今天您應該購買狗狗幣（DOGE）而不是比特幣（BTC）嗎？

狗狗幣（加密貨幣：DOGE）最初創建於 2013 年，是對比特幣的模仿，並以柴犬命名，在過去 12 個月裡價格上漲了四倍多。

Bitcoin (CRYPTO: BTC) price has more than doubled over the past 12 months and is trading within spitting distance of its all-time high. Approvals of its first spot price exchange-traded funds (ETFs) in January, its halving in April, two interest rate cuts, and Trump's election victory brought back a stampede of bulls.

比特幣（CRYPTO：BTC）價格在過去 12 個月中上漲了一倍多，目前交易價格距離歷史高點僅一步之遙。一月份批准了第一隻現貨價格交易所交易基金（ETF），四月份減半，兩次降息，以及川普的選舉勝利，引發了多頭的蜂擁而至。

But Dogecoin (CRYPTO: DOGE) -- which was originally created in 2013 as a parody of Bitcoin and named after a Shiba Inu dog -- has more than quadrupled during the past 12 months.

但狗狗幣（加密貨幣：DOGE）——最初是在 2013 年作為比特幣的模仿而創建的，並以柴犬命名——在過去 12 個月裡價格上漲了四倍多。

In the past, Dogecoin's price was often driven by Elon Musk's unpredictable tweets about the cryptocurrency. He even made Dogecoin acceptable for payment at his car company, Tesla, for certain purchases in 2022.

過去，狗狗幣的價格往往是由馬斯克關於加密貨幣的不可預測的推文推動的。他甚至允許狗狗幣在他的汽車公司 Tesla 中用於 2022 年某些購買的支付。

Dogecoin's latest rally was mainly fueled by Trump's election victory. The rally amped up after Trump said he would appoint Musk and Vivek Ramaswamy to lead the planned Department of Government Efficiency (DOGE) to root out wasteful government spending.

狗狗幣最近的上漲主要是由川普的選舉勝利推動的。在川普表示他將任命馬斯克和維韋克·拉馬斯瓦米領導計劃中的政府效率部（DOGE）以根除浪費的政府支出後，漲勢加劇。

That news -- along with Trump's pro-crypto stance -- helped Dogecoin outperform Bitcoin. So should investors buy this smaller meme coin instead of Bitcoin today?

這項消息以及川普支持加密貨幣的立場幫助狗狗幣跑贏了比特幣。那麼，投資者今天應該購買這種較小的迷因幣而不是比特幣嗎？

The similarities and differences between Dogecoin and Bitcoin

狗狗幣和比特幣的異同

Dogecoin was created from the open source code for Litecoin, another token that was previously forked, or split off, from Bitcoin's blockchain.

狗狗幣是根據萊特幣的開源程式碼創建的，萊特幣是之前從比特幣區塊鏈中分叉或分離出來的另一種代幣。

Just like Bitcoin and Litecoin, Dogecoin's tokens were mined with the energy-intensive proof-of-work (PoW) consensus mechanism. But to differentiate itself from other PoW tokens, Dogecoin's developers launched a new hashing algorithm called Scrypt, which consumed less power and processed transactions at a faster rate.

就像比特幣和萊特幣一樣，狗狗幣的代幣是透過能源密集型工作量證明（PoW）共識機制開采的。但為了與其他 PoW 代幣區分開來，狗狗幣的開發人員推出了一種名為 Scrypt 的新哈希演算法，該演算法消耗更少的電量並以更快的速度處理交易。

That upgrade attracted the attention of online supporters, who dubbed themselves the "Doge Army," as well as high-profile investors like Musk, Mark Cuban, Snoop Dogg, Kevin Jonas, and Gene Simmons.

這項升級吸引了自稱為「總督軍」的線上支持者以及馬斯克、馬克·庫班、史努比狗狗、凱文·喬納斯和吉恩·西蒙斯等知名投資者的注意。

As a result, Dogecoin's price soared to an all-time high of $0.73 on May 8, 2021 -- which represented a 47,279% gain from its earliest trading price of $0.001540753 on Jan. 23, 2014. That rally would have turned a $10,000 investment into $4.7 million.

結果，狗狗幣的價格在 2021 年 5 月 8 日飆升至歷史新高 0.73 美元，較 2014 年 1 月 23 日的最早交易價格 0.001540753 美元上漲了 47,279%。萬美元。

Dogecoin has some glaring weaknesses

狗狗幣有一些明顯的弱點

But today, that same investment would be worth about $2.4 million. Two major challenges prevented Dogecoin from becoming the next Bitcoin or Ethereum.

