当狗狗币低于 1 美元时你应该购买它吗？

狗狗币（CRYPTO：DOGE）自 2013 年 12 月推出以来，已经培养了许多百万富翁。这种加密货币最初是由两位软件工程师 Billy Markus 和 Jackson Palmer 模仿比特币（CRYPTO：BTC）创建的，并以病毒命名。 “doge”模因，其中有一只柴犬。

Dogecoin (CRYPTO: DOGE) has made a lot of millionaires since its launch in December 2013. The cryptocurrency was created as a parody of Bitcoin (CRYPTO: BTC) by two software engineers, Billy Markus and Jackson Palmer, and named after the viral "doge" meme, which features a Shiba Inu dog. Dogecoin was first traded at just $0.001540753 on Jan. 23, 2014.

狗狗币（CRYPTO：DOGE）自 2013 年 12 月推出以来，已经造就了很多百万富翁。这种加密货币是由两位软件工程师比利·马库斯（Billy Markus）和杰克逊·帕尔默（Jackson Palmer）模仿比特币（CRYPTO：BTC）创建的，并以病毒式传播的“狗狗币”命名。 doge”模因，其中有一只柴犬。狗狗币于 2014 年 1 月 23 日首次交易价格仅为 0.001540753 美元。

By the beginning of 2021, its price had risen to $0.01 and caught the attention of mainstream investors. After a series of bullish endorsements from big celebrities like Elon Musk, Mark Cuban, and Snoop Dogg, its price soared to an all-time high of $0.73 on May 8, 2021. A $10,000 investment in Dogecoin on the first day would have grown to $4.74 million by now.

到2021年初，其价格已上涨至0.01美元，并引起了主流投资者的关注。在埃隆·马斯克、马克·库班和史努比狗狗等大牌明星的一系列看涨支持下，其价格于 2021 年 5 月 8 日飙升至 0.73 美元的历史新高。第一天投资 10,000 美元的狗狗币将增长到到现在已经474万美元了。

But today, Dogecoin trades at about $0.12. The altcoin lost its luster as rising interest rates drove investors away from cryptocurrencies and other speculative investments. However, that $10,000 investment in 2014 would still be worth nearly $779,000 today. Dogecoin remains a divisive cryptocurrency, but some bullish investors believe the altcoin's price could rally back to its record high and eventually reach $1.

但如今，狗狗币的交易价格约为 0.12 美元。随着利率上升迫使投资者远离加密货币和其他投机性投资，山寨币失去了光彩。然而，2014 年的 10,000 美元投资如今仍价值近 779,000 美元。狗狗币仍然是一种存在争议的加密货币，但一些看涨的投资者认为，山寨币的价格可能会反弹至历史新高，并最终达到 1 美元。

So should you buy Dogecoin while it's still trading far below that level? Let's compare Dogecoin to other cryptocurrencies, examine its upcoming catalysts, and decide if it's a worthwhile investment at these prices.

那么，当狗狗币的交易价格仍远低于该水平时，您是否应该购买狗狗币呢？让我们将狗狗币与其他加密货币进行比较，检查其即将到来的催化剂，并确定以这些价格计算它是否值得投资。

The difference between Dogecoin and other cryptocurrenciesDogecoin was created from the open-source code for Litecoin (CRYPTO: LTC), a token that was forked from Bitcoin's blockchain in 2011. Like Bitcoin and Litecoin, Dogecoin was mined with the energy-intensive proof-of-work (PoW) consensus mechanism. However, Dogecoin's developers subsequently launched a new hashing algorithm called Scrypt, which consumed less power and processed transactions at a faster rate than Bitcoin's own mining algorithm. This version of Dogecoin can quickly process retail transactions, perhaps making it a useful real-world payment tool someday, but at the cost of less robust data security. The upgrade also attracted more attention from online supporters who called themselves the "Doge Army."

狗狗币和其他加密货币之间的区别狗狗币是根据莱特币（CRYPTO：LTC）的开源代码创建的，莱特币是 2011 年从比特币区块链中分叉出来的代币。与比特币和莱特币一样，狗狗币是通过能源密集型证明来开采的-work（PoW）共识机制。然而，狗狗币的开发人员随后推出了一种名为 Scrypt 的新哈希算法，该算法比比特币自己的挖掘算法消耗更少的电量并且处理交易的速度更快。这个版本的狗狗币可以快速处理零售交易，也许有一天它会成为现实世界中有用的支付工具，但代价是数据安全性不太强。这次升级也吸引了更多自称“总督军”的网络支持者的关注。

But unlike Bitcoin, which has a maximum supply of 21 million tokens, Dogecoin doesn't have an ultimate supply cap. There are currently 146.3 billion Dogecoins in circulation, and that supply is increasing by about 10,000 tokens per minute. That ballooning supply could make it difficult for Dogecoin ever to revisit its record highs.

