狗狗幣（DOGE）不再是沉睡的狗

全球最受歡迎的 Meme 幣在過去 30 天內上漲了 188%，今年迄今上漲了 340%。

Dogecoin (CRYPTO: DOGE) is no longer sleeping soundly. The world’s leading meme coin has now risen 188% over the past 30 days, and a mind-boggling 340% year to date. In the wake of Donald Trump winning the U.S. presidency, Dogecoin has been one of the hottest performers in the crypto market.

狗狗幣（加密貨幣：DOGE）不再熟睡。全球領先的迷因幣在過去 30 天內已上漲 188%，今年迄今已上漲 340%，令人難以置信。在唐納德·川普贏得美國總統職位後，狗狗幣一直是加密貨幣市場中表現最熱門的貨幣之一。

But what's really going on here? Is this yet another case of a meme coin exploding in value thanks to hype and buzz, or is there something else at play driving Dogecoin's recent resurgence? Let's take a closer look.

但這裡到底發生了什麼事？這是模因幣因炒作和熱議而價值爆炸的另一個案例，還是有其他因素在推動狗狗幣最近的復甦？讓我們仔細看看。

The Elon Musk narrative

伊隆馬斯克的敘述

Dogecoin's return to prominence has been fueled by the pro-crypto optimism surrounding the Trump administration. On the campaign trail, Trump made several pro-crypto promises. While none of them pertain specifically to Dogecoin, they do point to a new pro-business regulatory regime for crypto, as well as the growing mainstream acceptance of crypto in the investment world. All of that, naturally, would be positive for Dogecoin.

川普政府對加密貨幣的樂觀情緒推動了狗狗幣的重新崛起。在競選過程中，川普做出了多項支持加密貨幣的承諾。雖然它們都不是專門針對狗狗幣的，但它們確實指出了新的有利於商業的加密貨幣監管制度，以及投資界對加密貨幣日益增長的主流接受度。當然，所有這些對狗狗幣都是正面的。

But what really seems to be driving Dogecoin's breakout is the unofficial support from billionaire Elon Musk, who has been appointed by Trump to create a new Department of Government Efficiency, or DOGE for short. As a result, "DOGE" has been making headlines in the traditional financial media and on social media. Since DOGE is the ticker symbol for Dogecoin, it's easy to see why crypto traders have been rushing to buy this meme coin.

但真正推動狗狗幣突破的似乎是億萬富翁伊隆馬斯克的非官方支持，他被川普任命創建一個新的政府效率部，簡稱 DOGE。因此，「DOGE」一直成為傳統財經媒體和社群媒體的頭條新聞。由於 DOGE 是狗狗幣的股票代碼，因此很容易理解為什麼加密貨幣交易者一直在爭先恐後地購買這種迷因硬幣。

While Musk has never officially said that Dogecoin would become a part of the future of DOGE, the anticipation is that somehow the tech billionaire will find a way to integrate crypto into its strategy. Maybe Musk will help make it possible to pay your taxes in Dogecoin rather than dollars one day?

儘管馬斯克從未正式表示狗狗幣將成為 DOGE 未來的一部分，但人們預計這位科技億萬富翁會以某種方式找到一種將加密貨幣整合到其策略中的方法。也許馬斯克有一天會幫你用狗狗幣而不是美元繳稅？

It's the same type of anticipation that fueled a mini-rally in Dogecoin when Musk acquired Twitter (now known as X) in April 2022. Crypto bulls expected Dogecoin integration for Twitter to be coming soon, given Musk's prior support for Dogecoin. More than two years later, it has thus far not materialized.

當馬斯克在2022 年4 月收購Twitter（現稱為X）時，正是這種預期推動了狗狗幣的小幅上漲。狗狗幣整合很快就會到來。兩年多過去了，這個想法至今仍未實現。

Coinbase joins the DOGE discussion

Coinbase 加入 DOGE 討論

If it were just Musk drumming up support for DOGE, it might be easy to dismiss the latest Dogecoin hype. After all, we've seen this same story before with Twitter. But now a number of high-profile business leaders are starting to talk up DOGE. One of those is Brian Armstrong, CEO of Coinbase Global (NASDAQ:COIN).

