隨著加密貨幣市場反彈，Solana、Cardano 和 Aptos 新年伊始均實現穩健收益

今天股市波動較大，三大股指在早盤大幅上漲後收盤走低。然而，對於大多數頂級加密項目來說，這是開啟今年第一個「正式」交易日的好日子（儘管加密市場昨天開放，因為它是 24/7 市場）。

Major stock indices closed lower on Friday to kick off the first "official" trading day of 2023 (although markets were open on Monday and Tuesday of this week). However, most top-tier crypto projects had a solid day to start the year.

主要股指週五收低，拉開了 2023 年第一個「正式」交易日的序幕（儘管本週一和週二市場開市）。然而，大多數頂級加密貨幣項目在今年伊始都有不錯的表現。

Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Aptos (CRYPTO: APT) all saw gains on Friday, with these three tokens appreciating 5.9%, 4.4%, and 3.1%, respectively, over the past 24 hours as of 3:30 p.m. ET.

Solana (CRYPTO: SOL)、Cardano (CRYPTO: ADA) 和 Aptos (CRYPTO: APT) 週五均出現上漲，這三種代幣在過去 24 小時內分別升值 5.9%、4.4% 和 3.1%，美國東部時間下午3 :30。

Here's what could be driving these gains and why investors may want to watch these three projects closely moving forward.

以下是推動這些收益的因素以及投資者可能希望密切關注這三個項目進展的原因。

Solana, Cardano, Aptos: What's driving these gains? A continued surge in the price of Bitcoin and Ethereum can explain some of the movement in other large-cap crypto projects such as these. But there are some other unique catalysts that may be worth diving into.

Solana、Cardano、Aptos：是什麼推動了這些收益？比特幣和以太幣價格的持續飆升可以解釋其他大型加密貨幣項目的一些變化。但還有一些其他獨特的催化劑可能值得深入研究。

Let's quickly break down why these top tokens are on a tear today.

讓我們快速分析為什麼這些頂級代幣今天會如此火爆。

Solana, Cardano, Aptos: Key catalysts to watch Given the sheer size of these three projects (with Solana, Cardano, and Aptos having market capitalizations of roughly $100 billion, $34 billion, and $5 billion, respectively), expectations that spot exchange-traded funds (ETFs) could be launched and approved by the Securities and Exchange Commission (SEC) is one key catalyst investors are watching. In the case of Solana, Grayscale's Solana ETF application currently has a deadline of Jan. 23 to be reviewed by the SEC, with a decision expected shortly thereafter. The betting markets (and most experts) expect this ETF will be approved, paving the way for a spot Cardano ETF and potentially an Aptos product down the road (we'll see).

Solana、Cardano、Aptos：值得關注的關鍵催化劑 鑑於這三個項目的龐大規模（Solana、Cardano 和 Aptos 的市值分別約為 1000 億美元、340 億美元和 50 億美元），現貨交易所交易的預期基金（ETF）的推出並獲得美國證券交易委員會（SEC）的批准是投資者關注的關鍵催化劑之一。就 Solana 而言，Grayscale 的 Solana ETF 申請目前由 SEC 審查的截止日期為 1 月 23 日，預計不久後就會做出決定。博彩市場（和大多數專家）預計該 ETF 將獲得批准，為卡爾達諾 ETF 現貨以及未來可能的 Aptos 產品鋪平道路（我們拭目以待）。

Cardano is an interesting project in that it appears to be an investment vehicle many view as a play on broader blockchain adoption. The key selling point behind Cardano is that it's an interoperable blockchain, meaning it can interact with other blockchain projects out there. So, as more smart contract activity and Bitcoin layer-2 solutions are launched, the thesis is that this particular network could take off. Thus far, based on its price action, sentiment remains very bullish with regard to this project's forward prospects.

卡爾達諾是一個有趣的項目，因為它似乎是一種投資工具，許多人認為這是對更廣泛的區塊鏈採用的一種嘗試。卡爾達諾背後的關鍵賣點是它是一個可互通的區塊鏈，這意味著它可以與其他區塊鏈項目互動。因此，隨著更多智慧合約活動和比特幣第 2 層解決方案的推出，這個特定網路可能會起飛。到目前為止，根據其價格走勢，人們對該項目的前景仍然非常樂觀。

Aptos has continued to rise following the shocking news a couple of weeks ago that the project's co-founder Mo Shaikh would be stepping down (although he will retain a role as a strategic advisor). Investors appear to be keying in on strong usage data and are broadly taking the view that Aptos can be a beneficiary of the overall growth that's expected to be seen in the crypto sector in 2025 and beyond.

幾週前，該專案聯合創始人 Mo Shaikh 將辭職（儘管他將保留戰略顧問的職位）的令人震驚的消息傳出後，Aptos 的股價繼續上漲。投資者似乎關注強勁的使用數據，並普遍認為 Aptos 可以成為 2025 年及以後加密產業整體成長的受益者。

What will 2025 look like for these three projects? Aside from being some of the top large-cap crypto projects in this sector, these really are three very different projects with unique catalysts investors are focusing on right now. Accordingly, I think there's likely to be some divergence among these three tokens as investors pick winners in what will be an increasingly competitive space moving forward.

這三個項目到 2025 年會是什麼樣子？除了是該領域一些頂級的大型加密貨幣項目之外，這實際上是三個截然不同的項目，具有投資者目前關注的獨特催化劑。因此，我認為，隨著投資者在競爭日益激烈的領域中挑選贏家，這三種代幣之間可能會存在一些分歧。

That said, what is interesting is that liquidations data for all three projects have been significantly skewed toward short positions. This means that those betting against these cryptocurrencies continuing to rise are being forced out of their positions, essentially culminating in more buying pressure (sending prices of these tokens higher still). Thus, until momentum shifts, these are three top crypto projects traders and speculators may want to keep an eye on moving forward. For those with a longer-term time horizon, there are fundamental reasons to own these projects, and that's what makes them enticing options to at least keep on the watch list for now.

也就是說，有趣的是，所有三個項目的清算數據都顯著偏向空頭部位。這意味著那些押注這些加密貨幣繼續上漲的人將被迫平倉，最終導致更大的購買壓力（導致這些代幣的價格進一步走高）。因此，在勢頭轉變之前，交易者和投機者可能希望密切關注這三個頂級加密貨幣項目的進展。對於那些有較長時間視野的人來說，擁有這些項目有根本原因，這就是使它們成為至少目前保留在觀察名單上的誘人選擇的原因。