CryptoQuant CEO: The altcoin market is in a zero-sum PvP game, and only a few projects can survive
On January 10th, CEO of CryptoQuant Ki Young Ju stated on his social media platform that "the altcoin market is currently engaged in a zero-sum PvP (player vs player) game. Despite Bitcoin's market value doubling, the total market value of altcoins is still below its previous historical high, only rotating within the market without new capital influx. Only a few altcoins with strong use cases 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
SOL breaks through $190
Arbitrum DAO launches BoLD protocol voting, plans to upgrade mainnet security mechanism in February
Music and dance game IP "Audition" enters the Web3 market
Trending news
MoreCrypto prices
More
