Originally a joke coin, Dogecoin (DOGE) peaked in the 2021 bull market with a price of approximately $0.73 and a market capitalization of $80 billion. Since then, however, its value has significantly declined. With the potential for another bull market in 2025, many investors are questioning whether DOGE, currently trading at roughly $0.14, can reclaim its former glory. Nevertheless, there are several challenges that make this prospect difficult, primarily related to its inflationary characteristics, supply dynamics, and market perception.

狗狗幣（DOGE）最初是一個笑話幣，在2021年牛市中達到頂峰，價格約為0.73美元，市值達到800億美元。然而，從那時起，其價值已大幅下降。鑑於 2025 年可能再次出現牛市，許多投資者質疑目前交易價格約為 0.14 美元的 DOGE 能否重拾昔日輝煌。然而，存在一些挑戰使這一前景變得困難，主要與通膨特徵、供應動態和市場認知有關。

Challenges with Dogecoin's Inflationary Supply

狗狗幣通膨供應的挑戰

Dogecoin's inflationary supply model poses a significant obstacle to achieving a new all-time high (ATH). In contrast to Bitcoin's limited supply of 21 million coins, DOGE has an unlimited supply. The supply of DOGE tokens is constantly expanding, with mining generating over 5 billion new tokens annually. This ongoing issuance creates inflationary pressure, potentially devaluing each existing coin unless demand for DOGE increases at a substantially faster rate than supply.

狗狗幣的通貨膨脹供應模型對實現新的歷史高點（ATH）構成了重大障礙。與比特幣 2,100 萬枚的有限供應相比，DOGE 的供應量是無限的。 DOGE 代幣的供應量不斷擴大，每年挖礦產生超過 50 億個新代幣。這種持續的發行會造成通膨壓力，可能會使現有的每種代幣貶值，除非對 DOGE 的需求成長速度遠遠快於供應成長速度。

When Dogecoin reached its ATH market capitalization of $80 billion in 2021, its circulating supply was significantly lower. By 2024, the estimated circulating supply is projected to reach 146.37 billion DOGE. For DOGE to achieve the same $80 billion market capitalization, its price would need to be approximately $0.55, even at its ATH price of $0.73.

當狗狗幣在 2021 年達到 800 億美元的 ATH 市值時，其流通供應量明顯較低。到 2024 年，預計流通量將達到 1,463.7 億個 DOGE。 DOGE 要達到同樣 800 億美元的市值，其價格需要約為 0.55 美元，即使其 ATH 價格為 0.73 美元。

Given the supply expansion, DOGE would now require a much higher market capitalization than $80 billion to reach a new ATH. This inflationary characteristic poses a major hindrance in the absence of a deflationary mechanism, such as coin burning.

鑑於供應擴張，DOGE 現在需要比 800 億美元更高的市值才能達到新的 ATH。在缺乏通貨緊縮機制（例如代幣燃燒）的情況下，這種通貨膨脹特徵構成了主要障礙。

Potential Growth Drivers: Community and Hype

潛在的成長動力：社群和炒作

Dogecoin's success has largely been driven by its active community and strong social media presence, creating viral buzz and subsequently increasing the coin's value. Rebuilding this community will be crucial if DOGE is to reach or surpass its previous ATHs. This could be achieved through prominent endorsements from influential figures, such as Elon Musk. Such endorsements played a significant role in the 2021 bull run, propelling DOGE's price to record levels.

狗狗幣的成功很大程度上得益於其活躍的社區和強大的社交媒體影響力，創造了病毒般的轟動並隨後提高了硬幣的價值。如果 DOGE 要達到或超越先前的 ATH，重建這個社群至關重要。這可以透過伊隆馬斯克等有影響力人物的大力支持來實現。這些背書在 2021 年的牛市中發揮了重要作用，推動 DOGE 的價格創下歷史新高。

Additionally, the development of real-world use cases can stimulate Dogecoin's growth. Although Dogecoin initially emerged as a joke coin with little utility, ongoing efforts to integrate DOGE as a payment option across various businesses could enhance its real-world value. For instance, there are ongoing discussions to enable Dogecoin payments on platforms like Twitter (now X). If these efforts are successful, the resulting utility could support DOGE in sustaining higher prices.

