Bitcoin's Dominance Delays Altcoin Season

比特币的主导地位推迟了山寨币季节

Bitcoin's dominance, currently standing at 57.4%, is hindering the anticipated altcoin season.

比特币目前的主导地位为 57.4%，阻碍了预期的山寨币季节。

Memecoins Drain Investment from Established Cryptocurrencies

Memecoin 耗尽了现有加密货币的投资

Investment is diverting towards memecoins, such as Dogecoin and PEPE, depleting funds from traditional cryptocurrencies like Ethereum and XRP. Analyst James Check estimates that 50-60% of investment in memecoins could have been allocated to established assets.

投资正在转向狗狗币和 PEPE 等 memecoin，从而耗尽以太坊和 XRP 等传统加密货币的资金。分析师 James Check 估计，memecoin 的 50-60% 的投资本可以分配给既定资产。

PEPE Token's Rise Prompts Market Trends

PEPE 代币的崛起提示市场趋势

Memecoins are gaining traction earlier in the current market cycle than in 2021. PEPE Token, for instance, has witnessed a remarkable upward trend in early 2024, with traders reaping substantial profits.

Memecoin 在当前市场周期中比 2021 年更早获得关注。例如，PEPE Token 在 2024 年初出现了显着的上涨趋势，交易者获得了可观的利润。

Bitcoin ETFs Contribute to Memecoin Popularity

比特币 ETF 有助于 Memecoin 的流行

Check attributes the surge in memecoin investment to the approval of Bitcoin exchange-traded funds (ETFs), providing traders with an opportunity to invest in these volatile assets during Bitcoin's price rally.

Check 将 memecoin 投资的激增归因于比特币交易所交易基金 (ETF) 的批准，为交易者提供了在比特币价格上涨期间投资这些波动性资产的机会。

Analysts See Altcoin Decline as a Bullish Signal

分析师将山寨币的下跌视为看涨信号

Despite the decline in altcoin prices and low trading volumes, some analysts view this as a positive sign. Luke Martin believes altcoins are currently undervalued and represent a buying opportunity, similar to the period preceding Bitcoin's significant rebound in 2020.

尽管山寨币价格下跌且交易量较低，但一些分析师认为这是一个积极的信号。 Luke Martin 认为，山寨币目前被低估，代表着买入机会，类似于 2020 年比特币大幅反弹之前的时期。