Vechain（VET）在我們2025年表現最差的山寨幣中排名第七

我們最近在2025年彙編了10個表現最差的Altcoins的列表。在本文中，我們將探討Vechain（VET）與其他Altcoins的立場。

The broader cryptocurrency market is facing near-term downside risks. Those are sentiments echoed by analysts at JPMorgan amid growing concerns that weakening demand and slowing momentum will trigger a significant pullback. The sentiments come on the heels of flagship cryptocurrency Bitcoin, pulling back by about 10% from all-time highs.

更廣泛的加密貨幣市場正面臨近期下行風險。這些情緒是由摩根大通（JPMorgan）的分析師回應的，因為人們越來越擔心需求減弱和勢頭放緩將引起重大回調。情緒緊隨旗艦加密貨幣比特幣的高跟鞋，從歷史最高的高點中撤退了約10％。

After reaching record highs of $3.72 trillion in market cap late last year, the broader cryptocurrency market has pulled back by about 15%. According to JPMorgan analysts, the pullback signals a significant decline in investor confidence.

在去年年底達到了創紀錄的3.72萬億美元市值之後，更廣泛的加密貨幣市場已撤回約15％。根據摩根大通（JPMorgan）分析師的說法，回調信號標誌著投資者的信心大幅下降。

“The correction over the past couple of months saw both bitcoin and ethereum futures approaching backwardation. This is a negative development and indicative of demand weakness by those institutional investors that use regulated CME futures contracts to gain exposure into these two cryptocurrencies,” JPMorgan wrote in a research note.

“在過去的幾個月中，比特幣和以太坊期貨都接近落後。這是一個負面發展，表明了那些使用受監管的CME期貨合約來獲得這兩種加密貨幣的機構投資者的需求疲軟。”摩根大通在一份研究報告中寫道。

One of the reasons fueling the weakening demand in the crypto market is the lack of short-term catalysts needed to push prices higher. JPMorgan, in a research note to investors, notes that institutional investors have been taking profits in the aftermath of cryptocurrencies rallying to record highs following the reelection of Donald Trump as the US president.

加密市場需求減弱的原因之一是缺乏提高價格所需的短期催化劑。摩根大通在對投資者的研究票據中指出，在加密貨幣集會之後，機構投資者一直在獲利，以記錄唐納德·特朗普（Donald Trump）擔任美國總統之後的高潮。

While there are growing expectations that the new US administration will pass positive regulations that foster the nascent industry’s growth, most are only expected in the second half of the year.

儘管越來越多的期望，即新的美國政府將通過積極的法規來促進新生產業的增長，但大多數僅在下半年才預計。

“As we argued in our recent publication, crypto initiatives by the new US administration are more likely to take place in the second half of the year. Until then, weakening demand poses downside risk to crypto markets,” stated JPMorgan.

“正如我們在最近的出版物中所說的那樣，新美國政府的加密計劃在下半年更有可能發生。在此之前，削弱需求對加密貨幣市場構成下行風險。”摩根大通說。

According to JPMorgan analysts, the lack of fresh catalysts in the short term could trigger further downside pressure in the crypto markets. After Federal Reserve Chair Jerome Powell issued an inflation warning on December 18, the post-election cryptocurrency rally faded into the end of 2024. Bitcoin saw even more severe losses as investors dumped growth-oriented risk assets due to a spike in bond yields.

根據摩根大通分析師的說法，短期內缺乏新鮮催化劑可能會引發加密貨幣市場的進一步下行壓力。聯邦儲備主席杰羅姆·鮑威爾（Jerome Powell）於12月18日發布通貨膨脹警告後，大選後加密貨幣集會逐漸消失到2024年底。由於債券收益率上升，投資者傾倒了面向增長的風險資產，比特幣更加嚴重損失。

Stock market strategist and head of research at Fundstrat Global Advisors Tom Lee believes Bitcoin will be one of the best-performing asset classes in 2025 despite the recent deep pullback.

股票市場策略師兼FundStrat全球顧問研究主管Tom Lee認為，儘管最近有深刻的回調，但比特幣將是2025年表現最好的資產類別之一。

“But I think that there is still an argument that in the short term bitcoin is a risk-on asset so as the market liquidates, which happened over the weekend, bitcoin takes a hit so I’d say February is not looking great for bitcoin in the near term ” Lee said

“但是我認為仍然有一個論點是，在短期內比特幣是一種風險的資產，所以在周末發生的市場上，比特幣受到了打擊，所以我說2月對於比特幣來說並不好在短期內，”李說

Lee believes Bitcoin could drop to $70,000 before rebounding. Current levels are “probably not the floor for this month so it could visit much lower levels, even 70, but of course that’ll end up being a buying opportunity,” said Lee.

李認為比特幣在籃板之前可能會降至70,000美元。李說，目前的水平“可能不是本月的地板，因此它可能會訪問更低的水平，甚至70個，但當然，這最終會成為購買機會。”

Our Methodology

我們的方法論

To make the 10 worst performing Altcoins in 2015, we scanned the cryptocurrency market, focusing on the top 100 alternative coins by market cap. We then trimmed the list and focused on the top ten coins that have shed significant market value year to date. Finally, we ranked them in ascending order based on the percentage loss that the alternative coins have incurred year to C

為了使2015年表現最差的山寨幣表現最差，我們掃描了加密貨幣市場，重點是市場上限的前100個替代硬幣。然後，我們修剪了清單，並專注於迄今為止迄今為止散發出大量市場價值的前十枚硬幣。最後，我們根據替代硬幣已經產生了年份的百分比損失的百分比損失對它們進行了排名。