新研究發現Dogecoin提升的回報率很小

Dogecoin可能是開玩笑的，但是根據21shares的最新研究，一小劑量的投資組合可能會帶來嚴重的結果。

Dogecoin may have started as a joke, but according to a recent study from 21Shares, a small dose of DOGE in a portfolio might deliver serious results.

Dogecoin可能是開玩笑的，但是根據21shares的最新研究，一小劑量的投資組合可能會帶來嚴重的結果。

The crypto investment firm found that even a modest 1% allocation to the token—when paired with Bitcoin in a growth-oriented strategy—enhanced overall returns without significantly increasing risk.

這家加密投資公司發現，即使在以增長為導向的策略中與比特幣配對時，即使是對代幣的1％分配，也沒有顯著增加風險。

By testing a variety of portfolio setups, 21Shares discovered that adding Bitcoin and Dogecoin to a traditional 60/40 stock-bond mix lifted average annual returns from 7.25% to nearly 9%. Risk-adjusted performance improved as well, with higher Sharpe ratios and only a slight bump in drawdowns. The key, the report emphasizes, is consistent rebalancing—ideally monthly—to prevent volatility from compounding over time.

通過測試各種投資組合設置，21shares發現在傳統的60/40股票池塘中添加比特幣和狗狗幣將平均年收益從7.25％提高到近9％。風險調整後的性能也有所提高，較高的夏普比率較高，跌幅略有下降。該報告強調，鑰匙是一致的重新平衡（理想的每月），以防止隨著時間的流逝而使波動更加複雜。

Why Dogecoin? According to the firm, its relatively low correlation with both traditional finance and the broader crypto market, along with a history of outsized gains, makes it more than just a speculative meme—it acts as a genuine diversifier.

為什麼要狗果？該公司的說法，它與傳統金融和更廣泛的加密市場的相對較低的相關性，以及超大收益的歷史，使其不僅僅是投機性模因，而是真正的多元化者。

21Shares also offered projections for Dogecoin’s possible price trajectory this cycle. In a conservative scenario, if the token grows at 10% annually from its 2021 high of $0.73, it could reach around $0.38 by the end of 2025—more than doubling from today’s prices, but still falling short of a new record.

21shares還為Dogecoin本週期提供了可能的價格軌蹟的預測。在保守的情況下，如果代幣每年從2021年高0.73美元的高點增長10％，到2025年底，它的價格可能達到0.38美元左右，比今天的價格增加了一倍，但仍未達到新的記錄。

A middle-ground estimate assumes Dogecoin retains a 3% slice of a crypto market that swells to $5 trillion. That would place its market cap at roughly $150 billion, suggesting a price of about $1.

中間估算值假設Dogecoin保留了3％的加密貨幣市場，該市場膨脹至5萬億美元。這將使市值約為1500億美元，這表明價格約為1美元。

The bullish view borrows from historical growth trends. If DOGE repeats its past compounded annual growth rate of 189%—measured from the 2018 low to the 2022 cycle bottom—it could climb as high as $1.42. That outcome would require strong retail momentum, broader utility, and further integration into major platforms, such as Elon Musk’s X.

看漲的觀點從歷史增長趨勢中藉用。如果Doge重複其過去的複合年增長率為189％（從2018年低到2022週期底部），則可能會高達1.42美元。該結果將需要強大的零售勢頭，更廣泛的效用，並進一步集成到主要平台，例如Elon Musk的X。

For investors willing to take a structured and disciplined approach, 21Shares argues that Dogecoin may be more than a passing internet fad—it might just be a smart risk.

對於願意採用結構化和紀律處分的投資者，21shares認為，狗狗幣可能不僅僅是通過的互聯網時尚，這可能只是一種明智的風險。