當加密貨幣市場進入重新註意和轉移勢頭的階段時，不同的項目正在爭奪下一個週期

當加密貨幣市場進入重新註意和轉移勢頭的階段時，不同的項目正在爭奪下一個週期

As the crypto market enters a phase of renewed attention and shifting momentum, different projects are vying to define the next cycle. Zcash is slowly reemerging, driven by a growing interest in privacy. Ethena’s ENA token is also capturing attention due to a major unlock event and its unique approach to digital savings. However, both projects face specific limitations that may impact their overall trajectory.

當加密市場進入重新註意和轉移動力的階段時，不同的項目正在爭奪定義下一個週期。 Zcash正在緩慢地重新出現，這是對隱私興趣日益興趣的驅動。 Ethena的ENA令牌也因重大解鎖活動及其獨特的數字儲蓄方法而引起人們的關注。但是，這兩個項目都面臨可能影響其整體軌蹟的特定限制。

Zcash (ZEC) Shows Signs of Recovery—But Will Privacy Alone Drive Growth?

Zcash（ZEC）顯示了恢復的跡象，但僅隱私會推動增長嗎？

Zcash has been steadily regaining traction as the focus on privacy continues in the crypto sphere. Recently trading around $33, ZEC has seen a rebound from its lows, with some projections suggesting a rise to $39.66 by April. Longer-term predictions are even more bullish, forecasting potential highs of $183 by 2030, although the outcomes vary across different analyses.

Zcash一直在穩步重新獲得關注，因為在加密球體中繼續關注隱私。 ZEC最近交易約33美元，已經從其低谷中反彈了，一些預測表明到4月，它上升至39.66美元。長期的預測更加看漲，預測到2030年的潛在高度為183美元​​，儘管結果在不同的分析中有所不同。

What sets Zcash apart is its use of zero-knowledge proofs, which grant full transaction anonymity. Unlike most networks where addresses and amounts are visible by default, Zcash keeps this information hidden, rendering it untraceable. This core feature positions it uniquely in an increasingly transparent blockchain space.

設定Zcash的原因是它使用零知識證明，這授予了完整的交易匿名性。與大多數網絡默認可見地址和金額的網絡不同，Zcash將此信息隱藏起來，使其無法追踪。此核心特徵將其獨特地定位在越來越透明的區塊鏈空間中。

Still, ZEC’s future is intrinsically tied to broader market demand for privacy and its ability to innovate. Without any major partnerships or feature rollouts in sight, recovery is expected to be gradual. While Zcash offers a distinct use case with its advanced technology, its long-term success depends on shifting user needs and sustained ecosystem development.

儘管如此，ZEC的未來與更廣泛的隱私市場需求及其創新能力息息相關。沒有任何主要的合作夥伴關係或特徵推廣，恢復有望逐步進行。儘管Zcash提供了與先進技術的獨特用例，但其長期成功取決於用戶需求的轉移和持續的生態系統開發。

ENA Faces Crucial Moment as $3.29B Unlock Sparks Volatility

ENA面對關鍵時刻，$ 3.29B解鎖火花波動

Ethena’s ENA token is also coming into the spotlight as a major unlock event approaches. Nearly 7.93 million ENA, valued at $3.29 billion, is set to be released, pushing ENA up 5% to $0.417 and increasing trading volume by over 17%.

當主要的解鎖事件方法中，埃塞納（Ethena）的ena代幣也引起了人們的關注。近793萬ENA（價值32.9億美元）將發布，將ENA上升5％至0.417美元，並增加了17％以上的交易量。

While this specific token release is moderate, the concern arises from over 7.7 billion tokens—over 51% of the total supply—remaining locked. Of that, 25% is controlled by private entities, and 30% is allocated to the team and advisors. Such a high level of concentration introduces a significant risk factor for a token already sensitive to market fluctuations.

儘管此特定的代幣發布是適度的，但關注的問題來自超過77億個令牌（佔總供應總額的51％），這些令牌已被鎖定。其中，有25％由私人實體控制，30％分配給了團隊和顧問。如此高的集中度引入了對市場波動敏感的令牌的重要危險因素。

Ethena promotes its “Internet Bond” to merge crypto and traditional savings, an initiative that could attract attention in the current macroeconomic climate. However, this next phase of development will test more than just ENA’s branding and marketing efforts. The coming unlock could either reinforce confidence in the project or trigger large-scale sell-offs.

