DOGE, the internet’s favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical indicators, suggesting a potential price explosion on the horizon.

DOGE，網路上最受歡迎的迷因幣，再次成為人們關注的焦點。最近的數據顯示，期貨市場活動激增，加上看漲的技術指標，顯示價格可能即將爆發。

Data from Coinglass reveals a record high of over $2 billion in DOGE futures open interest, signifying a significant increase in market activity. This suggests that traders are placing more bets on the future price of the memecoin, with many likely anticipating a price rise.

相關閱讀：比特幣會爆發嗎？需求超過供應，流動性危機 Coinglass 的威脅數據顯示，DOGE 期貨未平倉合約創下超過 20 億美元的歷史新高，這意味著市場活動顯著增加。這表明交易者正在對 memecoin 的未來價格進行更多押注，許多人可能會預期價格會上漲。

DOGE Flexes Its Muscles With Big Numbers

Further bolstering the bullish case, DOGE funding rates have remained positive since the broader market rally began in October 2023, despite a temporary price dip in mid-March. Positive funding rates indicate that traders holding long positions (betting on a price increase) are being paid by those holding short positions (betting on a price decrease). This dynamic suggests a market bias towards a price appreciation for the crypto.

DOGE 以大數據展示實力進一步支持看漲理由，自 2023 年 10 月大盤反彈開始以來，儘管 3 月中旬價格暫時下跌，但 DOGE 融資利率一直保持正值。正的資金費率顯示持有多頭頭寸（押注價格上漲）的交易者正在由持有空頭部位（押注價格下跌）的交易者支付。這種動態顯示市場對加密貨幣價格升值有偏見。

Source: Coinglass

Analyzing the data reveals that the majority of this interest is spread around a number of significant cryptocurrency trading platforms, with Binance leading the way with nearly $640 million, Bybit coming in second with $623 million, and BingX coming in third with $300 million. The distribution of interest on these platforms demonstrates the growing fervor and trust that investors are putting in Dogecoin.

資料來源：Coinglass 數據分析表明，大部分興趣分佈在一些重要的加密貨幣交易平台上，其中幣安以近 6.4 億美元領先，Bybit 以 6.23 億美元排名第二，BingX 以 3 億美元排名第三。這些平台上的興趣分佈顯示投資者對狗狗幣的熱情和信任不斷增長。

The latest rumors about the possible integration of DOGE and cryptocurrency payments into X (previously Twitter) are partially responsible for this positive trend. There has been a lot of conjecture about the integration of DOGE into X’s payment systems, according to recent reports. Elon Musk’s well-known love for Dogecoin—he frequently refers to it as his favorite coin—has added gasoline to this rumor.

關於 DOGE 和加密貨幣支付可能整合到 X（以前的 Twitter）的最新傳言是這一積極趨勢的部分原因。根據最近的報道，對於將 DOGE 整合到 X 的支付系統中存在著許多猜測。伊隆馬斯克對狗狗幣眾所周知的熱愛——他經常稱其為他最喜歡的貨幣——為這一謠言增添了火彩。

DOGE market cap currently at $29.7 billion. Chart: TradingView.com

The confluence of these factors has instilled a sense of optimism among investors and traders. The cryptocurrency is currently trading at $0.21, representing a 30% increase over the past week. This positive sentiment has many anticipating an extended price rally for the meme coin.

DOGE 市值目前為 297 億美元。圖表：TradingView.com 這些因素的結合給投資者和交易者註入了樂觀情緒。該加密貨幣目前的交易價格為 0.21 美元，較過去一週上漲 30%。這種積極的情緒讓許多人預期模因幣的價格將進一步上漲。

However, amidst the excitement, experts advise caution. The cryptocurrency market remains notoriously volatile and unpredictable. While the current market conditions and technical indicators suggest a favorable outlook for DOGE in the near term, unforeseen events or broader market shifts could easily disrupt the current trajectory.

然而，在興奮之餘，專家建議謹慎行事。眾所周知，加密貨幣市場仍然不穩定且不可預測。雖然目前的市場狀況和技術指標表明 DOGE 近期前景良好，但不可預見的事件或更廣泛的市場變化可能很容易擾亂當前的軌跡。

Despite the inherent risks, Dogecoin’s recent performance underscores the evolving nature of the financial landscape. Even digital assets born out of internet jokes can, under the right circumstances, garner significant traction and influence within the market.

相關閱讀：根據投資公司執行長的《加密水晶球》，比特幣到 2025 年將達到 15 萬美元儘管存在固有風險，但狗狗幣最近的表現凸顯了金融格局不斷變化的性質。即使是從網路笑話中誕生的數位資產，在適當的情況下也可以在市場上獲得巨大的吸引力和影響力。

As Dogecoin continues to capture the attention of both crypto enthusiasts and mainstream investors, its future performance will be closely watched to see if it can defy its meme-coin origins and establish itself as a legitimate player in the ever-changing world of finance.

隨著狗狗幣繼續吸引加密貨幣愛好者和主流投資者的關注，其未來表現將受到密切關注，看看它是否能夠挑戰其迷因幣的起源，並在不斷變化的金融世界中確立自己的合法參與者地位。

Featured image from Ketut Subiyanto/Pexels, chart from TradingView

精選圖片來自 Ketut Subiyanto/Pexels，圖表來自 TradingView