在15亿美元的Bybit Exchange攻击之后，Dogecoin（Doge -13.47％）下跌17.5％

Dogecoin（Doge -13.47％）在两天内下降了17.5％。在撰写本文时，其价格徘徊在0.20美元左右。在接下来的10个月中，它将需要获得大约260％的收益才能超过其先前的高点。

Cryptocurrency prices slumped at the end of February following the $1.5 billion hack of the Bybit exchange, while Dogecoin (CRYPTO: DOGE) fell 17.5% in two days.

在15亿美元的Bybit Exchange黑客攻击之后，加密货币价格在2月底下跌，而Dogecoin（Crypto：Doge）在两天内下降了17.5％。

What Happened: At the time of writing, Dogecoin is trading at around $0.21 and would need to gain about 260% in the next 10 months to get above its previous high of $0.73.

发生的事情：在撰写本文时，Dogecoin的交易价格约为0.21美元，在接下来的10个月内将需要获得约260％的收益才能超过其先前的高点0.73美元。

In May of 2021, Elon Musk, the self-proclaimed "Dogefather," was due to appear on Saturday Night Live and the Dogecoin community was in a frenzy. Speculation that he might mention the Shibu Inu-themed coin pushed it to a high of $0.73.

2021年5月，自称为“ Dogefather”的埃隆·马斯克（Elon Musk）将于周六夜现场演出，而Dogecoin社区处于疯狂状态。猜测他可能会提到以INU为主题的硬币将其提高到0.73美元。

The price started to fall during the show and continued to drop, closing at $0.57 the following day.

节目期间的价格开始下降，并继续下降，第二天收盘价为0.57美元。

Dogecoin couldn't hold on to its gains and has yet to approach that high in subsequent years. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), on the other hand, have both set new price records since then.

Dogecoin无法坚持自己的收益，并且在随后的几年中还没有达到这么高。另一方面，比特币（Crypto：BTC）和以太坊（Crypto：ETH）从那以后都设定了新的价格记录。

Historically, Dogecoin spikes when Musk mentions it on social media. However, that’s been less of a driver recently, as Musk was fairly tight-lipped about crypto for a few years.

从历史上看，当马斯克在社交媒体上提到狗狗时，狗狗会尖刺。但是，最近这并不是一个驾驶员，因为马斯克对加密货币的行为相当紧密。

Nonetheless, Doge gained over 70% in the days following President Donald Trump’s announcement of the launch of the so-called Department of Government Efficiency (DOGE), tasked with "maximiz[ing] governmental efficiency and productivity."

尽管如此，在唐纳德·特朗普总统宣布启动所谓的政府效率部（DOGE）的日子之后的几天中，Doge却获得了超过70％的成绩，该部门负责“ Maximiz Ingimiz Ingimiz Ingimiz Ingimiz Ingrangiz Ingrangiz and Impartive”。

If having a headline-grabbing, Trump-favored initiative share your name hasn’t been enough to get Dogecoin back to $0.73, it’s hard to see what could.

如果有一个头条新闻，特朗普最喜欢的倡议分享您的名字还不足以使Dogecoin恢复到0.73美元，那么很难看到可以看到什么。

Dogecoin's Fundamentals: It can be difficult to find a foothold when analyzing cryptocurrencies. They don't have the balance sheets or profit and loss statements of traditional stocks. One key source of information is the cryptocurrency's "white paper," which tells investors more about its vision, how its blockchain works, and how new tokens or coins will be produced.

Dogecoin的基本面：分析加密货币时可能很难找到立足点。他们没有传统股票的资产负债表或损益表。一个关键的信息来源是加密货币的“白皮书”，它更多地告诉投资者其愿景，区块链的工作原理以及如何生产新的代币或硬币。

Dogecoin doesn't have a white paper because it was created as a joke. Still, in 2021 and 2022, it released a "manifesto" and "trailmap," attempting to give the multibillion-dollar project a purpose.

