Meme 币展示了加密货币有趣的一面，但实用性将带来颠覆

在过去的几年里，加密货币行业一直在努力将自己打造成投资者真正的资产类别

Cryptocurrency prices have soared over the past year, and that includes a surge in meme coins, which are digital currencies that are often created as a joke or parody.

加密货币价格在过去一年中飙升，其中模因币的数量激增，这些数字货币通常是作为笑话或模仿而创建的。

Over the past week, Dogecoin (CRYPTO:DOGE) has soared 85% and now has a market cap of $53.3 billion. But it's not the only meme coin that's seen huge gains.

过去一周，狗狗币（CRYPTO：DOGE）飙升了 85%，目前市值达到 533 亿美元。但这并不是唯一获得巨大收益的模因币。

As of Saturday at 9:00 a.m. ET, Pepe (CRYPTO:PEPE) is up 106.8% over the past week and has a market cap of $9.3 billion, dogwifhat (CRYPTO:WIF) is up 62% and has a market cap of $3.8 billion, and Shiba Inu (CRYPTO:SHIB) rose 28.9% to reach a market cap of $14.7 billion.

截至美国东部时间周六上午 9:00，Pepe (CRYPTO:PEPE) 过去一周上涨 106.8%，市值达 93 亿美元，dogwifhat (CRYPTO:WIF) 上涨 62%，市值达 3.8 美元亿美元，柴犬 (CRYPTO:SHIB) 上涨 28.9%，市值达到 147 亿美元。

Meme coins are a big part of the cryptocurrency industry, and they indicate the fun and rebellious nature of crypto. They've also played a role in the industry's recovery over the past year.

Meme 币是加密货币行业的重要组成部分，它们表明了加密货币的乐趣和叛逆本质。他们还在过去一年的行业复苏中发挥了作用。

Vibes can drive the meme trade, as indicated by so many tokens being named after dogs in one form or another. And with speculation running rampant in all kinds of high-risk assets over the past month, it's no surprise that the meme tokens have benefited greatly.

氛围可以推动模因贸易，正如许多代币以某种形式以狗命名所表明的那样。随着过去一个月各种高风险资产的投机活动猖獗，meme 代币大幅受益也就不足为奇了。

But what memes don't bring is disruption to the financial system. You can't pay with Pepe tokens for a cup of coffee or buy a hat with dogwifhat.

但模因不会带来对金融体系的破坏。您无法使用 Pepe 代币购买一杯咖啡或使用 Dogwifhat 购买帽子。

That utility is primarily taking place with stablecoins, which have the advantage of being on the blockchain and the stability of being backed by U.S. dollars.

这种效用主要是通过稳定币来实现的，稳定币具有位于区块链上的优势以及由美元支持的稳定性。

This is a natural tension in the trading today because it's clear stablecoins are what will help the blockchain be a truly disruptive technology. According to Visa, 426 million stablecoin transactions have occurred in the last 30 days, with $2.3 trillion in value.

这是当今交易中的自然紧张局势，因为很明显稳定币将帮助区块链成为真正的颠覆性技术。 Visa 的数据显示，过去 30 天内发生了 4.26 亿笔稳定币交易，价值 2.3 万亿美元。

Those are big numbers and will continue to grow as payment companies like Stripe invest more in making blockchain rails a reality.

这些数字很大，并且随着像 Stripe 这样的支付公司加大投资，使区块链轨道成为现实，这些数字将继续增长。

As positive as this week was for meme coins, the momentum may already be fading. The election bounce in the S&P 500, which was magnified in crypto, has already started to fade.

尽管本周对于模因币来说是积极的，但这种势头可能已经在减弱。标准普尔 500 指数的选举反弹在加密货币中被放大，但已经开始消退。

What will be more critical are the appointments and policy changes that affect the crypto industry in the long term. I don't doubt there are big changes ahead, but that may not help meme coin values. Utility is likely to be a focus of policy changes and that utility may not extend to meme coins.

更重要的是长期影响加密货币行业的任命和政策变化。我毫不怀疑未来会发生重大变化，但这可能对模因币的价值没有帮助。实用性可能是政策变化的焦点，而这种实用性可能不会延伸到模因币。

When speculation runs rampant, meme coins tend to benefit along with high-growth stocks, but the speculative phase doesn't last forever, and if there's no fundamental value underneath the trade will fade.

当投机猖獗时，迷因币往往会与高增长股票一起受益，但投机阶段不会永远持续下去，如果没有基本价值，交易就会消失。

I think the better way to play the growth in crypto is companies like Coinbase and Robinhood, who can make money off trading but will benefit from the long-term utility being built. They have durable value, unlike meme coins.

我认为，利用加密货币增长的更好方式是像 Coinbase 和 Robinhood 这样的公司，它们可以通过交易赚钱，但将从正在建立的长期实用程序中受益。与模因币不同，它们具有持久价值。