Dogecoin's recent listing via the 21Shares Dogecoin ETP on Swiss exchanges has sparked discussion on whether it's simply a meme or possesses more substance.

Dogecoin最近通過21shares dogecoin ETP在瑞士交流中列出了有關它是模因還是擁有更多實質的討論引發了討論。

Max Michielsen, 21Shares Digital Asset Investment Strategist, presented a compelling case for Dogecoin's evolution beyond its meme origins in a detailed X post on April 16.

21 Shares數字資產投資策略師Max Michielsen在4月16日的詳細X帖子中為Dogecoin的演變提供了一個令人信服的案例。

Dogecoin: A Decade of Memes, Community & Charity

Dogecoin：十年的模因，社區和慈善機構

With over a decade of survival, a vibrant community and increasing adoption, DOGE is "digital folklore" that transforms internet culture into real liquidity, argues Michielsen.

Michielsen認為，擁有十多年的生存，一個充滿活力的社區和越來越多的收養，是“數字民俗”，它將互聯網文化轉化為真正的流動性。

DOGE outperformed every top 25 crypto over the past decade and doubled its user base since 2021. Notably, Dogecoin runs on its own blockchain with fast one-minute blocks, low fees and transparent, disinflationary tokenomics.

自2021年以來，Doge的表現優於每一個前25個加密貨幣，並將其用戶群翻了一番。尤其是，Dogecoin在自己的區塊鏈上運行，並以快速的一分鐘塊，低費用和透明的，透明的，解散的標記。

It supports real-world payments and charitable causes, driven by the ethos "Do Only Good Everyday."

它支持現實世界中的付款和慈善事業，這是在“每天只能做好”的精神驅動的。

The meme coin has generated massive returns of up to 130,000% over the last decade, consistently forming higher lows through cycles.

在過去的十年中，模因硬幣產生了高達130,000％的大量回報，通過週期形成更高的低點。

DOGE outperformed Bitcoin by 1000x and its low correlation (15%) to other major assets makes it a strong portfolio diversifier.

Doge的表現優於1000倍，其與其他主要資產的低相關性（15％）使其成為強大的投資組合多樣性。

Also Read: Dogecoin Whales Are Accumulating: Is A Breakout Imminent?

另請閱讀：Dogecoin鯨魚正在積累：即將突破嗎？

DOGE Price Prediction 2025: $0.38-$1 (Neutral-Bearish) & $1.42 (Bullish)

Doge Price預測2025：$ 0.38- $ 1（中性居民）和$ 1.42（看漲）

Based on market share, cycle history and adoption trends, Michielsen predicted a valuation range for Dogecoin in 2025.

根據市場份額，週期歷史和採用趨勢，米歇爾森預測2025年Dogecoin的估值範圍。

He forecasts the meme coin to touch $0.38 despite growth stagnation in a bearish market and $1 in a neutral market, considering a 3-4% share of a $5 trillion total crypto market capitalization.

他預測，儘管在看跌市場上停滯了增長，但在中立市場中，模因硬幣仍會達到0.38美元，考慮到了5萬億美元的總加密市值的3-4％。

In a bull market, Michielsen expects DOGE to repeat its last cycle's explosive run, peaking at $1.42.

在牛市，米歇爾森（Michielsen）預計，杜格（Doge）將重複其上一個週期的爆炸性運行，達到1.42美元。

8/10 A little $DOGE goes a long way 💰In the Bitcoin-enhanced benchmark portfolio, a 1% $DOGE allocation boosted returns and Sharpe ratios, without meaningfully increasing drawdowns.With the right setup, adding $DOGE is far from reckless, and potentially highly rewarding. pic.twitter.com/7rQA0fqMgp

8/10少量$ DOGE在比特幣增強基準的投資組合中走了很長一段路，1％$ DOGE分配的收益和夏普比率沒有有意義地增加縮減。在正確的設置中，添加$ DOGE遠非魯re，遠非魯re，並且具有潛在的有益。 pic.twitter.com/7rqa0fqmgp

Michielsen stated that even with only a 1% portfolio allocation, DOGE boosted returns and Sharpe ratios in a Bitcoin-focused portfolio, suggesting that adding meme coins can be beneficial.

米歇爾森（Michielsen）表示，即使只有1％的投資組合分配，以比特幣為重點的投資組合中提高了回報和夏普比率，這表明添加模因硬幣也可以有益。

The crypto strategist highlighted that while many view direct crypto exposure as risky, it can pay off with the right setup, and including a small portion of DOGE in a portfolio wouldn't necessarily increase risk.

加密戰略家強調，儘管許多人認為直接的加密貨幣風險是有風險的，但它可以通過正確的設置獲得回報，並且在投資組合中包括一小部分的大門，並不一定會增加風險。