### Altcoin Market Zero-Sum Game#

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Hot Topic Overview

Overview

The altcoin market is currently in a zero-sum game, with projects competing against each other for limited funds. Although Bitcoin's market cap has doubled, the total market cap of altcoins is still below its previous all-time high, with no new capital flowing in, only rotating within the market. In this situation, only a few altcoins with strong use cases and narratives will be able to survive.

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Analysis

The altcoin market is currently in a zero-sum game stage, meaning that the rise of some altcoins will be accompanied by the fall of others. Although Bitcoin's market cap has doubled, the total market cap of altcoins is still below its previous all-time high, indicating that there is no new capital flowing into the altcoin market, only funds rotating between existing altcoins. In this scenario, only a few altcoins with strong use cases and narratives will survive, while others may face the risk of elimination. This suggests that the altcoin market has entered a highly competitive stage, and only those projects that can provide real value and appeal will succeed in the future.

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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 competitive environment.

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