Dogecoin, the internet’s canine champion of the cryptocurrency world, has been making headlines for more reasons than one.

狗狗幣是加密貨幣世界的網路犬類冠軍，它一直成為頭條新聞的原因不只一個。

This week, Dogecoin millionaires found themselves basking in the glow of a million-dollar Doge dash.

本週，狗狗幣百萬富翁們發現自己沐浴在價值百萬美元的狗狗衝刺的光輝之中。

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Dogecoin: Big Rally In The Offing?

狗狗幣：大漲即將來臨？

Data from IntotheBlock paints a picture of explosive growth, with the number of addresses holding over $1 million in DOGE surging by a staggering 76% in just a single month.

IntotheBlock 的數據描繪了爆炸性增長的景象，持有超過 100 萬美元 DOGE 的地址數量在短短一個月內猛增了 76%，令人震驚。

This meteoric rise suggests a growing investor fascination with the meme coin, potentially fueled by the ever-present social media frenzy and celebrity endorsements that have become synonymous with the meme-based cryptocurrency.

這種迅速崛起表明投資者對模因幣的迷戀與日俱增，這可能是由於持續存在的社交媒體狂熱和名人代言所推動的，這些狂熱已經成為基於模因的加密貨幣的代名詞。

The number of Dogecoin millionaires is skyrocketing!

狗狗幣百萬富翁的數量正在飆升！

The number of addresses holding more than $1m worth of $DOGE has increased by 76% in the last 30 days. There are now over 1000 Dogecoin millionaires. pic.twitter.com/3qzb0OGeUM

在過去 30 天內，持有價值超過 100 萬美元的 $DOGE 的地址數量增加了 76%。現在有超過 1000 名狗狗幣百萬富翁。 pic.twitter.com/3qzb0OGeUM

— IntoTheBlock (@intotheblock) March 6, 2024

- IntoTheBlock (@intotheblock) 2024 年 3 月 6 日

However, for these newfound Dogecoin millionaires (and anyone else watching their portfolios with bated breath), the past few days haven’t exactly been a walk in the park.

然而，對於這些新發現的狗狗幣百萬富翁（以及其他屏息凝視他們的投資組合的人）來說，過去的幾天並不完全是在公園裡散步。

After a triumphant 100% price surge in February, revisiting its November 2021 highs, Dogecoin has encountered a bout of downturn.

在 2 月價格實現 100% 的勝利飆升並重回 2021 年 11 月的高點之後，狗狗幣遭遇了一輪低迷。

Over the last two days, the price has taken a nosedive of 9%, a stark reminder of the cryptocurrency’s trademark volatility.

在過去的兩天裡，價格暴跌了 9%，這清楚地提醒人們這種加密貨幣的波動性。

DOGE market cap currently at $23 billion. Chart: TradingView.com

DOGE 市值目前為 230 億美元。圖表：TradingView.com

Despite this recent correction, Dogecoin remains a force to be reckoned with, holding the coveted ninth position among the most valuable cryptocurrencies with a market cap of a cool $22 billion.

儘管最近出現了調整，狗狗幣仍然是一股不可忽視的力量，在最有價值的加密貨幣中佔據令人垂涎的第九位，市值高達 220 億美元。

While the recent price dip might send shivers down the spines of some investors, crypto analysts are locked in a heated debate about Dogecoin’s future trajectory.

儘管最近的價格下跌可能會讓一些投資者感到不寒而栗，但加密貨幣分析師仍對狗狗幣的未來軌跡展開激烈爭論。

Enter Rekt Capital’s Reversal Revelation. This analyst sees a potential glimmer of hope in the recent price action. They believe Dogecoin’s behavior points towards a possible trend reversal in the coming days, supported by the “overbought” reading on the Relative Strength Index (RSI), an indicator that measures the rate of price change.

輸入 Rekt Capital 的逆轉啟示。這位分析師在最近的價格走勢中看到了潛在的一線希望。他們認為，在相對強度指數（RSI）（衡量價格變化率的指標）的「超買」讀數的支持下，狗狗幣的行為表明未來幾天可能會出現趨勢逆轉。

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Mixed Signals Ahead

未來的混合訊號

In simpler terms, Rekt Capital suggests that the recent price surge might be nearing its peak, potentially paving the way for a reversal.

簡而言之，Rekt Capital 表示，最近的價格飆升可能已接近頂峰，可能為逆轉鋪平道路。

However, another twist in the tale comes from Coinglass data, which reveals a record-breaking $1 billion in open interest on Dogecoin futures contracts.

然而，故事的另一個轉折來自 Coinglass 數據，該數據顯示狗狗幣期貨合約的未平倉合約破紀錄地達到了 10 億美元。

This translates to a significant increase in unsettled bets, indicating that new money is still pouring into the market.

這意味著未結算投注大幅增加，顯示新資金仍在湧入市場。

Source: Coinalyze

來源：Coinalyze

Interestingly, 70% of these traders are “long DOGE,” meaning they anticipate the price to rise further. This bullish sentiment adds another layer of complexity to the future of Dogecoin.

有趣的是，這些交易者中有 70% 是“做多 DOGE”，這意味著他們預計價格會進一步上漲。這種看漲情緒為狗狗幣的未來增添了另一層複雜性。

So, what does it all mean? The truth is, the meme coin’s future remains shrouded in a bit of mystery.

那麼，這一切意味著什麼？事實是，模因幣的未來仍然籠罩在一些神秘之中。

While the surge in millionaires and continued investor interest paint a potentially bullish picture, the recent price drop and overbought RSI reading suggest a possible correction on the horizon.

雖然百萬富翁的激增和投資者持續的興趣描繪出潛在的看漲前景，但最近的價格下跌和超買的 RSI 讀數表明可能出現調整。

Investors are well-advised to approach Dogecoin with cautious optimism, carefully monitoring market conditions and conducting their own research before making any investment decisions.

建議投資者以謹慎樂觀的態度對待狗狗幣，在做出任何投資決定之前仔細監控市場狀況並進行自己的研究。

Featured image from Pexels, chart from TradingView

精選圖片來自 Pexels，圖表來自 TradingView