ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on his social platform, "The altcoin market is currently in a zero-sum PvP (player versus player) game. Although Bitcoin's market cap has doubled, the total market cap of altcoins is still below the previous historical high, merely rotating within the market without new capital inflow. Only a few altcoins with strong use cases and narratives will be able to survive."