Altcoin季節即將到來：ETH，XRP，SOL，ADA和SHIB備受推驗以勝過BTC

根據加密貨幣交易者和投資者的說法，Altcoin季節（另一種替代加密貨幣的表現都優於領先的資產比特幣），預計很快就會在任何時候開始。

Cryptocurrency traders and investors have been eagerly awaiting the arrival of altcoin season, a period when alternative cryptocurrencies outperform the leading asset Bitcoin. Recent market developments, including an indication of Ethereum (ETH) bottoming and several major altcoins showing promising signals, suggest that this season could be kicking off soon.

加密貨幣交易員和投資者一直在熱切地等待Altcoin季節的到來，在此期間，其他加密貨幣的表現優於領先的資產比特幣。最近的市場發展，包括表明以太坊（ETH）底部的跡象和一些有希望的信號的主要山寨幣，這表明本賽季可能很快就會開始。

On-chain analytical platform Cryptoquant's analysis of the relative price of the second-largest cryptocurrency, compared to Bitcoin, might have seen its bottom.

與比特幣相比，鏈上分析平台加密量分析對第二大加密貨幣的相對價格的分析可能已經看到了底部。

“Relative price of ETH bottomed out and major altcoins are showing good signs. Especially, the ratio of ETH volume to BTC volume reached 0.89, the highest level since August 2024.”

“ ETH的相對價格觸底了，主要的山寨幣顯示出良好的跡象。特別是，ETH量與BTC量的比率達到0.89，是2024年8月以來的最高水平。”

Key Altcoins Showing Recovery Signs

鑰匙端幣顯示恢復標誌

The ETH/BTC price ratio has skyrocketed by 38% over the last week. This upward movement comes after the ratio hit the lowest level recorded since January 2020.

在上週，ETH/BTC的價格比飆升了38％。這種向上的移動是在2020年1月以來的最低水平之後進行的。

According to CryptoQuant, the ratio level has indicated a relative bottom for ETH and furthered the larger altcoin outperformance.

根據加密量，比率水平表明ETH的相對底部，並進一步提高了較大的Altcoin優於性能。

“ETH entered an extreme undervaluation zone relative to Bitcoin, based on the ETH/BTC MVRV metric, for the first time since 2019. Similar conditions in 2017, 2018, and 2019 were followed by periods where ETH outperformed Bitcoin significantly, signaling strong mean-reversion potential.”

“基於ETH/BTC MVRV度量，ETH與比特幣相對於比特幣進入了極端低估的區域，這是自2019年以來的首次。2017年，2018年和2019年的類似條件隨後是ETH顯著勝過比特幣的時期，信號表明強大的均值逆轉電位。”

This pattern extends beyond Ethereum. XRP’s technical indicators show oversold conditions similar to those seen before its previous major rallies, while Solana’s on-chain metrics demonstrate continued network growth despite price suppression. Cardano’s development activity remains high, suggesting fundamental strength that could translate to price appreciation once market sentiment shifts.

這種模式超出了以太坊。 XRP的技術指標顯示出類似於以前主要集會前看到的條件，而Solana的鏈固定指標表明，儘管價格抑制了價格，但仍表現出持續的網絡增長。 Cardano的發展活動仍然很高，這表明一旦市場情緒轉移，它可以轉化為價格升值。

Even meme coins are participating in the early signs of altcoin season. Despite its speculative nature, Shiba Inu has maintained strong community engagement and has been developing utility through its ecosystem expansion, including the ShibaSwap DEX and upcoming layer-2 solution.

甚至模因硬幣也參與了Altcoin季節的早期跡象。儘管具有投機性的性質，但Shiba Inu仍保持了強大的社區參與度，並通過其生態系統擴展（包括Shibaswap Dex和即將到來的2層解決方案）一直在發展實用性。

Technical Analysis Confirms Bottom Formation

技術分析證實了底層

Another key event affirming the presence of altcoin season is the price in the relative ratio of ETH’s spot trading volume, which hit 0.89, a level last seen in August 2024.

確認Altcoin季節存在的另一個關鍵事件是ETH現貨交易量的相對比率的價格達到0.89，這是2024年8月最後一次出現的水平。

As the analysis highlighted, this development points to an increase in traders, holders, and investors’ exposure to ETH in comparison to Bitcoin.

正如分析所強調的那樣，與比特幣相比，這一發展表明，交易者，持有人和投資者對ETH的曝光率增加。

The analysis further highlighted that this volume surge isn’t limited to Ethereum. XRP has seen increased whale activity, with large transactions suggesting institutional accumulation. Solana’s trading volume has maintained healthy levels despite market volatility, while Cardano has experienced renewed retail interest.

分析進一步強調，這種體積激增不僅限於以太坊。 XRP的鯨魚活動增加了，大量交易表明機構積累。儘管市場動盪，但索拉納（Solana）的交易量仍保持健康水平，而卡爾達諾（Cardano）經歷了新的零售利息。

It bears mentioning that this pattern was experienced from 2019 to 2021, a time when ETH outpaced Bitcoin by increasing its value by four times its price. During that same period, other major altcoins experienced even more dramatic gains, with some assets delivering 10x to 100x returns as the altcoin season peaked.

它提到這種模式是從2019年到2021年經歷的，這是ETH通過將其價值提高四倍的價格超過比特幣的時代。在同一時期，其他主要的山寨幣經歷了更加巨大的收益，隨著山寨幣季節的達到頂峰，一些資產的收益率為10倍至100倍。