Ethena將其“互聯網紐帶”提升為合併加密貨幣和傳統儲蓄，該倡議可以在當前的宏觀經濟氣候中引起人們的關注。但是，下一階段的發展不僅僅是ENA的品牌和營銷工作。即將到來的解鎖可能會增強對該項目的信心，也可以觸發大規模拋售。

For short-term traders, ENA presents a promising opportunity as the increased attention and news coverage could lead to heightened volatility, especially with the major unlock on the horizon. However, it also means a period of increased unpredictability for those not used to rapid price swings.

對於短期交易者而言，ENA提供了一個有前途的機會，因為人們的關注和新聞報導的增加可能會導致波動的提高，尤其是在主要解鎖的情況下。但是，這也意味著那些不用於快速價格波動的人的不可預測性增加。

BlockDAG Keynote 3 & Testnet Go Live: Delivering Infrastructure While Other Projects Hype

BlockDag Keynote 3和TestNet Go Live：交付基礎架構，而其他項目炒作

In a market saturated with speculative tokens and delayed roadmaps, BlockDAG is setting itself apart through visible, verifiable progress.

在充滿投機令牌和延遲路線圖的市場中，BlockDag通過可見的，可驗證的進度與眾不同。

Keynote 3, held on March 22, marked a significant turning point as it announced the launch of Beta Testnet V1, which is already live and processing over 1.2 million transactions across a network of 100+ community nodes worldwide. This testnet isn’t a technical milestone—it’s concrete evidence of a project executing ahead of schedule.

3月22日舉行的Keynote 3標誌著它宣布推出Beta Testnet V1的重大轉折點，該網絡V1已經在全球100多個社區節點網絡上進行了現場直播和處理超過120萬筆交易。該測試網不是技術里程碑，它是提前執行項目的具體證據。

Unlike many Layer 1 projects that remain in the planning phase for years, BlockDAG has introduced real tools to its ecosystem. Users can now interact with a functioning block explorer, build and deploy custom tokens and NFTs, and test early dApps in a live environment. These capabilities aren’t speculative; they are accessible and in use. The infrastructure is being built in real time, supported by a growing user base and a clear product strategy.

與多年來保留在計劃階段的許多第1層項目不同，BlockDag已將真正的工具引入了其生態系統。用戶現在可以與功能的塊Explorer進行交互，構建和部署自定義令牌和NFT，並在實時環境中測試早期DAPP。這些功能不是投機性的；它們可訪問和使用。基礎架構是由不斷增長的用戶群和明確的產品策略的支持的實時構建的。

This progress isn’t limited to technology. Financial momentum is equally impressive. BlockDAG has reportedly raised $210 million during its presale, with over 19 billion BDAG coins sold and strong participation across 27 funding batches. The current coin price is $0.0248, and exchange listings across 10+ platforms are already being prepared ahead of the mainnet launch.

這個進度不僅限於技術。財務勢頭同樣令人印象深刻。據報導，Blockdag在預售期間已籌集了2.1億美元，其中超過190億個BDAG硬幣在27批資金批處理中進行了強勁的參與。當前的硬幣價格為$ 0.0248，在Mainnet發布之前，已經準備好了10多個平台的交換清單。

What makes BlockDAG stand out is its ability to execute across multiple fronts—technology, community growth, and market readiness—all before entering the public trading arena. While other projects are still hyping up their concepts, BlockDAG is silently building infrastructure and rolling out usable products. This combination of early usability, measurable traction, and strong funding signals a project not just ready for 2025, but actively shaping it.

使BlockDag脫穎而出的是，它在進入公共交易領域之前都可以在多個方面（技術，社區成長和市場準備就緒）執行。儘管其他項目仍在大肆宣傳其概念，但BlockDag正在默默地建立基礎設施並推出可用產品。早期的可用性，可衡量的牽引力和強勁的資金結合，這是一個項目，不僅準備了2025年，而且會積極塑造它。

As crypto projects continue to be scrutinized for transparency and output, BlockDAG appears to be focused on both. With its testnet live and user community steadily expanding, BlockDAG is moving with an

隨著加密項目的透明度和輸出繼續進行審查，BlockDag似乎專注於兩者。隨著其TestNet Live和用戶社區的穩步擴展，BlockDag正在隨著