隨著以太幣 [ETH] 上漲，山寨幣季節開始，LINK 每週上漲 16.6%

以太坊 [ETH] 最近展示了其作為市值第二大加密貨幣的實力，並取得了顯著的成長。在過去 24 小時內，ETH 飆升近 10%，截至發稿時交易價格達到 3,374 美元。

Ethereum's recent strength, as the second-largest cryptocurrency by market capitalization, has brought about a 10% surge in its price over the past 24 hours. This surge, reaching a trading price of $3,374 at the time of writing, signals potential bullish activity in the broader altcoin market.

作為市值第二大加密貨幣，以太坊最近的走強導致其價格在過去 24 小時內飆升了 10%。這次飆升，在撰寫本文時達到了 3,374 美元的交易價格，標誌著更廣泛的山寨幣市場潛在的看漲活動。

CryptoQuant analyst Mac.D has highlighted the beginning of an altcoin season in a post on the QuickTake platform, pointing to Ethereum's circulating velocity and transaction growth as indicators of this rally.

CryptoQuant 分析師 Mac.D 在 QuickTake 平台上的一篇文章中強調了山寨幣季節的開始，指出以太坊的流通速度和交易增長是此次反彈的指標。

Historically, during altcoin market rallies, the circulating velocity—a measure of how quickly coins circulate in the market, calculated by dividing the annual coin movement by the total supply—tends to rise. Despite the currently low velocity levels, at around seven times the total supply, Ethereum's role as a primary collateral asset for institutional investors is expected to play a crucial part.

從歷史上看，在山寨幣市場反彈期間，流通速度（衡量貨幣在市場上流通速度的指標，透過將年度貨幣流動量除以總供應量來計算）往往會上升。儘管目前流通速度較低，約為總供應量的七倍，但以太坊作為機構投資者主要抵押資產的作用預計將發揮至關重要的作用。

According to the analyst, a rise in ETH's price could stimulate DeFi liquidity and confirm the onset of an altcoin season.

這位分析師表示，ETH 價格上漲可能會刺激 DeFi 流動性，並確認山寨幣季節的到來。

This recent strength in Ethereum's performance comes within a broader narrative. While Bitcoin has outpaced Ethereum in recent rallies, largely due to its institutional appeal and role as a store-of-value asset, Ethereum's role as a backbone for decentralized finance (DeFi) and a top choice for institutional collateral positions it for substantial influence.

以太坊最近的強勁表現來自於更廣泛的敘述。雖然比特幣在最近的上漲中超過了以太坊，這主要是由於其機構吸引力和作為價值存儲資產的作用，但以太坊作為去中心化金融（DeFi）的支柱和機構抵押品的首選角色使其具有重大影響力。

However, challenges remain, with competition from faster and cheaper blockchain networks, such as Solana, Tron, and Aptos, presenting hurdles for Ethereum to overcome. Yet, as Ethereum's transaction growth and velocity improve, it is expected to drive liquidity creation, benefiting the altcoin ecosystem.

然而，挑戰依然存在，來自更快、更便宜的區塊鏈網路（例如 Solana、Tron 和 Aptos）的競爭，為以太坊帶來了需要克服的障礙。然而，隨著以太坊交易成長和速度的提高，預計將推動流動性創造，使山寨幣生態系統受益。

A closer look at one of the prominent altcoins, Chainlink, further supports the altcoin season thesis. LINK has recorded a 16.6% increase in the past week, bringing its trading price to $15.26.

仔細觀察一種著名的山寨幣 Chainlink，進一步支持了山寨幣季節的論點。 LINK 在過去一周上漲了 16.6%，交易價格達到 15.26 美元。

This growth aligns with Ethereum's rising activity and suggests broader altcoin momentum. Key metrics bolster this case: LINK's active addresses—a measure of retail interest—have surged, increasing from below 2,000 in October to over 5,000 by 21st November, according to Glassnode.

這種增長與以太坊不斷增長的活動相一致，並表明了更廣泛的山寨幣勢頭。關鍵指標支持了這一觀點：根據 Glassnode 的數據，LINK 的活躍地址（零售興趣的衡量​​標準）激增，從 10 月的不到 2,000 個增加到 11 月 21 日的超過 5,000 個。

Furthermore, Chainlink's derivatives data also shows bullish signs, with a 7.76% increase in LINK's open interest, now valued at $294.88 million, according to data from Coinglass.

此外，Chainlink的衍生性商品數據也顯示出看漲跡象，根據Coinglass的數據，LINK的未平倉合約增加了7.76%，目前價值2.9488億美元。

Additionally, there has been a 0.86% increase in LINK's open interest volume, reaching $726.97 million. These metrics suggest heightened investor activity and confidence in LINK's near-term performance.

此外，LINK 的未平倉合約量成長了 0.86%，達到 7.2697 億美元。這些指標顯示投資者活動增加，並對 LINK 的近期表現充滿信心。