此外，現實世界用例的開發可以刺激狗狗幣的成長。儘管狗狗幣最初是作為一種玩笑幣出現的，幾乎沒有什麼用處，但持續努力將狗狗幣整合為各種企業的支付選項，可以提高其現實世界的價值。例如，目前正在討論在 Twitter（現在是 X）等平台上啟用狗狗幣支付。如果這些努力成功，由此產生的效用可以支持 DOGE 維持較高的價格。

Positive Price Projections for 2025

2025 年積極的價格預測

Anticipating a major bull run in 2025, some analysts maintain a bullish outlook for Dogecoin. According to predictions, DOGE could potentially reach $1, which would imply a market capitalization exceeding $146 billion, given its current supply. Some argue that Dogecoin has historically generated significant returns during bull markets and that there is no reason to believe the current cycle will be different. Based on this historical trend, some projections even forecast DOGE reaching $3.8 at the peak of the next bull run.

一些分析師預計 2025 年將出現大規模牛市，因此維持狗狗幣的看漲前景。根據預測，DOGE 可能會達到 1 美元，這意味著考慮到其當前的供應量，其市值將超過 1,460 億美元。有些人認為，狗狗幣歷來在牛市期間產生了可觀的回報，沒有理由相信當前的周期會有所不同。基於這一歷史趨勢，一些預測甚至預測 DOGE 在下一次牛市的頂峰將達到 3.8 美元。

These projections are predicated upon positive market conditions, increased adoption of cryptocurrencies, and a continuation of the positive sentiment surrounding meme coins. However, even with these optimistic forecasts, DOGE would still face competition from established and emerging cryptocurrencies for investor interest and attention to achieve its price target of $1 or higher.

這些預測是基於積極的市場狀況、加密貨幣的採用增加以及圍繞模因幣的積極情緒的持續。然而，即使有這些樂觀的預測，DOGE 仍將面臨來自成熟和新興加密貨幣的競爭，以吸引投資者的興趣和注意力，以實現其 1 美元或更高的價格目標。

Reasons Why Rexas Finance (RXS) May Outperform Dogecoin

Rexas Finance (RXS) 可能跑贏狗狗幣的原因

Despite its established brand and large community, Dogecoin's inflationary supply and reliance on hype position it as a speculative investment. Conversely, Rexas Finance (RXS) offers a more structured approach to value creation, leveraging blockchain technology to address practical challenges.

儘管狗狗幣擁有成熟的品牌和龐大的社區，但其通貨膨脹的供應和對炒作的依賴使其成為一種投機性投資。相反，Rexas Finance (RXS) 提供了一種更結構化的價值創造方法，利用區塊鏈技術來解決實際挑戰。

About Rexas Finance

關於雷克薩斯金融

Rexas Finance is a novel project focused on tokenizing real-world assets (RWAs), a market predicted to grow significantly with the advancement of blockchain technology. Rexas Finance aims to revolutionize traditional finance by tokenizing tangible assets such as real estate, commodities, and financial instruments. The platform facilitates the creation of digital tokens that represent fractional ownership of specific assets, enabling the decentralized buying, selling, and trading of assets. By democratizing asset ownership, lowering barriers to entry, and improving liquidity, the platform opens up investment opportunities for a global audience.

Rexas Finance 是一個專注於現實世界資產（RWA）代幣化的新穎項目，預計隨著區塊鏈技術的進步，該市場將顯著增長。 Rexas Finance 旨在透過對房地產、大宗商品和金融工具等有形資產進行代幣化來徹底改變傳統金融。該平台有助於創建代表特定資產部分所有權的數位代幣，從而實現資產的去中心化購買、出售和交易。透過實現資產所有權民主化、降低進入門檻並提高流動性，該平台為全球受眾提供了投資機會。

Tokenizing real-world assets has the potential to transform the financial sector, addressing inefficiencies in established markets. These inefficiencies include limited access for retail investors, lack of liquidity, and high transaction costs. Through blockchain technology, Rexas Finance provides solutions that enhance accessibility, efficiency, and transparency in asset management.