如果只是馬斯克在鼓動對 DOGE 的支持，那麼可能很容易忽略最新的狗狗幣炒作。畢竟，我們之前在 Twitter 上也看過同樣的故事。但現在一些知名商界領袖開始談論 DOGE。 Coinbase Global（納斯達克股票代碼：COIN）執行長布萊恩·阿姆斯壯（Brian Armstrong）就是其中之一。

According to Armstrong, DOGE -- the government entity, not the coin -- is all about economic freedom, reducing the size of government, and eliminating government waste. He has even suggested that DOGE might lead to the abolishment of the individual income tax or a new constitutional amendment to limit government spending. So we're not just talking about a few nips and tucks to save the government some money; we're talking about huge, fundamental ideas that could impact the future of America.

阿姆斯壯認為，DOGE（政府實體，而不是硬幣）的全部意義在於經濟自由、縮小政府規模和消除政府浪費。他甚至暗示 DOGE 可能會導致廢除個人所得稅或製定新的憲法修正案以限制政府支出。因此，我們談論的不僅僅是為了給政府節省一些錢而進行的一些整頓和褶皺；我們正在談論可能影響美國未來的巨大而基本的想法。

Why people are investing in meme coins

為什麼人們要投資模因幣

That's why I believe Dogecoin's recent rally is more than just a fad -- it points to something significant happening within American society. And that's not necessarily a good thing.

這就是為什麼我相信狗狗幣最近的上漲不僅僅是一種時尚——它表明美國社會正在發生一些重大的事情。這不一定是好事。

People invest in meme coins when they don't have confidence in traditional assets. People buy into the narrative that meme coins will make them rich overnight because they have lost faith in the American dream. And they buy meme coins instead of fiat currencies (like the U.S. dollar) because they have lost confidence in the "full faith and credit of the federal government."

當人們對傳統資產沒有信心時，他們就會投資迷因幣。人們相信迷因幣會讓他們一夜致富的說法，因為他們對美國夢失去了信心。他們購買模因幣而不是法定貨幣（如美元），因為他們對「聯邦政府的充分信任和信用」失去了信心。

That might sound like I'm making the case for investing in Dogecoin or other meme coins. I'm not. What I'm saying is that Dogecoin's post-election rally is more than just a fun new way to play the "Trump trade" in the crypto market. It's a symptom of a much bigger problem.

這聽起來像是我在論證投資狗狗幣或其他迷因幣。我不是。我想說的是，狗狗幣在選舉後的反彈不僅僅是在加密市場上進行「川普交易」的一種有趣的新方式。這是一個更大問題的徵兆。

Meme coin mania

米姆硬幣狂熱

In 2025, look for meme coin mania to continue. Crypto investors will probably rotate out of a core group of meme coins -- like Dogecoin, Shiba Inu, Pepe, Bonk, and Floki -- depending on which one has the greatest momentum. Right now, Dogecoin has all the momentum, but there are signs that Floki might be next, given its new Coinbase listing.

2025 年，迷因幣熱潮將會持續。加密貨幣投資者可能會從一組核心迷因幣中退出——例如狗狗幣、柴犬幣、佩佩幣、邦克幣和弗洛基幣——具體取決於哪種幣的勢頭最大。目前，狗狗幣勢頭強勁，但有跡象表明，鑑於其新上市的 Coinbase，Floki 可能是下一個。

Just one month before the election, Mark Cuban, a tech billionaire, likened investing in meme coins to a game of musical chairs. It's enjoyable to participate in the game as long as you don't wind up holding the wrong meme coin when the music stops. If you're still thinking about putting money into Dogecoin, you should keep that in mind.

就在大選前一個月，科技億萬富翁馬克·庫班將投資迷因幣比喻為搶椅子遊戲。只要當音樂停止時你沒有拿著錯誤的模因硬幣，參與遊戲就會很有趣。如果您仍在考慮將錢投入狗狗幣，您應該記住這一點。