The Dogecoin price is currently trading at around $0.15 - $0.20 in early March, still far below its all-time high of $0.74 despite its pump this month, prompting questions about its investment potential this year. 

3 月初，狗狗幣價格目前交易價格約為 0.15 至 0.20 美元，儘管本月大幅上漲，但仍遠低於 0.74 美元的歷史高點，引發了人們對其今年投資潛力的質疑。

This article explores the key considerations before buying Dogecoin, with a particular focus on the feasibility of $1 predictions in 2024.

本文探討了購買狗狗幣之前的關鍵考慮因素，特別關注 2024 年 1 美元預測的可行性。

Limited Utility, Market Volatility, and Competition: A Cocktail of Uncertainty

有限效用、市場波動與競爭：不確定性的混合物

One major concern surrounding Dogecoin is its limited utility. Unlike numerous cryptocurrencies with specific purposes, Dogecoin primarily functions as a tipping and meme-based currency. This lack of real-world applications raises concerns about its long-term viability and ability to experience significant price appreciation.

圍繞狗狗幣的一大擔憂是其實用性有限。與眾多具有特定用途的加密貨幣不同，狗狗幣主要用作小費和基於迷因的貨幣。缺乏實際應用引發了人們對其長期生存能力和價格大幅升值能力的擔憂。

Furthermore, the inherent volatility of the cryptocurrency market, with Dogecoin being no exception, adds another layer of risk. Its price is heavily influenced by market sentiment and hype - particularly tweets from Elon Musk - making it a riskier investment compared to more established assets. This volatility can lead to sudden and significant price swings, potentially resulting in substantial losses for investors.

此外，加密貨幣市場固有的波動性（狗狗幣也不例外）增加了另一層風險。它的價格很大程度上受到市場情緒和炒作的影響，尤其是馬斯克的推文，這使得它與更成熟的資產相比成為風險更高的投資。這種波動可能導致價格突然大幅波動，可能會對投資者造成重大損失。

Adding to the uncertainty is the ever-evolving landscape of cryptocurrencies, with new projects constantly emerging. Dogecoin faces stiff competition from established players and innovative newcomers, making its future growth path uncertain.

加密貨幣不斷發展的格局以及新項目的不斷湧現也增加了不確定性。狗狗幣面臨來自老牌玩家和創新新玩家的激烈競爭，使其未來的成長道路充滿不確定性。

Established cryptocurrencies with well-defined use cases may attract more users and investment, potentially hindering Dogecoin's growth. Additionally, the unclear regulatory landscape surrounding cryptocurrencies introduces another layer of risk for potential investors.

具有明確用例的成熟加密貨幣可能會吸引更多用戶和投資，這可能會阻礙狗狗幣的成長。此外，圍繞加密貨幣的監管環境不明確為潛在投資者帶來了另一層風險。

Recent Price Surge and Underlying Volatility: Dogecoin Price Action

最近的價格飆升和潛在波動：狗狗幣價格走勢

Dogecoin has recently experienced a significant uptick in price, aligning with the overall bullish sentiment in the cryptocurrency market. At the time of writing, its price sits at $0.18, representing a notable gain of over 14% within the past 24 hours. 

狗狗幣最近價格大幅上漲，與加密貨幣市場的整體看漲情緒一致。截至撰寫本文時，其價格為 0.18 美元，過去 24 小時內漲幅超過 14%。

This surge is part of a broader trend that has seen Dogecoin's value skyrocket by 133% over the past month - although prior to that its price traded sideways for most of 2023.

這種飆升是更廣泛趨勢的一部分，過去一個月狗狗幣的價值飆升了 133%，儘管在此之前其價格在 2023 年的大部分時間裡都在橫盤整理。

Several factors contribute to this recent upward trajectory. The broader cryptocurrency market is currently experiencing positive sentiment, which has buoyed the price of Dogecoin alongside other altcoins. 

有幾個因素促成了近期的上昇軌跡。目前，更廣泛的加密貨幣市場正在經歷積極的情緒，這提振了狗狗幣和其他山寨幣的價格。

Along with that, the recent surge in Bitcoin's price, exceeding $67,000, has had a positive spillover effect on the altcoin market, including Dogecoin.

除此之外，最近比特幣價格飆升超過 67,000 美元，對包括狗狗幣在內的山寨幣市場產生了積極的溢出效應。

Dogecoin's trading volume has also seen a substantial rise, reaching the $6 billion mark, indicating increased investor interest. However, it's crucial to remember that Dogecoin's price history is marked by significant volatility. 

狗狗幣的交易量也大幅上升，達到 60 億美元大關，顯示投資者的興趣增加。然而，重要的是要記住，狗狗幣的價格歷史具有顯著的波動性。

In the latest trading sessions, its value has fluctuated between $0.15 and $0.20, highlighting the inherent risk associated with this investment.

