2025年的10个表现最差的山寨币

更广泛的加密货币市场面临近期下行风险。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。

The broader cryptocurrency market faces near-term downside risks, according to analysts at JPMorgan, amid concerns that weakening demand and slowing momentum will trigger a significant pullback in the market.

根据摩根大通的分析师的说法，由于担心需求减弱和势头放缓将引发市场的重大回调，因此更广泛的加密货币市场面临的近期下行风险。

Those sentiments come on the heels of flagship cryptocurrency Bitcoin pulling back by about 10% from recent all-time highs. After reaching record highs of $3.72 trillion in the broader cryptocurrency market late last year, the market has since pulled back by about 15%, according to JPMorgan analysts, signaling a significant decline in investor confidence.

这些情绪紧随旗舰加密货币比特币的延伸，从最近有史以来的高点降低了约10％。根据摩根大通（JPMorgan）分析师的数据，该市场在去年年底达到了更广泛的加密货币市场上达到创纪录的最高水平3.72万亿美元之后，该市场已撤退约15％，这表明投资者信心的大幅下降。

“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 recent research note.

“在过去的几个月中，比特币和以太坊期货都接近落后。这是一个负面的发展，并表明了那些使用监管的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。”摩根大通在最近的一份研究报告中写道。

One of the primary reasons for the weakening demand in the crypto market is the lack of short-term catalysts to push prices higher. As noted by JPMorgan in a recent research note to investors, institutional investors have been booking profits after cryptocurrencies rallied to record highs following the reelection of Donald Trump as the US president.

加密市场需求减弱的主要原因之一是缺乏短期催化剂来提高价格。正如摩根大通在最近对投资者的一份研究票据中指出的那样，在加密货币集结以记录唐纳德·特朗普（Donald Trump）担任美国总统之后，机构投资者一直在预订利润。

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. The post-Federal Reserve Chair Jerome Powell inflation warning on December 18 saw the post-election cryptocurrency rally fizzle out towards 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。前卫队储备主席杰罗姆·鲍威尔（Jerome Powell）的通货膨胀警告于12月18日在2024年底看到选举后加密货币集会弹力。由于投资者倾倒了由于债券收益率飙升而抛弃了面向增长的风险资产，比特币造成了更严重的损失。

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 2027 despite the recent deep pullback.

股票市场策略师兼FundStrat全球顾问研究负责人汤姆·李（Tom Lee）认为，尽管最近有深层的回调，但比特币将是2027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 date.

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，我们根据替代硬币迄今已产生的百分比损失的百分比损失对它们进行了排名。

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

在Insider Monkey，我们沉迷于对冲基金堆积的股票。原因很简单：我们的研究表明，我们可以通过模仿最佳对冲基金的最高股票来胜过市场。我们的季度新闻通讯的策略每季度选择14个小型股和大型股票，自2014年5月以来已返回275％，超过了其基准点150个百分点（请参见此处的更多详细信息）。

10 Worst Performing Altcoins in 2025

2025年的10个表现最差的山寨币

10. Algorand (ALGO)

10。Algorand（某物）

Market Cap as of February 21 2025: $2.32 Billion

截至2025年2月21日的市值：23.2亿美元

Year to Date Drop: 18.90%

一年至今：18.90％

The Algorand ALGO is the native token of the Algorand blockchain. It primarily facilitates transactions, pays transaction fees, and incentivizes network validators to secure the platform. Being a public blockchain platform, people can build decentralized applications on top of it. On the other hand, the native token ALGO has been under pressure ever since it peaked in 2025.

Algorand Algo是Algorand区块链的本地令牌。它主要促进交易，支付交易费用，并激励网络验证器确保平台。作为一个公共区块链平台，人们可以在其中构建分散的应用程序。另一方面，自2025年达到顶峰以来，天然令牌算法一直处于压力下。

The coin has tumbled significantly and has fallen by about 18.90% in the year to date. The sell-off has coincided with a correction in the overall cryptocurrency market. Algorand’s long-term prospects and competitive edge stem from its ability to solve the inefficiencies of ledgers in any blockchain, be it Ethereum, Bitcoin, or any other. These issues include high transaction costs, energy waste, and scalability. Algorand utilizes the benefits of both centralized and decentralized blockchain projects. It is practical and efficient, like a centralized platform and a governance model for decentralized projects, to guarantee accountability.

迄今为止，硬币已经大幅下跌，并且在一年中下降了约18.90％。抛售与整个加密货币市场的更正相吻合。阿尔戈兰（Algorand）的长期前景和竞争优势源于其解决任何区块链中的分类帐效率低下的能力，无论是以太坊，比特币还是其他任何区块链。这些问题包括高交易成本，能源浪费和可扩展性。 Algorand利用集中和分散的区块链项目的好处。它是实用和高效的，例如集中式平台和分散项目的治理模型，以确保问责制。

9. Hedera (HBAR)

9。Hedera（HBAR）

Market Cap as of February 21 2025: $9.44 Billion

截至2025年2月21日的市值：94.4亿美元

Year to

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