在過去的一年中，加密貨幣投資者特別喜歡比特幣和以太坊等主流選擇以外的機會。

在我身上突出的兩個加密貨幣是XRP（XRP -2.90％）和Dogecoin。下面，我將評估驅動這些加密貨幣中每一種的原因，並探索為什麼其中一個看起來像是更好的買入。

During the past year, cryptocurrency investors have taken a particular liking to opportunities beyond mainstream choices like Bitcoin (BTC -0.48%) and Ethereum (ETH -0.37%).

在過去的一年中，加密貨幣投資者特別喜歡比特幣（BTC -0.48％）和以太坊（ETH -0.37％）等主流選擇以外的機會。

Two cryptocurrencies that stand out to me are XRP (XRP -2.90%) and Dogecoin (CRYPTO:DOGE). Below, I'll assess what's been driving each of these cryptocurrencies and explore why one of them looks like the better buy.

在我身上突出的兩個加密貨幣是XRP（XRP -2.90％）和Dogecoin（加密：Doge）。下面，我將評估驅動這些加密貨幣中每一種的原因，並探索為什麼其中一個看起來像是更好的買入。

Taking a look at XRPAfter the U.S. presidential election, investors began to notice a shift in cryptocurrency prices. As a candidate, Donald Trump had been a vocal supporter of crypto, and after his election win it became clear that pro-crypto leadership was on its way to the Securities and Exchange Commission (SEC).

從美國總統大選來看，投資者開始注意到加密貨幣價格的變化。作為候選人，唐納德·特朗普（Donald Trump）曾是加密貨幣的聲音支持者，在選舉勝利之後，很明顯，親克萊特托（Pro-Crypto）領導人正在前往證券交易委員會（SEC）。

The SEC had been involved with a years-long lawsuit against cryptocurrency company Ripple (XRP -2.90%)—which had set out to disrupt the financial transaction systems used today. As a result of the candidates' stance on crypto, as well as the leadership changes at the SEC, many believed that the agency's case against Ripple would be dropped by the time Trump took office.

SEC涉及針對加密貨幣公司Ripple（XRP -2.90％）的長達一年的訴訟，該訴訟旨在破壞當今使用的金融交易系統。由於候選人對加密貨幣的立場以及領導層在SEC發生變化，許多人認為，在特朗普上任時，該機構對Ripple的案件將被撤銷。

Now, if you aren't familiar with XRP, you may recognize the company behind it. XRP was developed as a means to facilitate financial transactions similar to what the Society for Worldwide Interbank Financial Telecommunication (SWIFT) does. The central appeal of XRP is that it can complete cross-border transactions more efficiently (i.e., faster and cheaper) than the legacy SWIFT system.

現在，如果您不熟悉XRP，則可以識別其背後的公司。 XRP的開發是一種促進金融交易的一種手段，類似於銀行間財務電信協會（SWIFT）。 XRP的核心吸引力是，它可以比傳統Swift系統更有效地完成跨境交易（即更快，更便宜）。

Although the appearance of disruptive, potentially superior technology might capture your interest, XRP's utility isn't much of a driving force.

儘管出現破壞性，潛在的高級技術可能會引起您的興趣，但XRP的效用並不是一件驅動力。

XRP Price Data by YCharts

YCHARTS的XRP價格數據

As you can see above, the price of XRP began to surge noticeably around November 2024, after Trump won the presidential election and before he took office.

如上所述，在特朗普贏得總統大选和上任之前，XRP的價格在2024年11月左右開始明顯上漲。

If you’re wondering what drove this surge in XRP's price, it had less to do with anything related to the cryptocurrency itself and more to do with the political climate at the time.

如果您想知道是什麼促使XRP的價格激增，那麼它與與加密貨幣本身有關的任何事物無關，而與當時的政治氣氛有關。

As I mentioned earlier, Trump's administration was largely viewed as being more favorable toward cryptocurrencies than the prior administration. After Trump's inauguration in mid-January, XRP experienced another jolt. Finally, earlier this month, the SEC dropped its suit against Ripple—as the XRP bulls had been anticipating.

