Bitcoin finally hit $100,000 again, but it was altcoins that were really driving the crypto markets forward on Thursday.

比特币终于再次达到了100,000美元，但正是Altcoins确实在周四推动了加密货币市场的前进。

Some smaller cryptocurrencies clocked double-digit gains as bullish momentum built.

随着看涨的动量建立，一些较小的加密货币将两位数的增长计时。

Compared to their gains over the past 24 hours at the time of writing, Ethereum advanced 11%. The world’s second-smallest cryptocurrency also breached the $2,000 mark for the first time since March.

与他们在写作时的过去24小时中的收益相比，以太坊提高了11％。自3月以来，世界上第二次最小的加密货币也首次违反了2,000美元。

This marked a rare instance of ETH outperforming BTC, with the world’s largest cryptocurrency seen rising by a more modest 2.7%. Both Dogecoin and Cardano were up more than 8%, while Sui rallied 13.8% and Bitcoin Cash traded 14.3% higher.

这标志着ETH的罕见实例优于BTC，世界上最大的加密货币增加了2.7％。 Dogecoin和Cardano的增长超过8％，而Sui则上涨了13.8％，比特币现金交易高14.3％。

Among the 100 biggest coins by market cap, the top performer was Pudgy Penguins—which was up 27% since this time yesterday.

在划分市值的100个最大硬币中，表现最好的企鹅是矮胖的企鹅 - 自昨天以来，这是27％。

Thursday’s gains sparked feverish speculation on X that "alt season" was coming, where altcoins outperform BTC.

周四的收益激发了X上的狂热猜测，即“ Alt季节”即将到来，AltCoins的表现要优于BTC。

But such talk might be a little premature—especially considering that Bitcoin’s dominance, referring to its total share of the crypto market, remained stubbornly high at 64%.

但是这样的谈话可能还为时过早，尤其是考虑到比特币在加密市场中的总份额的统治地位，顽固的高点为64％。

Earlier this year, CryptoQuant analyst Ki Young Ju had warned that "the era of everything pumping is over," and "most altcoins won't make it."

今年早些时候，加密分析师Ki Young Ju警告说，“一切都结束了”，“大多数Altcoins都不会做到”。

He argued altcoins that are currently the subject of ETF filings—think XRP, Solana, Cardano and Litecoin—were most likely to outperform in 2025, along with "sustainable attention drivers" and "revenue-generating projects."

他认为，目前是ETF文件的主题（想想XRP，Solana，Cardano和Litecoin），最有可能在2025年表现出色，以及“可持续的关注驱动力”和“创收项目”。

Earlier this year, CryptoQuant analyst Ki Young Ju had warned that "the era of everything pumping is over," and "most altcoins won't make it."

今年早些时候，加密分析师Ki Young Ju警告说，“一切都结束了”，“大多数Altcoins都不会做到”。

He argued altcoins that are currently the subject of ETF filings—think XRP, Solana, Cardano and Litecoin—were most likely to outperform in 2025, along with "sustainable attention drivers" and "revenue-generating projects."

他认为，目前是ETF文件的主题（想想XRP，Solana，Cardano和Litecoin），最有可能在2025年表现出色，以及“可持续的关注驱动力”和“创收项目”。

Recently, Santiment research revealed that mentions of "altcoins" and "altseason" are growing on social media, and that could amount to a "red flag."

最近，Santiment研究表明，在社交媒体上提到了“ Altcoins”和“ Altseason”，这可能等于“危险信号”。

"History has actually shown that the most opportune entries into any sort of altcoin cycle are when the crowd is showing complete disinterest in altcoins," Brian Quinlivan wrote.

布莱恩·昆利文（Brian Quinlivan）写道：“历史实际上表明，当人群对山寨币完全不感兴趣时​​，最适合的山寨币周期中最适合的条目。”

He went on to warn that "the transition from rational investing to speculative frenzy can be both swift and punishing," meaning traders should proceed with caution.

他继续警告说：“从理性投资到投机性疯狂的过渡可能既迅速又受到惩罚”，这意味着交易者应谨慎行事。

With Donald Trump's White House causing the markets to whipsaw as uncertainty over tariffs continues, it's difficult to compare this current crypto rally to past cycles. There's a sea of green today, but no guarantees of the same tomorrow.

随着唐纳德·特朗普（Donald Trump）的白宫（Donald Trump）导致市场鞭打，因为对关税的不确定性仍在继续，因此很难将目前的加密集会与过去的周期进行比较。今天有一片绿色的海洋，但明天没有保证。