Meme 股票狂热消退，让狗狗币望尘莫及

2024 年 3 月，狗狗币 (DOGE) 仍比历史高点低 74%，面临着投资者兴趣下降的局面。虽然支持者希望每枚代币价格飙升至 1 美元，但这一目标取决于重大变化。狗狗币的充足供应、潜在的安全分类以及缺乏机构采用都带来了挑战。尽管达到 1 美元的目标有明确的路径，但谷歌趋势数据和最近的市场表现表明，实现这一里程碑的可能性微乎其微。

Meme Stock Craze Fades, Leaving Dogecoin in the Shadows

Meme 股票热潮消退，狗狗币陷入阴影

In the exuberance of 2021, the meme-stock phenomenon ignited a frenzy in cryptocurrencies, with Dogecoin (DOGE) reaching dizzying heights. However, by the spring of 2024, the dog-themed coin has retreated significantly, its value hovering 74% below its all-time peak.

在繁荣的 2021 年，迷因股现象引发了加密货币的狂热，狗狗币 (DOGE) 达到了令人目眩的高度。然而，到 2024 年春天，这种以狗为主题的硬币已经大幅回落，其价值比历史峰值低了 74%。

While some ardent supporters still cling to the hope of a return to glory, the path to $1 per coin remains a formidable challenge. Only one fundamental shift, following in the footsteps of its digital progenitor, Bitcoin, holds the key to unlocking such a surge.

尽管一些热心支持者仍然抱有重返辉煌的希望，但通往每枚硬币 1 美元的道路仍然是一个艰巨的挑战。只有追随其数字鼻祖比特币脚步的一个根本性转变，才是开启这一激增的关键。

Mimicking Bitcoin's Ascent

模仿比特币的上涨

Conceived in 2013 as a lighthearted homage to Bitcoin, Dogecoin operates on its own version of the iconic blockchain network. As a decentralized payment method and store of value, its utility primarily revolves around facilitating transactions.

狗狗币于 2013 年诞生，旨在向比特币致敬，它在标志性区块链网络的自己版本上运行。作为一种去中心化的支付方式和价值储存手段，其效用主要围绕促进交易。

To emulate Bitcoin's trajectory, Dogecoin must undergo a transformative evolution. Its current supply of 144 billion coins, with a perpetual minting rate of 10,000 per minute, acts as a dilutive force. However, if developers devise a mechanism to halt coin creation and burn existing ones, it could significantly reduce its availability, bolstering its value.

为了效仿比特币的发展轨迹，狗狗币必须经历变革性的演变。目前其供应量为 1,440 亿枚，永久铸造率为每分钟 10,000 枚，具有稀释作用。然而，如果开发人员设计出一种机制来停止代币创建并销毁现有代币，则可能会显着降低其可用性，从而提升其价值。

Moreover, the Securities and Exchange Commission (SEC)'s looming threat to classify all cryptocurrencies besides Bitcoin as securities casts a regulatory shadow over Dogecoin. A clear exemption from this designation would alleviate regulatory concerns, potentially increasing demand.

此外，美国证券交易委员会（SEC）即将威胁将除比特币之外的所有加密货币归类为证券，这给狗狗币蒙上了监管阴影。明确免除这一指定将减轻监管担忧，可能会增加需求。

Institutional Adoption and Regulatory Clarity

机构采用和监管清晰度

Dogecoin's path to wider adoption would be greatly enhanced by its inclusion in institutional investment portfolios, corporate balance sheets, and government reserves. These entities represent vast pools of capital that could propel its value to unprecedented levels.

狗狗币被纳入机构投资组合、企业资产负债表和政府储备中，将大大促进其更广泛采用的道路。这些实体代表着巨大的资本池，可以将其价值推向前所未有的水平。

Curbing Unrealistic Expectations

抑制不切实际的期望

While the theoretical path to a sixfold increase to $1 per coin exists, the probability of Dogecoin achieving this feat appears remote.

虽然理论上存在将每枚硬币增加六倍至 1 美元的路径，但狗狗币实现这一壮举的可能性似乎很小。

Google Trends data reveals a precipitous decline in investor interest, with search queries for "Dogecoin" plummeting to a mere 3% of their peak during the meme craze. Moreover, the cryptocurrency has consistently underperformed the broader crypto market since the bull market resurged in 2023.

谷歌趋势数据显示，投资者兴趣急剧下降，“狗狗币”的搜索查询量骤降至模因热潮期间峰值的仅 3%。此外，自 2023 年牛市复苏以来，加密货币的表现一直落后于更广泛的加密市场。

Furthermore, Dogecoin lacks the deep network effects and first-mover advantage of Bitcoin. Despite sporadic bursts of hype, long-term capital will likely continue to flow towards the established digital currency, leaving Dogecoin with a limited role in the expanding crypto ecosystem.

此外，狗狗币缺乏比特币的深层网络效应和先发优势。尽管有零星的炒作，但长期资本可能会继续流向成熟的数字货币，从而使狗狗币在不断扩大的加密生态系统中发挥有限的作用。

Conclusion

结论

While hope springs eternal among Dogecoin enthusiasts, it is imperative to temper expectations. The path to $1 remains treacherous, and the likelihood of it being reached in the foreseeable future remains highly improbable.

虽然狗狗币爱好者的希望永远存在，但必须降低期望。通往 1 美元的道路仍然充满危险，在可预见的未来达到 1 美元的可能性仍然很小。