正如我之前提到的，特朗普的政府在很大程度上被視為對加密貨幣比先前的政府更有利。特朗普在1月中旬開幕後，XRP又經歷了又一次的震動。最終，本月早些時候，SEC對Ripple撤銷了訴訟，正如XRP公牛隊所期望的那樣。

The second notable surge in XRP occurred during mid-January, after Trump's inauguration. Finally, earlier this month, the SEC dropped its suit against Ripple—as the XRP bulls had been anticipating.

XRP的第二次值得注意的激增發生在特朗普就職典禮後的1月中旬。最終，本月早些時候，SEC對Ripple撤銷了訴訟，正如XRP公牛隊所期望的那樣。

Taking a look at DogecoinIn a similar fashion to XRP, the price of Dogecoin (CRYPTO:DOGE) kicked into a new gear after the election. In my eyes, the rising popularity in Dogecoin around this time was not coincidental.

看看Dogecoinin與XRP類似的方式，Dogecoin（Crypto：Doge）的價格在選舉後踢到了新裝備中。在我看來，這段時間在Dogecoin的普及並不是偶然的。

Dogecoin Price Data by YCharts

YCHARTS的Dogecoin價格數據

As a result of Trump's victory, Tesla (NASDAQ:TSLA) Chief Executive Officer Elon Musk was chosen to lead a new federal project called the Department of Government Efficiency (DOGE).

由於特朗普的勝利，特斯拉（納斯達克：TSLA）首席執行官埃隆·馬斯克（Elon Musk）被選為領導一個名為政府效率部（DOGE）的新聯邦項目。

My suspicion is that some investors found it humorous that the DOGE moniker shares the same ticker as Dogecoin, and as such, a narrative began. More specifically, I think investors bought into the idea that Dogecoin may be somehow officially endorsed, given its shared abbreviation with DOGE.

我的懷疑是，有些投資者發現，Doge的綽號與Dogecoin具有相同的股票股票，因此開始了敘述。更具體地說，我認為投資者認為，鑑於Dogecoin與Doge的共同縮寫，投資者可能會以某種方式得到正式認可。

However, the chart above clearly illustrates that Dogecoin's price has been on the decline since December. In my view, this sell-off is just beginning.

但是，上圖清楚地表明，自12月以來，Dogecoin的價格一直在下跌。我認為，這種拋售才剛剛開始。

I think investors have largely realized that Dogecoin is a meme coin and that it does not have utility the same way as Bitcoin or Ethereum. Moreover, DOGE does not appear to be involved or utilizing anything related to Dogecoin specifically.

我認為投資者在很大程度上已經意識到Dogecoin是一種模因硬幣，並且它的用途與比特幣或以太坊沒有相同的用途。此外，Doge似乎沒有涉及或使用與Dogecoin有關的任何東西。

Final verdictI think the sell-off in Dogecoin is just getting started, and smart investors are best off avoiding investing in narratives supported by memes.

最終的判決認為，Dogecoin的拋售才剛剛起步，聰明的投資者最好避免對模因支持的敘述進行投資。

With that said, XRP isn't as mainstream as legacy financial transaction systems. As I analyzed above, XRP's price increases have largely been tied to bullish narratives around the Trump administration and its stance on crypto as a whole, as well as the positive news out of the SEC. In other words, XRP's price is not rising due to much in the way of Ripple's business fundamentals or notable adoption of the XRP technology.

話雖如此，XRP不如傳統金融交易系統那麼主流。正如我上面分析的那樣，XRP的價格上漲很大程度上與圍繞特朗普政府及其整個加密貨幣的立場以及SEC中的正面消息有關。換句話說，XRP的價格並沒有上漲，這是因為波紋的業務基礎或XRP技術的明顯採用。

Even so, I am cautiously optimistic that 2025 could be a transformative year for XRP as the trepidation around the SEC and its decisions pertaining to Ripple should subside. Although this could be a bullish indicator for XRP's adoption in the long run, investors are going to need to exercise some patience. Ultimately, I see an investment in XRP as the clear choice in this analysis but would caution investors against buying into the idea that it will turn into a multibagger overnight.

即便如此，我謹慎樂觀地認為，2025年對於XRP來說可能是變革的一年，因為SEC周圍的恐懼及其與波紋有關的決定應消失。儘管從長遠來看，這可能是XRP採用的看漲指標，但投資者需要行使一些耐心。最終，我認為對XRP的投資是這項分析的明確選擇，但會謹記投資者不購買一夜之間將其變成多巴格的想法。