• Interest in Dogecoin fell despite the crypto market cap increase to $1.75 trillion.

儘管加密貨幣市值增至 1.75 兆美元，但人們對狗狗幣的興趣卻下降了。

• DOGE’s price might not hit $0.090 anytime soon.

DOGE 的價格可能不會很快達到 0.090 美元。

The total crypto market cap jumped by 3.95% in the last 24 hours, thanks to the fuel provided by price jumps. Out of the top 10 cryptocurrencies, Dogecoin [DOGE] was one of those with a small price increase, AMBCrypto observed.

在物價上漲的推動下，加密貨幣總市值在過去 24 小時內上漲了 3.95%。 AMBCrypto 觀察到，在十大加密貨幣中，狗狗幣 [DOGE] 是價格小幅上漲的加密貨幣之一。

At press time, DOGE’s price was $0.08, and its market cap was $11.66 billion.

截至發稿，DOGE 股價為 0.08 美元，市值為 116.6 億美元。

In the meantime, DOGE might continue to trade sideways. This was because the broader market interest in the coin was waning. It was also the same situation with Ethereum [ETH], according to data from Santiment.

同時，DOGE 可能會繼續橫向交易。這是因為更廣泛的市場對代幣的興趣正在減弱。根據 Santiment 的數據，以太坊 [ETH] 的情況也相同。

One metric that gives an idea of market interest is the social volume.

衡量市場興趣的一個指標是社交量。

Like the social volume, the Weighted Sentiment also tells when the market is bullish or bearish about a project.

與社交量一樣，加權情緒也顯示市場何時看漲或看跌某個項目。

At press time, Dogecoin’s Weighted Sentiment was -0.863.  Weighted Sentiment spikes when the social volume is very high and most messages around a cryptocurrency are positive.

截至發稿時，狗狗幣的加權情緒為-0.863。當社交量非常高且大多數有關加密貨幣的消息都是正面的時，加權情緒就會飆升。

If Bitcoin rises, DOGE bleeds

如果比特幣上漲，DOGE 就會流血

But as of this writing, the metric was negative. This indicates that most of the texts regarding DOGE were pessimistic. This was also evident in the social volume. On the 5th of February, Dogecoin’s social volume was high, the same as on the 7th of February.

但截至撰寫本文時，此指標為負。這表明大多數有關 DOGE 的文本都是悲觀的。這一點在社交量上也很明顯。 2月5日，狗狗幣社交量較高，與2月7日持平。

However, the metric at press time dropped, indicating that the search for DOGE throughout social media has been unimpressive. Should this remain the same, participants might not experience a surge in the memecoin’s price in the short term.

然而，截至發稿時該指標有所下降，表明社交媒體上對 DOGE 的搜尋量並不令人印象深刻。如果這種情況保持不變，參與者可能不會在短期內經歷模因幣價格的飆升。

Source: Santiment

資料來源：Santiment

As things stand, DOGE might continue to consolidate irrespective of Bitcoin’s [BTC] price action. Previously, the correlation between BTC and DOGE was a solid one. However, AMBCrypto’s assessment of the 90-day correlation showed that the coins were inversely correlated.

就目前情況而言，無論比特幣 [BTC] 的價格走勢如何，DOGE 都可能會繼續整合。在此之前，BTC 和 DOGE 之間的相關性很強。然而，AMBCrypto 對 90 天相關性的評估表明，這些代幣呈負相關。

Should you look at other options?

您應該考慮其他選擇嗎？

According to Macroaxis, the three-month correlation coefficient between DOGE and BTC was 0.46. If the coefficient is close to 1, it implies that both cryptocurrencies follow a similar direction. On the other hand, a correlation coefficient close to zero or -1 suggests otherwise.

根據 Macroaxis 的數據，DOGE 與 BTC 之間的三個月相關係數為 0.46。如果係數接近 1，則表示兩種加密貨幣遵循相似的方向。另一方面，相關係數接近零或-1則表示情況並非如此。

For example, if you invested some capital into Bitcoin 90 days ago, you would have made 27.48% in gains. But if you chose to go with Dogecoin, the investment would have yielded a little over 2% in profit.

例如，如果您在 90 天前將一些資金投入比特幣，您將獲得 27.48% 的收益。但如果您選擇狗狗幣，投資將產生略高於 2% 的利潤。

Source: Macroaxis

來源：Macroaxis

This hypothesis also infers that DOGE has become less volatile compared to BTC. A look at the DOGE/USD 4-hour chart confirms the lack of volatility as the Bollinger Bands (BB) contracted. In the short term, DOGE’s price might not rise higher the $0.085.

這一假設也表明，與 BTC 相比，DOGE 的波動性較小。 DOGE/USD 4 小時圖表證實了布林通道 (BB) 收縮，缺乏波動性。短期內，DOGE 的價格可能不會升至 0.085 美元以上。

Read Dogecoin’s [DOGE] Price Prediction 2024-2025

閱讀狗狗幣 [DOGE] 2024-2025 年價格預測

Furthermore, the Accumulation/Distribution (A/D) line also showed that participants were not buying the coin. In a situation like this, Dogecoin might keep consolidating.

此外，累積/分配（A/D）線也表明參與者沒有購買代幣。在這種情況下，狗狗幣可能會繼續整合。

Should bulls come to its aid, the coin price might rise to $0.090. However, indications from the technical evaluation revealed that the potential rise was unlikely in the short term.

如果多頭伸出援手，代幣價格可能會上漲至 0.090 美元。然而，技術評估顯示，短期內上漲的可能性不大。

Source: TradingView

來源：TradingView