Meme 幣展現了加密貨幣有趣的一面，但實用性將帶來顛覆

在過去的幾年裡，加密貨幣產業一直在努力將自己打造成投資者真正的資產類別

Cryptocurrency prices have soared over the past year, and that includes a surge in meme coins, which are digital currencies that are often created as a joke or parody.

加密貨幣價格在過去一年中飆升，其中模因幣的數量激增，這些貨幣通常是作為笑話或模仿而創建的。

Over the past week, Dogecoin (CRYPTO:DOGE) has soared 85% and now has a market cap of $53.3 billion. But it's not the only meme coin that's seen huge gains.

過去一周，狗狗幣（CRYPTO：DOGE）飆升了 85%，目前市值達到 533 億美元。但這並不是唯一獲得巨大收益的迷因幣。

As of Saturday at 9:00 a.m. ET, Pepe (CRYPTO:PEPE) is up 106.8% over the past week and has a market cap of $9.3 billion, dogwifhat (CRYPTO:WIF) is up 62% and has a market cap of $3.8 billion, and Shiba Inu (CRYPTO:SHIB) rose 28.9% to reach a market cap of $14.7 billion.

截至美國東部時間週六上午 9:00，Pepe (CRYPTO:PEPE) 過去一周上漲 106.8%，市值達 93 億美元，dogwifhat (CRYPTO:WIF) 上漲 62%，市值達 3.8 美元億美元，柴犬(CRYPTO: SHIB) 上漲28.9%，市值達147 億美元。

Meme coins are a big part of the cryptocurrency industry, and they indicate the fun and rebellious nature of crypto. They've also played a role in the industry's recovery over the past year.

Meme 幣是加密貨幣產業的重要組成部分，它們顯示了加密貨幣的樂趣和叛逆本質。他們還在過去一年的行業復甦中發揮了作用。

Vibes can drive the meme trade, as indicated by so many tokens being named after dogs in one form or another. And with speculation running rampant in all kinds of high-risk assets over the past month, it's no surprise that the meme tokens have benefited greatly.

氛圍可以推動迷因貿易，正如許多代幣以某種形式以狗命名所表明的那樣。隨著過去一個月各種高風險資產的投機活動猖獗，meme 代幣大幅受益也就不足為奇了。

But what memes don't bring is disruption to the financial system. You can't pay with Pepe tokens for a cup of coffee or buy a hat with dogwifhat.

但迷因不會帶來對金融體系的破壞。您無法使用 Pepe 代幣購買一杯咖啡或使用 Dogwifhat 購買帽子。

That utility is primarily taking place with stablecoins, which have the advantage of being on the blockchain and the stability of being backed by U.S. dollars.

這種效用主要是透過穩定幣來實現的，穩定幣具有區塊鏈上的優勢以及由美元支持的穩定性。

This is a natural tension in the trading today because it's clear stablecoins are what will help the blockchain be a truly disruptive technology. According to Visa, 426 million stablecoin transactions have occurred in the last 30 days, with $2.3 trillion in value.

這是當今交易中的自然緊張局勢，因為很明顯穩定幣將幫助區塊鏈成為真正的顛覆性技術。 Visa 的數據顯示，在過去 30 天內發生了 4.26 億筆穩定幣交易，價值 2.3 兆美元。

Those are big numbers and will continue to grow as payment companies like Stripe invest more in making blockchain rails a reality.

這些數字很大，隨著像 Stripe 這樣的支付公司增加投資，使區塊鏈軌道成為現實，這些數字將繼續增長。

As positive as this week was for meme coins, the momentum may already be fading. The election bounce in the S&P 500, which was magnified in crypto, has already started to fade.

儘管本週對於模因幣來說是積極的，但這種勢頭可能已經在減弱。標準普爾 500 指數的選舉反彈在加密貨幣中被放大，但已經開始消退。

What will be more critical are the appointments and policy changes that affect the crypto industry in the long term. I don't doubt there are big changes ahead, but that may not help meme coin values. Utility is likely to be a focus of policy changes and that utility may not extend to meme coins.

更重要的是長期影響加密貨幣產業的任命和政策變化。我毫不懷疑未來會發生重大變化，但這可能對迷因幣的價值沒有幫助。實用性可能是政策變化的焦點，而這種實用性可能不會延伸到迷因幣。

When speculation runs rampant, meme coins tend to benefit along with high-growth stocks, but the speculative phase doesn't last forever, and if there's no fundamental value underneath the trade will fade.

當投機猖獗時，迷因幣往往會與高成長股一起受益，但投機階段不會永遠持續下去，如果沒有基本價值，交易就會消失。

I think the better way to play the growth in crypto is companies like Coinbase and Robinhood, who can make money off trading but will benefit from the long-term utility being built. They have durable value, unlike meme coins.

我認為，利用加密貨幣成長的更好方式是像 Coinbase 和 Robinhood 這樣的公司，它們可以透過交易賺錢，但將從正在建立的長期實用程式中受益。與模因幣不同，它們具有持久價值。