### Altcoin Market Zero-Sum Game#

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Hot Topic Overview

Overview

The altcoin market is currently in a zero-sum game stage, with projects vying for limited funds, resulting in player-versus-player competition. Despite Bitcoin's market cap doubling, the total market cap of altcoins remains below its previous all-time high, with no new capital inflows, only internal rotation. In this scenario, only a few altcoins with strong use cases and narratives can survive, while others face the risk of being eliminated.

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Analysis

The altcoin market is currently in a zero-sum game stage, characterized by a player-versus-player competitive model. Despite Bitcoin's market cap doubling, the total market cap of altcoins remains below its previous all-time high, indicating no new capital inflow and altcoins merely vying for a limited market share. In this scenario, only a handful of altcoins with strong use cases and narratives can survive, while others face the risk of being eliminated. This implies a brutal reshuffling in the altcoin market, where ultimately only a few projects with genuine value will emerge.

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Classic Views

The altcoin market is currently in a zero-sum game.

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There is no new capital flowing into the altcoin market, it is just rotating internally.

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Only a few altcoins with strong use cases and narratives will survive.

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The altcoin market is a player versus player (PvP) game.

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