被低估的加密代幣：計算令牌竊取節目嗎？

計算令牌正在為其在AI和分散計算中的潛力而受到關注，但是與GameFI和傳統財務相比，它們仍然被低估了嗎？

Undervalued Crypto Tokens: Compute Tokens Stealing the Show?

被低估的加密代幣：計算令牌竊取節目嗎？

The crypto market is buzzing, but not all tokens are created equal. While GameFi tokens often enjoy sky-high valuations based on potential, a different breed of crypto asset is quietly making waves: compute tokens. These tokens, powering decentralized networks that provide GPU power for AI and other compute workloads, might just be the most undervalued assets in the crypto space right now.

加密市場正在嗡嗡作響，但並非所有令牌都是平等的。儘管GameFi令牌通常會根據潛力而獲得高高的估值，但其他品種的加密資產卻悄悄地引起了海浪：計算令牌。這些令牌，為AI和其他計算工作負載提供GPU功率的分散網絡的動力，現在可能只是加密貨幣空間中最被低估的資產。

Compute Tokens vs. GameFi: A Reality Check

計算令牌與Gamefi：現實檢查

Remember the GameFi craze? Projects with billion-dollar market caps struggled to attract active users. Compute tokens, on the other hand, are powering functional systems that are already processing real workloads. Yet, their collective market value remains a fraction of traditional centralized players like CoreWeave.

還記得Gamefi熱潮嗎？具有十億美元市值的項目努力吸引活躍的用戶。另一方面，計算令牌正在為已經處理實際工作負載的功能係統提供動力。然而，他們的集體市場價值仍然是像Coreweave這樣的傳統集中式參與者的一小部分。

The CoreWeave Comparison: A Stark Contrast

CoreWeave比較：鮮明的對比

Consider CoreWeave, a centralized AI infrastructure provider closely integrated with Nvidia. Its stock is up 300% year-to-date, driven by its dominant position and contracts with major players like OpenAI. While CoreWeave is rewarded for its centralized approach, decentralized compute networks offer similar services—AI inference, rendering, and compute power—without needing to raise billions in debt or equity. These networks act as brokers, connecting existing GPUs to users and saving on capital expenditure.

考慮CoreWeave，是與NVIDIA緊密集成的集中的AI基礎設施提供商。它的股票從畢業前上漲了300％，這是由於其主要地位和與OpenAI等主要參與者的合同所驅動的。儘管CoreWeave因其集中式方法而受到獎勵，但分散的計算網絡提供了類似的服務（AI推斷，渲染和計算功率），而不需要提高數十億美元的債務或權益。這些網絡充當經紀人，將現有GPU與用戶聯繫起來並節省資本支出。

Why the Undervaluation?

為什麼要低估？

Despite addressing the same market need as CoreWeave, and in some ways offering a more capital-efficient and globally scalable model, compute tokens remain modestly valued. The market seems to treat GameFi with irrational exuberance, while distributed compute tokens may be suffering from the opposite problem.

儘管解決了與CoreWeave相同的市場需求，並且在某些方面提供了更高的資本效率和全球可擴展模型，但計算令牌仍然適度。市場似乎以非理性的旺盛對待Gamefi，而分佈式的計算令牌可能遇到了相反的問題。

Sogni AI: A Glimpse into the Future

夢想AI：瞥見未來

Projects like Sogni AI, a decentralized platform for generative AI workflows, are leading the charge. Sogni's mainnet launch on Base and Etherlink, coupled with its SOGNI token listing on major exchanges like Kraken and MEXC, highlights the growing interest in decentralized compute solutions. Sogni's focus on creating an open and economically sustainable environment for creative AI applications showcases the real-world utility of these networks.

Sogni AI之類的項目是一個用於生成AI工作流的分散平台，正在領導這一收費。 Sogni的Mainnet在基地和Etherlink上的發射，再加上其在Kraken和MexC等主要交易所上的Sogni代幣列表，強調了對分散的計算解決方案的興趣日益增長。 Sogni專注於為創造性AI應用創造開放且經濟可持續的環境，展示了這些網絡的現實實用性。

Beyond Compute: Other Undervalued Gems

超越計算：其他被低估的寶石

It's not just compute tokens that deserve attention. Projects like Kaspa (KAS), with its lightning-fast proof-of-work blockchain, XRP (Ripple), poised for growth in global payments, and Hedera (HBAR), backed by industry giants and powering real-world use cases, are also trading below their potential.

值得關注的不僅是計算令牌。 Kaspa（KAS）及其閃電般的工作證明區塊鏈，XRP（Ripple），有望在全球支付中增長的項目，以及由行業巨頭支持的Hedera（HBAR）（HBAR），以及為現實世界中的用用案例提供動力，也在其潛力以下進行交易。

The Token Unlock Factor

令牌解鎖因素

Keep an eye on upcoming token unlocks. Events like the recent unlocks of Optimism (OP), Sui (SUI), and Ethena (ENA) can introduce volatility but also present potential buying opportunities. Monitoring these events can provide insights into market sentiment and project fundamentals.

請密切關注即將到來的令牌解鎖。諸如最近的樂觀（OP），SUI（SUI）和Ethena（ENA）之類的活動可以引入波動性，但也會帶來潛在的購買機會。監視這些事件可以提供有關市場情感和項目基礎知識的見解。

Final Thoughts: Time to Pay Attention

最終想法：注意

While the crypto market can be a wild ride, strong fundamentals eventually shine through. Compute tokens and other undervalued altcoins offer a compelling investment opportunity for those willing to look beyond the hype. So, do your research, keep an eye on market trends, and get ready to unearth the hidden gems of the crypto world. Who knows, you might just stumble upon the next big thing!

雖然加密市場可能是一個瘋狂的旅程，但強大的基本面最終會閃耀。計算令牌和其他被低估的Altcoins為那些願意超越炒作的人提供了令人信服的投資機會。因此，進行研究，關注市場趨勢，並準備發掘加密貨幣世界的隱藏寶石。誰知道，您可能只是偶然發現下一個大事！