Dogecoin Struggles Amidst Crypto Market Liquidations

狗狗幣在加密貨幣市場清算中掙扎

With the ongoing decline in the cryptocurrency industry, Dogecoin (DOGE) has become a casualty of the crossfire. CoinGlass data reveals that DOGE is among the leading meme coins facing liquidation, with over $4 million worth liquidated within 24 hours.

隨著加密貨幣產業的持續下滑，狗狗幣（DOGE）成為了交火的受害者。 CoinGlass 數據顯示，DOGE 是面臨清算的主要 meme 代幣之一，24 小時內清算價值超過 400 萬美元。

While this liquidation amount pales in comparison to the $90.06 million for Bitcoin (BTC), it is still a significant figure for DOGE. As of the liquidation point, approximately 41,554,054 DOGE have been liquidated, with long traders accounting for $4.87 million of the total.

雖然這項清算金額與比特幣 (BTC) 的 9,006 萬美元相比相形見絀，但對於 DOGE 來說仍然是一個重要數字。截至清算點，約有 41,554,054 DOGE 已被清算，其中多頭交易者佔 487 萬美元。

The focus on Dogecoin stems from its recent price drop of 7.89% to $0.1121 in 24 hours. This marks its lowest price point in the past month, representing a decline of over 29%.

對狗狗幣的關注源於其近期價格在 24 小時內下跌 7.89% 至 0.1121 美元。這標誌著過去一個月的最低價格點，跌幅超過 29%。

The meme coin ecosystem as a whole is currently at a critical juncture, with no positive growth among the most capitalized coins. Despite PEPE also experiencing liquidations exceeding $4 million, expectations of a market recovery fueled by Shiba Inu's (SHIB) surge in burn rate have not come to fruition.

整個迷因幣生態系統目前正處於關鍵時刻，資本最多的幣種沒有出現正成長。儘管 PEPE 也經歷了超過 400 萬美元的清算，但柴犬 (SHIB) 燒錢率飆升推動市場復甦的預期尚未實現。

As a result, the meme coin sector has become vulnerable to the broader market downturn, which has witnessed Bitcoin跌至$58,000.

因此，迷因幣產業變得容易受到更廣泛市場低迷的影響，比特幣已跌至 58,000 美元。

Despite the unfavorable market conditions, Dogecoin and other meme coins possess unique ecosystem fundamentals. Apart from whale accumulation and increasing volume, meme coins serve as a litmus test for overall market volatility.

儘管市場條件不利，狗狗幣和其他迷因幣仍擁有獨特的生態系統基礎。除了鯨魚的累積和交易量的增加之外，迷因幣也是整體市場波動性的試金石。

Analysts anticipate that as the market continues its descent, these altcoins may soon reach their bottom. If this occurs, meme coins could potentially experience a more substantial rebound compared to other altcoins.

分析師預計，隨著市場繼續下跌，這些山寨幣可能很快就會觸底。如果發生這種情況，與其他山寨幣相比，迷因幣可能會出現更大幅度的反彈。

With DOGE, PEPE, and SHIB in the spotlight, it is suggested that the more significant their decline, the more pronounced their potential resurgence.

DOGE、PEPE 和 SHIB 成為人們關注的焦點，表明它們的衰退越嚴重，它們的潛在復甦就越明顯。