Bitget CEO: Altcoins Are Dead, We're in a 'Monkey Market'

• —Chen: some networks with multibillion-dollar valuations have single- or double-digit daily active developers
• —GameFi, SocialFi and NFT failed to compete with mainstream platforms and lost users
• —The biggest opportunities lie in stablecoins, RWA tokenization and cross-border payments
• —Chen sees a possible repeat of 2022 and a shock comparable to the FTX collapse