新研究发现Dogecoin提升的回报率很小

Dogecoin可能是开玩笑的，但是根据21shares的最新研究，一小剂量的投资组合可能会带来严重的结果。

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可能是开玩笑的，但是根据21shares的最新研究，一小剂量的投资组合可能会带来严重的结果。

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.

这家加密投资公司发现，即使在以增长为导向的策略中与比特币配对时，即使是对代币的1％分配，也没有显着增加风险。

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.

通过测试各种投资组合设置，21shares发现在传统的60/40股票池塘中添加比特币和狗狗币将平均年收益从7.25％提高到近9％。风险调整后的性能也有所提高，较高的夏普比率较高，跌幅略有下降。该报告强调，钥匙是一致的重新平衡（理想的每月），以防止随着时间的流逝而使波动更加复杂。

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.

为什么要狗果？该公司的说法，它与传统金融和更广泛的加密市场的相对较低的相关性，以及超大收益的历史，使其不仅仅是投机性模因，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还为Dogecoin本周期提供了可能的价格轨迹的预测。在保守的情况下，如果代币每年从2021年高0.73美元的高点增长10％，到2025年底，它的价格可能达到0.38美元左右，比今天的价格增加了一倍，但仍未达到新的记录。

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.

中间估算值假设Dogecoin保留了3％的加密货币市场，该市场膨胀至5万亿美元。这将使市值约为1500亿美元，这表明价格约为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.

看涨的观点从历史增长趋势中借用。如果Doge重复其过去的复合年增长率为189％（从2018年低到2022周期底部），则可能会高达1.42美元。该结果将需要强大的零售势头，更广泛的效用，并进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.

对于愿意采用结构化和纪律处分的投资者，21shares认为，狗狗币可能不仅仅是通过的互联网时尚，这可能只是一种明智的风险。