Dogecoin vs Trump Coin：哪个模因令牌是更好的购买？

Dogecoin（Doge）和官方的特朗普模因硬币以及股票特朗普（Trump Trump）都是目前最著名的模因扮演。

Both Dogecoin (DOGE -1.87%) and the Official Trump meme coin, with the ticker TRUMP, are among the most well-known meme plays out there at the moment. But, contrary to what you may have heard, not all meme coins are the same in terms of their balance of risk to reward.

Dogecoin（Doge -1.87％）和官方的特朗普模因硬币（带有特朗普的股票）都是目前最著名的模因扮演。但是，与您可能听到的内容相反，并非所有模因硬币都在奖励的风险平衡方面都是相同的。

And, in this particular matchup, there's a lot to discuss. So let's dive in.

而且，在这个特殊的比赛中，有很多要讨论的事情。因此，让我们潜入。

This dog coin has already proven its staying power

这只狗硬币已经证明了其持久力

Dogecoin is the meme coin that started its entire asset class within cryptocurrency, and many years later it's still alive and kicking, with an impressively large market cap of around $47 billion.

Dogecoin是模因硬币，在加密货币范围内开始了整个资产类别，多年后，它仍然活着并踢了，令人印象深刻的市值约为470亿美元。

In terms of the investment thesis for buying Dogecoin, this chart does a better job of explaining it than words alone:

就购买Dogecoin的投资论文而言，该图表在解释它方面做得更好，而不是单独的单词：

Dogecoin Price data by YCharts.

YCHARTS的Dogecoin价格数据。

As you can see, on average Dogecoin shares a high degree of correlation with the action of Bitcoin. That implies if Bitcoin retains its habit of surging and ebbing in four-year cycles, in keeping with the rough timing of the halving of its mining reward, there's always going to be extra liquidity to flow from Bitcoin to Dogecoin.

如您所见，Dogecoin平均与比特币的作用有高度的相关性。这意味着，如果比特币保留其在四年周期中激增和消灭的习惯，这与矿业奖励减半的粗略时机保持一致，那么从比特币转向Dogecoin，总会有额外的流动性。

Put more simply, if Bitcoin continues to make investors richer in specific periods of time, some of the additional money they make ends up getting spent on Dogecoin on average. That makes sense because investors can probably find a higher return during a speculative boom in Dogecoin than in Bitcoin, as it tends to be more volatile.

简而言之，如果比特币在特定时期内继续使投资者变得更富有，那么他们又能平均花在Dogecoin上的一些额外钱。这是有道理的，因为投资者在狗狗币的投机性繁荣期间可能会发现比比特币中的回报更高，因为它往往更加波动。

Then there's the other element of the Dogecoin thesis. As a meme, Dogecoin has continued to garner a significant amount of attention every few years for more than a decade now. Investors keep coming back in anticipation of the next run-up, and the meme itself is broadly recognizable and easy to riff on.

然后是狗狗币论文的另一个要素。作为模因，多年多年来，多霉素每隔十多年就继续引起大量关注。投资者不断回来，以期待下一次兴起，模因本身是可以识别的，易于即兴即可。

Furthermore, the coin may one day be included in exchange-traded funds (ETFs) that give it more exposure to liquidity from the traditional financial markets. But those ETFs aren't approved yet.

此外，硬币可能有一天被包括在交易所交易的基金（ETF）中，这些资金使其更多地从传统金融市场中获得流动性。但是这些ETF尚未获得批准。

Does that mean you should buy it? No, at least not until you've diversified your portfolio with safer investments, and not unless you're willing to lose all of your money.

这是否意味着您应该购买？不，至少直到您将投资组合用更安全的投资进行多样化，除非您愿意损失所有的钱。

The president's new meme coin is a gamble, but there are worse ones

总统的新模因硬币是一场赌博，但更糟糕的是

Hot off its launch on Jan. 17, Trump's meme coin has a market cap of roughly $5 billion today, making it one of the largest meme coins that exists.

Hot于1月17日发射，特朗普的Meme Coin今天的市值约为50亿美元，使其成为现有的最大模因硬币之一。

Though it doesn't have the same vintage as Dogecoin, it does have one very obviously powerful factor driving its price: It bears the name and endorsement of the president of the U.S., and it's the only cryptocurrency with that distinction. During what's expected to be a pro-cryptocurrency administration, having the explicit support of the president means that it is unlikely for Trump's coin to go to zero. It could also potentially catch a major tailwind if the president's actions cause people to want to buy his coin. And that dynamic could easily last for the entire four-year term.

尽管它与Dogecoin的年份不同，但它确实具有一个非常有力的因素推动其价格：它具有美国总统的名字和认可，这是唯一具有这种区别的加密货币。在预计将是一个亲密货币管理局的过程中，得到总统的明确支持意味着特朗普的硬币不太可能占零。如果总统的行为使人们想购买他的硬币，它也可能会遇到重大的逆风。这种动态可以在整个四年任期内很容易持续。

Furthermore, much like Dogecoin, there are TRUMP ETFs that are currently under consideration for approval by regulators. Should they get approved, it'll be easier for investors with traditional financial accounts to pile in without needing to mess with any cryptocurrency software or applications.

此外，与Dogecoin一样，目前正在考虑受监管机构批准的特朗普ETF。如果他们获得批准，那么拥有传统财务帐户的投资者就可以更轻松地堆积，而无需弄乱任何加密货币软件或应用程序。

But none of these drivers can make this coin into a good investment, only one that's less bad than other meme coins. Still, in comparison to Dogecoin, the official Trump coin actually has a serious impediment: It's inherently political.

但是，这些驱动因素都不能使这枚硬币成为一笔不错的投资，只有比其他模因硬币不糟糕的投资。尽管如此，与Dogecoin相比，官方的特朗普硬币实际上具有严重的障碍：这是固有的政治性。

Regardless of their political opinions, the mere whiff of an enduring threat from politics will keep away at least some potential investors, even if it'll attract others. Thus there is likely a lower ceiling on the coin's total accessible value within the cryptocurrency sector. Then there's the inescapable risk that some of the president's actions could detrimentally influence the price of the coin, which can't be ruled out if one admits that other actions could be beneficial, which is a core part of the investment thesis for the coin.

无论他们有什么政治观点，政治威胁的持久威胁都将使至少一些潜在的投资者避免，即使它会吸引其他投资者。因此，在加密货币部门内，硬币的总可访问值可能较低。然后是不可避免的风险，即某些总统的行动可能会有害影响硬币的价格，如果有人承认其他行动可能是有益的，这是硬币投资论文的核心部分，这是不能排除的。

So, between Dogecoin and Trump's official coin, Dogecoin is the better option. It has an established pattern of price action, and it isn't as vulnerable to political risks despite being exposed to political catalysts in the form of potential future ETF approvals. But, as mentioned previously, you shouldn't be spending your hard-earned dollars on speculating on these memes if there are safer investments out there that you haven't touched yet.

因此，在Dogecoin和特朗普的官方硬币之间，Dogecoin是更好的选择。它具有既定的价格行动模式，尽管以潜在的未来ETF批准形式暴露于政治催化剂，但它并不容易受到政治风险的影响。但是，如前所述，如果您尚未触及的更安全的投资，您不应该花钱在这些模因上猜测这些模因。