Dogecoin（Doge）已成熟，成为“您的投资组合的明智补充”

研究室和交易所交易的发行人21shares认为，狗狗币已成长为“您的投资组合的明智之举”，如果看涨势头持有，则将牛市市场的目标价值为1.42美元。

A new research note from 21Shares argues that Dogecoin has matured into “a smart addition to your portfolio” if bullish momentum holds, projecting a bull-market price target of $1.42 per coin.

21shares的一份新研究报告认为，如果看涨的势头持有，Dogecoin已经成熟成“对您的投资组合的明智补充”，将公牛市场的价格目标估计为每枚硬币1.42美元。

The research house and exchange-traded-product issuer is known for its interest in cryptocurrencies beyond Bitcoin and Ethereum, and its latest analysis focuses on the potential of Dogecoin to enhance traditional investment strategies.

研究所和交易所交易产品发行人以其对比特币和以太坊以外的加密货币的兴趣而闻名，其最新分析着重于Dogecoin增强传统投资策略的潜力。

In a post published on X on 30 April, 21Shares told its followers that “Dogecoin isn’t just a meme anymore—it might be a smart addition to your portfolio.” Linking to a research note titled Meme Potential, Unburdened, the firm dovetails stress-tested portfolio simulations with a traditional 60/40 basket of equities and bonds.

在4月30日在X上发表的一篇文章中，21shares告诉其追随者，“不再是模因，这可能是您投资组合的明智之举。”该公司链接到标题为“模因潜力”的研究说明，该公司与传统的60/40股票和债券相吻合。

The simulations begin with “infusing 3 % Bitcoin” and then supplementing with a “modest 1 % DOGE allocation.” According to the researchers, “the benchmark returned 7.25 % annually, while DOGE-enhanced portfolios reached as high as 8.95 %. Sharpe ratios improved in almost all tests,” while the worst peak-to-trough drawdown only “deepened by a few percentage points.”

模拟始于“注入3％比特币”，然后补充“适中的1％的Doge分配”。根据研究人员的说法，“该基准每年返回7.25％，而Doge增强的投资组合则达到8.95％。几乎所有测试中的Sharpe比率都提高了，而最糟糕的峰值降低仅“深度降低了几个百分点”。

The study attributes the incremental performance to Dogecoin’s decade-long record of outpacing most large-cap crypto-assets while maintaining “a low correlation to crypto and traditional assets.”

该研究将增量表现归因于多霉素长达十年的记录，该记录超过了大多数大型加密资源，同时保持“与加密和传统资产的相关性较低”。

Even so, the authors stress that disciplined rebalancing remains vital. “Without it, returns can plateau while risk quietly compounds,” they caution. They add that monthly or weekly rebalancing strikes the best compromise between upside capture and volatility control, particularly “during periods of broader market stress, as we’ve recently seen.”

即便如此，作者还是强调，纪律处分仍然至关重要。他们警告说：“没有它，回报可以平稳，而冒着悄悄地复合的风险。”他们补充说，每月或每周的重新平衡袭击上升捕获和波动性控制之间的最佳折衷，尤其是“正如我们最近看到的那样，“在更广泛的市场压力期间”。

Three Scenarios For Dogecoin

Dogecoin的三种情况

To frame expectations for the coming cycle, 21Shares sets out three scenarios: in the bear case, Dogecoin’s post-election rally is described as potentially having “front-run its true cycle potential.” If the token merely compounds at 10 % per year from its 2021 peak of $0.73, it would “land around $0.38 by 25, a doubling from today’s $0.18 but, for the first time, a failure to record a new all-time high within a full market cycle.”

为了实现对即将到来的周期的期望，21shares规定了三种情况：在熊案中，Dogecoin的选举后集会被描述为可能具有“前进的真实周期潜力”。如果令牌从2021年的峰值$ 0.73起，每年仅以10％的速度以10％的速度，它将“大约0.38美元到25美元左右，比今天的0.18美元增加了一倍，但首次未能在整个市场周期内记录新的历史最高水平。”

The neutral case assumes the total crypto-asset market capitalizes at $5 trillion and DOGE’s market share slips from 4 % to 3 %. On those inputs, Dogecoin would be worth roughly $150 billion and trade “near $1 per coin,” about a 5.5-fold gain from current levels, with the token “retaining its stature as the leading memecoin” amid stiffer competition.

中立案子假设总加密资产市值为5万亿美元，而总督的市场份额下滑从4％到3％。在这些意见上，Dogecoin的价值约为1500亿美元，“每枚硬币接近1美元”，从当前水平获得约5.5倍的收益，而在更严厉的竞争中，代币“保持其身材为领先的成员”。

The bullish projection scales the token’s compounded growth between the pre-2021 bottom of $0.007 and the current-cycle trough of $0.0585, a rate calculated at 189 % per year. “If DOGE were to mirror this explosive growth,” the paper concludes, “DOGE would reach approximately $1.42.”

看涨的投影将令牌的复杂增长范围扩大到2021年前的底部0.007美元和当前周期谷的0.0585美元，这一比率为每年189％。该论文总结说：“如果Doge能够反映出这种爆炸性的增长，将达到约1.42美元。”

Such an outcome would require a revival of “memecoin mania,” tangible real-world use cases and, critically, deeper integration with major consumer platforms such as Elon Musk’s X. In that environment, the authors write, a full-throated return of retail exuberance “could re-establish DOGE as the breakout asset of the cycle, potentially even doubling its all-time high.”

这样的结果将需要复兴“纪念物躁狂”，有形现实世界中的用例，并且与埃隆·马斯克（Elon Musk）的主要平台（例如埃隆·马斯克（Elon Musk）的X.。

21Shares finishes on a pragmatic note: “With the right structure, a 1 % allocation to Dogecoin isn’t reckless—it’s rewarding.”

21shares在务实的说明上结束了：“凭借正确的结构，向狗狗币分配了1％的分配并不鲁ck，这是有意义的。”

At press time, DOGE traded at $0.175.

发稿时，Doge的交易价格为0.175美元。