Crypto investment firm 21Shares has challenged the common perception of Dogecoin (DOGE) as a ‘memecoin’ in a new report. According to the firm’s analysis, a small 1% allocation to the cryptocurrency could be a strategic addition to investment portfolios.

加密投资公司21Shares在一份新报告中挑战了对Dogecoin（Doge）的普遍看法。根据该公司的分析，对加密货币的1％分配可能是投资组合的战略补充。

In a recent analysis by 21Shares, they explored the impact of adding a 1% Dogecoin allocation to a "Bitcoin-enhanced growth portfolio." This portfolio was defined as a traditional 60/40 portfolio (60% stocks, 40% bonds) with an additional 3% Bitcoin allocation.

在21shares的最新分析中，他们探索了将1％的狗狗蛋白分配到“比特币增强的增长组合”中的影响。该投资组合被定义为传统的60/40投资组合（60％股票，40％债券），并额外分配了3％的比特币。

The goal was to examine how Dogecoin and Bitcoin might complement each other in a portfolio that most cryptocurrency investors would be familiar with.

目的是研究多数加密货币投资者会熟悉的投资组合中狗狗和比特币如何相互补充。

Their findings indicate that even a minimal addition of 1% to Dogecoin resulted in improvements in both returns and risk-adjusted performance.

他们的发现表明，即使对Dogecoin的1％添加1％也会改善回报和风险调整后的性能。

According to their data, every portfolio approach including Dogecoin delivered stronger returns than the benchmark. While the benchmark portfolio displayed annual returns of 7.25%, the DOGE-enhanced portfolios achieved returns as high as 8.95%.

根据他们的数据，包括Dogecoin在内的每种投资组合方法都比基准提供了更高的回报。虽然基准投资组合的年收益率为7.25％，但总督增强的投资组合的收益率高达8.95％。

Furthermore, they observed improvements in Sharpe ratios in almost all test cases, denoting better risk-adjusted returns. The analysis also highlighted a slight increase in volatility with the inclusion of Dogecoin.

此外，他们观察到几乎所有测试案例的夏普比率的改善，表示更好的风险调整后收益。分析还强调了随着狗狗蛋白的包含而略有增加的波动性。

However, they noted that drawdowns remained "largely contained." Even portfolios with no rebalancing saw max drawdowns only deepen by a few percentage points, which 21Shares interprets as evidence that “even a 1% DOGE allocation adds meaningful punch without destabilizing the broader portfolio.”

但是，他们指出，缩减仍然“大部分包含”。即使没有重新平衡的投资组合也只能加深几个百分点，这将使21shares解释为“即使是1％的DOGE分配也会增加有意义的拳头，而不会破坏更广泛的投资组合。”

DOGE price prediction

Doge价格预测

21Shares also shared three potential price scenarios for Dogecoin by 2025. This ranges from bearish to bullish projections. In their bull case scenario, they suggest the Dogecoin price could reach approximately $1.42. This is a 7.67x multiple from current prices.

21Shares到2025年还分享了Dogecoin的三个潜在价格情景。从看跌到看涨的预测范围。在他们的公牛案例中，他们认为Dogecoin的价格可能达到约1.42美元。这是来自当前价格的7.67倍。

This optimistic projection is based on analyzing Dogecoin’s growth pattern from previous market cycles. The analysis notes that DOGE’s price moved from a bottom of $0.007 before the last bull run to $0.0585 at the bottom of the current cycle. This is a compound annual growth rate (CAGR) of 189%. Applying similar growth metrics forward leads to the $1.42 price target.

这种乐观的预测是基于分析以前市场周期的Dogecoin的增长模式。分析指出，在当前周期的底部，Doge的价格从上次公牛运行之前从0.007美元转移到0.0585美元。这是189％的复合年增长率（CAGR）。采用类似的增长指标远射导致目标价1.42美元。

In their neutral case scenario, 21Shares forecasts a $1.00 price target. This is approximately a 5.5x increase from current levels. This places the overall market capitalization of the cryptocurrency at $5 trillion in this cycle with Dogecoin adding a 3% market share. This would translate into a $150 billion market cap for DOGE.

在中立案例中，21shares预测目标价格为1.00美元。这比当前水平增加了约5.5倍。这使加密货币的总体市值在这个周期中为5万亿美元，而Dogecoin增加了3％的市场份额。这将转化为Doge市值1500亿美元。

The bear case is more conservative with an estimated target price of $0.38. This case employs the premise that Dogecoin cannot print a new all-time high in the current market cycle for the very first time in its existence. It may still provide positive returns based on an estimated 10% CAGR from its peak of $0.73 in 2021.

熊案更加保守，估计目标价为0.38美元。此案采用这样的前提，即Dogecoin无法在当前的市场周期中首次打印出新的历史最高水平。它仍可以2021年0.73美元的高峰估计10％的复合年增长率提供正回报。