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.

加密资产经理21Shares挑战了对Dogecoin作为模因硬币的普遍看法，提出的数据表明，即使对资产的少量分配也可以有意义地提高投资组合的性能。

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.

该公司的分析始于2014年，并建模了比特币加权的60/40投资组合，分配给了Dogecoin的1％，显示资产的包含始终导致回报率和风险调整后的度量指标的绩效提高。

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%.

与基线投资组合的年收益达到7.25％相比，Dogecoin的投资组合的年收益率较高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）的比率是受风险调整的性能的关键指标，也表明了狗蛋白的添加也有所改善。例如，在狗狗蛋白中处于0.5％的投资组合的急剧比率为0.76，而基线投资组合的比率为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.

该报告强调说：“即使引入了更多的波动性和对下降的影响最小的影响，结果表明，包括狗狗币可能是提高投资组合绩效的宝贵策略。”

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，即使离开投资组合未经重新平衡而保持投资组合，下行性能也只有适中的下降，这进一步表明，包含Dogecoin对整体混合物产生了重大影响。

"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.

报告补充说：“这种分析为投资资产提供了宝贵的见解，并挑战了其缺乏财务价值的共同观念。”

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的未来价格目标方面，考虑到过去周期的增长模式，在看涨的情况下，标记在看涨的情况下达到了1.42美元。中立的预测将其定为1.00美元，而保守的前景估计地板接近0.38美元，假设资产从2021年起并没有超过其以前的历史最高点。

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.

据加密资产经理说，尽管持续有关竞争对手的竞争对手是否可以超越它，但Dogecoin仍在表现出弹性，并且可能值得在投资餐桌上占有一席之地。