Altcoin季节现在正在发生吗？

加密货币世界喜欢谈论Altcoin季节 - 较小的加密货币开始飞涨的激动人心的时期

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.

加密货币世界喜欢谈论Altcoin季节 - 那些令人兴奋的时期，较小的加密货币开始飙升，通常甚至比比特币都要好。但是现在发生了，还是我们仍然陷入比特币季节？一群专家最近在非链接播客上讨论了这个话题，并提供了他们对加密货币市场下一步期望的见解。

One Point of View: A Mini Altcoin Season

一个观点：迷你山寨币季节

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.

受欢迎的加密分析师斯科特·梅尔克（Scott Melker）认为，他们可能刚刚经历了迷你山寨币季节。尽管比特币表现良好并在一年中达到了新的高点，但几个山寨币也采取了重大举措，这是一段时间以来没有看到的。

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，以太坊在短短两天内经历了40％的集会，这对于以太坊大小的硬币来说是一个重大的举动。此外，比特币在总体加密市场中的份额是在价格上涨时下降。通常，当比特币攀爬时，山寨币倾向于保持平坦或跌倒。但是，这次都一起移动，这可能表明新资金正在进入市场，而不是交易者只是在比特币和山寨币之间转移资金。

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

我们真的可以像过去一样还有另一个Altcoin赛季吗？

The short answer: probably not in the same way.

简短的答案：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.

有大量新的加密项目在场外等待。风险资本家和开发商一直坚持推出数千个新令牌，直到市场条件改善。当这些市场投放市场时，他们将把投资者的钱稀少，这使每个山寨币都更难像我们过去的山寨币季节那样崛起。

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，无链接播客的专家认为，下一个altcoin跑步将是叙事驱动的。换句话说，某些类型的硬币会根据市场趋势和炒作在某些时间泵送。例如，它可以是一个月的模因，下一个与AI相关的令牌，或者可能是Solana或以太坊的Defi（分散融资）项目。

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，与其“投掷飞镖并观察一切兴起”市场，不如每天都需要调整投资者，以便在正确的时期捕捉正确的趋势。