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.

狗狗币（DOGE）最初是一个笑话币，在2021年牛市中达到顶峰，价格约为0.73美元，市值达到800亿美元。然而，从那时起，其价值已大幅下降。鉴于 2025 年可能再次出现牛市，许多投资者质疑目前交易价格约为 0.14 美元的 DOGE 能否重拾昔日辉煌。然而，存在一些挑战使这一前景变得困难，主要与通胀特征、供应动态和市场认知有关。

Challenges with Dogecoin's Inflationary Supply

狗狗币通胀供应的挑战

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.

狗狗币的通货膨胀供应模型对实现新的历史高点（ATH）构成了重大障碍。与比特币 2100 万枚的有限供应相比，DOGE 的供应量是无限的。 DOGE 代币的供应量不断扩大，每年挖矿产生超过 50 亿个新代币。这种持续的发行会造成通货膨胀压力，可能会使现有的每种代币贬值，除非对 DOGE 的需求增长速度远远快于供应增长速度。

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.

当狗狗币在 2021 年达到 800 亿美元的 ATH 市值时，其流通供应量明显较低。到 2024 年，预计流通量将达到 1463.7 亿个 DOGE。 DOGE 要达到同样 800 亿美元的市值，其价格需要约为 0.55 美元，即使其 ATH 价格为 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.

鉴于供应扩张，DOGE 现在需要比 800 亿美元更高的市值才能达到新的 ATH。在缺乏通货紧缩机制（例如代币燃烧）的情况下，这种通货膨胀特征构成了主要障碍。

Potential Growth Drivers: Community and Hype

潜在的增长动力：社区和炒作

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.

狗狗币的成功很大程度上得益于其活跃的社区和强大的社交媒体影响力，创造了病毒般的轰动并随后提高了硬币的价值。如果 DOGE 要达到或超越之前的 ATH，重建这个社区至关重要。这可以通过埃隆·马斯克等有影响力人物的大力支持来实现。这些背书在 2021 年的牛市中发挥了重要作用，推动 DOGE 的价格创下历史新高。

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，现实世界用例的开发可以刺激狗狗币的增长。尽管狗狗币最初是作为一种玩笑币出现的，几乎没有什么用处，但持续努力将狗狗币整合为各种企业的支付选项，可以提高其现实世界的价值。例如，目前正在讨论在 Twitter（现在是 X）等平台上启用狗狗币支付。如果这些努力成功，由此产生的效用可以支持 DOGE 维持较高的价格。

Positive Price Projections for 2025

2025 年积极的价格预测

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.

一些分析师预计 2025 年将出现大规模牛市，因此维持狗狗币的看涨前景。根据预测，DOGE 可能会达到 1 美元，这意味着考虑到其当前的供应量，其市值将超过 1,460 亿美元。一些人认为，狗狗币历来在牛市期间产生了可观的回报，没有理由相信当前的周期会有所不同。基于这一历史趋势，一些预测甚至预测 DOGE 在下一次牛市的顶峰将达到 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.

这些预测是基于积极的市场状况、加密货币的采用增加以及围绕模因币的积极情绪的持续。然而，即使有这些乐观的预测，DOGE 仍将面临来自成熟和新兴加密货币的竞争，以吸引投资者的兴趣和注意力，以实现其 1 美元或更高的价格目标。

Reasons Why Rexas Finance (RXS) May Outperform Dogecoin

Rexas Finance (RXS) 可能跑赢狗狗币的原因

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.

尽管狗狗币拥有成熟的品牌和庞大的社区，但其通货膨胀的供应和对炒作的依赖使其成为一种投机性投资。相反，Rexas Finance (RXS) 提供了一种更加结构化的价值创造方法，利用区块链技术来解决实际挑战。

About Rexas Finance

关于雷克萨斯金融

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 是一个专注于现实世界资产（RWA）代币化的新颖项目，预计随着区块链技术的进步，该市场将显着增长。 Rexas Finance 旨在通过对房地产、大宗商品和金融工具等有形资产进行代币化来彻底改变传统金融。该平台有助于创建代表特定资产部分所有权的数字代币，从而实现资产的去中心化购买、出售和交易。通过实现资产所有权民主化、降低准入门槛并提高流动性，该平台为全球受众提供了投资机会。

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.

现实世界资产的代币化有可能改变金融部门，解决现有市场的低效率问题。这些低效率包括散户投资者的投资机会有限、缺乏流动性以及交易成本高。通过区块链技术，Rexas Finance 提供的解决方案可提高资产管理的可访问性、效率和透明度。

Key Features of Rexas Finance

Rexas 金融的主要特点

• 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：一种用户友好且安全的工具，供个人和企业对任何现实世界资产进行代币化。它简化了资产支持代币的创建，支持从艺术品的分散所有权到房地产投资的各种应用。Launchpad：一个综合平台，使创新项目能够出售代币以获取资金。它通过允许项目向投资者网络展示其代币来提供早期融资机会。 分割式房地产：促进房地产的代币化，使分割式房地产投资成为可能。这一功能有可能通过为其他非流动性资产提供流动性并降低进入门槛来颠覆传统房地产市场。除了这些功能之外，Rexas Finance 还整合了监管合规工具、人工智能驱动的智能合约和去中心化金融 (DeFi) 应用程序，增强平台的实用性和价值。

Market Potential and RXS Growth Prospects

市场潜力和 RXS 增长前景

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.

现实世界资产的代币化提供了数万亿美元的机会。全球交易的金融资产价值超过 486 万亿美元，即使将这些资产的一小部分代币化也可能会为 Rexas Finance 等平台带来大幅增长。随着采用率的增长，促进生态系统内交易的 RXS 代币有可能获得巨大的价值。

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 比狗狗币等投机资产更具优势，因为它专注于现实世界的用例并解决现有市场效率低下的问题。狗狗币主要依赖社区支持和社交媒体炒作，而 Rexas Finance 旨在彻底改变传统资产的管理和交易方式，创造可持续的价值。

Conclusion

结论

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.

尽管狗狗币在下一次牛市期间可能仍会吸引人们的兴趣，但其通胀模型和对炒作的依赖使其成为投机性赌注。相比之下，Rexas Finance (RXS) 提出了一种更有条理的价值创造方法，并有可能在资产代币化市场中获得巨大的吸引力。凭借其创新功能和解决现实世界挑战的能力，该平台将自己定位为一个可行的投资机会，到 2025 年 1 月可能会超过狗狗币的潜在增长。因此，对于那些寻求利用该平台的人来说，Rexas Finance 代表了一个从根本上来说更强大的投资机会。不断发展的区块链和资产管理格局，尽管狗狗币社区可能会推动其夺回 800 亿美元的市值。