Dogecoin的複出比大多數人意識到的要遠得多

許多投資者看到了Dogecoin的價格，並認為潛在的複出僅僅是因為它與以前的高高相距甚遠。

Investors have been closely monitoring the price of Dogecoin (CRYPTO: DOGE) as it continues to soar. Currently, at roughly $0.35 per coin, Dogecoin's price must almost triple to reach $1. This significant milestone number could signal legitimacy for a cryptocurrency that began as a joke. But how likely is it, and does Dogecoin offer a legitimate upside for investors?

投資者一直在密切監視Dogecoin（加密：Doge）的價格，因為它繼續飆升。目前，Dogecoin的價格幾乎必須達到1美元才能達到1美元。這個重大的里程碑數字可能標誌著一個開玩笑的加密貨幣的合法性。但是它的可能性有多大，狗狗幣會為投資者提供合法的上漲空間嗎？

Here is what you need to know.

這是您需要知道的。

Many investors see Dogecoin's price and assume a potential comeback is only just beginning because it isn't close to its former high. Dogecoin's price must double from here to hit new highs and is nearly a triple away from reaching $1 per token.

許多投資者看到了Dogecoin的價格，並認為潛在的複出僅僅是因為它與以前的高高相距甚遠。 Dogecoin的價格必須從這裡增加一倍才能達到新的高點，並且距離每個令牌1美元幾乎只有三倍。

However, Dogecoin's comeback is already much further along than most realize. Unlike some cryptocurrencies that have a fixed supply, Dogecoin does not. Approximately 14.4 million new tokens are mined and added to the supply daily. At its peak in 2021, Dogecoin's market cap reached roughly $73.8 billion, while it's back up to $52.7 billion today.

但是，Dogecoin的複出已經比大多數人意識到的要遠。與一些具有固定供應的加密貨幣不同，Dogecoin沒有。每天挖掘大約1440萬個新令牌並將其添加到供應中。在2021年的高峰期，Dogecoin的市值達到了約738億美元，而今天的股票又達到了527億美元。

In other words, Dogecoin's price is about 50% off its high, while its market cap is down only 28%. That's how inflation works in cryptocurrencies and fiat currencies; if the supply grows faster than demand, the value of each token or dollar decreases. Dogecoin will always have this flawed trait, continually pushing down its price.

換句話說，Dogecoin的價格約為50％，而市值僅下降了28％。這就是通貨膨脹在加密貨幣和法定貨幣中的工作方式；如果供應的增長速度快於需求，則每個令牌或美元的價值會降低。 Dogecoin將始終具有這種缺陷的特質，不斷降低其價格。

Hypothetically, Dogecoin's price would increase if demand increased. However, several factors influence that, and they don't particularly favor Dogecoin.

假設需求增加，Dogecoin的價格將上漲。但是，有幾個因素會影響這一因素，而且它們並不特別喜歡狗狗。

First, meme coins like Dogecoin appeal to a limited audience. People have made money on Dogecoin and other meme coins, but they're highly volatile and risky, don't represent any underlying business or asset, and have little use in daily life. Buying meme coins is closer to gambling than investing, which is OK as long as you recognize the risks involved and limit them to a tiny portion of a diversified portfolio. Many investors won't participate.

首先，像Dogecoin這樣的模因硬幣吸引了有限的受眾。人們已經在Dogecoin和其他模因硬幣上賺錢，但是它們高度波動和風險，並不代表任何基本的業務或資產，並且在日常生活中幾乎沒有用。購買模因硬幣比投資更接近賭博，只要您認識到所涉及的風險並將其限制在多元化投資組合中的一小部分。許多投資者將不會參加。

Second, there's increasing competition. While Dogecoin was among the first meme coins and is still the largest today by a considerable margin, newer meme coins have gained steam, including Shiba Inu ($11.8 billion market cap), Pepe ($6.4 billion), and Official Trump ($5.8 billion).

其次，競爭日益加劇。儘管Dogecoin是第一批模因硬幣之一，並且仍然是當今最大的差距，但新的模因硬幣已經蒸蒸日上，包括Shiba Inu（118億美元的市值），Pepe（64億美元）和官方特朗普（58億美元）。

Unfortunately, meme coins often depend on virality to generate the demand that lifts prices. One could argue that Dogecoin must now battle for mindshare with its core audience.

不幸的是，模因硬幣通常取決於病毒性來產生提高價格的需求。有人可能會說，狗狗現在必須與核心觀眾爭奪思維舞。

There's no telling how high Dogecoin's recent momentum might carry it, but the odds seem against its price running to a dollar per token.

尚無法說明Dogecoin最近的勢頭可能會帶來多大的勢頭，但是與價格的價格似乎相對於每個代幣的價格達到了一美元。