As the king cryptocurrency, Bitcoin, aims for $36,000 again, the downward trend in altcoins seems to be reversing. The performance of BTC price directly affects the rest of the market. Investors expect Bitcoin to continue its upward movement steadily, avoiding the major pullbacks they have been accustomed to for months. But what about the price of Dogecoin (DOGE)?

隨著加密貨幣之王比特幣再次瞄準 36,000 美元，山寨幣的下跌趨勢似乎正在逆轉。 BTC價格的表現直接影響市場的其他部分。投資者預計比特幣將繼續穩定上漲，避免幾個月來已經習慣的大幅回檔。但是狗狗幣（DOGE）的價格又如何呢？

Dogecoin (DOGE) Analysis

狗狗幣（DOGE）分析

Firstly, we need to look at the miners who have contributed significantly to the price decline. According to the data from the past month, the total reserve of miners has increased from 4.29 billion DOGE to 4.35 billion. This is the highest level since October 24. Miners seem to be optimistic for DOGE as the BTC price continues to rise.

首先，我們需要看看對價格下跌有重大貢獻的礦工。近一個月數據顯示，礦工總儲備量從42.9億DOGE增加至43.5億。這是10月24日以來的最高水準。隨著BTC價格持續上漲，礦工們似乎對DOGE持樂觀態度。

However, miner reserves are far from the 7.45 billion DOGE figure in mid-2022. Below, you can see the accumulation over a longer period. Miners accelerated their selling and halved their balances as interest rate hikes began in 2022.

然而，礦工儲備與 2022 年中期 74.5 億 DOGE 的數字相去甚遠。下面，您可以看到較長時期的累積。隨著 2022 年升息開始，礦商加速拋售並將餘額減半。

Did miners stop working, leading to such a reduction in their holdings? No, hash data tells us that miner power is also at a high level. Meme coins are usually the first ones to be abandoned in bear markets but can also bring huge gains in bull markets. It is advisable for investors to closely monitor miner movements and be cautious against potential selling waves. In the long-term chart, we clearly see that miners have pushed the price to deeper lows.

是礦工停止工作，導致持有量如此減少？不，哈希數據告訴我們，礦工的算力也處於較高水準。 Meme幣通常在熊市中最先被拋棄，但在牛市中也能帶來巨大收益。建議投資者密切注意礦商動向，並對潛在的拋售浪潮保持謹慎。在長期圖表中，我們清楚地看到礦商已將價格推至更深的低點。

DOGE Price Predictions

DOGE 價格預測

Putting aside the on-chain aspect, DOGE price is hovering around $0.074. The altcoin, which erased half of yesterday’s gains, found some relief with the recovery of BTC. Daily closes above $0.0752 can target the $0.774 peak. There are no significant factors to support DOGE price from the outside. Elon Musk is busy with his new AI chatbot toy, and the number of strong meme coin alternatives to DOGE is increasing. The latest one is supported by 9gag.

拋開鏈上因素不談，DOGE 價格徘徊在 0.074 美元左右。山寨幣抹去了昨天一半的漲幅，但隨著比特幣的復甦，比特幣的表現有所緩和。每日收盤價高於 0.0752 美元可以瞄準 0.774 美元的峰值。外部並無支撐DOGE價格的重要因素。馬斯克（Elon Musk）正忙於他的新人工智慧聊天機器人玩具，而 DOGE 的強大 meme 硬幣替代品的數量正在增加。最新的由 9gag 支持。

Months ago, Elon Musk suggested that the Dogecoin team should focus on development activities. Then, a developer grant/reward program was announced. If there is news about the outcome of these steps, DOGE price could revive. On the other hand, new announcements regarding the DOGE-1 mission could support the price. For now, $0.068 is a good level for a medium-term upward trend, and if the specified levels are surpassed in the short term, a journey towards $0.1 could be possible. However, BTC must remain strong and convince DOGE miners to stop their selling and accumulate around the 7 billion level again.

幾個月前，馬斯克建議狗狗幣團隊應該專注於開發活動。然後，宣布了開發者資助/獎勵計劃。如果有關於這些步驟結果的消息，DOGE 價格可能會復甦。另一方面，有關 DOGE-1 任務的新公告可能會支撐價格。目前，0.068 美元是中期上升趨勢的良好水平，如果短期內超過指定水平，則有可能走向 0.1 美元。然而，BTC 必須保持強勁，並說服 DOGE 礦工停止拋售，並再次累積到約 70 億美元的水平。

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