BTC Dominance Shifts, Signaling Altcoin Opportunity

BTC 主导地位发生转变，预示着山寨币的机会

A novel metric, the true Bitcoin (BTC) dominance index, gauges BTC's performance against a basket of mined coins, excluding ICO tokens and stablecoins. This metric offers a clearer indication of market dynamics.

真正的比特币 (BTC) 优势指数是一种新颖的指标，它衡量 BTC 相对于一篮子已开采代币（不包括 ICO 代币和稳定币）的表现。该指标可以更清晰地反映市场动态。

The index has witnessed a recent shift in BTC dominance, falling from over 74% to 69.7%. This signals a potential expansion of the altcoin market, as investors seek higher returns.

该指数近期见证了 BTC 主导地位的转变，从 74% 以上下降至 69.7%。这标志着山寨币市场的潜在扩张，因为投资者寻求更高的回报。

Mined Coins: Still Viable?

开采的硬币：仍然可行吗？

Mined coins exhibit diverse profiles, including privacy-focused coins. Mining remains competitive, benefiting smaller networks adopting industrial approaches.

开采的硬币表现出不同的特征，包括注重隐私的硬币。采矿业仍然具有竞争力，有利于采用工业方法的小型网络。

Dogecoin (DOGE), alongside Bitcoin, remains a successful mined coin. Its popularity stems from its meme potential rather than mining. However, Dogecoin's mining still relies on Litecoin's hashrate.

狗狗币（DOGE）与比特币一样，仍然是一种成功的开采硬币。它的受欢迎程度源于其模因潜力，而不是挖矿。然而，狗狗币的挖矿仍然依赖于莱特币的算力。

Other mined coins, such as Verge (XVG), have recently emerged from lows, indicating some potential for growth. However, BCH and LTC remain relatively stagnant despite high liquidity and adoption.

其他开采的代币，例如 Verge (XVG)，最近已走出低点，表明存在一定的增长潜力。然而，尽管 BCH 和 LTC 的流动性和采用率很高，但仍然相对停滞。

Altcoin Season: Uncertain but Viable

山寨币季节：不确定但可行

The shift in BTC dominance suggests the possibility of an altcoin season. However, recent performance indicates a slowdown in rallies and a return to sideways trading.

比特币主导地位的转变表明山寨币季节的可能性。然而，最近的表现表明涨势放缓，并回归横盘交易。

The altcoin season index has declined from a high of 89 points to 67 points, suggesting that BTC maintains its dominance.

山寨币季节指数已从 89 点的高点下降至 67 点，表明 BTC 保持了主导地位。

While BTC is approaching its peak, altcoins remain a riskier investment. The crypto market faces shifting sentiment, and legacy coins and tokens may not rally as anticipated.

尽管比特币已接近顶峰，但山寨币仍然是一种风险较高的投资。加密货币市场面临情绪变化，传统硬币和代币可能不会像预期那样反弹。

Despite these uncertainties, mined assets have demonstrated their resilience and long-term viability, supported by large pools and their resistance to replacement by new tokens.

尽管存在这些不确定性，但在大型矿池及其对新代币替代的抵制的支持下，开采的资产已展现出其弹性和长期生存能力。