山寨币跌幅创历史新高,40%代币接近历史低点

SOL0,31%
BNB0,83%
BTC1,79%
ETH3,33%

Gate News 消息,分析师Darkfost指出,截至2026年3月,超过40%的山寨币交易价格已接近或达到历史低点,高于上一轮熊市约38%的峰值。这表明本轮周期山寨币承受的跌幅创下新纪录。地缘政治紧张局势和宏观经济波动持续对风险资产施加压力,其中山寨币首当其冲。

Darkfost表示,除了宏观因素,市场结构性问题同样明显。当前加密货币总量已超过4700万枚,仅Solana (SOL) 就超过2200万枚,Base超过1800万枚,BNB智能链增加了400万枚。代币数量激增导致资金在市场中高度分散,流动性稀释,使山寨币在低需求环境下更易承压。

尽管市场表现低迷,Darkfost认为,这可能创造潜在入场机会。投资者如果能够在抛售潮中识别出具有韧性的项目,或能获得长期回报。流动性稀释和市场供给过剩,使部分项目的价格被低估,为精挑细选的投资者提供机会。

Bitwise Asset Management 首席投资官Matt Hougan也对结构性趋势进行了分析。他指出,传统的资金轮动模式——比特币 (BTC) 流向以太坊 (ETH) 再流向投机性山寨币——已难以奏效。Hougan认为,未来市场将奖励那些具有实际价值和稳健生态的项目,而非依赖广泛投机势头的代币。

在这种背景下,投资者需更加关注项目基本面和市场韧性。尽管山寨币普遍面临压力,但低位的机会可能吸引有眼光的资金入场,为市场带来新一轮分化行情,同时凸显未来周期中优质项目的重要性。

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