Dogecoin vs Trump Coin：哪個模因令牌是更好的購買？

Dogecoin（Doge）和官方的特朗普模因硬幣以及股票特朗普（Trump Trump）都是目前最著名的模因扮演。

Both Dogecoin (DOGE -1.87%) and the Official Trump meme coin, with the ticker TRUMP, are among the most well-known meme plays out there at the moment. But, contrary to what you may have heard, not all meme coins are the same in terms of their balance of risk to reward.

Dogecoin（Doge -1.87％）和官方的特朗普模因硬幣（帶有特朗普的股票）都是目前最著名的模因扮演。但是，與您可能聽到的內容相反，並非所有模因硬幣都在獎勵的風險平衡方面都是相同的。

And, in this particular matchup, there's a lot to discuss. So let's dive in.

而且，在這個特殊的比賽中，有很多要討論的事情。因此，讓我們潛入。

This dog coin has already proven its staying power

這隻狗硬幣已經證明了其持久力

Dogecoin is the meme coin that started its entire asset class within cryptocurrency, and many years later it's still alive and kicking, with an impressively large market cap of around $47 billion.

Dogecoin是模因硬幣，在加密貨幣範圍內開始了整個資產類別，多年後，它仍然活著並踢了，令人印象深刻的市值約為470億美元。

In terms of the investment thesis for buying Dogecoin, this chart does a better job of explaining it than words alone:

就購買Dogecoin的投資論文而言，該圖表在解釋它方面做得更好，而不是單獨的單詞：

Dogecoin Price data by YCharts.

YCHARTS的Dogecoin價格數據。

As you can see, on average Dogecoin shares a high degree of correlation with the action of Bitcoin. That implies if Bitcoin retains its habit of surging and ebbing in four-year cycles, in keeping with the rough timing of the halving of its mining reward, there's always going to be extra liquidity to flow from Bitcoin to Dogecoin.

如您所見，Dogecoin平均與比特幣的作用有高度的相關性。這意味著，如果比特幣保留其在四年周期中激增和消滅的習慣，這與礦業獎勵減半的粗略時機保持一致，那麼從比特幣轉向Dogecoin，總會有額外的流動性。

Put more simply, if Bitcoin continues to make investors richer in specific periods of time, some of the additional money they make ends up getting spent on Dogecoin on average. That makes sense because investors can probably find a higher return during a speculative boom in Dogecoin than in Bitcoin, as it tends to be more volatile.

簡而言之，如果比特幣在特定時期內繼續使投資者變得更富有，那麼他們又能平均花在Dogecoin上的一些額外錢。這是有道理的，因為投資者在狗狗幣的投機性繁榮期間可能會發現比比特幣中的回報更高，因為它往往更加波動。

Then there's the other element of the Dogecoin thesis. As a meme, Dogecoin has continued to garner a significant amount of attention every few years for more than a decade now. Investors keep coming back in anticipation of the next run-up, and the meme itself is broadly recognizable and easy to riff on.

然後是狗狗幣論文的另一個要素。作為模因，多年多年來，多黴素每隔十多年就繼續引起大量關注。投資者不斷回來，以期待下一次興起，模因本身是可以識別的，易於即興即可。

Furthermore, the coin may one day be included in exchange-traded funds (ETFs) that give it more exposure to liquidity from the traditional financial markets. But those ETFs aren't approved yet.

此外，硬幣可能有一天被包括在交易所交易的基金（ETF）中，這些資金使其更多地從傳統金融市場中獲得流動性。但是這些ETF尚未獲得批准。

Does that mean you should buy it? No, at least not until you've diversified your portfolio with safer investments, and not unless you're willing to lose all of your money.

這是否意味著您應該購買？不，至少直到您將投資組合用更安全的投資進行多樣化，除非您願意損失所有的錢。

The president's new meme coin is a gamble, but there are worse ones

總統的新模因硬幣是一場賭博，但更糟糕的是

Hot off its launch on Jan. 17, Trump's meme coin has a market cap of roughly $5 billion today, making it one of the largest meme coins that exists.

Hot於1月17日發射，特朗普的Meme Coin今天的市值約為50億美元，使其成為現有的最大模因硬幣之一。

Though it doesn't have the same vintage as Dogecoin, it does have one very obviously powerful factor driving its price: It bears the name and endorsement of the president of the U.S., and it's the only cryptocurrency with that distinction. During what's expected to be a pro-cryptocurrency administration, having the explicit support of the president means that it is unlikely for Trump's coin to go to zero. It could also potentially catch a major tailwind if the president's actions cause people to want to buy his coin. And that dynamic could easily last for the entire four-year term.

儘管它與Dogecoin的年份不同，但它確實具有一個非常有力的因素推動其價格：它具有美國總統的名字和認可，這是唯一具有這種區別的加密貨幣。在預計將是一個親密貨幣管理局的過程中，得到總統的明確支持意味著特朗普的硬幣不太可能佔零。如果總統的行為使人們想購買他的硬幣，它也可能會遇到重大的逆風。這種動態可以在整個四年任期內很容易持續。

Furthermore, much like Dogecoin, there are TRUMP ETFs that are currently under consideration for approval by regulators. Should they get approved, it'll be easier for investors with traditional financial accounts to pile in without needing to mess with any cryptocurrency software or applications.

此外，與Dogecoin一樣，目前正在考慮受監管機構批准的特朗普ETF。如果他們獲得批准，那麼擁有傳統財務帳戶的投資者就可以更輕鬆地堆積，而無需弄亂任何加密貨幣軟件或應用程序。

But none of these drivers can make this coin into a good investment, only one that's less bad than other meme coins. Still, in comparison to Dogecoin, the official Trump coin actually has a serious impediment: It's inherently political.

但是，這些驅動因素都不能使這枚硬幣成為一筆不錯的投資，只有比其他模因硬幣不糟糕的投資。儘管如此，與Dogecoin相比，官方的特朗普硬幣實際上具有嚴重的障礙：這是固有的政治性。

Regardless of their political opinions, the mere whiff of an enduring threat from politics will keep away at least some potential investors, even if it'll attract others. Thus there is likely a lower ceiling on the coin's total accessible value within the cryptocurrency sector. Then there's the inescapable risk that some of the president's actions could detrimentally influence the price of the coin, which can't be ruled out if one admits that other actions could be beneficial, which is a core part of the investment thesis for the coin.

無論他們有什麼政治觀點，政治威脅的持久威脅都將使至少一些潛在的投資者避免，即使它會吸引其他投資者。因此，在加密貨幣部門內，硬幣的總可訪問值可能較低。然後是不可避免的風險，即某些總統的行動可能會有害影響硬幣的價格，如果有人承認其他行動可能是有益的，這是硬幣投資論文的核心部分，這是不能排除的。

So, between Dogecoin and Trump's official coin, Dogecoin is the better option. It has an established pattern of price action, and it isn't as vulnerable to political risks despite being exposed to political catalysts in the form of potential future ETF approvals. But, as mentioned previously, you shouldn't be spending your hard-earned dollars on speculating on these memes if there are safer investments out there that you haven't touched yet.

因此，在Dogecoin和特朗普的官方硬幣之間，Dogecoin是更好的選擇。它具有既定的價格行動模式，儘管以潛在的未來ETF批准形式暴露於政治催化劑，但它並不容易受到政治風險的影響。但是，如前所述，如果您尚未觸及的更安全的投資，您不應該花錢在這些模因上猜測這些模因。