Top meme cryptocurrency Dogecoin (CRYPTO: DOGE) wasn't looking like much of an alpha animal on Thursday. As of 4:00 p.m. ET, it was down slightly in price by 0.3%, late in a day when uncertainty on the future of current tariffs was rising. Many investors opted to buy stocks instead of transacting in altcoins like Dogecoin, as the S&P 500 index (SP500 0.38%) closed the day higher (by 0.3%).

頂級模因加密貨幣Dogecoin（Crypto：Doge）週四看起來並不像Alpha動物。截至美國東部時間下午4:00，價格略低於0.3％，這是在當前關稅未來不確定性上升的一天中。許多投資者選擇購買股票，而不是在山寨幣（Dogecoin）等山寨幣中進行交易，因為標準普爾500指數（SP500 0.38％）關閉了高漲的一天（0.3％）。

Tariff to-and-fro

關稅到期

Cryptocurrencies, by their nature, are speculative investments, and Dogecoin -- a one-time satirical project that has improbably become a leading altcoin -- is a particularly speculative play. Such assets can be volatile at the best of times, and that goes double in periods of macroeconomic worry.

從本質上講，加密貨幣是投機性的投資，而Dogecoin（一個一次性諷刺的項目都不可能成為領先的Altcoin-是一項特別投機性的遊戲。這種資產在最好的時間可能會揮發，並且在宏觀經濟擔心的時期是兩倍。

Image source: Getty Images.

圖像來源：蓋蒂圖像。

That isn't to say the global economy isn't doing badly. However, the tariffs enacted by the Trump administration continue to weigh on investor psyches.

這並不是說全球經濟並沒有做得不好。但是，特朗普政府頒布的關稅繼續對投資者的心理權衡。

Thursday was a particularly up-and-down day for this, as a Court of International Trade ruled late Wednesday that some of those tariffs were levied illegally. But an appeals court granted the administration's request for a temporary pause on that ruling the following day.

週四是特別的一天，因為周三晚些時候，國際貿易法院裁定，其中一些關稅是非法徵收的。但是上訴法院批准了政府在第二天裁定的臨時停頓請求。

The tariffs are already a trial for many crypto holders. That's because their potential dampening effect on both the U.S. and global economy risks draining investment out of speculative plays like crypto into those considered safer, such as government bonds or blue chip stocks. So, the tariff yo-yo on Thursday didn't do Dogecoin any favors.

關稅已經是許多加密持有人的審判。這是因為它們對美國和全球經濟的潛在衰減影響可能會從諸如加密貨幣之類的投機戲劇（例如政府債券或藍色芯片股票）中排出投資。因此，週四的關稅溜溜球沒有任何好處。

Useful utility cryptos

有用的實用程序加密

Although he's backed down on some of the more severe tariffs, Trump seems very intent on keeping many in place. Given that, we shouldn't expect the legal fight over them to abate anytime soon. For crypto-heads, perhaps it's best to stock up on some of the more utilitarian coins and tokens, such as Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL).

儘管他退縮了一些更嚴重的關稅，但特朗普似乎非常打算將許多關稅固定在適當的位置。鑑於這一點，我們不應該指望與他們的法律鬥爭很快減少。對於加密頭，也許最好儲備一些更實用的硬幣和代幣，例如以太坊（Crypto：eth）或Solana（Crypto：Sol）。