Dogecoin, the biggest meme crypto, is struggling to keep up with market expectations with a recent drop. DOGE price declined after recording a breakthrough during the weekend. On–chain data depicts that a huge amount of long bets set on Dogecoin price action got liquidated in the last 24 hours. This comes amid increased anticipation of adoption hopes linked to the creation of an X payments profile on the social media platform X (formerly Twitter).

狗狗幣是最大的迷因加密貨幣，最近的下跌正在努力跟上市場預期。 DOGE 價格在周末突破後下跌。鏈上數據顯示，過去 24 小時內，針對狗狗幣價格走勢的大量多頭押注被清算。在此背景下，人們對在社群媒體平台 X（以前稱為 Twitter）上建立 X 支付資料的期望越來越高。

狗狗幣未能獲得動力

According to the data provided by Coinglass, long and short bets set on the Dogecoin price action saw a liquidation of more than $2.77 million. 80% (approx worth $2.22 million) of the total liquidations turned out to be long bets set by the trader. However, DOGE price had dropped by over 3% in the last 24 hours. This suggests that traders were hoping for a higher price surge and a continued upward rally. 

根據 Coinglass 提供的數據，針對狗狗幣價格走勢的多頭和空頭押注被清算超過 277 萬美元。總清算量中的 80%（約價值 222 萬美元）最終被證明是交易者的多頭押注。然而，DOGE 價格在過去 24 小時內下跌了 3% 以上。這表明交易員希望價格上漲並持續上漲。

It is important to note that with the recent surge, DOGE finally printed a green index on a 7-day basis. Dogecoin price jumped by around 3% during this period. It is trading at an average price of $0.082, at the press time.

值得注意的是，隨著近期的飆升，DOGE最終印出了7日綠色指數。在此期間，狗狗幣價格上漲了約 3%。截至發稿時，其交易均價為 0.082 美元。

However, dog-themed meme tokens with Dogecoin,  Floki (FLOKI) also recorded a surge of up to 12% before retracing.

然而，以狗為主題的迷因代幣狗狗幣 Floki (FLOKI) 在回撤之前也錄得高達 12% 的飆升。

Over the weekend, trading volumes for both DOGE and FLOKI skyrocketed by 200%, according to data from CoinGecko. This surge occurred even as the broader cryptocurrency market exhibited relatively lower volumes and limited volatility. 

根據 CoinGecko 的數據，週末 DOGE 和 FLOKI 的交易量激增 200%。儘管更廣泛的加密貨幣市場交易量相對較低且波動性有限，但這種飆升還是發生了。

Concurrently, futures tracking these tokens witnessed a substantial increase in open interest. It rose from $200 million to a cumulative $430 million, signaling heightened market interest and increasing bets.

同時，追蹤這些代幣的期貨未平倉合約大幅增加。總金額從 2 億美元增至 4.3 億美元，顯示市場興趣高漲，押注不斷增加。

Meme 加密貨幣的好消息？

DOGE is known to exhibit upward momentum in response to payments-related developments within companies owned by Elon Musk, such as X or Tesla. On the other hand, Floki, named after Musk’s dog, typically moves as a beta bet among midcap traders.

眾所周知，隨著馬斯克旗下公司（例如 X 或特斯拉）內部與支付相關的發展，DOGE 表現出上升勢頭。另一方面，以馬斯克的狗命名的 Floki 通常作為中型股交易者的貝塔賭注。

The newly established @xpayments account on X has quickly garnered over 100,000 followers since its setup late on a Friday, adding to the excitement and speculation within the crypto community.

X 上新建立的 @x payments 帳戶自周五晚些時候設立以來，迅速獲得了超過 10 萬粉絲，增加了加密社區內的興奮和猜測。

Earlier this month, X announced its intention to launch peer-to-peer payments capability on the application in the coming year. Elon Musk has previously hinted at the potential inclusion of cryptocurrencies in the platform’s features.

本月早些時候，X 宣布打算明年在該應用程式上推出點對點支付功能。伊隆馬斯克先前曾暗示可能將加密貨幣納入該平台的功能中。

While there has been no official confirmation regarding DOGE being featured as a payment option on X, traders speculate based on Elon Musk’s occasional mentions of DOGE. Musk teased DOGE payments on Twitter in April 2023, proposing Dogecoin as one of the payment options for Twitter Blue, the platform’s subscription service with premium features.

雖然尚未正式確認 DOGE 被作為 X 上的支付選項，但交易員根據 Elon Musk 偶爾提及 DOGE 的情況進行推測。 2023 年 4 月，馬斯克在 Twitter 上調侃 DOGE 支付，提議將狗狗幣作為 Twitter Blue（該平台具有高級功能的訂閱服務）的支付選項之一。

It’s worth noting that Musk’s electric car company, Tesla, already accepts DOGE payments for merchandise purchases through the Tesla Store.

值得注意的是，馬斯克的電動車公司特斯拉已經接受 DOGE 付款，透過特斯拉商店購買商品。

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