但与比特币的最大供应量为 2100 万个代币不同，狗狗币没有最终供应上限。目前有 1,463 亿枚狗狗币在流通，并且供应量每分钟增加约 10,000 个代币。供应量的不断膨胀可能会使狗狗币很难重回历史高位。

As a PoW blockchain, Dogecoin doesn't natively support smart contracts, which are used in proof-of-stake (PoS) blockchains like Ethereum (CRYPTO: ETH) to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. PoS blockchains also enable their investors to "stake" (or lock up) their tokens to earn interest-like rewards. Ethereum was previously a PoW blockchain, but it transitioned to the PoS mechanism in 2022 to reduce its energy consumption.

作为 PoW 区块链，狗狗币本身并不支持智能合约，智能合约在以太坊（加密货币：ETH）等权益证明（PoS）区块链中用于开发去中心化应用程序（dApps）、不可替代代币（NFT）、和其他加密资产。 PoS 区块链还使投资者能够“抵押”（或锁定）他们的代币以获得类似利息的奖励。以太坊此前是 PoW 区块链，但在 2022 年过渡到 PoS 机制以减少能耗。

Dogecoin's lack of a developer foundation makes it a difficult token to value, but a handful of businesses -- including Tesla, Microsoft, and AMC -- have started to accept the token for payments. That support might eventually stabilize its price.

狗狗币缺乏开发者基础，使其成为一种难以估值的代币，但包括特斯拉、微软和 AMC 在内的少数企业已开始接受该代币进行支付。这种支撑最终可能会稳定其价格。

Dogecoin's catalysts aren't too impressiveEarlier this year, Coinbase Global (NASDAQ: COIN) launched new futures trading for Dogecoin. Those listings could potentially pave the way toward Dogecoin future exchange-traded funds (ETFs) or even spot price ETFs in the distant future.

狗狗币的催化剂并不太令人印象深刻今年早些时候，Coinbase Global（纳斯达克股票代码：COIN）推出了新的狗狗币期货交易。这些上市可能为狗狗币未来的交易所交易基金（ETF）甚至在遥远的将来的现货价格 ETF 铺平道路。

Another persistent rumor is that Dogecoin, like Ethereum, might migrate from the PoW to the PoS mechanism. If that happens, an influx of developers could set a firmer foundation under Dogecoin's price by tethering the token to new dApps. Dogecoin's investors could also reduce its volatility by staking their tokens. They could also finally set up new "burn portals" to take more tokens out of circulation and cap its supply. However, that could be a very difficult transition to pull off.

另一个持续存在的传言是，狗狗币和以太坊一样，可能会从 PoW 机制迁移到 PoS 机制。如果发生这种情况，大量开发人员的涌入可以通过将代币与新的 dApp 捆绑在一起，为狗狗币的价格奠定更坚实的基础。狗狗币的投资者还可以通过抵押其代币来降低其波动性。他们最终还可以建立新的“销毁门户”，以停止更多代币的流通并限制其供应。然而，这可能是一个非常难以实现的过渡。

Ditching the PoW mechanism would also alienate its mining community, since PoS tokens can only be staked instead of mined. Declining interest rates might drive more investors back to Dogecoin, but bigger "blue chip" tokens like Bitcoin and Ether would also benefit from that rotation. In other words, it's still tough to see the long-term catalysts for Dogecoin.

放弃 PoW 机制也会疏远其挖矿社区，因为 PoS 代币只能质押而不能挖矿。利率下降可能会促使更多投资者重返狗狗币，但比特币和以太币等更大的“蓝筹”代币也将从这种轮换中受益。换句话说，仍然很难看到狗狗币的长期催化剂。

So, should you buy Dogecoin right now?Dogecoin's price more than doubled over the past 12 months as the crypto winter ended, but its

那么，您现在应该购买狗狗币吗？随着加密货币冬季的结束，狗狗币的价格在过去 12 个月内上涨了一倍多，但