當狗狗幣低於 1 美元時你應該購買它嗎？

狗狗幣（CRYPTO：DOGE）自2013 年12 月推出以來，已經培養了許多百萬富翁。 ，並以病毒命名。

Dogecoin (CRYPTO: DOGE) has made a lot of millionaires since its launch in December 2013. The cryptocurrency was created as a parody of Bitcoin (CRYPTO: BTC) by two software engineers, Billy Markus and Jackson Palmer, and named after the viral "doge" meme, which features a Shiba Inu dog. Dogecoin was first traded at just $0.001540753 on Jan. 23, 2014.

狗狗幣（CRYPTO：DOGE）自2013 年12 月推出以來，已經創造了許多百萬富翁。 （Jackson Palmer）模仿比特幣（CRYPTO：BTC）創建的，並以病毒式傳播的“狗狗幣”命名。狗狗幣於 2014 年 1 月 23 日首次交易價格僅 0.001540753 美元。

By the beginning of 2021, its price had risen to $0.01 and caught the attention of mainstream investors. After a series of bullish endorsements from big celebrities like Elon Musk, Mark Cuban, and Snoop Dogg, its price soared to an all-time high of $0.73 on May 8, 2021. A $10,000 investment in Dogecoin on the first day would have grown to $4.74 million by now.

到了2021年初，其價格已上漲至0.01美元，並引起主流投資者的關注。在馬斯克、馬克庫班和史努比狗狗等大牌明星的一系列看漲支持下，其價格於2021 年5 月8 日飆升至0.73 美元的歷史新高。的狗狗幣將會成長到現在已經474萬美元了。

But today, Dogecoin trades at about $0.12. The altcoin lost its luster as rising interest rates drove investors away from cryptocurrencies and other speculative investments. However, that $10,000 investment in 2014 would still be worth nearly $779,000 today. Dogecoin remains a divisive cryptocurrency, but some bullish investors believe the altcoin's price could rally back to its record high and eventually reach $1.

但如今，狗狗幣的交易價格約為 0.12 美元。隨著利率上升迫使投資者遠離加密貨幣和其他投機性投資，山寨幣失去了光彩。然而，2014 年的 1 萬美元投資如今仍價值近 77.9 萬美元。狗狗幣仍然是一種有爭議的加密貨幣，但一些看漲的投資者認為，山寨幣的價格可能會反彈至歷史新高，並最終達到 1 美元。

So should you buy Dogecoin while it's still trading far below that level? Let's compare Dogecoin to other cryptocurrencies, examine its upcoming catalysts, and decide if it's a worthwhile investment at these prices.

那麼，當狗狗幣的交易價格仍遠低於該水平時，您是否應該購買狗狗幣？讓我們將狗狗幣與其他加密貨幣進行比較，檢查其即將到來的催化劑，並確定以這些價格計算它是否值得投資。

The difference between Dogecoin and other cryptocurrenciesDogecoin was created from the open-source code for Litecoin (CRYPTO: LTC), a token that was forked from Bitcoin's blockchain in 2011. Like Bitcoin and Litecoin, Dogecoin was mined with the energy-intensive proof-of-work (PoW) consensus mechanism. However, Dogecoin's developers subsequently launched a new hashing algorithm called Scrypt, which consumed less power and processed transactions at a faster rate than Bitcoin's own mining algorithm. This version of Dogecoin can quickly process retail transactions, perhaps making it a useful real-world payment tool someday, but at the cost of less robust data security. The upgrade also attracted more attention from online supporters who called themselves the "Doge Army."

狗狗幣和其他加密貨幣之間的區別狗狗幣是根據萊特幣（CRYPTO：LTC）的開源程式碼創建的，萊特幣是2011 年從比特幣區塊鏈中分叉出來的代幣。幣和萊特幣一樣，狗狗幣是透過能源密集證明來開採的-work（PoW）共識機制。然而，狗狗幣的開發人員隨後推出了一種名為 Scrypt 的新哈希演算法，該演算法比比特幣自己的挖掘演算法消耗更少的電量並且處理交易的速度更快。這個版本的狗狗幣可以快速處理零售交易，也許有一天它會成為現實世界中有用的支付工具，但代價是資料安全性不太強。這次升級也吸引了更多自稱「總督軍」的網路支持者的注意。

But unlike Bitcoin, which has a maximum supply of 21 million tokens, Dogecoin doesn't have an ultimate supply cap. There are currently 146.3 billion Dogecoins in circulation, and that supply is increasing by about 10,000 tokens per minute. That ballooning supply could make it difficult for Dogecoin ever to revisit its record highs.