但今天，同樣的投資價值約為 240 萬美元。兩大挑戰阻止狗狗幣成為下一個比特幣或以太幣。

First, Dogecoin is an inflationary token that doesn't have a supply cap. There are 150 billion Dogecoins in circulation as of this writing, and that supply is growing by about 10,000 tokens per minute. Bitcoin has a maximum supply of 21 million tokens, and 19.8 million of those tokens have already been mined. That scarcity makes Bitcoin more similar to gold and other physical assets than Dogecoin.

首先，狗狗幣是一種通膨代幣，沒有供應上限。截至撰寫本文時，流通中的狗狗幣數量為 1,500 億個，且供應量以每分鐘約 10,000 個代幣的速度增長。比特幣的最大供應量為 2,100 萬個代幣，其中 1,980 萬個代幣已經被開採。這種稀缺性使得比特幣比狗狗幣更類似黃金和其他實體資產。

Second, Dogecoin doesn't natively support smart contracts, which are used to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. Proof-of-stake (PoS) blockchains like Ethereum support smart contracts, so they're often valued by the popularity and size of their developer ecosystems. PoS tokens can also be "staked" (locked up) on the blockchain to earn interest-like rewards.

其次，狗狗幣本身並不支援智能合約，智能合約用於開發去中心化應用程式（dApp）、不可替代代幣（NFT）和其他加密資產。像以太坊這樣的權益證明 (PoS) 區塊鏈支援智慧合約，因此它們的價值通常取決於其開發者生態系統的受歡迎程度和規模。 PoS 代幣還可以「質押」（鎖定）在區塊鏈上以獲得類似利息的獎勵。

By comparison, Shiba Inu, which was created as a parody of Dogecoin in 2020, is an Ethereum-based PoS token that supports staking and smart contracts.

相比之下，2020 年模仿狗狗幣創建的 Shiba Inu 是一種基於以太坊的 PoS 代幣，支援質押和智能合約。

Simply put, Dogecoin's blockchain is faster than Bitcoin's, but its inflationary nature will prevent it from becoming as scarce as Bitcoin. Its lack of support for smart contracts also limits its appeal among developers, who would choose Ethereum or other PoS blockchains to develop their apps and tokens.

簡而言之，狗狗幣的區塊鏈比比特幣更快，但其通貨膨脹性質將阻止其變得像比特幣一樣稀缺。它缺乏對智能合約的支援也限制了它對開發人員的吸引力，他們會選擇以太坊或其他 PoS 區塊鏈來開發他們的應用程式和代幣。

Why Dogecoin isn't a great alternative to Bitcoin

為什麼狗狗幣不是比特幣的絕佳替代品

Dogecoin might be in the spotlight right now, but it's still trading far below its all-time high because it hasn't resolved its most pressing issues. After the current news cycle cools, it will probably give up a lot of its post-election gains.

狗狗幣現在可能是人們關注的焦點，但它的交易價格仍然遠低於歷史高點，因為它還沒有解決最緊迫的問題。在當前的新聞週期冷卻後，它可能會放棄選舉後的大部分收益。

Meanwhile, Bitcoin should have more staying power as it becomes the equivalent of digital gold for many investors. Its scheduled halvings, which reduce the rewards for mining in half every four years, should consistently tighten up its supply and buoy its value.

同時，比特幣應該具有更強的持久力，因為它對許多投資者來說相當於數位黃金。其預定的減半計畫每四年將採礦獎勵減少一半，這應該會持續收緊其供應並提振其價值。

More institutional investors could buy Bitcoin, and more inflation-wracked countries could adopt the token as a national currency. Therefore, Bitcoin might not be as exciting or meme-worthy as Dogecoin, but it will probably be a better long-term investment for most investors.

更多的機構投資者可以購買比特幣，更多受通貨膨脹困擾的國家可以採用該代幣作為本國貨幣。因此，比特幣可能不像狗狗幣那樣令人興奮或具有迷因價值，但對於大多數投資者來說，它可能是更好的長期投資。

Don’t miss this second chance at a potentially lucrative opportunity

不要錯過這第二次機會，這是一個潛在的有利可圖的機會

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

有沒有感覺自己錯過了買進最成功股票的機會？那你就會想聽聽這個。