比特币增强主导地位：这对山寨币意味着什么？

自今年年初以来，山寨币季节尚未形成势头，因为比特币继续受到投资者的大部分关注。

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.

上周加密货币市场大幅上涨，为许多短期投机者扭亏为盈提供了急需的推动力。比特币一马当先，突破了 64,790 美元大关，尽管在撰写本文时势头似乎有所减弱。

This surge was mirrored across the altcoin landscape, with several cryptocurrencies, including TRON, Avalanche (AVAX), and Chainlink (LINK), recording impressive gains ranging from 20% to 30% within just seven days.

这种激增反映在整个山寨币领域，包括 TRON、Avalanche (AVAX) 和 Chainlink (LINK) 在内的多种加密货币在短短 7 天内就实现了 20% 至 30% 的惊人涨幅。

Despite these gains among widespread altcoins, Bitcoin continues to exert dominance over the entire market.

尽管广泛使用的山寨币取得了这些进展，但比特币继续在整个市场上发挥主导地位。

Bitcoin Increases Dominance: What Does It Mean For Altcoins?

比特币增强主导地位：这对山寨币意味着什么？

The altcoin season has yet to build up steam since the beginning of the year as Bitcoin continues to receive the lion’s share of investor attention. This is clearly reflected in the Altcoin Season Index, which currently registers a reading of 22 and tipping the scale in favor of Bitcoin. The scale also reads a 29 on the Altcoin Monthly Index, also in favor of Bitcoin.

自今年年初以来，山寨币季节尚未形成势头，因为比特币继续受到投资者的大部分关注。这在山寨币季节指数中得到了清楚的体现，该指数目前的读数为 22，并且正在向有利于比特币的方向倾斜。山寨币月度指数也显示为 29，也有利于比特币。

Essentially, the index works by analyzing the performance of various altcoins against Bitcoin. If 75% of the top 50 altcoins performed better than Bitcoin in the past 90 days, it is altcoin season. If 75% of the top 50 altcoins performed better than Bitcoin in the past 90 days, it is deemed an altcoin month. Interestingly, the last official altcoin season occurred during the 2021 bull run.

本质上，该指数的工作原理是分析各种山寨币相对于比特币的表现。如果过去 90 天内，前 50 名山寨币中有 75% 的表现优于比特币，那么现在就是山寨币季节。如果前 50 名山寨币中有 75% 在过去 90 天内的表现优于比特币，则该月被视为山寨币月。有趣的是，最后一个官方山寨币季节发生在 2021 年牛市期间。

According to the chart below, the last time market dominance almost tipped in favor of altcoins was in January 2024, when it climbed above 75 for only a few days. Nowadays, the scale mostly ranges around 20 to 30, pushing the altcoin season further out of reach. In fact, the index even dipped as low as 12 on July 30, further highlighting the ongoing dominance of Bitcoin.

根据下图，上一次市场主导地位几乎向山寨币倾斜是在 2024 年 1 月，当时它仅在几天内就攀升至 75 以上。如今，规模大多在 20 到 30 左右，使得山寨币季节进一步遥不可及。事实上，该指数在 7 月 30 日甚至跌至 12，进一步凸显了比特币的持续主导地位。

Supporting this Bitcoin dominance trend is the price data from CoinMarketCap, At the time of writing, Bitcoin is trading at $63,850 with a market cap of $1.26 trillion. This represents a 6.92% increase in the last seven days. As such, 56.3% of the entire crypto market value is currently sitting in Bitcoin.

支持比特币主导趋势的是 CoinMarketCap 的价格数据，截至撰写本文时，比特币交易价格为 63,850 美元，市值为 1.26 万亿美元。这意味着过去 7 天增加了 6.92%。因此，目前整个加密市场价值的 56.3% 是比特币。

What’s The Performance Outlook For Altcoins?

山寨币的表现前景如何？

Due to Bitcoin’s dominance, many altcoins now tend to mirror its performance. However, there are periods of exceptions where some altcoins experience notable rallies independently. At the time of writing, Ethereum commands the largest share of the altcoin market cap with $314.2 billion. Other altcoins collectively hold a market cap of $438.48 billion, while stablecoins have a market cap of $161.97 billion.

由于比特币的主导地位，许多山寨币现在倾向于反映其表现。然而，也有一些例外时期，一些山寨币会独立经历显着上涨。截至撰写本文时，以太坊占据山寨币市值的最大份额，达 3142 亿美元。其他山寨币的总市值为 4384.8 亿美元，而稳定币的市值为 1619.7 亿美元。

The most impressive gains currently go to Sun Token, a stablecoin swap token based on TRON, which has gained 305% in seven days. Memecoins Dogwifhat (WIF) and POPCAT have also gained 32.7% and 76%, respectively, in the same timeframe.

目前涨幅最令人印象深刻的是Sun Token，这是一种基于波场TRON的稳定币互换代币，7天内上涨了305%。 Memecoins Dogwifhat (WIF) 和 POPCAT 也在同一时间段内分别上涨了 32.7% 和 76%。

Undoubtedly, altcoins will continue to see varying degrees of performance based on their individual utility and market adoption.

毫无疑问，山寨币将根据其各自的效用和市场采用程度继续看到不同程度的表现。