比特币的暴跌：投机性加密货币的警示故事

最近比特币价格的下跌让人们对三种投机性加密货币的前景产生了怀疑：Toncoin、Stacks 和 Dogwifhat。尽管 Toncoin 与 Telegram 有关联，但它的市值很高，但其实用性可能无法证明其合理性。 Stacks 虽然提供智能合约功能，但最近经历了亏损，并面临对其潜力的怀疑。 Dogwifhat 是一种模因币，缺乏潜在实用性，主要由投机驱动。

Bitcoin's Tumble: A Warning for Speculative Cryptocurrencies

比特币暴跌：对投机性加密货币的警告

The recent plunge in Bitcoin (BTC-USD) has cast a shadow over the cryptocurrency market, raising concerns about the viability of speculative digital assets. As Barron's succinctly stated in its May 1 headline, "Bitcoin Plunges. Here's Why and How Far Prices Could Fall."

最近比特币（BTC-USD）的暴跌给加密货币市场蒙上了阴影，引发了人们对投机性数字资产生存能力的担忧。正如《巴伦周刊》在 5 月 1 日的标题中简洁指出的那样，“比特币暴跌。这就是价格可能下跌的原因和幅度。”

Alex Kuptsikevich, an analyst at broker FxPro, commented that technical analysis suggests further downside targets of $55,700 (61.8% Fibonacci retracement of the rise since October) and the $51,000 to $52,000 area (late January consolidation area).

经纪商FxPro分析师Alex Kuptsikevich评论道，技术分析表明进一步下行目标为55,700美元（自10月以来上涨的61.8%斐波那契回撤位）和51,000美元至52,000美元区域（1月底盘整区域）。

Bitcoin's dominance as the gold standard of cryptocurrencies has been challenged by a proliferation of imposters. Peter Brandt, the founder of Factor LLC, who accurately predicted Bitcoin's 2018 correction, now foresees a drop to the mid-$30,000 range. This raises the question: if Bitcoin, the industry leader, faces such challenges, what fate awaits these speculative alternatives? Investors are advised to exercise caution and consider selling these high-risk cryptocurrencies.

比特币作为加密货币黄金标准的主导地位受到了冒名顶替者激增的挑战。 Factor LLC 创始人 Peter Brandt 准确预测了比特币 2018 年的回调，现在预计比特币价格将跌至 30,000 美元中间区间。这就提出了一个问题：如果行业领导者比特币面临这样的挑战，那么这些投机性替代品的命运又会如何呢？建议投资者谨慎行事并考虑出售这些高风险的加密货币。

Toncoin (TON)

东币 (TON)

Toncoin (TON-USD), once a relatively obscure cryptocurrency, has surged to the ninth-largest position with a market capitalization of $19 billion. This remarkable growth has been attributed to Telegram's adoption of Toncoin as a payment method for its ad platform.

曾经相对默默无闻的加密货币 Toncoin (TON-USD) 已以 190 亿美元的市值飙升至第九大位置。这一显着的增长归功于 Telegram 采用 Toncoin 作为其广告平台的支付方式。

While Telegram's massive user base of over 900 million could potentially benefit from this partnership, the justification for Toncoin's $19 billion valuation remains questionable. Utility is essential for sustainable appreciation in cryptocurrencies, and it is unclear how Toncoin's value proposition justifies its current market capitalization. Investors are urged to approach Toncoin with caution until the Telegram partnership proves to be a catalyst for growth.

尽管 Telegram 超过 9 亿的庞大用户群可能会从此次合作中受益，但 Toncoin 190 亿美元估值的合理性仍然值得怀疑。实用性对于加密货币的可持续升值至关重要，目前尚不清楚 Toncoin 的价值主张如何证明其当前市值的合理性。敦促投资者谨慎对待 Toncoin，直到 Telegram 合作伙伴关系被证明能成为增长的催化剂。

Stacks (STX)

堆栈 (STX)

Stacks (STX-USD), ranked 35th among cryptocurrencies, has gained 179% over the past year. However, recent volatility has resulted in a 17% decline in the past seven days, outpacing Bitcoin's losses.

Stacks（STX-USD）在加密货币中排名第 35 位，过去一年上涨了 179%。然而，最近的波动导致过去 7 天内下跌 17%，超过了比特币的跌幅。

Supporters of Stacks, such as Motley Fool contributor RJ Fulton, have made substantial gains but acknowledge the speculative nature of the investment. Fulton credits Stacks' smart contract functionality and the potential impact of its Nakamoto release, which aims to unlock dormant Bitcoin capital. While these concepts offer promise, investors should be wary of overly optimistic projections.

Stacks 的支持者，例如《Motley Fool》撰稿人 RJ Fulton，已经获得了可观的收益，但也承认这项投资的投机性质。富尔顿称赞 Stacks 的智能合约功能及其中本聪发布的潜在影响，该发布旨在释放休眠的比特币资本。虽然这些概念带来了希望，但投资者应该警惕过于乐观的预测。

Dogwifhat (WIF)

多维哈特 (WIF)

Further down the crypto rankings, Dogwifhat (WIF-USD) has captured attention as a meme coin, currently holding the fourth-largest position in this niche. Inspired by Dogecoin, WIF lacks a tangible underlying utility and derives its value solely from speculation.

在加密货币排名中，Dogwifhat（WIF-USD）作为模因币引起了人们的关注，目前在该领域排名第四。受狗狗币的启发，WIF 缺乏有形的基础效用，其价值仅来自投机。

Crypto news source Unchained.com warns investors that Dogwifhat lacks fundamental value and is susceptible to market manipulation. Rational investors are advised to avoid highly speculative meme coins like Dogwifhat.

加密货币新闻来源 Unchained.com 警告投资者，Dogwifhat 缺乏基本价值，并且容易受到市场操纵。建议理性投资者避免像 Dogwifhat 这样具有高度投机性的模因币。

InvestorPlace's Crypto Commentary Policy

InvestorPlace 的加密货币评论政策

InvestorPlace does not regularly publish commentary on cryptocurrencies with market capitalizations below $100 million or daily trading volumes below $100,000. These "penny cryptos" often attract fraudsters and manipulators. When addressing low-volume cryptocurrencies, InvestorPlace writers are required to disclose this fact and alert readers to the potential risks.

InvestorPlace 不会定期发布对市值低于 1 亿美元或日交易量低于 10 万美元的加密货币的评论。这些“便士加密货币”经常吸引欺诈者和操纵者。在处理小批量加密货币时，InvestorPlace 作者必须披露这一事实并提醒读者潜在的风险。

Disclaimer

免责声明

As of the date of publication, Will Ashworth did not hold any positions in the aforementioned securities. The opinions expressed are solely those of the author and do not reflect the views of InvestorPlace.com or its publishing guidelines.

截至发布之日，Will Ashworth 未持有上述证券的任何头寸。所表达的观点仅代表作者的观点，并不反映 InvestorPlace.com 或其发布指南的观点。