In the last week, DOGE, alongside other cryptocurrencies, suffered a significant price dip following reports of US enforcement action on the world’s largest exchange, Binance, and the company’s CEO, Changpeng “CZ” Zhao. In particular, DOGE recorded a cumulative price loss of 6.85%, ranking as one of the biggest losers in the last seven days, according to data from CoinMarketCap.

上週，有報導稱美國對全球最大的交易所幣安及其首席執行官趙長鵬「CZ」採取了執法行動，DOGE 與其他加密貨幣一起價格大幅下跌。尤其是，根據 CoinMarketCap 的數據，DOGE 累計跌幅達 6.85%，是過去 7 天內最大跌幅之一。

However, there are some positive developments regarding the meme coin, which indicate that investors may soon record a significant price gain.

然而，模因幣有一些積極的發展，這表明投資者可能很快就會錄得顯著的價格上漲。

DOGE Record Transactions Worth Over $100,000 – Price Gain Imminent? 

DOGE 創紀錄交易價值超過 10 萬美元——價格上漲迫在眉睫？

In an X post on November 23, popular crypto analyst Ali Martinez shared that the DOGE market recorded $100,000 in transactions in the past month based on data from In The Block.

在 11 月 23 日的 X 貼文中，受歡迎的加密貨幣分析師 Ali Martinez 表示，根據 In The Block 的數據，DOGE 市場在過去一個月的交易達到了 10 萬美元。

According to Martinez, this development marks a rising interest in DOGE from major institutional players as well as crypto whales, which means the maiden meme coin could be set for a price boost soon.

馬丁內斯表示，這一發展標誌著主要​​機構參與者以及加密鯨魚對 DOGE 的興趣日益濃厚，這意味著首次發行的模因幣可能很快就會上漲。

#Dogecoin | There's a notable surge in $DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs.

#狗狗幣 |過去一個月，$DOGE 交易量顯著激增，超過 10 萬美元，不斷創出新高。

This uptick suggests increased interest in #DOGE from institutional players and whales, potentially gearing up for a significant price spike. pic.twitter.com/UpxVkfu9hW

這種上升表明機構參與者和鯨魚對#DOGE的興趣增加，可能會為價格大幅上漲做好準備。 pic.twitter.com/UpxVkfu9hW

— Ali (@ali_charts) November 23, 2023

— 阿里 (@ali_charts) 2023 年 11 月 23 日

Providing more insight into this positive trend in the  DOGE market, blockchain analytics firm Santiment reported that 121 new wallets containing over 1 million DOGE have been created in the last month, terming it “a Sign of Big Money Interest.”

區塊鏈分析公司Santiment 提供了對DOGE 市場這一積極趨勢的更多見解，報告稱上個月創建了121 個新錢包，其中包含超過100 萬個DOGE，並將其稱為「大資金興趣的標誌」。

Santiment noted that Dogecoin has also recently recorded its largest spike in activity from dormant wallets, which indicates an incoming reversal of the token’s price trend, which is currently negative. 

Santiment 指出，狗狗幣最近也記錄了休眠錢包活動的最大峰值，這表明該代幣的價格趨勢即將發生逆轉，目前價格趨勢為負。

Behind DOGE’s Rise In Transaction – Dogecoin Co-Founder Weighs In 

DOGE 交易量成長的背後——狗狗幣聯合創始人的參與

In explaining the driving force behind increasing Dogecoin transactions, the token’s founder Billy Markus, with the X username Shibetoshi Nakamoto pointed out the introduction of ordinals and shitcoins.

在解釋狗狗幣交易增加背後的驅動力時，該代幣的創始人 Billy Markus（X 用戶名 Shibetoshi Nakamoto）指出了序數和垃圾幣的引入。

This information was revealed in a separate post on X in response to a crypto enthusiast who highlighted the “parabolic” trend in the number of transactions on the Dogecoin network.

該資訊是在 X 上的另一篇文章中披露的，以回應一位加密貨幣愛好者，該愛好者強調了狗狗幣網路上交易數量的「拋物線」趨勢。

ordinals and shitcoins using doge blockchain

使用 doge 區塊鏈的序號和垃圾幣

— Shibetoshi Nakamoto (@BillyM2k) November 24, 2023

— Shibetoshi Nakamoto (@BillyM2k) 2023 年 11 月 24 日

DOGE Ordinals, popularly known as “Doginals,” are quite similar to the Bitcoin Ordinals. They are referred to as DRC-20 token standards, which allow users to inscribe information on the smallest individual units of a Dogecoin, i.e., shibes.

DOGE 序號，俗稱“Doginals”，與比特幣序號非常相似。它們被稱為 DRC-20 代幣標準，允許用戶在狗狗幣的最小單一單元（即 shibe）上刻寫資訊。

With the DRC-20 standard, DOGE users can now create non-fungible tokens (NFTs) supported by the Dogecoin network. Understandably, this has led to a substantial rise in the transactions on the Dogecoin network.

透過 DRC-20 標準，DOGE 用戶現在可以創建受狗狗幣網路支援的不可替代代幣（NFT）。可以理解的是，這導致狗狗幣網路上的交易量大幅增加。

While this development marks an increased network adoption, which could attract investors, the increase in transactions is also accompanied by high network fees, which may drive away network users. 

雖然這一發展標誌著網路採用率的提高，這可能會吸引投資者，但交易量的增加也伴隨著高昂的網路費用，這可能會趕走網路用戶。

At the time of writing, DOGE trades at $0.078 with a 0.4% gain in the 24 hours. Meanwhile, its trading volume is up by 13.20% and valued at $374.16 million.

截至撰寫本文時，DOGE 交易價格為 0.078 美元，24 小時內上漲 0.4%。同時，其交易量成長了13.20%，價值達到37416萬美元。