現實世界資產的代幣化有可能改變金融部門，解決現有市場的低效率問題。這些低效率包括散戶投資者的投資機會有限、缺乏流動性以及交易成本高。透過區塊鏈技術，Rexas Finance 提供的解決方案可提高資產管理的可近性、效率和透明度。

Key Features of Rexas Finance

Rexas 金融的主要特點

• Rexas Token Builder: A user-friendly and secure tool for individuals and businesses to tokenize any real-world asset. It simplifies the creation of asset-backed tokens, enabling various applications from fractionalized ownership in artwork to real estate investing.
• Launchpad: A comprehensive platform enabling innovative projects to sell tokens for funding. It provides early-stage financing opportunities by allowing projects to present their tokens to a network of investors.
• Fractionalized Real Estate: Facilitates the tokenization of real estate, making it possible for fractional investments in property. This feature has the potential to disrupt traditional real estate markets by providing liquidity to otherwise illiquid assets and lowering barriers to entry.

In addition to these features, Rexas Finance incorporates regulatory compliance tools, AI-powered smart contracts, and decentralized finance (DeFi) applications, enhancing the platform's utility and value.

Rexas Token Builder：一種用戶友好且安全的工具，供個人和企業對任何現實世界資產進行代幣化。它簡化了資產支持代幣的創建，支持從藝術品的分散所有權到房地產投資的各種應用。它透過允許專案向投資者網路展示其代幣來提供早期融資機會。這項功能有可能透過為其他非流動性資產提供流動性並降低進入門檻來顛覆傳統房地產市場。化金融(DeFi) 應用程序，增強平台的實用性與價值。

Market Potential and RXS Growth Prospects

市場潛力和 RXS 成長前景

The tokenization of real-world assets presents a multi-trillion dollar opportunity. With over $486 trillion worth of financial assets traded globally, tokenizing even a small portion of these assets could lead to substantial growth for platforms like Rexas Finance. As adoption grows, the RXS token, which fuels transactions within the ecosystem, has the potential to capture significant value.

現實世界資產的代幣化提供了數兆美元的機會。全球交易的金融資產價值超過 486 兆美元，即使將這些資產的一小部分代幣化也可能為 Rexas Finance 等平台帶來大幅成長。隨著採用率的成長，促進生態系統內交易的 RXS 代幣有可能獲得巨大的價值。

Moreover, Rexas Finance has an advantage over speculative assets like Dogecoin due to its focus on real-world use cases and solving existing market inefficiencies. Whereas Dogecoin primarily relies on community support and social media-generated hype, Rexas Finance aims to revolutionize the way traditional assets are managed and exchanged, creating sustainable value.

此外，Rexas Finance 比狗狗幣等投機資產更具優勢，因為它專注於現實世界的用例並解決現有市場效率低下的問題。狗狗幣主要依賴社群支援和社群媒體炒作，而 Rexas Finance 旨在徹底改變傳統資產的管理和交易方式，創造永續的價值。

Conclusion

結論

While Dogecoin may still attract interest during the next bull run, its inflationary model and dependence on hype make it a speculative bet. In contrast, Rexas Finance (RXS) presents a more methodical approach to value creation and has the potential to gain significant traction in the asset tokenization market. With its innovative features and ability to address real-world challenges, the platform positions itself as a viable investment opportunity that may surpass Dogecoin's potential growth by January 2025. As such, Rexas Finance represents a fundamentally stronger investment opportunity for those seeking to capitalize on the evolving blockchain and asset management landscape, even as Dogecoin's community may drive it towards reclaiming its $80 billion market capitalization.

儘管狗狗幣在下一次牛市期間可能仍會吸引人們的興趣，但其通膨模型和對炒作的依賴使其成為投機性賭注。相較之下，Rexas Finance (RXS) 提出了一種更有條理的價值創造方法，並有可能在資產代幣化市場中獲得巨大的吸引力。憑藉其創新功能和解決現實世界挑戰的能力，該平台將自己定位為一個可行的投資機會，到2025 年1 月可能會超過狗狗幣的潛在增長。說，Rexas Finance 代表了一個從根本上更強大的投資機會。