当加密货币市场进入重新注意和转移势头的阶段时，不同的项目正在争夺下一个周期

当加密货币市场进入重新注意和转移势头的阶段时，不同的项目正在争夺下一个周期

As the crypto market enters a phase of renewed attention and shifting momentum, different projects are vying to define the next cycle. Zcash is slowly reemerging, driven by a growing interest in privacy. Ethena’s ENA token is also capturing attention due to a major unlock event and its unique approach to digital savings. However, both projects face specific limitations that may impact their overall trajectory.

当加密市场进入重新注意和转移动力的阶段时，不同的项目正在争夺定义下一个周期。 Zcash正在缓慢地重新出现，这是对隐私兴趣日益兴趣的驱动。 Ethena的ENA令牌也因重大解锁活动及其独特的数字储蓄方法而引起人们的关注。但是，这两个项目都面临可能影响其整体轨迹的特定限制。

Zcash (ZEC) Shows Signs of Recovery—But Will Privacy Alone Drive Growth?

Zcash（ZEC）显示了恢复的迹象，但仅隐私会推动增长吗？

Zcash has been steadily regaining traction as the focus on privacy continues in the crypto sphere. Recently trading around $33, ZEC has seen a rebound from its lows, with some projections suggesting a rise to $39.66 by April. Longer-term predictions are even more bullish, forecasting potential highs of $183 by 2030, although the outcomes vary across different analyses.

Zcash一直在稳步重新获得关注，因为在加密球体中继续关注隐私。 ZEC最近交易约33美元，已经从其低谷中反弹了，一些预测表明到4月，它上升至39.66美元。长期的预测更加看涨，预测到2030年的潜在高度为183美元​​，尽管结果在不同的分析中有所不同。

What sets Zcash apart is its use of zero-knowledge proofs, which grant full transaction anonymity. Unlike most networks where addresses and amounts are visible by default, Zcash keeps this information hidden, rendering it untraceable. This core feature positions it uniquely in an increasingly transparent blockchain space.

设定Zcash的原因是它使用零知识证明，这授予了完整的交易匿名性。与大多数网络默认可见地址和金额的网络不同，Zcash将此信息隐藏起来，使其无法追踪。此核心特征将其独特地定位在越来越透明的区块链空间中。

Still, ZEC’s future is intrinsically tied to broader market demand for privacy and its ability to innovate. Without any major partnerships or feature rollouts in sight, recovery is expected to be gradual. While Zcash offers a distinct use case with its advanced technology, its long-term success depends on shifting user needs and sustained ecosystem development.

尽管如此，ZEC的未来与更广泛的隐私市场需求及其创新能力息息相关。没有任何主要的合作伙伴关系或特征推广，恢复有望逐步进行。尽管Zcash提供了与先进技术的独特用例，但其长期成功取决于用户需求的转移和持续的生态系统开发。

ENA Faces Crucial Moment as $3.29B Unlock Sparks Volatility

ENA面对关键时刻，$ 3.29B解锁火花波动

Ethena’s ENA token is also coming into the spotlight as a major unlock event approaches. Nearly 7.93 million ENA, valued at $3.29 billion, is set to be released, pushing ENA up 5% to $0.417 and increasing trading volume by over 17%.

当主要的解锁事件方法中，埃塞纳（Ethena）的ena代币也引起了人们的关注。近793万ENA（价值32.9亿美元）将发布，将ENA上升5％至0.417美元，并增加了17％以上的交易量。

While this specific token release is moderate, the concern arises from over 7.7 billion tokens—over 51% of the total supply—remaining locked. Of that, 25% is controlled by private entities, and 30% is allocated to the team and advisors. Such a high level of concentration introduces a significant risk factor for a token already sensitive to market fluctuations.

尽管此特定的代币发布是适度的，但关注的问题来自超过77亿个令牌（占总供应总额的51％），这些令牌已被锁定。其中，有25％由私人实体控制，30％分配给了团队和顾问。如此高的集中度引入了对市场波动敏感的令牌的重要危险因素。

Ethena promotes its “Internet Bond” to merge crypto and traditional savings, an initiative that could attract attention in the current macroeconomic climate. However, this next phase of development will test more than just ENA’s branding and marketing efforts. The coming unlock could either reinforce confidence in the project or trigger large-scale sell-offs.

