Dogecoin (CRYPTO: DOGE) has been one of the most talked-about meme coins throughout the year. The cryptocurrency, which is a favorite of Tesla (NASDAQ:TSLA) Chief Executive Officer Elon Musk, initially reacted positively to news that Donald Trump won last year’s election, especially given Musk’s close relationship with the new president.

Dogecoin（Crypto：Doge）是全年最受关注的模因硬币之一。加密货币是特斯拉（纳斯达克：TSLA）首席执行官埃隆·马斯克（Elon Musk）的最爱，最初对唐纳德·特朗普（Donald Trump）赢得去年大选的消息做出了积极反应，特别是考虑到马斯克与新总统的密切关系。

One of the biggest changes involving the government this year was the creation of the initiative called the Department of Government Efficiency -- which is often credited by its acronym, DOGE, not unlike how people refer to Dogecoin. And Musk has played a key role in the project. But the launch of DOGE hasn't resulted in a boost for Dogecoin. Instead, the opposite has happened.Dogecoin has been in a free fall this year.

今年涉及政府的最大变化之一是制定了称为政府效率部的倡议 - 通常以其首字母缩写为Doge，这与人们如何提及Dogecoin不同。马斯克在该项目中发挥了关键作用。但是，马诺（Doge）的推出并没有引起狗狗币的提升。取而代之的是，事件发生了。

On January 20, as part of one of President Trump’s initial executive orders, he announced the United States Digital Service would be reorganized and renamed as the United States DOGE Service.

1月20日，作为特朗普总统最初的执行命令之一的一部分，他宣布将重新组织并重命名为美国Doge Service。

Since the beginning, Musk has played a big role in DOGE, often pushing through aggressive cost-cutting initiatives. And while DOGE’s goal is to cut costs, many people haven’t been happy with it, to say the least. There have been protests across the country with people rallying against Musk’s and Trump’s controversial policies. Vandals have also been targeting Tesla dealerships and vehicles, and Tesla’s sales have plunged.

自一开始以来，马斯克在总督中发挥了重要作用，经常通过促进成本削减成本的计划。尽管Doge的目标是削减成本，但至少可以说，许多人对此并不满意。全国各地都有抗议活动，人们反对马斯克和特朗普有争议的政策。破坏者还针对特斯拉的经销店和车辆，特斯拉的销售量跌落。

Dogecoin hasn't benefited from the launch of DOGE, either. On January 19, the cryptocurrency finished the trading day at about $0.36, and it proceeded to fall by as much as 55% since then. Despite Musk’s prominent role with DOGE and close association with Trump, that hasn’s had a positive effect on the meme coin at all.Why might not all be to blame for strugglesThere's a lot of negativity due to DOGE and its drastic cuts but the bad press surrounding the initiative isn't likely all to blame for Dogecoin's poor performance this year.

Dogecoin也没有从Doge的推出中受益。 1月19日，加密货币以约0.36美元的价格完成了交易日，此后的下跌了多达55％。尽管马斯克在Doge和与特朗普的密切联系中发挥了重要作用，但Hasn对Meme硬币产生了积极的影响。为什么由于Doge及其严重的削减，艰难的努力可能并非全部负责，但围绕该计划的不良媒体的巨大否定性并不可能归咎于Dogecoin的本年表现不佳。

Investors have been growing concerned about the economy in light of tariffs and a possible recession. Even Bitcoin (CRYPTO: BTC), which is often seen as the safest cryptocurrency to own, declined in value at one point during the year, falling as much as 18%, proving that digital currencies may not provide much safety amid such uncertainty. Meme coins like Dogecoin may be even more vulnerable to sharp declines.

鉴于关税和可能的经济衰退，投资者越来越关注经济。即使是比特币（Crypto：BTC），通常被视为拥有最安全的加密货币，在一年中的某个点上下降了18％，证明在这种不确定性的情况下，数字货币可能不会提供太多的安全性。像Dogecoin这样的模因硬币可能更容易受到急剧下降的影响。

Plus, the launch of Trump's own meme coin this year also made some crypto enthusiasts question whether the new president would indeed help the crypto world gain legitimacy under his administration.

另外，今年特朗普自己的模因硬币的推出还使一些加密助人的爱好者质疑新总统是否确实会帮助加密世界在他的政府领导下获得合法性。

On top of all this, there's also the issue that Dogecoin went on a big rally after the election. Before Election Day, it was trading at around $0.16. The digital currency has effectively given back the gains it amassed in the weeks since then. And so while it may seem like a huge sell-off, the decline may not have been nearly as large if Dogecoin didn't rise so quickly late last year.Is Dogecoin a good buy right now?Dogecoin is a meme coin and there's always going to be high risk and volatility associated with it. Although its price has dropped, that doesn't mean that it's due for a big rally.

最重要的是，大选结束后，狗狗币也进行了大集会。选举日之前，它的交易价格约为0.16美元。从那以后的几周中，数字货币已有效地赋予了它在几周内积累的收益。因此，尽管这似乎是一个巨大的抛售，但如果Dogecoin去年下半年没有这么快，那么下降可能并不大。尽管其价格下降了，但这并不意味着要进行大型集会。

If anything, the cryptocurrency's wild swings during the past six months should serve as a reminder to investors just what kind of a roller-coaster ride you can end up on by holding such an unpredictable investment in your own personal portfolio. If you're bullish on crypto and want exposure to it, a much safer option is simply buying and holding Bitcoin.

如果有的话，在过去六个月中，加密货币的野外摆动将提醒投资者，您可以通过在自己的个人投资组合中持有如此不可预测的投资来实现哪种过山车骑行。如果您看好加密货币并希望接触它，那么一个更安全的选择就是购买和持有比特币。