在 Pepe 代幣的帶動下，Meme 幣本週飆升

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

Crypto memes took over the market this week as Dogecoin (CRYPTO: DOGE) soared 85% to a $53.3 billion market cap. But it wasn't alone.

本週，隨著狗狗幣（CRYPTO：DOGE）飆升 85% 至 533 億美元的市值，加密貨幣迷因席捲了市場。但它並不孤單。

Pepe (CRYPTO: PEPE) was up 106.8% as of Saturday at 9:00 a.m. ET and now has a $9.3 billion market cap, dogwifhat (CRYPTO: WIF) was up 62% to a $3.8 billion market cap, and Shiba Inu (CRYPTO: SHIB) jumped 28.9% to a $14.7 billion market cap.

截至美國東部時間週六上午 9:00，Pepe (CRYPTO: PEPE) 上漲 106.8%，目前市值為 93 億美元，dogwifhat (CRYPTO: WIF) 上漲 62%，市值為 38 億美元，Shiba Inu (CRYPTO) ： SHIB）躍升28.9%，市值達到147 億美元。

It sounds wild if you're not in crypto, but these meme coins are a big part of the industry. They indicate the fun and rebellious nature of crypto and have played a big role in the industry's recovery over the past year.

如果你不涉足加密領域，這聽起來很瘋狂，但這些迷因幣是這個行業的重要組成部分。它們體現了加密貨幣的樂趣和叛逆本質，並在過去一年中為該行業的復甦發揮了重要作用。

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。

Vibes versus disruption

共鳴與顛覆

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. 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.

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。這種效用主要是透過穩定幣來實現的，穩定幣具有位於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 (NYSE: V), 426 million stablecoin transactions have happened 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。根據 Visa（NYSE：V）的數據，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 growing as payment companies like Stripe (NYSE: STRIP) invest more in making blockchain rails a reality.

這些數字很大，而且隨著 Stripe（NYSE：STRIP）等支付公司加強投資力度，使區塊鏈軌道成為現實，這些數字還在不斷增長。

The vibe trade is fading

氛圍貿易正在消退

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 is 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 (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD), 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（納斯達克股票代碼：COIN）和Robinhood（納斯達克股票代碼：HOOD）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。