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%).

顶级模因加密货币Dogecoin（Crypto：Doge）周四看起来并不像Alpha动物。截至美国东部时间下午4:00，价格略低于0.3％，这是在当前关税未来不确定性上升的一天中。许多投资者选择购买股票，而不是在山寨币（Dogecoin）等山寨币中进行交易，因为标准普尔500指数（SP500 0.38％）关闭了高涨的一天（0.3％）。

Tariff to-and-fro

关税到期

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.

从本质上讲，加密货币是投机性的投资，而Dogecoin（一个一次性讽刺的项目都不可能成为领先的Altcoin-是一个特别投机性的游戏。这种资产在最好的时间可能会挥发，并且在宏观经济担心的时期是两倍。

Image source: Getty Images.

图像来源：盖蒂图像。

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.

这并不是说全球经济并没有做得不好。但是，特朗普政府颁布的关税继续对投资者的心理权衡。

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.

周四是特别的一天，因为周三晚些时候，国际贸易法院裁定，其中一些关税是非法征收的。但是上诉法院批准了政府在第二天裁定的临时停顿请求。

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.

关税已经是许多加密持有人的审判。这是因为它们对美国和全球经济的潜在衰减影响可能会从诸如加密货币之类的投机戏剧（例如政府债券或蓝色芯片股票）中排出投资。因此，周四的关税溜溜球没有任何好处。

Useful utility cryptos

有用的实用程序加密

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).

尽管他退缩了一些更严重的关税，但特朗普似乎非常打算将许多关税固定在适当的位置。鉴于这一点，我们不应该指望与他们的法律斗争很快减少。对于加密头，也许最好储备一些更实用的硬币和代币，例如以太坊（Crypto：eth）或Solana（Crypto：Sol）。