Dogecoin Price Declines Amidst User Exodus

狗狗幣價格因用戶流失而下跌

Dogecoin's price experienced a setback on Tuesday, erasing gains from Monday's rally. On-chain metrics from Santiment indicate a significant decline in Dogecoin holders, with an estimated 106,600 non-empty wallets disappearing since October 8.

狗狗幣的價格週二遭遇挫折，抹去了周一上漲的漲幅。 Santiment 的鏈上指標顯示狗狗幣持有者大幅減少，自 10 月 8 日以來估計有 106,600 個非空錢包消失。

Dogecoin Price Overvaluation Signals

狗狗幣價格高估訊號

Santiment's data reveals that the number of active Dogecoin addresses reached a six-month high of 133,880 on October 10. However, at the time of writing, Dogecoin's price has fallen by 2.5% to $0.1131, accompanied by a sharp decrease in active addresses, suggesting a substantial drop in user activity.

Santiment 的數據顯示，10 月10 日，狗狗幣活躍地址數量達到133,880 個六個月高點。 ，這表明狗狗幣的價格已下跌2.5%，至0.1131 美元。

User Disappointment and Exodus

用戶失望與流失

"Dogecoin holders are disappearing rapidly," analysts say. "Since October 8, there has been a net reduction of around 106,600 non-empty DOGE wallets. Users are expressing disappointment with the performance of the largest meme coin and are seeking alternative investments."

「狗狗幣持有者正在迅速消失，」分析師表示。 「自 10 月 8 日以來，非空 DOGE 錢包淨減少了約 106,600 個。用戶對最大的 meme 代幣的表現表示失望，並正在尋求替代投資。”

Market Analysts' Outlook

市場分析師的展望

Despite the recent decline, market analysts have identified the $0.20 price level as a potential target for Dogecoin. Encouraging trends in the market suggest the possibility of an upward movement. Currently, Dogecoin is trading at $0.113 with a trading volume surge of over 100%, which could provide the impetus for a price recovery.

儘管最近有所下跌，但市場分析師仍將 0.20 美元的價格水平視為狗狗幣的潛在目標。令人鼓舞的市場趨勢顯示上漲的可能性。目前，狗狗幣交易價格為0.113美元，交易量激增超過100%，這可能為價格回升提供動力。

Moderate Growth Projections for 2024, Potential for Significant Gains in 2025

2024 年成長預測溫和，2025 年可望大幅成長

Based on the anticipated recovery of the overall cryptocurrency market in 2024, Dogecoin's price is projected to experience moderate growth between $0.12 and $0.25. While market consolidation may limit growth, positive sentiment and community support could drive prices higher.

根據 2024 年整體加密貨幣市場復甦的預期，狗狗幣的價格預計將在 0.12 美元至 0.25 美元之間溫和增長。雖然市場整合可能會限製成長，但正面情緒和社區支持可能會推高價格。

In 2025, with an improved bull market and technological advancements, Dogecoin's value could witness substantial appreciation, with predictions ranging from $0.22 to $0.50. This growth would be fueled by increased adoption, momentum, and partnerships driving demand and price movements.

到 2025 年，隨著牛市的改善和技術的進步，狗狗幣的價值可能會大幅升值，預測範圍為 0.22 美元至 0.50 美元。這種成長將由推動需求和價格變動的採用率、動力和合作夥伴關係的增加所推動。

Conclusion

結論

While the recent decline in Dogecoin holders and the MVRV metric's overvaluation signal remain concerns, market conditions and potential developments offer some optimism for future price movements.

雖然最近狗狗幣持有量的下降和 MVRV 指標的高估訊號仍然令人擔憂，但市場狀況和潛在發展為未來的價格走勢帶來了一些樂觀情緒。