加密貨幣之夏即將到來：專家預測山寨幣將激增，而 Solana 將表現出色

由於宏觀經濟壓力以及最近在香港推出比特幣和以太幣 ETF，加密貨幣市場持續下跌。儘管市場情緒悲觀，但專家們仍然保持樂觀，拉烏爾·帕爾(Raoul Pal) 預測，在即將到來的「加密貨幣夏季」期間，與人工智慧(AI) 和代幣化現實世界資產(RWA ) 相關的山寨幣將會激增。 Pal 認為 Solana (SOL) 將超越比特幣 (BTC) 和以太坊 (ETH)，而 ETH 將超過 BTC。

Cryptocurrency Market Poised for Potential Growth Despite Current Downturn

儘管當前低迷，加密貨幣市場仍有望實現潛在成長

As macroeconomic headwinds continue to weigh heavily on the global financial markets, the cryptocurrency industry finds itself navigating another period of volatility. The recent launch of spot Bitcoin and Ethereum ETFs in Hong Kong failed to provide much-needed respite, as the market continued its downward trajectory. However, amidst the current market turbulence, some industry experts are looking beyond the immediate challenges and envisioning potential opportunities in the horizon.

隨著宏觀經濟逆風持續嚴重影響全球金融市場，加密貨幣產業發現自己正在經歷另一個波動時期。隨著市場繼續下行，最近在香港推出的現貨比特幣和以太坊 ETF 未能提供急需的喘息機會。然而，在當前的市場動盪中，一些行業專家的目光超越了眼前的挑戰，並展望了未來的潛在機會。

Macro Guru Raoul Pal: Altcoins Poised for Parabolic Rally

宏觀大師 Raoul Pal：山寨幣有望迎來拋物線反彈

Renowned macroeconomist and former Goldman Sachs executive, Raoul Pal, has shared his optimistic outlook for the cryptocurrency market. Pal believes that two specific subsectors within the altcoin space could experience parabolic growth as the market enters its next bull phase, dubbed "crypto summer."

著名宏觀經濟學家、高盛前高管 Raoul Pal 分享了他對加密貨幣市場的樂觀前景。帕爾認為，隨著市場進入下一個牛市階段（稱為「加密貨幣夏季」），山寨幣領域的兩個特定子行業可能會經歷拋物線成長。

AI and Tokenized Real-World Assets: The Emerging Stars

人工智慧和代幣化現實世界資產：新星

Pal identified artificial intelligence (AI) and tokenized real-world assets (RWA) as the two altcoin subsectors with the highest potential for exponential growth during the crypto summer. AI-related projects and tokenized assets, which represent physical assets such as real estate and commodities, are expected to witness significant adoption and demand.

Pal 認為人工智慧（AI）和代幣化現實世界資產（RWA）是加密貨幣夏季期間指數成長潛力最大的兩個山寨幣子產業。人工智慧相關項目和代幣化資產（代表房地產和大宗商品等實體資產）預計將得到大量採用和需求。

"Crypto summer and fall will be confusing," Pal cautioned in a message to his social media followers, "because everything will have a narrative and get caught up in the euphoria. This is when the price of meme coins gets really stupid, when unproven narratives like AI and RWA go to stupid valuations."

「加密貨幣的夏天和秋天將會令人困惑，」帕爾在給他的社交媒體粉絲的一條消息中警告說，「因為一切都會有一個敘述並陷入興奮之中。當模因幣的價格未經證實時，這時候就會變得非常愚蠢。

Solana to Outperform Ethereum and Bitcoin

Solana 的表現將超越以太坊和比特幣

In addition to identifying AI and RWA as potential growth areas, Pal also predicted that Solana (SOL) would outperform both Ethereum (ETH) and Bitcoin (BTC) during the crypto summer. Solana, a high-speed blockchain platform, has gained considerable traction in recent months due to its scalability and low transaction fees.

除了將人工智慧和 RWA 視為潛在成長領域外，Pal 還預測 Solana (SOL) 在加密貨幣夏季期間的表現將優於以太坊 (ETH) 和比特幣 (BTC)。 Solana 是一個高速區塊鏈平台，由於其可擴展性和低交易費用，近幾個月來獲得了相當大的關注。

"Crypto summer is usually the start of the altcoin season, which is full 'bubble-tastic' in the fall," Pal said. "This is when ETH bottoms out and starts to outperform BTC. This is when SOL starts to outperform BTC and ETH."

「加密貨幣夏季通常是山寨幣季節的開始，秋季充滿『泡沫』，」帕爾說。 “這是 ETH 觸底並開始跑贏 BTC 的時候。這是 SOL 開始跑贏 BTC 和 ETH 的時候。”

Caution Amidst Optimism

樂觀中謹慎

While Pal remains bullish on the long-term prospects of the cryptocurrency market, he urges investors to exercise caution as the path to all-time highs is unlikely to be linear. "We will also see two or more bad corrections due to excessive leverage," he warned. "The banana zone is coming."

儘管帕爾仍然看好加密貨幣市場的長期前景，但他敦促投資者保持謹慎，因為通往歷史高點的道路不太可能是線性的。 「由於槓桿過高，我們還將看到兩次或兩次以上的糟糕調整，」他警告。 “香蕉區來了。”

The banana zone, as Pal describes it, is a period characterized by parabolic rallies and subsequent sharp corrections, akin to the cyclical nature of a banana's growth and decay. Investors are advised to manage their risk exposure and prepare for potential market volatility.

正如帕爾所描述的，香蕉區是一個以拋物線反彈和隨後的急劇修正為特徵的時期，類似於香蕉生長和腐爛的周期性。建議投資者管理風險敞口並為潛在的市場波動做好準備。

Conclusion

結論

Despite the current market downturn, the cryptocurrency industry continues to evolve and present potential opportunities for investors. Altcoins related to artificial intelligence and tokenized real-world assets are emerging as potential growth drivers, and Solana is expected to gain prominence within the altcoin landscape. However, investors are cautioned to approach the market with appropriate risk management strategies and a long-term perspective.

儘管當前市場低迷，但加密貨幣行業仍在不斷發展，並為投資者提供了潛在的機會。與人工智慧和代幣化現實世界資產相關的山寨幣正在成為潛在的成長動力，而 Solana 預計將在山寨幣領域佔據主導地位。然而，投資者應以適當的風險管理策略和長遠眼光進入市場。