Dogecoin Surpasses Porsche in Market Cap, Fuelled by Musk Endorsements and ETP Launch

在馬斯克的支持和 ETP 推出的推動下，狗狗幣市值超越保時捷

Dogecoin (DOGE) has surged over 175% in the past month, reaching a market capitalization of over $57.8 billion, surpassing luxury automaker Porsche's $56.1 billion market cap.

狗狗幣（DOGE）在過去一個月飆升超過 175%，市值超過 578 億美元，超過豪華汽車製造商保時捷 561 億美元的市值。

Dogecoin's Momentum

狗狗幣的勢頭

Dogecoin's bullish momentum this year has been largely attributed to continued social media endorsements from billionaire Elon Musk. Musk's recent involvement in establishing the Department of Government Efficiency (DOGE) has further piqued interest, as the acronym "DOGE" aligns with the memecoin's ticker symbol.

狗狗幣今年的看漲勢頭很大程度上歸功於億萬富翁伊隆馬斯克在社群媒體上的持續支持。馬斯克最近參與建立政府效率部（DOGE）進一步激起了人們的興趣，因為首字母縮略詞「DOGE」與模因幣的股票符號一致。

Other Contributing Factors

其他影響因素

In addition to Musk's endorsements, Dogecoin has benefited from the announcement of the first DOGE-based exchange-traded product (ETP) by Valour, a subsidiary of DeFi Technologies. The launch of this ETP reflects the growing demand for Dogecoin, particularly following the recent U.S. presidential election results.

除了馬斯克的背書之外，狗狗幣還受益於 DeFi Technologies 子公司 Valour 宣布的首款基於 DOGE 的交易所交易產品（ETP）。該 ETP 的推出反映了對狗狗幣不斷增長的需求，特別是在最近的美國總統選舉結果之後。

Outperforming Porsche

超越保時捷

Dogecoin's market capitalization growth has significantly outpaced Porsche's over the past year. While Dogecoin's market cap rose by over 395%, Porsche's has fallen by over 34%. This decline in Porsche's market cap is primarily attributed to a broader market decline in the automotive sector.

過去一年，狗狗幣的市值成長明顯超過了保時捷。雖然狗狗幣的市值上漲了 395% 以上，但保時捷的市值卻下跌了 34% 以上。保時捷市值的下降主要歸因於汽車產業整體市場的下滑。

Analysts' Predictions

分析師的預測

Some crypto traders anticipate a potential 1,000% rally in DOGE based on emerging technical chart patterns. According to Trader Tardigrade, Dogecoin is following a historical price trajectory within a Gaussian channel, which indicates potential for significant upward movement.

根據新興的技術圖表模式，一些加密貨幣交易員預計 DOGE 可能會上漲 1,000%。根據 Trader Tardigrade 的說法，狗狗幣遵循高斯通道內的歷史價格軌跡，這表明有大幅上漲的潛力。