Meme 股票狂熱消退，讓狗狗幣望塵莫及

2024 年 3 月，狗狗幣 (DOGE) 仍比歷史高點低 74%，面臨投資者興趣下降的局面。雖然支持者希望每枚代幣價格飆升至 1 美元，但這一目標取決於重大變化。狗狗幣的充足供應、潛在的安全分類以及缺乏機構採用都帶來了挑戰。儘管達到 1 美元的目標有明確的路徑，但Google趨勢數據和最近的市場表現表明，實現這一里程碑的可能性微乎其微。

Meme Stock Craze Fades, Leaving Dogecoin in the Shadows

Meme 股票熱潮消退，狗狗幣陷入陰影

In the exuberance of 2021, the meme-stock phenomenon ignited a frenzy in cryptocurrencies, with Dogecoin (DOGE) reaching dizzying heights. However, by the spring of 2024, the dog-themed coin has retreated significantly, its value hovering 74% below its all-time peak.

在繁榮的 2021 年，迷因股現象引發了加密貨幣的狂熱，狗狗幣 (DOGE) 達到了令人目眩的高度。然而，到 2024 年春天，這種以狗為主題的硬幣已經大幅回落，其價值比歷史高峰低了 74%。

While some ardent supporters still cling to the hope of a return to glory, the path to $1 per coin remains a formidable challenge. Only one fundamental shift, following in the footsteps of its digital progenitor, Bitcoin, holds the key to unlocking such a surge.

儘管一些熱心支持者仍然抱持著重返輝煌的希望，但通往每枚硬幣 1 美元的道路仍然是一個艱鉅的挑戰。只有追隨其數位鼻祖比特幣腳步的一個根本轉變，才是開啟這一激增的關鍵。

Mimicking Bitcoin's Ascent

模仿比特幣的上漲

Conceived in 2013 as a lighthearted homage to Bitcoin, Dogecoin operates on its own version of the iconic blockchain network. As a decentralized payment method and store of value, its utility primarily revolves around facilitating transactions.

狗狗幣於 2013 年誕生，旨在向比特幣致敬，它在標誌性區塊鏈網路的自己版本上運行。作為一種去中心化的支付方式和價值儲存手段，其效用主要圍繞在促進交易。

To emulate Bitcoin's trajectory, Dogecoin must undergo a transformative evolution. Its current supply of 144 billion coins, with a perpetual minting rate of 10,000 per minute, acts as a dilutive force. However, if developers devise a mechanism to halt coin creation and burn existing ones, it could significantly reduce its availability, bolstering its value.

為了效法比特幣的發展軌跡，狗狗幣必須經歷變革性的演進。目前其供應量為 1,440 億枚，永久鑄造率為每分鐘 10,000 枚，具有稀釋作用。然而，如果開發人員設計出一種機制來停止代幣創建並銷毀現有代幣，則可能會顯著降低其可用性，從而提升其價值。

Moreover, the Securities and Exchange Commission (SEC)'s looming threat to classify all cryptocurrencies besides Bitcoin as securities casts a regulatory shadow over Dogecoin. A clear exemption from this designation would alleviate regulatory concerns, potentially increasing demand.

此外，美國證券交易委員會（SEC）即將威脅將除比特幣之外的所有加密貨幣歸類為證券，這給狗狗幣蒙上了監管陰影。明確免除此指定將減輕監管擔憂，可能會增加需求。

Institutional Adoption and Regulatory Clarity

機構採用和監管清晰度

Dogecoin's path to wider adoption would be greatly enhanced by its inclusion in institutional investment portfolios, corporate balance sheets, and government reserves. These entities represent vast pools of capital that could propel its value to unprecedented levels.

狗狗幣被納入機構投資組合、企業資產負債表和政府儲備中，將大大促進其更廣泛採用的道路。這些實體代表著巨大的資本池，可以將其價值推向前所未有的水平。

Curbing Unrealistic Expectations

抑制不切實際的期望

While the theoretical path to a sixfold increase to $1 per coin exists, the probability of Dogecoin achieving this feat appears remote.

雖然理論上存在著將每枚硬幣增加六倍至 1 美元的路徑，但狗狗幣實現這一壯舉的可能性似乎很小。

Google Trends data reveals a precipitous decline in investor interest, with search queries for "Dogecoin" plummeting to a mere 3% of their peak during the meme craze. Moreover, the cryptocurrency has consistently underperformed the broader crypto market since the bull market resurged in 2023.

谷歌趨勢數據顯示，投資人興趣急劇下降，「狗狗幣」的搜尋查詢量驟降至迷因熱潮期間高峰的僅 3%。此外，自 2023 年牛市復甦以來，加密貨幣的表現一直落後於更廣泛的加密市場。

Furthermore, Dogecoin lacks the deep network effects and first-mover advantage of Bitcoin. Despite sporadic bursts of hype, long-term capital will likely continue to flow towards the established digital currency, leaving Dogecoin with a limited role in the expanding crypto ecosystem.

此外，狗狗幣缺乏比特幣的深層網路效應和先發優勢。儘管有零星的炒作，但長期資本可能會繼續流向成熟的數位貨幣，從而使狗狗幣在不斷擴大的加密生態系統中發揮有限的作用。

Conclusion

結論

While hope springs eternal among Dogecoin enthusiasts, it is imperative to temper expectations. The path to $1 remains treacherous, and the likelihood of it being reached in the foreseeable future remains highly improbable.

雖然狗狗幣愛好者的希望永遠存在，但必須降低期望。通往 1 美元的道路仍然充滿危險，在可預見的未來達到 1 美元的可能性仍然很小。