David Hoffman: In 2017, Bitcoin clones were all the rage, and PRL and QTC saw their valuations surge.

David Hoffman, co-founder of Bankless, stated that Bitcoin clones reminiscent of 2017 are experiencing a resurgence in popularity. PRL rose 30% this week, reaching a fully diluted valuation of $4.2 billion; QTC surged 300% this month, reaching a valuation of $1.8 billion with a total supply of 21 million coins.