随着加密货币市场反弹，Solana、Cardano 和 Aptos 新年伊始均实现稳健收益

今天股市波动较大，三大股指在早盘大幅上涨后收盘走低。然而，对于大多数顶级加密项目来说，这是开启今年第一个“正式”交易日的好日子（尽管加密市场昨天开放，因为它是 24/7 市场）。

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.

主要股指周五收低，拉开了 2023 年第一个“正式”交易日的序幕（尽管本周周一和周二市场开市）。然而，大多数顶级加密货币项目在今年伊始都有不错的表现。

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) 周五均出现上涨，这三种代币在过去 24 小时内分别升值 5.9%、4.4% 和 3.1%，美国东部时间下午 3:30。

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

以下是推动这些收益的因素以及投资者可能希望密切关注这三个项目进展的原因。

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：是什么推动了这些收益？比特币和以太坊价格的持续飙升可以解释其他大型加密货币项目的一些变动。但还有一些其他独特的催化剂可能值得深入研究。

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

让我们快速分析一下为什么这些顶级代币今天会如此火爆。

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：值得关注的关键催化剂 鉴于这三个项目的庞大规模（Solana、Cardano 和 Aptos 的市值分别约为 1000 亿美元、340 亿美元和 50 亿美元），现货交易所交易的预期基金（ETF）的推出并获得美国证券交易委员会（SEC）的批准是投资者关注的关键催化剂之一。就 Solana 而言，Grayscale 的 Solana ETF 申请目前由 SEC 审查的截止日期为 1 月 23 日，预计此后不久就会做出决定。博彩市场（和大多数专家）预计该 ETF 将获得批准，为卡尔达诺 ETF 现货以及未来可能的 Aptos 产品铺平道路（我们拭目以待）。

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.

卡尔达诺是一个有趣的项目，因为它似乎是一种投资工具，许多人认为这是对更广泛的区块链采用的一种尝试。卡尔达诺背后的关键卖点是它是一个可互操作的区块链，这意味着它可以与其他区块链项目进行交互。因此，随着更多智能合约活动和比特币第 2 层解决方案的推出，这一特定网络可能会起飞。到目前为止，根据其价格走势，人们对该项目的前景仍然非常乐观。

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.

几周前，该项目联合创始人 Mo Shaikh 将辞职（尽管他将保留战略顾问的职位）的令人震惊的消息传出后，Aptos 的股价继续上涨。投资者似乎关注强劲的使用数据，并普遍认为 Aptos 可以成为 2025 年及以后加密行业整体增长的受益者。

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.

这三个项目到 2025 年会是什么样？除了是该领域一些顶级的大型加密货币项目之外，这实际上是三个截然不同的项目，具有投资者目前关注的独特催化剂。因此，我认为，随着投资者在竞争日益激烈的领域中挑选赢家，这三种代币之间可能会存在一些分歧。

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.

也就是说，有趣的是，所有三个项目的清算数据都显着偏向空头头寸。这意味着那些押注这些加密货币继续上涨的人将被迫平仓，最终导致更大的购买压力（导致这些代币的价格进一步走高）。因此，在势头转变之前，交易者和投机者可能希望密切关注这三个顶级加密货币项目的进展。对于那些有较长时间视野的人来说，拥有这些项目有根本原因，这就是使它们成为至少目前保留在观察名单上的诱人选择的原因。