一切抽水的時代可能已經結束。這是一個選擇性的季節 - 大多數Altcoins不會做到。

經過多年的整體市場集會，幾乎每個山寨幣都飆升的時間可能已經結束。這個市場清除可能導致大多數山寨幣的滅絕。

The cryptocurrency market is undergoing a significant transformation in 2025, deviating from the prior periods of massive growth. After several years of overall market rallies, where almost every altcoin experienced a surge, that time may be coming to an end.

加密貨幣市場在2025年正在發生重大的轉變，偏離了前面的大規模增長時期。經過幾年的整體市場集會，幾乎每個山寨幣都經歷了激增，那個時候可能即將結束。

Industry experts, such as Ki Young Ju, CEO of CryptoQuant, predict that most altcoins could disappear in the coming months. To survive, they will need to demonstrate financial soundness and secure backing from institutional investors.

CryptoQuant首席執行官Ki Young Ju等行業專家預測，大多數Altcoins可能會在未來幾個月內消失。為了生存，他們將需要展示財務狀況並獲得機構投資者的支持。

In the current market situation, this factor will largely determine which projects thrive and which fade away.

在當前的市場情況下，這一因素將在很大程度上確定哪個項目蓬勃發展並逐漸消失。

In 2025, several altcoins are likely to outperform due to:

在2025年，由於：

1. Potential ETF approvals

1。潛在的ETF批准

2. Sustainable attention drivers

2。可持續的關注驅動力

3. Revenue-generating projectsThe era of everything pumping is over. It’s a selective altseason — most altcoins won’t make it.

3。產生收入的項目，一切抽水的時代已經結束。這是一個選擇性的季節 - 大多數Altcoins不會做到。

Altcoins Likely to Outperform in 2025:1. Potential ETF Approvals

山寨幣在2025年的表現可能勝過：1。潛在的ETF批准

2. Sustainable Attention Drivers

2。可持續的關注驅動力

3. Revenue-Generating ProjectsThe era of everything pumping is over. It's a selective altseason — most altcoins won't make it.

3。產生收入的項目，一切抽水的時代已經結束。這是一個選擇性的季節 - 大多數Altcoins不會做到。

We are now entering what some analysts term a “purge” phase.

現在，我們正在輸入某些分析師稱為“清除”階段的內容。

The crypto market is seeing a correction that is liquidating an excess of leveraged positions. About 24% of the 200 largest cryptocurrencies have just reached their lowest prices of the year, showcasing that the bubble of risky growth is shrinking.

加密市場正在看到一種校正，該更正正在清算過多的槓杆位置。在200個最大的加密貨幣中，約有24％達到了一年中最低的價格，這表明風險增長的泡沫正在減少。

This time might be a chance for investors to buy back into cryptocurrencies at lower prices. However, it could also be a sign that the market is beginning to distinguish between strong projects and those with a lower chance of success.

這次可能是投資者以較低的價格重新購買加密貨幣的機會。但是，這也可能表明市場開始區分強大的項目和成功機會較低的項目。

During this market shake-up, a few altcoins are primed to benefit from emerging opportunities, especially crypto exchange-traded funds (ETFs). Seven major cryptocurrencies are awaiting approval from U.S. regulators for ETF listings:

在這個市場變化期間，一些山寨幣將受益於新興機會，尤其是加密交易所交易的資金（ETF）。七個主要的加密貨幣正在等待美國監管機構的ETF列表的批准：

If their requests are approved, these assets could attract massive institutional investment, providing them with a much-needed boost.

如果他們的要求獲得批准，這些資產可能會吸引大量的機構投資，從而為他們提供了急需的提升。

However, ETF approval is just one aspect. The underlying strength of each project and user engagement will be crucial in determining which cryptocurrencies can sustain relevance.

但是，ETF批准只是一個方面。每個項目和用戶參與的基本優勢對於確定哪些加密貨幣可以維持相關性至關重要。