Analyst Predicts Potential Surge in Dogecoin Price

分析師預測狗狗幣價格可能飆升

Since its inception, Dogecoin (DOGE) has maintained its prominence among meme coins, with investors hopeful of it reaching $1. Despite market volatility, analysts remain optimistic about DOGE's future, particularly given its support from Elon Musk.

自誕生以來，狗狗幣（DOGE）一直在迷因幣中保持突出地位，投資者希望它能達到 1 美元。儘管市場波動，分析師仍對 DOGE 的未來持樂觀態度，特別是考慮到其得到 Elon Musk 的支持。

Analyst's Commentary on DOGE

分析師對 DOGE 的評論

Cryptocurrency analyst Altcoin Sherpa expressed a bullish outlook for DOGE, considering its current price consolidation. In a YouTube video, he suggested a potential surge to $0.50 for the meme coin.

考慮到 DOGE 目前的價格整合，加密貨幣分析師 Altcoin Sherpa 表達了對 DOGE 的看漲前景。在 YouTube 影片中，他建議 Meme 幣的價格可能飆升至 0.50 美元。

However, the analyst also highlighted the impact of market capitalization. According to him, DOGE's relatively high market cap could potentially hinder significant price increases. Nonetheless, he noted that DOGE may still outperform competitors such as Pepe (PEPE), Bonk (BONK), and dogwifhat (WIF).

不過，分析師也強調了市值的影響。他表示，DOGE 相對較高的市值可能會阻礙價格大幅上漲。儘管如此，他指出 DOGE 的表現仍可能優於 Pepe (PEPE)、Bonk (BONK) 和 Dogwifhat (WIF) 等競爭對手。

"I think DOGE will eventually test some of these high levels. I believe $0.35 to $0.40 is definitely possible. It might even rise to $0.50. However, DOGE might face issues due to its large size... retail participants might find DOGE too expensive in terms of market cap and prefer betting on something like Pepe or WIF or Bonk, or other large-cap memes with ample liquidity but greater upside potential."

「我認為DOGE 最終將測試其中一些高水平。我相信0.35 美元到0.40 美元絕對是可能的。甚至可能升至0.50 美元。但是，DOGE 可能會因規模較大而面臨問題......零售參與者可能會發現DOGE 太貴了就市值而言，更喜歡押注於 Pepe、WIF 或 Bonk 等資產，或其他流動性充足但上漲潛力更大的大盤 meme。

Current Status of DOGE

DOGE現狀

Over the past 24 hours, DOGE's price has decreased by 1.76%, contributing to a 14% weekly decline. Its current price stands at $0.1125, representing an 84.79% reduction from its all-time high of $0.7376.

過去 24 小時內，DOGE 價格下跌 1.76%，週跌幅達 14%。目前價格為 0.1125 美元，較歷史高點 0.7376 美元下跌 84.79%。

DOGE's market capitalization has dropped to $16.4 billion, while its trading volume has increased by 11%, exceeding $880 million.

DOGE的市值已降至164億美元，而其交易量卻成長了11%，超過8.8億美元。

The analyst noted that DOGE's overall outlook is favorable and predicted possible consolidation around $0.12 before a potential increase.

該分析師指出，DOGE 的整體前景良好，並預計在潛在上漲之前可能會在 0.12 美元左右盤整。

"You know, it still looks pretty good... I think DOGE will just hover around but eventually, it will be quite good."

“你知道，它看起來仍然相當不錯......我認為 DOGE 只會徘徊，但最終，它會相當不錯。”