Dogecoin没有白皮书，因为它是开玩笑的。尽管如此，在2021年和2022年，它发布了一个“宣言”和“ Trailmap”，试图使数十亿美元的项目成为目的。

While it has achieved some milestones, the manifesto is still worrying. It says, "Being useful, we value utility over technical brilliance." Technical brilliance isn't optional in crypto. It's crucial for security and for merchants' ability to accept Dogecoin payments.

尽管它达到了一些里程碑，但宣言仍然令人担忧。它说：“很有用，我们将实用性评估为技术才能。”在加密货币中，技术光彩不是可选的。这对于安全和商人接受Dogecoin付款的能力至关重要。

A case in point: At the end of 2024, a hacker used a flaw in the Dogecoin system to crash 69% of its nodes. Nodes validate transactions on a blockchain and keep it secure. Developers quickly released an upgrade, but it shows that utility isn't worth much if it isn't backed up by robust technology.

一个很好的例子：在2024年底，黑客使用Dogecoin系统中的缺陷崩溃了其节点的69％。节点在区块链上验证交易并确保其安全。开发人员很快发布了升级，但它表明，如果不受强大的技术支持，公用事业公司不值得。

Cryptocurrencies To Look For: Many have taken the fun crypto to heart, and it's spawned a host of other dog- and joke-themed digital currencies. Grayscale has also filed an application with the Securities and Exchange Commission to launch a Dogecoin exchange-traded fund (ETF). If it's approved, that would likely provide a significant boost in terms of adoption and reputation.

要寻找的加密货币：许多人都将有趣的加密货币带到了心中，并且催生了许多其他以狗和开玩笑为主题的数字货币。 Grayscale还向美国证券交易委员会提出了申请，以启动Dogecoin交易所交易基金（ETF）。如果获得批准，这可能会在采用和声誉方面具有重大的推动。

Nonetheless, fame alone isn't enough, and other crypto projects offer more long-term value. For example, Bitcoin accounts for almost 60% of the total crypto market cap. More retailers accept it as a form of payment than any other crypto. And it's legal tender in two countries.

尽管如此，单独的名声还不够，其他加密项目还提供了更多的长期价值。例如，比特币几乎占加密市值总数的60％。零售商比其他任何加密货币都将其视为一种付款方式。这是两个国家的法定招标。

Ethereum is a top smart-contract crypto, so small pieces of self-executing code can run on its blockchain. This means developers can build decentralized applications (dApps), other cryptocurrencies, and non-fungible tokens (NFTs) on its ecosystem. For each transaction, a small fee is paid in Ethereum.

以太坊是顶尖的智能合同加密货币，因此可以在其区块链上运行的一小部分自我执行代码。这意味着开发人员可以在其生态系统上构建分散的应用程序（DAPP），其他加密货币和无杀菌令牌（NFTS）。对于每笔交易，以太坊支付了少量费用。

Ethereum's blockchain has 5,000 dApps, accounting for $100 billion in locked value, per DappRadar. It's successfully released several serious upgrades in recent years and has more developer activity than any other crypto.

以太坊的区块链有5,000个DAPP，每个Dappradar占1000亿美元的锁定价值。近年来，它已成功发布了几次认真的升级，并且比其他任何加密货币都拥有更多的开发人员活动。

All cryptocurrencies carry risk. However, Bitcoin's dominance by market cap and Ethereum's smart contracts give them stronger foundations than Dogecoin.

所有加密货币都有风险。但是，比特币占据主场上限和以太坊的智能合约的主导地位使他们比Dogecoin更强大。

Going Higher?

更高？

Dogecoin is unlikely to reclaim its all-time high this year, if ever. Moreover, investing in Dogecoin in the hope of significant gains is a highly speculative play. Invest only money you can afford to lose, and make sure it's part of a diversified portfolio. That way, if Dogecoin does fail, it won't derail your finances.

Dogecoin不太可能在今年（如果有的话）恢复其历史最高水平。此外，投资Dogecoin希望获得巨大的收益是一项高度投机性的作用。仅投资您能负担得起的钱，并确保它是多元化投资组合的一部分。这样，如果Dogecoin确实失败了，那将不会使您的财务状况脱轨。