Meme Coin 狂熱在投機狂潮中席捲加密貨幣市場

模因幣受歡迎程度的激增表明散戶對加密貨幣市場的參與度增加。雖然一些觀察家認為這反映了類似賭場的投機氛圍，但其他人則認為這可能預示著更廣泛的牛市。代幣價值正在飆升，像dogwifhat這樣的不起眼的代幣的市值超過了成熟的項目。儘管有這種炒作，但有些人仍然持懷疑態度，他們指出中心化交易所的零售交易活動有限，而迷因幣交易則集中在去中心化交易所。

Meme Coin Frenzy Grips Crypto Market as Speculation Surges

隨著投機激增，Meme 幣狂熱席捲了加密貨幣市場

In a recent surge of activity, meme coins, digital currencies with seemingly little intrinsic value, have dominated the cryptocurrency social media landscape. This phenomenon has drawn the attention of industry observers, who believe it signals the arrival of retail investors and the onset of a bull market.

在最近的活動激增中，迷因幣（看似內在價值不大的數位貨幣）主導了加密貨幣社群媒體格局。這一現象引起了行業觀察人士的關注，他們認為這標誌著散戶的到來和牛市的開始。

"Meme coins are a clear indicator of retail participation in the market," said industry analyst "L" to their 46,000 Twitter followers. "It's obvious to anyone who has been in the industry for a while that we are now in a bull market."

「Meme 幣是散戶參與市場的明確指標，」產業分析師「L」對其 46,000 名 Twitter 粉絲說道。 “對於任何在這個行業工作了一段時間的人來說，很明顯我們現在正處於牛市。”

The rise of meme coins has been swift and dramatic. In 2023, the total market capitalization of meme coins stood at just $2 billion. Today, it has skyrocketed to over $70 billion, with daily trading volume exceeding $7 billion.

模因幣的崛起迅速且引人注目。 2023 年，meme 幣的總市值僅 20 億美元。如今，它已飆升至超過 700 億美元，每日交易量超過 70 億美元。

Some market participants remain skeptical, however. Ethereum educator Anthony Sassano, who has been involved in the cryptocurrency industry for over a decade, expressed doubts about the current market rally. "I can say with full confidence that this is, by far, the weirdest bull market crypto has ever had," he tweeted.

然而，一些市場參與者仍持懷疑態度。從事加密貨幣行業十多年的以太坊教育家安東尼·薩薩諾（Anthony Sassano）對當前的市場反彈表示懷疑。他在推特上寫道：“我可以充滿信心地說，這是迄今為止加密貨幣有史以來最奇怪的牛市。”

Sassano believes that the four-year cycle, which has historically marked major price movements in the cryptocurrency market, may be "dead." He also noted that fundamental-based trading, where investors value cryptocurrencies based on their underlying technology and utility, appears to be less significant in the current market environment.

薩薩諾認為，歷史上標誌著加密貨幣市場主要價格波動的四年周期可能已經「死亡」。他還指出，基於基本面的交易，即投資者根據其基礎技術和實用性來評估加密貨幣，在當前的市場環境中似乎不太重要。

"I won't really believe that 'retail' is here in any meaningful way until we see the entire market going up together, not these isolated 'sector-specific' pumps that are very obviously pushed by crypto natives," Sassano said.

薩薩諾說：“在我們看到整個市場一起上漲之前，我不會真正相信'零售'會以任何有意義的方式出現，而不是這些明顯由加密貨幣本地人推動的孤立的'特定行業'上漲。”

Despite these concerns, the meme coin madness shows no signs of abating. Dogwifhat (WIF), an obscure token that emerged from nowhere, has surged to a market capitalization of $4.4 billion, surpassing established projects such as Arbitrum, Immutable, and Cronos.

儘管存在這些擔憂，但模因幣的瘋狂並沒有顯示出減弱的跡象。 Dogwifhat（WIF）是一個不知從何而來的默默無聞的代幣，其市值已飆升至 44 億美元，超過了 Arbitrum、Immutable 和 Cronos 等成熟項目。

Even Dogecoin, the original meme coin, has experienced a significant rally, with its market cap now tripling that of Chainlink. Shiba Inu, another meme coin, has doubled the market cap of Polygon.

甚至狗狗幣（最初的迷因幣）也經歷了大幅上漲，其市值現在是 Chainlink 的三倍。另一種模因幣 Shiba Inu 已使 Polygon 的市值翻了一番。

BitMEX co-founder Arthur Hayes has cautioned investors against dismissing meme coins too quickly. "If [meme coins] bring attention and more engineers to the space, it's a positive value for the chain itself," he said.

BitMEX 聯合創始人 Arthur Hayes 警告投資者不要太快拋棄迷因幣。 「如果 [meme 幣] 為該領域帶來關注和更多工程師，這對連鎖店本身來說是一個積極的價值，」他說。

While meme coin speculation has fueled market activity, it has also raised concerns about the potential risks. Some analysts believe that the focus on meme coins, which have minimal utility and are prone to sharp price fluctuations, could divert attention from more promising projects with solid fundamentals.

雖然模因幣投機刺激了市場活動，但也引發了人們對潛在風險的擔憂。一些分析師認為，對迷因幣的關注可能會轉移人們對基本面堅實、更有前途的項目的注意力，因為迷因幣的效用很小，而且價格容易出現劇烈波動。

Moreover, many of the obscure meme coins are only traded on decentralized exchanges, which are not accessible to the average retail trader. This suggests that the current meme coin craze may be largely driven by crypto enthusiasts rather than mainstream investors.

此外，許多不起眼的模因幣僅在去中心化交易所進行交易，普通零售交易者無法訪問這些交易所。這表明當前的模因幣熱潮可能主要是由加密貨幣愛好者而不是主流投資者推動的。

As the meme coin frenzy continues, it remains to be seen whether it is a sustainable long-term trend or a short-lived speculative bubble. However, one thing is clear: the current market rally is unlike any other in cryptocurrency history, and it has the potential to both attract new investors and disrupt the established crypto landscape.

隨著迷因幣狂潮的持續，它是可持續的長期趨勢還是短暫的投機泡沫仍有待觀察。然而，有一點是明確的：當前的市場反彈與加密貨幣歷史上的任何其他市場反彈不同，它有可能吸引新投資者並擾亂現有的加密貨幣格局。