### Altcoin Market Zero-Sum Game#

The altcoin market is currently in a zero-sum game stage, characterized by a player-versus-player competitive model. Although Bitcoin's market cap has doubled, the total market cap of altcoins remains below its previous all-time high, indicating that there is no new capital inflow, and altcoins are simply rotating among themselves. In this scenario, only a few altcoins with strong use cases and narratives can survive. This means that the altcoin market will undergo a brutal elimination process, and only those projects that can deliver real value and attract investors will ultimately succeed. This zero-sum game situation also reflects the current predicament of the altcoin market, where the lack of new capital inflows leads to intense competition among projects, ultimately resulting in only a few emerging as winners.