低流通量加密貨幣激增：重塑加密貨幣市場的隱藏趨勢

CoinGecko 的研究顯示，市值排名前 300 名的加密貨幣中有很大一部分 (21.3%) 被歸類為低流通量，這意味著它們的市值不到完全攤薄估值的一半。值得注意的是，這些低流通量加密貨幣中的大多數（54%）都是在過去四年中推出的，凸顯了流通率較低的新型加密貨幣的趨勢。

Low-Float Cryptocurrencies Surge: A Hidden Trend in the Crypto Market

低流通量加密貨幣激增：加密市場的隱藏趨勢

An in-depth analysis conducted by the renowned crypto data and intelligence platform, Coingecko, has unveiled a startling revelation about the composition of the current cryptocurrency market. The research, published on May 10, 2024, uncovers a significant trend among newer cryptocurrencies: their prevalence as low-float assets.

著名的加密數據和情報平台 Coingecko 進行的深入分析揭示了有關當前加密貨幣市場組成的驚人信息。該研究於 2024 年 5 月 10 日發布，揭示了新型加密貨幣的一個重要趨勢：它們作為低流通資產的普遍存在。

Defining Low-Float Cryptocurrencies

定義低流通量加密貨幣

Coingecko's research classifies a cryptocurrency as low-float if its market capitalization to fully diluted valuation (FDV) ratio falls below 0.5. In contrast, high-float cryptocurrencies exhibit an FDV ratio between 0.5 and 0.99, while a fully diluted cryptocurrency has an FDV ratio of 1.

Coingecko 的研究將加密貨幣歸類為低流通量，如果其市值與完全稀釋估值 (FDV) 比率低於 0.5。相較之下，高流通量的加密貨幣的 FDV 比率在 0.5 到 0.99 之間，而完全稀釋的加密貨幣的 FDV 比率為 1。

Low-Float Dominance in the Top 300 Cryptos

低流通量在前 300 名加密貨幣中佔據主導地位

Strikingly, the analysis reveals that a staggering 21.3% of the top 300 cryptocurrencies by market capitalization are low-float, eclipsing the 24.7% of fully diluted tokens. This finding challenges the perception that mature, well-established cryptocurrencies exclusively dominate the market.

引人注目的是，分析顯示，市值排名前 300 名的加密貨幣中有 21.3% 是低流通量的，超過了完全稀釋代幣的 24.7%。這項發現挑戰了成熟、完善的加密貨幣完全主導市場的看法。

Recent Surge in Low-Float Crypto Launches

最近低流通量加密貨幣發行量激增

Further exploration of the data reveals a fascinating trend: over 54 of the 64 low-float cryptocurrencies in the top 300 were launched within the past four years. This surge suggests that newer projects are increasingly opting for a low-float strategy to attract investors.

對數據的進一步探索揭示了一個令人著迷的趨勢：前 300 名中的 64 種低流通加密貨幣中有超過 54 種是在過去四年內推出的。這種激增表明，新項目越來越多地選擇低流通量策略來吸引投資者。

Contrasting Proportions of High-Float and Fully Diluted Cryptos

比較高流通量和完全稀釋的加密貨幣的比例

The analysis also highlights the significant presence of high-float cryptocurrencies, which account for a substantial 54% of the top 300. These assets have over half of their total supply in circulation, indicating a more diluted ownership structure.

該分析還強調了高流通量加密貨幣的顯著存在，這些加密貨幣在前 300 種加密貨幣中佔了 54%。

Prevalence of Memecoins Among Fully Diluted Tokens

Memecoin 在完全稀釋代幣中的流行程度

Interestingly, Coingecko's findings indicate that 14 of the 74 fully diluted cryptocurrencies in the top 300 are memecoins, underscoring their prominence in the current market landscape. Memecoins, known for their humorous or unconventional themes, have gained significant popularity in recent years.

有趣的是，Coingecko 的調查結果表明，前 300 種完全稀釋的加密貨幣中有 14 種是迷因幣，這凸顯了它們在當前市場格局中的突出地位。模因幣以其幽默或非傳統的主題而聞名，近年來大受歡迎。

Correlation Between Cryptocurrency Age and FDV Ratio

加密貨幣年齡與 FDV 比率之間的相關性

The research suggests a correlation between the age of a cryptocurrency and its FDV ratio. Older cryptocurrencies generally boast higher FDV ratios, potentially reflecting the dilution of supply over time. The average FDV ratio for the top 300 cryptocurrencies stands at 0.73, indicating a relatively healthy level of supply distribution.

該研究表明加密貨幣的年齡與其 FDV 比率之間存在相關性。較舊的加密貨幣通常擁有較高的 FDV 比率，這可能反映了隨著時間的推移供應量的稀釋。前 300 名加密貨幣的平均 FDV 比率為 0.73，顯示供應分佈處於相對健康的水平。

Methodology and Significance

方法論和意義

Coingecko's research methodology involved excluding stablecoins and wrapped tokens from the analysis and ranking cryptocurrencies by market capitalization as of May 8th. The study assumed that tokens with an unspecified maximum supply possessed an FDV equal to their market capitalization.

Coingecko 的研究方法包括從 5 月 8 日起的分析中排除穩定幣和打包代幣，並按市值對加密貨幣進行排名。研究假設最大供應量未指定的代幣的 FDV 等於其市值。

The findings of this comprehensive analysis provide valuable insights into the evolving dynamics of the cryptocurrency market. The surge in low-float cryptocurrencies highlights a shift in market preferences, while the contrasting proportions of high-float and fully diluted tokens offer a nuanced perspective on supply distribution. The research underscores the importance of understanding these trends for informed investment decisions and the future trajectory of the crypto industry.

這項綜合分析的結果為了解加密貨幣市場的動態變化提供了寶貴的見解。低流通量加密貨幣的激增凸顯了市場偏好的轉變，而高流通量和完全稀釋代幣的對比比例則為供應分配提供了微妙的視角。該研究強調了了解這些趨勢對於做出明智的投資決策和加密貨幣產業未來發展軌跡的重要性。