On January 10, CryptoQuant CEO Ki Young Ju said on his social platform, “The altcoin market is currently in a zero-sum PvP (player vs. player) game. Although Bitcoin’s market value has doubled, the total market value of altcoins is still lower than its previous historical highs, and it is just rotating within the market without new capital inflows. Only a few altcoins with strong application scenarios and narratives can survive.”

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