Altcoin季節現在正在發生嗎？

加密貨幣世界喜歡談論Altcoin季節 - 較小的加密貨幣開始飛漲的激動人心的時期

The crypto world loves to talk about altcoin season — those exciting times when smaller cryptocurrencies start skyrocketing in price, often even outperforming Bitcoin. But is it happening now, or are we still stuck in the Bitcoin season? A group of experts recently discussed this topic on the Unchained podcast, offering their insights into what to expect next in the crypto markets.

加密貨幣世界喜歡談論Altcoin季節 - 那些令人興奮的時期，較小的加密貨幣開始飆升，通常甚至比比特幣都要好。但是現在發生了，還是我們仍然陷入比特幣季節？一群專家最近在非鏈接播客上討論了這個話題，並提供了他們對加密貨幣市場下一步期望的見解。

One Point of View: A Mini Altcoin Season

一個觀點：迷你山寨幣季節

Popular crypto analyst, Scott Melker, believes that they may have just experienced a mini altcoin season. While Bitcoin has been performing well and reached new highs for the year, several altcoins also made significant moves, which is something that hasn’t been seen for a while.

受歡迎的加密分析師斯科特·梅爾克（Scott Melker）認為，他們可能剛剛經歷了迷你山寨幣季節。儘管比特幣表現良好並在一年中達到了新的高點，但幾個山寨幣也採取了重大舉措，這是一段時間以來沒有看到的。

For instance, Ethereum experienced a 40% rally in just two days, which is a substantial move for a coin of Ethereum’s size. Additionally, Bitcoin’s dominance, which is its share of the overall crypto market, declined while its price went up. Usually, when Bitcoin climbs, altcoins tend to stay flat or fall. However, this time both moved up together, which may indicate that new money is entering the market rather than traders simply shifting funds between Bitcoin and altcoins.

例如，以太坊在短短兩天內經歷了40％的集會，這對於以太坊大小的硬幣來說是一個重大的舉動。此外，比特幣在總體加密市場中的份額是在價格上漲時下降。通常，當比特幣攀爬時，山寨幣傾向於保持平坦或跌倒。但是，這次都一起移動，這可能表明新資金正在進入市場，而不是交易者只是在比特幣和山寨幣之間轉移資金。

Can We Really Have Another Altcoin Season Like the Old Days?

我們真的可以像過去一樣還有另一個Altcoin賽季嗎？

The short answer: probably not in the same way.

簡短的答案：可能不是以相同的方式。

There’s a massive number of new crypto projects waiting on the sidelines. Venture capitalists and developers are holding off on launching thousands of new tokens until market conditions improve. When those hit the market, they’ll spread investor money thinner — making it harder for every altcoin to rise together like we’ve seen in past altcoin seasons.

有大量新的加密項目在場外等待。風險資本家和開發商一直堅持推出數千個新令牌，直到市場條件改善。當這些市場投放市場時，他們將把投資者的錢稀少，這使每個山寨幣都更難像我們過去的山寨幣季節那樣崛起。

Instead, the experts on the Unchained podcast believe the next altcoin run will be narrative-driven. In other words, certain types of coins will pump at certain times based on market trends and hype. For example, it could be memecoins one month, AI-related tokens the next, or maybe DeFi (decentralized finance) projects on Solana or Ethereum.

取而代之的是，無鏈接播客的專家認為，下一個altcoin跑步將是敘事驅動的。換句話說，某些類型的硬幣會根據市場趨勢和炒作在某些時間泵送。例如，它可以是一個月的模因，下一個與AI相關的令牌，或者可能是Solana或以太坊的Defi（分散融資）項目。

So, rather than a “throw a dart and watch everything rise” market, investors will need to be tuned in daily to catch the right trends at the right times.

因此，與其“投擲飛鏢並觀察一切興起”市場，不如每天都需要調整投資者，以便在正確的時期捕捉正確的趨勢。