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.

比特币最近在区块 840,000 处经历了第四次减半。虽然减半后通常会出现看涨趋势，但某些山寨币可能值得避免。

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，减半事件涉及将每个区块的挖矿奖励从 6.25 个新比特币减少到 3.125 个新比特币。这个过程大约每四年发生一次，以减缓新比特币的创造、控制通货膨胀并延长货币的寿命。

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

从历史上看，减半后供应减少和需求稳定或增加通常会引发比特币和更广泛的山寨币市场的显着上升趋势。

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 最近的一份报告中，五种山寨币被认为是值得避免的，这强调了加密货币投资者需要进行彻底的分析，以寻求更好的投资机会。

Dogwifhat (WIF): Unclear Dominance from Buyers or Sellers

Dogwifhat (WIF)：买家或卖家的主导地位不明确

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) 是一种建立在 Solana 区块链上的模因币，以其活跃的社区和戴着帽子的柴犬为特色的健康模因而闻名。尽管具有潜力，但 WIF 的价格一段时间以来一直停滞不前，表明买家或卖家的主导地位不明确。 WIF 目前交易价格为 2.86 美元，盘中跌幅为 2%。

Bittensor (TAO): Worth Avoiding Due to Downtrend

Bittensor（TAO）：由于下跌趋势值得回避

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) 是一个创新的去中心化机器学习网络，旨在实现人工智能模型开发和培训的民主化。然而，一段时间以来，TAO 的价格一直处于稳定下降趋势，表明抛售压力巨大。

Ethena (ENA): Correction Amidst Crypto Market Uncertainty

Ethena (ENA)：加密货币市场不确定性中的修正

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 是一个加密货币项目，旨在在加密货币领域提供稳定且可扩展的货币形式。尽管潜力巨大，但 ENA 的价格最近经历了大幅调整，表明该项目的市场存在不确定性。

Pepe Coin (PEPE): Downtrend Reflects Investor Uncertainty

Pepe Coin (PEPE)：下跌趋势反映出投资者的不确定性

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 是一种通缩模因币，旨在向佩佩青蛙模因致敬。然而，PEPE的价格却呈现出明显的下跌趋势，反映出投资者对其长期前景的不确定性。

Toncoin (TON): History of Significant Price Swings

Toncoin (TON)：价格大幅波动的历史

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 是开放网络 (TON) 的原生货币，这是一种去中心化区块链，最初由 Telegram 开发，后来该项目被 TON 基金会收购。尽管历史上价格波动较大，但 TON 的价格目前显示出拒绝降价的迹象，表明未来有复苏的潜力。

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]

总之，虽然比特币减半事件通常会引发显着的看涨趋势，但某些山寨币由于其增长持续面临挑战，可能需要谨慎对待。 Dogwifhat (WIF)、Bittensor (TAO)、Ethena (ENA)、Pepe Coin (PEPE) 和 Toncoin (TON) 等山寨币表现出各种问题，从价格停滞到大幅下跌趋势。然而，值得注意的是，一些分析师观察到，公众对比特币和加密货币的搜索兴趣总体上尚未达到顶峰，这表明市场可能仍处于潜在上升趋势的早期。 [ab]