在过去的一年中，加密货币投资者特别喜欢比特币和以太坊等主流选择以外的机会。

在我身上突出的两个加密货币是XRP（XRP -2.90％）和Dogecoin。下面，我将评估驱动这些加密货币中每一种的原因，并探索为什么其中一个看起来像是更好的买入。

During the past year, cryptocurrency investors have taken a particular liking to opportunities beyond mainstream choices like Bitcoin (BTC -0.48%) and Ethereum (ETH -0.37%).

在过去的一年中，加密货币投资者特别喜欢比特币（BTC -0.48％）和以太坊（ETH -0.37％）等主流选择以外的机会。

Two cryptocurrencies that stand out to me are XRP (XRP -2.90%) and Dogecoin (CRYPTO:DOGE). Below, I'll assess what's been driving each of these cryptocurrencies and explore why one of them looks like the better buy.

在我身上突出的两个加密货币是XRP（XRP -2.90％）和Dogecoin（加密：Doge）。下面，我将评估驱动这些加密货币中每一种的原因，并探索为什么其中一个看起来像是更好的买入。

Taking a look at XRPAfter the U.S. presidential election, investors began to notice a shift in cryptocurrency prices. As a candidate, Donald Trump had been a vocal supporter of crypto, and after his election win it became clear that pro-crypto leadership was on its way to the Securities and Exchange Commission (SEC).

从美国总统大选来看，投资者开始注意到加密货币价格的变化。作为候选人，唐纳德·特朗普（Donald Trump）曾是加密货币的声音支持者，在选举胜利之后，很明显，亲克莱特托（Pro-Crypto）领导人正在前往证券交易委员会（SEC）。

The SEC had been involved with a years-long lawsuit against cryptocurrency company Ripple (XRP -2.90%)—which had set out to disrupt the financial transaction systems used today. As a result of the candidates' stance on crypto, as well as the leadership changes at the SEC, many believed that the agency's case against Ripple would be dropped by the time Trump took office.

SEC涉及针对加密货币公司Ripple（XRP -2.90％）的长达一年的诉讼，该诉讼旨在破坏当今使用的金融交易系统。由于候选人对加密货币的立场以及领导层在SEC发生变化，许多人认为，在特朗普上任时，该机构对Ripple的案件将被撤销。

Now, if you aren't familiar with XRP, you may recognize the company behind it. XRP was developed as a means to facilitate financial transactions similar to what the Society for Worldwide Interbank Financial Telecommunication (SWIFT) does. The central appeal of XRP is that it can complete cross-border transactions more efficiently (i.e., faster and cheaper) than the legacy SWIFT system.

现在，如果您不熟悉XRP，则可以识别其背后的公司。 XRP的开发是一种促进金融交易的一种手段，类似于银行间财务电信协会（SWIFT）。 XRP的核心吸引力是，它可以比传统Swift系统更有效地完成跨境交易（即更快，更便宜）。

Although the appearance of disruptive, potentially superior technology might capture your interest, XRP's utility isn't much of a driving force.

尽管出现破坏性，潜在的高级技术可能会引起您的兴趣，但XRP的效用并不是一件驱动力。

XRP Price Data by YCharts

YCHARTS的XRP价格数据

As you can see above, the price of XRP began to surge noticeably around November 2024, after Trump won the presidential election and before he took office.

如上所述，在特朗普赢得总统大选和上任之前，XRP的价格在2024年11月左右开始明显上涨。

If you’re wondering what drove this surge in XRP's price, it had less to do with anything related to the cryptocurrency itself and more to do with the political climate at the time.

如果您想知道是什么促使XRP的价格激增，那么它与与加密货币本身有关的任何事物无关，而与当时的政治气氛有关。

As I mentioned earlier, Trump's administration was largely viewed as being more favorable toward cryptocurrencies than the prior administration. After Trump's inauguration in mid-January, XRP experienced another jolt. Finally, earlier this month, the SEC dropped its suit against Ripple—as the XRP bulls had been anticipating.

