Crypto asset manager 21Shares has challenged the common perception of Dogecoin as a meme coin, presenting data that suggests even a small allocation to the asset can meaningfully enhance a portfolio’s performance.

加密資產經理21Shares挑戰了對Dogecoin作為模因硬幣的普遍看法，提出的數據表明，即使對資產的少量分配也可以有意義地提高投資組合的性能。

The firm's analysis, which began in 2014 and modeled a Bitcoin-weighted 60/40 portfolio with 1% allocated to Dogecoin, showed that the inclusion of the asset consistently led to improved performance in both returns and risk-adjusted metrics.

該公司的分析始於2014年，並建模了比特幣加權的60/40投資組合，分配給了Dogecoin的1％，顯示資產的包含始終導致回報率和風險調整後的度量指標的績效提高。

Compared to the baseline portfolio, which achieved an annual return of 7.25%, the portfolio with Dogecoin displayed a higher annual return of nearly 9%.

與基線投資組合的年收益達到7.25％相比，Dogecoin的投資組合的年收益率較高9％。

Moreover, the Sharpe ratios, a crucial indicator of risk-adjusted performance, also demonstrated improvement with the addition of Dogecoin. For instance, a portfolio with a 0.5% position in Dogecoin had a Sharpe ratio of 0.76, while the baseline portfolio had a ratio of 0.51.

此外，夏普比（Sharpe）的比率是受風險調整的性能的關鍵指標，也表明了狗蛋白的添加也有所改善。例如，在狗狗蛋白中處於0.5％的投資組合的急劇比率為0.76，而基線投資組合的比率為0.51。

"Even with the introduction of slightly more volatility and a minimal impact on drawdowns, the results suggest that including Dogecoin can be a valuable strategy for enhancing portfolio performance," highlighted the report.

該報告強調說：“即使引入了更多的波動性和對下降的影響最小的影響，結果表明，包括狗狗幣可能是提高投資組合績效的寶貴策略。”

Interestingly, even when leaving the portfolios untouched without rebalancing, there was only a modest decrease in the downside performance, further indicating that the inclusion of Dogecoin had a significant impact on the overall mix.

有趣的是，即使離開投資組合未經重新平衡而保持投資組合，下行性能也只有適中的下降，這進一步表明，包含Dogecoin對整體混合物產生了重大影響。

"This analysis provides valuable insights into the potential of Dogecoin as an investment asset and challenges the common notion that it lacks financial merit," added the report.

報告補充說：“這種分析為投資資產提供了寶貴的見解，並挑戰了其缺乏財務價值的共同觀念。”

In terms of future price targets for Dogecoin by 2025, 21Shares sees the token reaching $1.42 in a bullish scenario, considering growth patterns from past cycles. A neutral projection places it at $1.00, while a conservative outlook estimates a floor near $0.38, assuming the asset doesn't surpass its previous all-time high from 2021.

在2025年Dogecoin的未來價格目標方面，考慮到過去週期的增長模式，在看漲的情況下，標記在看漲的情況下達到了1.42美元。中立的預測將其定為1.00美元，而保守的前景估計地板接近0.38美元，假設資產從2021年起並沒有超過其以前的歷史最高點。

Despite ongoing debates about whether rival tokens like Shiba Inu could overtake it, Dogecoin continues to show resilience and may deserve a serious seat at the investment table, according to the crypto asset manager.

據加密資產經理說，儘管持續有關競爭對手的競爭對手是否可以超越它，但Dogecoin仍在表現出彈性，並且可能值得在投資餐桌上佔有一席之地。