Bitcoin recently underwent its fourth halving at block 840,000. While a bullish trend is often anticipated following a halving, certain altcoins may be worth avoiding.

比特幣最近在區塊 840,000 處經歷了第四次減半。雖然減半後通常會出現看漲趨勢，但某些山寨幣可能值得避免。

As a reminder, a halving event involves reducing the mining reward from 6.25 to 3.125 new bitcoins per block. This process occurs approximately every four years to slow down the creation of new bitcoins, control inflation, and extend the lifespan of the currency.

提醒一下，減半事件涉及將每個區塊的挖礦獎勵從 6.25 個新比特幣減少到 3.125 個新比特幣。這個過程大約每四年發生一次，以減緩新比特幣的創造、控制通貨膨脹並延長貨幣的壽命。

Historically, reduced supply and stable or increasing demand after a halving have typically triggered significant uptrends in both Bitcoin and the broader altcoin market.

從歷史上看，減半後供應減少和需求穩定或增加通常會引發比特幣和更廣泛的山寨幣市場的顯著上升趨勢。

In a recent Coingape report, five altcoins were identified as worth avoiding, highlighting the need for crypto investors to conduct thorough analysis in seeking better investment opportunities.

在 Coingape 最近的一份報告中，五種山寨幣被認為是值得避免的，這強調了加密貨幣投資者需要徹底的分析，以尋求更好的投資機會。

Dogwifhat (WIF): Unclear Dominance from Buyers or Sellers

Dogwifhat (WIF)：買家或賣家的主導地位不明確

Dogwifhat (WIF) is a memecoin built on the Solana blockchain, known for its active community and wholesome memes featuring a Shiba Inu wearing a hat. Despite its potential, WIF's price has been stagnant for some time, indicating unclear dominance from either buyers or sellers. WIF currently trades at $2.86, with an intraday loss of 2%.

Dogwifhat (WIF) 是一種建立在 Solana 區塊鏈上的迷因幣，以其活躍的社區和戴著帽子的柴犬為特色的健康模因而聞名。儘管具有潛力，但 WIF 的價格一段時間以來一直停滯不前，表明買家或賣家的主導地位不明確。 WIF 目前交易價格為 2.86 美元，盤中下跌 2%。

Bittensor (TAO): Worth Avoiding Due to Downtrend

Bittensor（TAO）：由於下跌趨勢值得迴避

Bittensor (TAO) is an innovative decentralized machine learning network, designed to democratize access to AI model development and training. However, TAO's price has been on a steady downtrend for some time, signaling significant selling pressure.

Bittensor (TAO) 是一個創新的去中心化機器學習網絡，旨在實現人工智慧模型開發和培訓的民主化。然而，一段時間以來，TAO 的價格一直處於穩定下降趨勢，顯示拋售壓力巨大。

Ethena (ENA): Correction Amidst Crypto Market Uncertainty

Ethena (ENA)：加密貨幣市場不確定性中的修正

ENA is a cryptocurrency project aiming to provide a stable and scalable form of currency in the crypto space. Despite its potential, ENA's price has undergone a significant correction recently, suggesting market uncertainty surrounding the project.

ENA 是一個加密貨幣項目，旨在在加密貨幣領域提供穩定且可擴展的貨幣形式。儘管潛力巨大，但 ENA 的價格最近經歷了大幅調整，表明該項目的市場存在不確定性。

Pepe Coin (PEPE): Downtrend Reflects Investor Uncertainty

Pepe Coin (PEPE)：下跌趨勢反映出投資人的不確定性

PEPE is a deflationary memecoin launched as a tribute to the Pepe the Frog meme. However, PEPE's price has exhibited a significant downtrend, reflecting investor uncertainty about its long-term prospects.

PEPE 是一種通縮模因幣，旨在向佩佩青蛙模因致敬。然而，PEPE的價格呈現出明顯的下跌趨勢，反映出投資人對其長期前景的不確定性。

Toncoin (TON): History of Significant Price Swings

Toncoin (TON)：價格大幅波動的歷史

TON is the native currency of The Open Network (TON), a decentralized blockchain originally developed by Telegram before the project was acquired by the TON Foundation. Despite its history of significant price swings, TON's price is currently showing signs of rejecting lower prices, indicating potential for future recovery.

TON 是開放網路 (TON) 的原生貨幣，這是一種去中心化區塊鏈，最初由 Telegram 開發，後來該專案被 TON 基金會收購。儘管歷史上價格波動較大，但 TON 的價格目前顯示出拒絕降價的跡象，表明未來有復甦的潛力。

In conclusion, while Bitcoin's halving event typically sparks significant bullish trends, certain altcoins may warrant caution due to ongoing challenges in their growth. Altcoins like Dogwifhat (WIF), Bittensor (TAO), Ethena (ENA), Pepe Coin (PEPE), and Toncoin (TON) exhibit various issues, ranging from price stagnation to significant downtrends. However, it's worth noting that some analysts have observed that public search interest for Bitcoin and cryptocurrencies in general has not peaked, suggesting the market may still be early in a potential uptrend. [ab]

總之，雖然比特幣減半事件通常會引發顯著的看漲趨勢，但某些山寨幣由於其成長持續面臨挑戰，可能需要謹慎對待。 Dogwifhat (WIF)、Bittensor (TAO)、Ethena (ENA)、Pepe Coin (PEPE) 和 Toncoin (TON) 等山寨幣表現出各種問題，從價格停滯到大幅下跌趨勢。然而，值得注意的是，一些分析師觀察到，大眾對比特幣和加密貨幣的搜尋興趣總體上尚未達到頂峰，這表明市場可能仍處於潛在上升趨勢的早期。 [ab]