随着市场的变化，狗狗币的面孔下降

You can also read this news on BH NEWS: Dogecoin Faces Decline as Market Shifts

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Over the past year, the cryptocurrency market experienced a notable upsurge largely influenced by Bitcoin ETFs’ approval and Donald Trump’s U.S. Presidential election victory. As a result, numerous cryptocurrencies in the top 10 rankings reached unprecedented levels. Contrary to the trend, the once-celebrated Dogecoin did not experience similar success.

在过去的一年中，加密货币市场经历了显着的兴趣，这在很大程度上受了比特币ETF的认可以及唐纳德·特朗普的美国总统大选胜利的影响。结果，前10名排名中的许多加密货币达到了前所未有的水平。与趋势相反，曾经经历过的狗狗币并没有获得类似的成功。

What Caused Dogecoin’s Decline?

是什么原因导致多霉素的下降？

While Bitcoin, Solana, BNB, and XRP soared, Dogecoin, favored by Elon Musk, is still trading more than 70% below its peak value of $0.73 recorded in 2021. According to CoinGecko, Dogecoin saw a modest rebound during Musk’s presence at Trump’s campaign rally, climbing to $0.48, but failed to maintain above $0.40 since January.

虽然比特币，Solana，BNB和XRP飙升，但受埃隆·马斯克（Elon Musk）青睐的Dogecoin仍低于2021年记录的0.73美元的峰值价值的70％以上。根据Coingecko的说法，Dogecoin在Musk在Musk在Trump竞选活动中的出现中的竞选活动中的一个适度篮板登上了竞选活动，但登上了0.48美元，但在上面的$ 0.48，而1.40均为0.40，因为1.40均为0.40，而1.40均为0.40。

Zach Pandl, Grayscale’s Research Director, attributes this stagnation to a market preference for digital assets with tangible utility. In contrast, meme coins like Dogecoin, known for their lack of practical application, attract less attention. While Bitcoin is seen as a long-term value holder, Ethereum finds utility in corporate environments, exemplified by its use in stablecoins.

Grayscale的研究总监Zach Pandl将这种停滞归因于具有切实实用程序的数字资产的市场偏好。相比之下，诸如Dogecoin之类的模因硬币（以缺乏实际应用而闻名）吸引了更少的关注。尽管比特币被视为长期价值持有人，但以太坊在企业环境中发现了实用性，以stablecoins的使用为例。

How Strong is Elon Musk’s Impact?

埃隆·马斯克（Elon Musk）的影响力有多强？

Initially designed as a jest to mock the crypto world, Dogecoin shot to fame following Musk’s meme endorsements. Despite perceived demand, Dogecoin’s essence remained entwined with amusement rather than genuine utility. Elon Musk, SpaceX’s CEO, promotes Dogecoin as a people’s coin, distinguishing it from Bitcoin.

Dogecoin最初设计为嘲笑加密世界的玩笑，在马斯克的模因代言之后，成名。尽管有需求，但Dogecoin的本质仍然与娱乐而不是真正的效用有关。 SpaceX首席执行官Elon Musk促进了Dogecoin作为人民的硬币，将其与比特币区分开来。

“Dogecoin’s playful image stands out,” Musk stated, emphasizing the coin’s difference and broad appeal.
马斯克说：“多霉素的嬉戏形象脱颖而出。”他强调了硬币的差异和广泛的吸引力。

Musk’s admiration for memes and dogs fuels his advocacy. Billionaire Mark Cuban has also viewed Dogecoin favorably, highlighting its potential for transactions due to its cost-effective tokenomics.

马斯克对模因和狗的钦佩助长了他的倡导。亿万富翁马克·古巴（Mark Cuban）还有利地看待了狗狗币，突出了其交易的潜力，这是由于其具有成本效益的标记学。

Cuban suggests Dogecoin’s low valuation makes it suitable for spending, unlike Bitcoin; however, its transactional use remains limited. Consequently, Dogecoin persists as a speculative item without delivering substantial returns akin to Bitcoin or Ethereum in recent years.

古巴建议Dogecoin的低估值使其适合于支出，这与比特币不同。但是，其交易使用率仍然有限。因此，Dogecoin一直是投机物品，而近年来，类似于比特币或以太坊的大量回报。

Digital asset manager Arca noted that many cryptocurrencies underperformed this year, with 75% of tokens exhibiting negative returns from January onwards.

数字资产经理Arca指出，今年许多加密货币的表现不佳，75％的令牌从1月起就表现出负回报。

Despite the overall bullish market affecting other major cryptocurrencies, Dogecoin’s unique characteristics maintain its interest from influential figures while hindering its competitive edge in a rapidly evolving cryptocurrency landscape.

尽管总体看涨市场影响了其他主要的加密货币，但Dogecoin的独特特征仍然对有影响力的数字保持了兴趣，同时阻碍了其在快速发展的加密货币景观中的竞争优势。