在最近的交易日中，其價值在 0.15 美元至 0.20 美元之間波動，凸顯了與此項投資相關的固有風險。

Will Dogecoin reach $1 in 2024?

2024 年狗狗幣會達到 1 美元嗎？

While some analysts predict a potential surge to $1 in 2024, such as in the video below, it's essential to approach such forecasts with extreme caution. Reaching this target would require a roughly 6x increase from the current price, requiring a significant shift in market sentiment and widespread adoption.

儘管一些分析師預測 2024 年可能會飆升至 1 美元（如下面的影片所示），但必須極其謹慎地對待此類預測。要達到這一目標，需要將當前價格上漲約 6 倍，從而需要市場情緒發生重大轉變並廣泛採用。

Several factors make this prediction highly uncertain. Firstly, the broader market conditions would need to be extremely favorable for Dogecoin to reach $1. A potential market downturn could lead to a decline in Dogecoin's price.

有幾個因素使這項預測具有高度不確定性。首先，更廣泛的市場條件需要對狗狗幣達到 1 美元非常有利。潛在的市場低迷可能會導致狗狗幣價格下跌。

Secondly, without broader adoption and established use cases beyond its meme-based origins, Dogecoin faces an uphill battle to reach the $1 mark.

其次，如果沒有更廣泛的採用和超越其基於迷因的起源的既定用例，狗狗幣將面臨一場艱苦的戰鬥，以達到 1 美元大關。

Plus, technical indicators for Dogecoin also present a mixed picture. The Relative Strength Index (RSI) suggests potential overbought conditions, while the Moving Average Convergence Divergence (MACD) indicates a bullish pattern. Ultimately, these indicators should not be solely relied upon for investment decisions.

此外，狗狗幣的技術指標也呈現出喜憂參半的景象。相對強弱指數（RSI）顯示潛在的超買狀況，而移動平均線趨同背離（MACD）顯示看漲模式。最終，這些指標不應僅依賴投資決策。

Investing in Dogecoin carries significant risks and requires careful consideration. By carefully evaluating the risks and potential rewards, investors can make informed decisions about whether Dogecoin aligns with their investment goals.

投資狗狗幣有重大風險，需要仔細考慮。透過仔細評估風險和潛在回報，投資者可以就狗狗幣是否符合其投資目標做出明智的決定。

If you are uncertain about investing in Dogecoin, there's another alternative you can look into:

如果您不確定是否要投資狗狗幣，您可以考慮另一個選擇：

Smog: Is it Better Than Dogecoin? 

煙霧：它比狗狗幣好嗎？

While Dogecoin's price targets remain uncertain, a new player named Smog is emerging as a potential alternative. Smog operates on the Solana blockchain, known for its speed and scalability. This translates to faster transaction times and lower fees for users.

儘管狗狗幣的目標價仍不確定，但一個名為 Smog 的新參與者正在成為潛在的替代品。 Smog 在 Solana 區塊鏈上運行，以其速度和可擴展性而聞名。這意味著更快的交易時間和更低的用戶費用。

But Smog goes beyond just memes. It aims to revolutionize airdrop model with a gamified element added.

但煙霧不僅僅是模因。它旨在透過添加遊戲化元素來徹底改變空投模型。

Smog's ecosystem further entices investors. It offers staking rewards of up to 42% annually, incentivizing long-term holding. 

Smog的生態系統進一步吸引了投資者。它每年提供高達 42% 的質押獎勵，激勵長期持有。

Additionally, its airdrops run via Zealy and community engagement initiatives, attracting over 14,000 participants so far, contribute to its appeal.

此外，它的空投透過 Zealy 和社區參與計劃進行，迄今為止吸引了超過 14,000 名參與者，這也增強了其吸引力。

The cryptocurrency market is currently witnessing a surge in meme coin prices. Smog has seen its price explode by over 100% in the past week, joining the ranks of other rising meme coins like Pepe (325%) and Dogwifhat (over 200% propelled by its Binance listing announcement). 

加密貨幣市場目前正在見證迷因幣價格的飆升。 Smog 的價格在過去一周暴漲超過 100%，加入了 Pepe (325%) 和 Dogwifhat（受幣安上市公告推動超過 200%）等其他上漲的 meme 代幣的行列。

This trend highlights the growing popularity of meme coins, particularly those built on the Solana blockchain.

這一趨勢凸顯了迷因幣的日益流行，尤其是那些建立在 Solana 區塊鏈上的幣。

With that being said, it’s up to the investor to do their own research and invest according to their risk appetite. 

話雖如此，投資人應該根據自己的風險偏好進行自己的研究和投資。

Find the full Smog roadmap at smogtoken.com.

在 smogtoken.com 上找到完整的 Smog 路線圖。

Source: https://thebittimes.com/should-you-buy-dogecoin-are-1-price-predictions-realistic-in-2024-tbt81653.html

資料來源：https://thebittimes.com/should-you-buy-dogecoin-are-1-price-predictions-realistic-in-2024-tbt81653.html