Dogecoin's price has plummeted over the past month, experiencing a 30% drop to its lowest point in four months. This decline continues, with a 20% fall in the past week and nearly 10% in the last 24 hours, bringing its current price to approximately $0.1735. The market capitalization has shrunk to $25.75 billion, while trading volume has spiked to $2 billion amidst heightened trader activity.

在過去的一個月中，Dogecoin的價格暴跌，四個月內的價格下降了30％。 這種下降持續下降，過去一周下降了20％，在過去24小時內近10％，其目前的價格約為0.1735美元。 市值縮水至257.5億美元，而交易量增加了交易者活動的增長到20億美元。

Source: CoinMarketCap

資料來源：CoinMarketCap

This sharp downturn follows a turbulent week in the cryptocurrency market, triggered by Donald Trump's announcement of a "crypto reserve" plan, which initially propelled prices upward. However, this rally proved short-lived. Bitcoin has fallen nearly 4% to $83,250, reversing its Trump-related gains, and Ethereum has followed a similar trend. Dogecoin, however, has suffered a more significant and rapid decline compared to other major cryptocurrencies.

唐納德·特朗普（Donald Trump）宣布“加密儲備”計劃（Crypto Reserve）計劃，該計劃觸動了這一劇烈的衰退，這是在加密貨幣市場上的動盪一周，最初將價格推向上升。但是，這次集會被證明是短暫的。比特幣已下跌近4％至83,250美元，扭轉了與特朗普相關的收益，以太坊也遵循了類似的趨勢。 然而，與其他主要加密貨幣相比，多黴素的遭受的幅度更大和迅速下降。

Dogecoin's recent struggles contrast sharply with its post-election surge. Following Trump's January inauguration and the introduction of the Department of Government Efficiency (DOGE), its price rose dramatically from approximately $0.15 in November 2024 to over $0.47.

Dogecoin最近的鬥爭與大選後的激增形成鮮明對比。 在特朗普1月的就職典禮和政府效率部（DOGE）的引入之後，其價格從2024年11月的大約0.15美元上漲至超過0.47美元。

At its peak, Dogecoin's market cap exceeded $60 billion, fueled by Elon Musk's continued support and past endorsements.

在埃隆·馬斯克（Elon Musk）的持續支持和過去的認可方面的推動下，Dogecoin的市值超過了600億美元。

This momentum, however, has significantly waned. Over the past three months, Dogecoin has lost more than 40% of its value, with increasing selling pressure as investors realize profits. In the last 24 hours alone, a substantial $21.94 million worth of Dogecoin was liquidated—$18.51 million from long positions and $3.43 million from short positions.

然而，這種勢頭顯著下降。 在過去的三個月中，Dogecoin損失了其價值的40％以上，隨著投資者意識到利潤，銷售壓力的增加。 僅在過去的24小時內，就清算了價值219.4萬美元的狗狗幣，從長位置上獲得了1,851萬美元，而從短職位上獲得了343萬美元。

Despite the substantial price drop, Dogecoin remains among the top 10 cryptocurrencies. There's hope that new investment vehicles, such as ETFs, could reignite interest. Bitwise has filed for a Dogecoin ETF, and Grayscale has launched a Dogecoin Trust.

儘管價格大幅下降，但Dogecoin仍然是十大加密貨幣之一。 希望新的投資工具（例如ETF）能夠重新點燃興趣。 Bitwise已申請了Dogecoin ETF，Grayscale推出了Dogecoin Trust。

Experts estimate a 75% probability of approval for these Dogecoin investment products this year, potentially attracting new buyers and stabilizing the price.

專家估計，今年這些Dogecoin投資產品的批准可能性為75％，有可能吸引新的買家並穩定價格。

Currently, however, Dogecoin faces considerable headwinds. The initial enthusiasm surrounding Trump's victory has subsided, Musk's influence appears diminished, and the sell-off shows no signs of abating. Without a significant shift in market sentiment, Dogecoin may experience further price declines.

但是，目前，Dogecoin面對的是巨大的逆風。 圍繞特朗普勝利的最初熱情已經消退，馬斯克的影響力似乎減少了，而拋售沒有顯示出緩解的跡象。 沒有市場情緒的重大轉變，Dogecoin可能會進一步下降。

Also Read: Solana Drops 33% in a Month, Price Struggles Below $130

另請閱讀：Solana一個月內下跌33％，價格掙扎在130美元以下