正如我之前提到的，特朗普的政府在很大程度上被视为对加密货币比先前的政府更有利。特朗普在1月中旬开幕后，XRP又经历了又一次的震动。最终，本月早些时候，SEC对Ripple撤销了诉讼，正如XRP公牛队所期望的那样。

The second notable surge in XRP occurred during mid-January, after Trump's inauguration. Finally, earlier this month, the SEC dropped its suit against Ripple—as the XRP bulls had been anticipating.

XRP的第二次值得注意的激增发生在特朗普就职典礼后的1月中旬。最终，本月早些时候，SEC对Ripple撤销了诉讼，正如XRP公牛队所期望的那样。

Taking a look at DogecoinIn a similar fashion to XRP, the price of Dogecoin (CRYPTO:DOGE) kicked into a new gear after the election. In my eyes, the rising popularity in Dogecoin around this time was not coincidental.

看看Dogecoinin与XRP类似的方式，Dogecoin（Crypto：Doge）的价格在选举后踢到了新装备中。在我看来，这段时间在Dogecoin的普及并不是偶然的。

Dogecoin Price Data by YCharts

YCHARTS的Dogecoin价格数据

As a result of Trump's victory, Tesla (NASDAQ:TSLA) Chief Executive Officer Elon Musk was chosen to lead a new federal project called the Department of Government Efficiency (DOGE).

由于特朗普的胜利，特斯拉（纳斯达克：TSLA）首席执行官埃隆·马斯克（Elon Musk）被选为领导一个名为政府效率部（DOGE）的新联邦项目。

My suspicion is that some investors found it humorous that the DOGE moniker shares the same ticker as Dogecoin, and as such, a narrative began. More specifically, I think investors bought into the idea that Dogecoin may be somehow officially endorsed, given its shared abbreviation with DOGE.

我的怀疑是，有些投资者发现，Doge的绰号与Dogecoin具有相同的股票股票，因此开始了叙述。更具体地说，我认为投资者认为，鉴于Dogecoin与Doge的共同缩写，投资者可能会以某种方式得到正式认可。

However, the chart above clearly illustrates that Dogecoin's price has been on the decline since December. In my view, this sell-off is just beginning.

但是，上图清楚地表明，自12月以来，Dogecoin的价格一直在下跌。我认为，这种抛售才刚刚开始。

I think investors have largely realized that Dogecoin is a meme coin and that it does not have utility the same way as Bitcoin or Ethereum. Moreover, DOGE does not appear to be involved or utilizing anything related to Dogecoin specifically.

我认为投资者在很大程度上已经意识到Dogecoin是一种模因硬币，并且它的用途与比特币或以太坊没有相同的用途。此外，Doge似乎没有涉及或使用与Dogecoin有关的任何东西。

Final verdictI think the sell-off in Dogecoin is just getting started, and smart investors are best off avoiding investing in narratives supported by memes.

最终的判决认为，Dogecoin的抛售才刚刚起步，聪明的投资者最好避免对模因支持的叙述进行投资。

With that said, XRP isn't as mainstream as legacy financial transaction systems. As I analyzed above, XRP's price increases have largely been tied to bullish narratives around the Trump administration and its stance on crypto as a whole, as well as the positive news out of the SEC. In other words, XRP's price is not rising due to much in the way of Ripple's business fundamentals or notable adoption of the XRP technology.

话虽如此，XRP不如传统金融交易系统那么主流。正如我上面分析的那样，XRP的价格上涨很大程度上与围绕特朗普政府及其整个加密货币的立场以及SEC中的正面消息有关。换句话说，XRP的价格并没有上涨，这是因为波纹的业务基础或XRP技术的明显采用。

Even so, I am cautiously optimistic that 2025 could be a transformative year for XRP as the trepidation around the SEC and its decisions pertaining to Ripple should subside. Although this could be a bullish indicator for XRP's adoption in the long run, investors are going to need to exercise some patience. Ultimately, I see an investment in XRP as the clear choice in this analysis but would caution investors against buying into the idea that it will turn into a multibagger overnight.

即便如此，我谨慎乐观地认为，2025年对于XRP来说可能是变革的一年，因为SEC周围的恐惧及其与波纹有关的决定应消失。尽管从长远来看，这可能是XRP采用的看涨指标，但投资者需要行使一些耐心。最终，我认为对XRP的投资是这项分析的明确选择，但会谨记投资者不购买一夜之间将其变成多巴格的想法。