Joo Ki-Young: "Only a Strong Few Altcoins Will Survive"

A claim has emerged that only a strong few altcoins will survive in the future.

On the 9th (local time), Joo Ki-Young, CEO of CryptoQuant, stated, "The current altcoin market is a zero-sum PVP (Player VS Player) situation," and "Only a few altcoins with strong narratives and use cases will survive." He further explained, "While Bitcoin's market cap has doubled, the altcoin market cap remains below its all-time high (ATH)," adding, "The altcoin market is circulating internally without new capital inflow."

Meanwhile, zero-sum is a game theory term that refers to a situation where the total gains and losses among participants always sum to zero.