為什麼以太坊（ETH）比Dogecoin（Doge）更好的投資

對於許多投資者來說，以太坊（ETH 2.60％）或Dogecoin（Doge 8.33％）的問題更有可能將1,000美元的投資變成10,000美元的投資有明顯的（和錯誤）的答案。

Many investors are focused on the question of which asset is more likely to turn an investment of $1,000 into $10,0.0 in the next few years: Ethereum (CRYPTO:ETH 2.60%) or Dogecoin (CRYPTO:DOGE 8.33%).

許多投資者專注於以下幾年中哪些資產更有可能將1,000美元投資的投資變成10,0.0美元：以太坊（Crypto：ETH 2.60％）或Dogecoin（Crypto：Doge 8.33％）。

To most, the answer seems obvious (and wrong). Many assume that the unpredictable skyrocketing of the dog-themed meme coin is the only way to capture the kind of growth that makes an investment grow 10-fold in value.

對於大多數人來說，答案似乎很明顯（和錯誤）。許多人認為，以狗為主題的模因硬幣的不可預測的飛漲是捕獲使投資價值增長10倍的增長的唯一方法。

Learning which of these two coins is the better option for long-term wealth-building is something that every investor should do. Here's how to approach this issue and why there's only one right answer here.

每個投資者都應該學習這兩個硬幣中的哪一個是長期財富建設的更好選擇。這是解決此問題的方法，以及為什麼這裡只有一個正確的答案。

Most people know Ethereum as the chain with a huge ecosystem of decentralized finance (DeFi) projects, along with a few meme coins, non-fungible token (NFT) markets, and a plethora of other projects. It's also the second-largest cryptocurrency behind Bitcoin, which means that it has quite a lot of momentum, not to mention a market cap of almost $300 billion.

大多數人都知道以太坊是巨大的生態系統（DEFI）項目，以及一些模因硬幣，不可殺死的代幣（NFT）市場以及其他大量其他項目。它也是僅次於比特幣的第二大加密貨幣，這意味著它具有很多動力，更不用說近3000億美元的市值了。

Newer tokens hosted on its blockchain include infrastructure projects for artificial intelligence (AI), as well as some AI agents themselves, which could be major drivers for growth over the medium term and perhaps beyond. When it comes to the number of developers working on the chain, as well as the amount of capital that's available to fund ambitious new projects, Ethereum is somewhere between difficult and impossible to beat.

在其區塊鏈上託管的較新令牌包括人工智能基礎設施項目（AI）以及一些AI代理本身，這可能是中期甚至超越的主要增長驅動力。當涉及到鏈條上工作的開發人員的數量以及用於資助雄心勃勃的新項目的資本數量時，以太坊在困難和不可能擊敗之間。

Alas, most cryptocurrency fans also know Ethereum as the blockchain that's consistently hampered by high gas (user) fees, slow transaction times, and, most recently, as being the home of a crypto exchange that suffered a hack resulting in it losing $1.5 billion. Its leadership, a nonprofit organization called the Ethereum Foundation, is currently in a state of reorganization, which could eventually help to address some of its long-running technical issues.

las，大多數加密貨幣粉絲也知道以太坊是由高氣（用戶）費用，緩慢交易時間阻礙的區塊鏈，最近，作為加密貨幣交易所的家園，遭受了黑客攻擊，導致其損失了15億美元。它的領導力是一個名為The Ethereum Foundation的非營利組織，目前處於重組狀態，最終可能有助於解決其一些長期運行的技術問題。

But does any of this make it a good investment?

但是，這是否使其成為一項不錯的投資？

If you had invested $1,000 in Ethereum five years ago, today you'd have just over $11,000. So in principle this asset is capable of experiencing the scale of growth that we're looking for here. And, despite its struggles, it's reasonable to bet on this chain being around for the long term, as it's such a central pillar of the crypto sector that a total wipeout is almost impossible to imagine.

如果您五年前已經向以太坊投資了1,000美元，那麼今天，您的價格將超過11,000美元。因此，原則上，該資產能夠體驗我們在這裡尋找的增長規模。而且，儘管有掙扎，但長期押注這條鏈條是合理的，因為這是加密貨幣領域的中心支柱，以至於幾乎無法想像。

Let's handle a difficult thought to get it out of the way.

讓我們處理一個困難的想法，以使其脫離。

If you had invested $1,000 in Dogecoin five years ago, you would have nearly $89,000 today. That's a lot of money and an amazing return. But the idea that you could replicate the same investment if you did it today is bunk. Here's why.

如果您五年前已經向Dogecoin投資了1,000美元，那麼今天您將擁有近89,000美元。這是很多錢，而且回報了。但是，如果您今天這樣做的話，您可以復制相同的投資的想法是舖位。這就是原因。

What are the factors that created the speculative frenzy that sent Dogecoin's price flying during the past year or so? The explanation for the coin's speculative boom in 2021, namely the presence of strong fiscal stimulus, a semi-captive audience of investors sheltering from the pandemic, and historically loose monetary policy, is certainly not the case this time around. Perhaps the cryptocurrency bull market deserves the credit.

在過去的一年左右的時間裡，造成了狗狗價格飛行的投機性瘋狂的因素是什麼？硬幣在2021年對投機性繁榮的解釋，即，有強大的財政刺激，避開大流行的投資者的半佔領受眾以及歷史上寬鬆的貨幣政策，這無疑不是這次的情況。也許加密貨幣牛市應該得到信譽。

But that's of no use for investors looking forward. Remember, for your Dogecoin investment to deliver a 10-fold gain, you can't simply hope for it to behave the same as it did in the past. You need to articulate an investment thesis for why it will be worth much more tomorrow than it is worth today.

但這對期待投資者沒有用。請記住，為了獲得10倍的收益，您不能簡單地希望它的行為與過去一樣。您需要闡明一項投資論文，以說明為什麼明天將比今天值得更多。

That's a difficult task, considering that it's a meme coin. There aren't any drivers of value generation in its repertoire, nor is there a leadership team that could guide it toward creating such drivers in the future. There's only the ability for investors to pay more or less attention to it based on its short-term price action, which could in turn encourage them to buy it to assuage their fear of missing out (FOMO).

考慮到這是模因硬幣，這是一項艱鉅的任務。其曲目中沒有任何價值產生的驅動力，也沒有一個領導團隊可以指導將來創建此類驅動因素。只有投資者根據其短期價格行動來或更少的關注能力，這反過來又可以鼓勵他們購買它來緩解他們對失踪的恐懼（FOMO）。

So the coin is uninvestable for serious investors. And without a clear concept for how it could actually turn $1,000 into $10,000 during the next few years, there's no contest here.

因此，對於認真的投資者，硬幣無法投資。而且，如果沒有明確的概念，即在未來幾年內如何將1,000美元變成10,000美元，這裡沒有比賽。

Ethereum is the investment that's more likely to help your money to grow, even if it might take a very long time for it to increase your holdings 10-fold. Even if it's imperfectly led and imperfectly implemented technically, the chain can react to new developments, increase its capabilities, and generally gain in value by virtue of work being performed by management as well as the many developers in its ecosystem. Dogecoin simply can't do any of that.

以太坊是一項更有可能幫助您的錢增長的投資，即使可能需要很長時間才能增加您的持股10倍。即使在技術上不完美地領導和不完美地實施它，該鏈也可以對新的發展，提高其能力，並通過管理層以及其生態系統中的許多開發人員的工作來提高其能力，並普遍提高價值。 Dogecoin根本無法做任何事情。