Dogecoin price soared around 30% in the past month. However, it seems that fewer people are holding DOGE tokens, despite this rise in prices. Is Dogecoin dead? Where is the Dogecoin community?

過去一個月，狗狗幣價格飆升了 30% 左右。然而，儘管價格上漲，持有 DOGE 代幣的人似乎越來越少。狗狗幣死了嗎？狗狗幣社群在哪裡？

Dogecoin Price Analysis

狗狗幣價格分析

As of the latest update, Dogecoin is trading at approximately $0.076. It holds a market capitalization of around $10.78 billion, ranking 9th in the cryptocurrency market. Over the past month, DOGE has experienced a notable increase of about 26.25% in its value. This recent uptick follows a period of fluctuating performance, with a 22.38% increase over the last 60 days and a slight 0.54% rise in the past week. These figures suggest a resurgence of interest in Dogecoin, possibly influenced by various market factors and community activities.

截至最新更新，狗狗幣的交易價格約為 0.076 美元。其市值約為107.8億美元，在加密貨幣市場排名第9。過去一個月，DOGE 的價值顯著成長了約 26.25%。最近的上漲是在一段時期的表現波動之後出現的，過去 60 天上漲了 22.38%，過去一周小幅上漲了 0.54%。這些數字顯示人們對狗狗幣的興趣重新燃起，這可能是受到各種市場因素和社區活動的影響。

Is Dogecoin DEAD? A Few Factors to Consider…

狗狗幣死了嗎？需要考慮的幾個因素…

1. Decline in Dogecoin Millionaires

1. 狗狗幣百萬富翁數量下降

Over the past year, there has been a significant decrease in the number of Dogecoin millionaires. The number of addresses holding over $1 million in DOGE has dropped from 1,046 in November 2022 to 633 as of November 16. This reduction is even more pronounced among larger holders, with those possessing over $10 million in DOGE declining from 160 to 88.

過去一年，狗狗幣百萬富翁的數量大幅減少。截至11 月16 日，持有超過100 萬美元DOGE 的地址數量已從2022 年11 月的1,046 個減少到633 個。這種減少在較大的持有者中更為明顯，持有超過1000 萬美元DOGE 的地址從160 個減少到88 個。

2. Price Depreciation and Market Sentiment

2. 價格貶值與市場情緒

This decline in wealthy DOGE holders correlates with a substantial drop in the asset’s value. Dogecoin’s price has fallen by almost 50% from $0.15 in November 2022 to the current price of around $0.08. This bearish trend aligns with a general decrease in interest in meme coins, including others like Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI).

富有的 DOGE 持有者的減少與資產價值的大幅下跌有關。狗狗幣的價格已從 2022 年 11 月的 0.15 美元跌至目前的 0.08 美元左右，跌幅近 50%。這種看跌趨勢與人們對 Meme 代幣的興趣普遍下降相一致，包括 Pepe (PEPE)、Shiba Inu (SHIB) 和 Floki (FLOKI) 等其他代幣。

3. Google Trends showing weak interest

3. 谷歌趨勢表現出興趣疲軟

Google Trends has indicated a significant decline in the number of searches related to Dogecoin. This trend suggests a waning public curiosity or discussion around this particular cryptocurrency. Historically, spikes in Google search trends for cryptocurrencies like Dogecoin have often coincided with surges in their market value or media attention. However, the current low levels of search interest could reflect a diminished hype or a shift in focus away from meme-based digital currencies.

谷歌趨勢顯示，與狗狗幣相關的搜尋數量顯著下降。這種趨勢表明公眾對這種特定加密貨幣的好奇心或討論正在減弱。從歷史上看，像狗狗幣這樣的加密貨幣在Google搜尋趨勢的激增往往與其市場價值或媒體關注度的飆升同時發生。然而，目前搜尋興趣的低水平可能反映出炒作的減弱或焦點從基於模因的數位貨幣轉移。

This decrease in online searches might be indicative of a broader trend in the cryptocurrency market, where investors and enthusiasts are possibly turning their attention to other digital assets or blockchain technologies with more defined utility or innovative features.

線上搜尋的減少可能表明加密貨幣市場的更廣泛趨勢，投資者和愛好者可能將注意力轉向具有更明確實用性或創新功能的其他數位資產或區塊鏈技術。

NB: Address Multiplicity and Market Accuracy

注意：解決多樣性和市場準確性

It’s important to consider that a single investor can control multiple addresses. This factor could introduce inaccuracies in the actual count of Dogecoin millionaires, potentially skewing the perceived decline and attributing to potentially only one individual.

重要的是要考慮到單一投資者可以控制多個地址。這一因素可能會導致狗狗幣百萬富翁的實際計數不準確，從而可能扭曲感知的下降並可能僅歸因於一個人。