CryptoQuant CEO: The altcoin market is in a zero-sum PvP game, only a few projects can survive
CryptoQuant CEO Ki Young Ju stated on his social media platform, "The altcoin market is currently in a zero-sum PvP (player versus player) game. Despite the doubling of Bitcoin's market value, the total market value of altcoins is still below its previous historical high point, just rotating within the market without new capital inflow. Only a few altcoins with strong application scenarios and narratives can survive."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US military strikes Iranian oil tanker, triggering geopolitical risks as Brent crude nears $97 mark
Following the US military's attack on Iranian oil tankers and Iran's announcement of new restricted navigation zones outside the Strait of Hormuz, market concerns over prolonged disruptions in key energy transport routes have intensified, leading to a sharp rise in international oil prices.

Geopolitical tensions overshadowing production cuts: OPEC+ maintains quotas unchanged, paper adjustments fail to resolve physical supply dilemmas
OPEC+ major oil producers, led by Saudi Arabia and Russia, held a monthly video conference last Sunday and decided to keep the crude oil production quota for October unchanged, continuing the previous tone of stable production following a series of symbolic production increases.

IX Biopharma seeks SGX-ST trading halt lift for shares in Singapore
No Public Money Behind El Salvador’s New Bitcoin, IMF Confirms