隨著加密貨幣市場格局的變化，山寨幣激增，比特幣的主導地位下滑

隨著比特幣在加密貨幣市場的主導地位不斷下降，交易者正在探索替代貨幣。隨著比特幣的份額從 FTX 後的 55% 高點回落，山寨幣獲得了關注，這預示著可能會轉向另一個季節。

Bitcoin's Market Share Declines, Altcoins Gain Traction Amidst Shifting Crypto Market Dynamics

比特幣市場份額下降，山寨幣在加密市場動態變化中獲得吸引力

The cryptocurrency landscape has undergone a notable shift, with Bitcoin's market dominance dwindling and altcoins experiencing a surge in value. According to data from Decentral Park, an investment firm, Bitcoin's share of the total crypto market has fallen significantly from its post-FTX peak of 55%.

加密貨幣格局發生了顯著變化，比特幣的市場主導地位逐漸減弱，而山寨幣的價值卻在飆升。根據投資公司 Decentral Park 的數據，比特幣在整個加密市場的份額已較 FTX 後峰值 55% 大幅下降。

"We may have entered the early stage of an altcoin season," said Kelly Ye, head of research at Decentral Park. She highlighted the increasing interest in altcoins, which are cryptocurrencies other than Bitcoin that have experienced a notable increase in value in recent weeks.

Decentral Park 研究主管 Kelly Ye 表示：“我們可能已經進入了山寨幣季節的早期階段。”她強調了人們對山寨幣的興趣日益濃厚，山寨幣是除比特幣之外的加密貨幣，最近幾週價值顯著上漲。

Altcoins have historically exhibited more significant price volatility compared to Bitcoin due to their lower market capitalization. However, during bull markets, their potential for high returns attracts risk-taking investors who are undeterred by market fluctuations.

由於市值較低，山寨幣歷來表現出比比特幣更顯著的價格波動。然而，在牛市期間，它們的高回報潛力吸引了不被市場波動嚇倒的冒險投資者。

Ye believes that Bitcoin's dominance will likely remain between 50% and 60%, below its peak of approximately 70% observed during the last halving in May 2020. This indicates a potential shift in market dynamics, with altcoins gaining a larger share of the crypto market.

葉認為，比特幣的主導地位可能會保持在50% 到60% 之間，低於2020 年5 月上次減半期間觀察到的約70% 的峰值。這表明市場動態可能發生變化，山寨幣在加密貨幣市場中獲得更大份額。

The decline in Bitcoin's dominance has coincided with a surge in the value of altcoins. Ethereum, the second-largest cryptocurrency by market capitalization, has witnessed a steady rise in its value.

比特幣主導地位的下降與山寨幣價值的飆升同時發生。以太坊是市值第二大的加密貨幣，其價值穩定上升。

Market watchers have attributed the shift in market dynamics to several factors, including the ongoing macroeconomic uncertainty surrounding inflation, rising interest rates, and geopolitical tensions. These factors have led investors to seek alternative investment opportunities, contributing to the increased interest in altcoins.

市場觀察家將市場動態的轉變歸因於幾個因素，包括圍繞通膨、利率上升和地緣政治緊張局勢持續存在的宏觀經濟不確定性。這些因素導致投資者尋求替代投資機會，從而增加了對山寨幣的興趣。

It is important to note that altcoin markets remain highly volatile, and investors should approach them with caution. The low liquidity and susceptibility to price swings can lead to rapid gains and losses, making them suitable only for investors with a high risk tolerance.

值得注意的是，山寨幣市場仍然高度波動，投資者應謹慎對待。低流動性和對價格波動的敏感度可能導致快速收益和損失，使其僅適合具有高風險承受能力的投資者。

Despite the resurgence of altcoins, Bitcoin remains the dominant cryptocurrency in the market, accounting for nearly half of its total value. Its established position as a store of value and its limited supply continue to attract investors, providing stability amidst market volatility.

儘管山寨幣復甦，但比特幣仍然是市場上占主導地位的加密貨幣，佔其總價值的近一半。其作為價值儲存手段的既定地位及其有限的供應繼續吸引投資者，在市場波動中提供穩定性。

As the crypto market continues to evolve, it remains to be seen whether the current trend of altcoins gaining market share will continue. The overall market sentiment and external factors will play a significant role in shaping the future dynamics of the crypto market.

隨著加密貨幣市場的不斷發展，當前山寨幣獲得市場份額的趨勢是否會持續還有待觀察。整體市場情緒和外部因素將對塑造加密貨幣市場的未來動態發揮重要作用。