但與比特幣的最大供應量為 2,100 萬個代幣不同，狗狗幣沒有最終供應上限。目前有 1,463 億枚狗狗幣正在流通，並且供應量每分鐘增加約 10,000 個代幣。供應量的不斷膨脹可能會使狗狗幣很難重回歷史高點。

As a PoW blockchain, Dogecoin doesn't natively support smart contracts, which are used in proof-of-stake (PoS) blockchains like Ethereum (CRYPTO: ETH) to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. PoS blockchains also enable their investors to "stake" (or lock up) their tokens to earn interest-like rewards. Ethereum was previously a PoW blockchain, but it transitioned to the PoS mechanism in 2022 to reduce its energy consumption.

作為PoW 區塊鏈，狗狗幣本身並不支援智能合約，智能合約在以太坊（加密貨幣：ETH）等權益證明（PoS）區塊鏈中用於開發去中心化應用程式（dApps）、不可替代代幣（NFT）、和其他加密資產。 PoS 區塊鏈還使投資者能夠「抵押」（或鎖定）他們的代幣以獲得類似利息的獎勵。以太坊先前是 PoW 區塊鏈，但在 2022 年過渡到 PoS 機制以減少能耗。

Dogecoin's lack of a developer foundation makes it a difficult token to value, but a handful of businesses -- including Tesla, Microsoft, and AMC -- have started to accept the token for payments. That support might eventually stabilize its price.

狗狗幣缺乏開發者基礎，使其成為難以估值的代幣，但包括特斯拉、微軟和 AMC 在內的少數企業已開始接受該代幣進行支付。這種支撐最終可能會穩定其價格。

Dogecoin's catalysts aren't too impressiveEarlier this year, Coinbase Global (NASDAQ: COIN) launched new futures trading for Dogecoin. Those listings could potentially pave the way toward Dogecoin future exchange-traded funds (ETFs) or even spot price ETFs in the distant future.

狗狗幣的催化劑並不太令人印象深刻今年早些時候，Coinbase Global（納斯達克股票代碼：COIN）推出了新的狗狗幣期貨交易。這些上市可能為狗狗幣未來的交易所交易基金（ETF）甚至在遙遠的未來現貨價格 ETF 鋪路。

Another persistent rumor is that Dogecoin, like Ethereum, might migrate from the PoW to the PoS mechanism. If that happens, an influx of developers could set a firmer foundation under Dogecoin's price by tethering the token to new dApps. Dogecoin's investors could also reduce its volatility by staking their tokens. They could also finally set up new "burn portals" to take more tokens out of circulation and cap its supply. However, that could be a very difficult transition to pull off.

另一個持續存在的傳言是，狗狗幣和以太坊一樣，可能會從 PoW 機制遷移到 PoS 機制。如果發生這種情況，大量開發人員的湧入可以透過將代幣與新的 dApp 捆綁在一起，為狗狗幣的價格奠定更堅實的基礎。狗狗幣的投資者還可以透過抵押其代幣來降低其波動性。他們最終還可以建立新的“銷毀門戶”，以停止更多代幣的流通並限制其供應。然而，這可能是一個非常難以實現的過渡。

Ditching the PoW mechanism would also alienate its mining community, since PoS tokens can only be staked instead of mined. Declining interest rates might drive more investors back to Dogecoin, but bigger "blue chip" tokens like Bitcoin and Ether would also benefit from that rotation. In other words, it's still tough to see the long-term catalysts for Dogecoin.

放棄 PoW 機制也會疏遠其挖礦社區，因為 PoS​​ 代幣只能質押而無法挖礦。利率下降可能會促使更多投資者重返狗狗幣，但比特幣和以太幣等更大的「藍籌」代幣也將從這種輪換中受益。換句話說，仍然很難看到狗狗幣的長期催化劑。

So, should you buy Dogecoin right now?Dogecoin's price more than doubled over the past 12 months as the crypto winter ended, but its

那麼，您現在應該購買狗狗幣嗎？