出售這些加密貨幣：市場不確定性中的專家分析

儘管最近出現了比特幣減半和潛在的以太坊 ETF，但分析師仍建議出售某些加密貨幣，包括 Shiba Inu、ApeCoin 和比特幣黃金。 Shiba Inu 缺乏實用性和發展性，而 ApeCoin 則與不斷下滑的 NFT 市場有關。比特幣黃金受益於去中心化挖礦，但與比特幣密切相關，使得直接投資比特幣或以太坊更具優勢。

Cryptos to Sell: A Comprehensive Analysis Amid Market Uncertainty

待售加密貨幣：市場不確定性下的綜合分析

Despite the highly anticipated fourth Bitcoin (BTC) halving and the impending approval of Ethereum (ETH) exchange-traded funds (ETFs), the cryptocurrency market continues to face headwinds that warrant attention. In this comprehensive analysis, we delve into the reasons why certain cryptocurrencies should be considered for selling, offering investors a well-reasoned perspective on navigating the current market landscape.

儘管備受期待的比特幣（BTC）第四次減半以及以太坊（ETH）交易所交易基金（ETF）即將獲得批准，但加密貨幣市場仍面臨值得關注的阻力。在這份全面的分析中，我們深入探討了應考慮出售某些加密貨幣的原因，為投資者提供了駕馭當前市場格局的合理視角。

Bitcoin's Sluggish Performance and Regulatory Pressures

比特幣表現疲軟與監管壓力

Bitcoin, the industry bellwether, has underperformed expectations following its latest halving event on April 19, rising a mere 15% over a 14-day period. This lackluster performance underscores the challenges facing the cryptocurrency as it strives to achieve its ambitious price target of $1 million by 2024, as projected by Samson Mow, CSO of Blockstream and CEO of Pixelmatic.

比特幣作為行業領頭羊，在 4 月 19 日最近一次減半事件之後，表現不如預期，在 14 天內僅上漲了 15%。這種黯淡的表現凸顯了加密貨幣面臨的挑戰，因為它正努力實現 2024 年 100 萬美元的雄心勃勃的價格目標，正如 Blockstream 首席策略長兼 Pixelmatic 執行長 Samson Mow 所預測的那樣。

Regulatory pressure from bodies like the SEC remains a persistent concern. While the agency approved 11 spot Bitcoin ETFs in January, critics argue that its "regulation-by-enforcement" approach has hindered innovation in the industry. In 2023 alone, the SEC imposed fines totaling $2.89 billion on crypto companies, contributing to a worldwide crackdown that has resulted in penalties exceeding $5.8 billion.

來自美國證券交易委員會等機構的監管壓力仍然是一個持續存在的問題。儘管該機構在一月份批准了 11 隻現貨比特幣 ETF，但批評者認為其「執法監管」方式阻礙了行業創新。光是 2023 年，SEC 就對加密貨幣公司處以總額 28.9 億美元的罰款，在全球展開打擊，罰款金額超過 58 億美元。

Due to the recent split in the Bitcoin network, miners face increased stress as the halving has reduced their rewards from 6.25 to 3.125 bitcoins. This has prompted a selloff of their holdings, exerting downward pressure on BTC's price.

由於最近比特幣網路分裂，礦工們面臨越來越大的壓力，因為減半將他們的獎勵從 6.25 個比特幣減少到了 3.125 個比特幣。這促使他們拋售所持比特幣，對比特幣價格造成下行壓力。

Meme Coins and NFTs: Questionable Value and Volatility

Meme 幣和 NFT：值得懷疑的價值和波動性

Meme coins like Shiba Inu (SHIB) have gained popularity based on speculative hype rather than tangible utility or development roadmaps. Despite its impressive 186% increase in the past year, SHIB lacks the solid use cases of Bitcoin or the upcoming "Pectra" update in Q4 2024 that Ethereum is preparing for.

像柴犬（SHIB）這樣的迷因幣之所以受歡迎，是因為投機炒作，而不是有形的效用或開發路線圖。儘管 SHIB 在過去一年中增長了 186%，令人印象深刻，但它缺乏比特幣的可靠用例，也缺乏以太坊正在準備的 2024 年第四季度即將推出的「Pectra」更新。

ApeCoin (APE), a governance token associated with the Bored Ape Yacht Club and other NFT projects, has also witnessed significant declines recently, falling 63% in the span of one year. This decline is directly tied to the weakening NFT market, which has seen its volume drop by more than half since 2022.

ApeCoin（APE）是與 Bored Ape Yacht Club 和其他 NFT 項目相關的治理代幣，最近也出現了大幅下跌，一年內下跌了 63%。這種下降與 NFT 市場的疲軟直接相關，自 2022 年以來，該市場的交易量已下降了一半以上。

As privacy coins face heightened regulatory scrutiny around the world, investors should exercise caution when considering ApeCoin, given its connection to the NFT space. Binance's recent delisting of Monero (XMR), another privacy coin, serves as a reminder of the potential risks associated with these assets.

隨著隱私幣在世界各地面臨更嚴格的監管審查，考慮到 ApeCoin 與 NFT 領域的聯繫，投資者在考慮 ApeCoin 時應謹慎行事。幣安最近下架了另一種隱私幣門羅幣（XMR），提醒人們注意與這些資產相關的潛在風險。

Diversifying Portfolio: Prioritizing Direct Investments

投資組合多元化：優先考慮直接投資

Instead of investing in derivatives or secondary assets, allocating capital directly to established cryptocurrencies like Bitcoin and Ethereum offers a more prudent approach. Bitcoin's forthcoming halving and the anticipated approval of Ethereum ETFs present potential catalysts for growth in these two dominant cryptocurrencies.

與投資衍生性商品或二級資產不同，將資本直接分配給比特幣和以太幣等成熟的加密貨幣提供了更謹慎的方法。比特幣即將減半以及以太坊 ETF 的預期批准為這兩種主要加密貨幣的成長提供了潛在的催化劑。

By comparison, cryptos that closely follow the performance of Bitcoin, such as Bitcoin Gold (BTG), may not offer significant advantages. The possible approval of Ethereum ETFs would likely lead to a corresponding increase in Bitcoin's price, making a direct investment in Bitcoin a more advantageous strategy.

相較之下，緊接著比特幣表現的加密貨幣，例如比特幣黃金（BTG），可能不會提供顯著的優勢。以太坊 ETF 的可能批准可能會導致比特幣價格相應上漲，從而使直接投資比特幣成為更有利的策略。

Conclusion: A Call for Prudent Decision-Making

結論：呼籲謹慎決策

The current market environment demands a discerning approach to cryptocurrency investments. While certain cryptos may have enjoyed temporary gains, their lack of utility or exposure to volatile sectors like NFTs poses significant risks for long-term investors. By carefully evaluating the factors discussed in this analysis, investors can make informed decisions and navigate the complexities of the cryptocurrency market with greater confidence.

目前的市場環境需要對加密貨幣投資採取敏銳的方法。雖然某些加密貨幣可能獲得了暫時的收益，但它們缺乏實用性或對 NFT 等波動性行業的曝險給長期投資者帶來了重大風險。透過仔細評估本分析中討論的因素，投資者可以做出明智的決策，並更有信心地應對加密貨幣市場的複雜性。