Vechain（VET）在我们2025年表现最差的山寨币中排名第七

我们最近在2025年汇编了10个表现最差的Altcoins的列表。在本文中，我们将探讨Vechain（VET）与其他Altcoins的立场。

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.

更广泛的加密货币市场正面临近期下行风险。这些情绪是由摩根大通（JPMorgan）的分析师回应的，因为人们越来越担心需求减弱和势头放缓将引起重大回调。情绪紧随旗舰加密货币比特币的高跟鞋，从历史最高的高点中撤退了约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.

在去年年底达到了创纪录的3.72万亿美元市值之后，更广泛的加密货币市场已撤回约15％。根据摩根大通（JPMorgan）分析师的说法，回调信号标志着投资者的信心大幅下降。

“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.

“在过去的几个月中，比特币和以太坊期货都接近落后。这是一个负面发展，表明了那些使用受监管的CME期货合约来获得这两种加密货币的机构投资者的需求疲软。”摩根大通在一份研究报告中写道。

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.

加密市场需求减弱的原因之一是缺乏提高价格所需的短期催化剂。摩根大通在对投资者的研究票据中指出，在加密货币集会之后，机构投资者一直在获利，以记录唐纳德·特朗普（Donald Trump）担任美国总统之后的高潮。

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.

尽管越来越多的期望，即新的美国政府将通过积极的法规来促进新生产业的增长，但大多数仅在下半年才预计。

“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.

“正如我们在最近的出版物中所说的那样，新美国政府的加密计划在下半年更有可能发生。在此之前，削弱需求对加密货币市场构成下行风险。”摩根大通说。

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.

根据摩根大通分析师的说法，短期内缺乏新鲜催化剂可能会引发加密货币市场的进一步下行压力。联邦储备主席杰罗姆·鲍威尔（Jerome Powell）于12月18日发布通货膨胀警告后，大选后加密货币集会逐渐消失到2024年底。由于债券收益率上升，投资者倾倒了面向增长的风险资产，比特币更加严重损失。

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.

股票市场策略师兼FundStrat全球顾问研究主管Tom Lee认为，尽管最近有深刻的回调，但比特币将是2025年表现最好的资产类别之一。

“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

“但是我认为仍然有一个论点是，在短期内比特币是一种风险的资产，所以在周末发生的市场上，比特币受到了打击，所以我说2月对于比特币来说并不好在短期内，”李说

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.

李认为比特币在篮板之前可能会降至70,000美元。李说，目前的水平“可能不是本月的地板，因此它可能会访问更低的水平，甚至70个，但当然，这最终会成为购买机会。”

Our Methodology

我们的方法论

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

为了使2015年表现最差的山寨币表现最差，我们扫描了加密货币市场，重点是市场上限的前100个替代硬币。然后，我们修剪了清单，并专注于迄今为止迄今为止散发出大量市场价值的前十枚硬币。最后，我们根据替代硬币已经产生了年份的百分比损失的百分比损失对它们进行了排名。