Ethena将其“互联网纽带”提升为合并加密货币和传统储蓄，该倡议可以在当前的宏观经济气候中引起人们的关注。但是，下一阶段的发展不仅仅是ENA的品牌和营销工作。即将到来的解锁可能会增强对该项目的信心，也可以触发大规模抛售。

For short-term traders, ENA presents a promising opportunity as the increased attention and news coverage could lead to heightened volatility, especially with the major unlock on the horizon. However, it also means a period of increased unpredictability for those not used to rapid price swings.

对于短期交易者而言，ENA提供了一个有前途的机会，因为人们的关注和新闻报道的增加可能会导致波动的提高，尤其是在主要解锁的情况下。但是，这也意味着那些不用于快速价格波动的人的不可预测性增加。

BlockDAG Keynote 3 & Testnet Go Live: Delivering Infrastructure While Other Projects Hype

BlockDag Keynote 3和TestNet Go Live：交付基础架构，而其他项目炒作

In a market saturated with speculative tokens and delayed roadmaps, BlockDAG is setting itself apart through visible, verifiable progress.

在充满投机令牌和延迟路线图的市场中，BlockDag通过可见的，可验证的进度与众不同。

Keynote 3, held on March 22, marked a significant turning point as it announced the launch of Beta Testnet V1, which is already live and processing over 1.2 million transactions across a network of 100+ community nodes worldwide. This testnet isn’t a technical milestone—it’s concrete evidence of a project executing ahead of schedule.

3月22日举行的Keynote 3标志着它宣布推出Beta Testnet V1的重大转折点，该网络V1已经在全球100多个社区节点网络上进行了现场直播和处理超过120万笔交易。该测试网不是技术里程碑，它是提前执行项目的具体证据。

Unlike many Layer 1 projects that remain in the planning phase for years, BlockDAG has introduced real tools to its ecosystem. Users can now interact with a functioning block explorer, build and deploy custom tokens and NFTs, and test early dApps in a live environment. These capabilities aren’t speculative; they are accessible and in use. The infrastructure is being built in real time, supported by a growing user base and a clear product strategy.

与多年来保留在计划阶段的许多第1层项目不同，BlockDag已将真正的工具引入了其生态系统。用户现在可以与功能的块Explorer进行交互，构建和部署自定义令牌和NFT，并在实时环境中测试早期DAPP。这些功能不是投机性的；它们可访问和使用。基础架构是由不断增长的用户群和明确的产品策略的支持的实时构建的。

This progress isn’t limited to technology. Financial momentum is equally impressive. BlockDAG has reportedly raised $210 million during its presale, with over 19 billion BDAG coins sold and strong participation across 27 funding batches. The current coin price is $0.0248, and exchange listings across 10+ platforms are already being prepared ahead of the mainnet launch.

这个进度不仅限于技术。财务势头同样令人印象深刻。据报道，Blockdag在预售期间已筹集了2.1亿美元，其中超过190亿个BDAG硬币在27批资金批处理中进行了强劲的参与。当前的硬币价格为$ 0.0248，在Mainnet发布之前，已经准备好了10多个平台的交换清单。

What makes BlockDAG stand out is its ability to execute across multiple fronts—technology, community growth, and market readiness—all before entering the public trading arena. While other projects are still hyping up their concepts, BlockDAG is silently building infrastructure and rolling out usable products. This combination of early usability, measurable traction, and strong funding signals a project not just ready for 2025, but actively shaping it.

使BlockDag脱颖而出的是，它在进入公共交易领域之前都可以在多个方面（技术，社区成长和市场准备就绪）执行。尽管其他项目仍在大肆宣传其概念，但BlockDag正在默默地建立基础设施并推出可用产品。早期可用性，可衡量的牵引力和强劲资金的结合信号标志着一个项目不仅准备了2025年，而且会积极塑造它。

As crypto projects continue to be scrutinized for transparency and output, BlockDAG appears to be focused on both. With its testnet live and user community steadily expanding, BlockDAG is moving with an

随着加密项目的透明度和输出继续进行审查，BlockDag似乎专注于两者。随着其TestNet Live和用户社区的稳步扩展，BlockDag正在随着