Despite being the most popular meme coin in the crypto market right now, the price of Dogecoin has not performed as well as investors expected. Instead of following the overall trend of all coins in the space to new yearly highs, the price continued to stall. So far, Dogecoin has proved to be undergoing a failure to launch, but this could be changing soon.

儘管狗狗幣是目前加密市場上最受歡迎的迷因幣，但狗狗幣的價格表現並未達到投資者的預期。價格並沒有跟隨該領域所有代幣的整體趨勢創出年度新高，而是繼續停滯不前。到目前為止，狗狗幣已被證明推出失敗，但這種情況可能很快就會改變。

Dogecoin Price Still Stalling

狗狗幣價格仍停滯不前

So far in 2023, the price of cryptocurrencies such as Bitcoin and Ethereum have rallied to new yearly highs, but Dogecoin has struggled to perform to the same extent. Even though the price has risen nicely from its 2023 lows of $0.058, it has continued to see only small gains when other assets have been seeing double-digit gains.

2023 年到目前為止，比特幣和以太幣等加密貨幣的價格已升至年度新高，但狗狗幣卻難以達到相同的水平。儘管價格已從 2023 年低點 0.058 美元大幅上漲，但當其他資產出現兩位數漲幅時，它仍然僅出現小幅上漲。

At the beginning of December, multiple developments also contributed to a rally that pushed the DOGE price above $0.1, a new yearly high, but barely as high as its counterparts. These announcements included the physical Dogecoin being sent to the moon in December, as well as the DOGE-1 space mission that is expected to take place in January 2024.

12 月初，多項事態發展也推動了 DOGE 價格上漲至 0.1 美元上方，創出年度新高，但與同類產品相比僅略高。這些公告包括 12 月將實體狗狗幣發送到月球，以及預計 2024 年 1 月進行的 DOGE-1 太空任務。

However, as the excitement around these events has subsided, the DOGE price has gone back to its lackadaisical performance. Even after Shiba Inu, which is Dogecoin’s biggest rival, rallied 20% on Sunday, Dogecoin did not see more than a 4% increase before falling back down once more.

然而，隨著這些事件的興奮消退，DOGE 價格又回到了低迷的表現。即使狗狗幣最大的競爭對手柴犬週日上漲 20％，狗狗幣的漲幅也沒有超過 4％，然後再次下跌。

This slow performance from Dogecoin has been worrying, especially for investors who seem to have been waiting forever for the price to launch. However, according to Galaxy analyst Zack Pokorny, this could change soon following a rise in multiple metrics.

狗狗幣的緩慢表現一直令人擔憂，特別是對於那些似乎一直在等待價格發布的投資者來說。然而，銀河分析師 Zack Pokorny 表示，隨著多項指標的上升，這種情況可能很快就會改變。

DOGE Could See A Massive Reversal Soon

DOGE 可能很快就會出現巨大逆轉

In a new report posted on the Galaxy website, Pokorny highlights Dogecoin’s poor performance over the last two months. However, there have been some changes in the asset that have suggested that there could be a turn in the tide coming.

在 Galaxy 網站上發布的一份新報告中，Pokorny 強調​​了狗狗幣在過去兩個月的糟糕表現。然而，該資產發生了一些變化，表明趨勢可能會出現轉變。

One instance of this is the fact that the Dogecoin spot trading volume has risen drastically, rising to its third-highest level this year. The altcoin’s spot volume has also maintained these high values since it first hit in November, although it is yet to see new yearly highs.

一個例子是狗狗幣現貨交易量大幅上升，升至今年第三高水準。自 11 月首次觸及以來，山寨幣的現貨交易量也一直保持在這些高值，儘管尚未創下年度新高。

Next is the increase in transactions on the network, as well as a rapid increase in the block sizes produced recently. These can be attributed to the Doginals, or DRC-20 tokens, that have become the rave recently in crypto. “Unconventional data points like block size also exhibit new catalysts to DOGE that didn’t exist in past cycles,” Pokorny explains.

接下來是網路上交易的增加，以及最近產生的區塊大小的快速增加。這些可以歸因於 Doginals 或 DRC-20 代幣，它們最近在加密貨幣領域風靡一時。 「像區塊大小這樣的非常規數據點也展示了過去週期中不存在的 DOGE 新催化劑，」Pokorny 解釋道。

Additionally, there have been a lot of new users on the Dogecoin network, with accounts non-zero balances rising 5% in a 30-day period, as well as an increase in sending accounts. “This is a positive sign of renewed and rapidly growing interest in DOGE and what is possible on-chain,” the analyst stated.

此外，狗狗幣網路上出現了大量新用戶，帳戶非零餘額在 30 天內增加了 5%，發送帳戶也有所增加。這位分析師表示：“這是一個積極的跡象，表明人們對 DOGE 以及鏈上的可能性重新產生並迅速增長的興趣。”

Pokorny explains that since the DOGE supply is growing older with the influx of new users, it suggests that demand for the meme coin is rising. Given these high increases, the analyst expects that the upcoming DOGE space mission could spur more enthusiasm.

Pokorny 解釋說，由於隨著新用戶的湧入，DOGE 的供應量越來越老，這表明對模因幣的需求正在上升。鑑於這些高成長，分析師預計即將到來的 DOGE 太空任務可能會激發更多熱情。