Dogecoin: Hold or Fold in the Current Market?

狗狗幣：在當前市場中持有還是棄牌？

Despite reigning as the "meme king" for over a decade, Dogecoin has faced an unexpected downturn this year. Solana meme coins have surged in popularity, outperforming Dogecoin and other dog-themed tokens. As Dogecoin struggles to regain its footing, the question arises: is it a wise investment to hold onto for the upcoming bull cycle?

儘管狗狗幣統治了十多年，但今年卻遭遇了意想不到的低迷。 Solana 迷因幣的受歡迎程度飆升，表現優於狗狗幣和其他以狗為主題的代幣。當狗狗幣努力重新站穩腳跟時，問題出現了：在即將到來的牛市週期中持有它是明智的投資嗎？

Dogecoin's Price Performance

狗狗幣的價格表現

At the time of writing, Dogecoin is trading at $0.09699, having experienced a 13.5% decline in the past 24 hours. Its downward trend began in late May, with a brief period of consolidation between June 20 and July 2. However, increased selling pressure amid the market crash has pushed the DOGE price down to its current level.

截至撰寫本文時，狗狗幣的交易價格為 0.09699 美元，在過去 24 小時內下跌了 13.5%。其下跌趨勢始於5月下旬，並在6月20日至7月2日期間短暫盤整 然而，市場崩盤期間拋售壓力增加，導致DOGE價格跌至目前水準。

Dogecoin is currently at its lowest point in four months, last seen in late February before the March rally. At that time, the price rose to a two-and-a-half-year high of $0.2201.

狗狗幣目前處於四個月以來的最低點，最後一次出現在三月反彈之前的二月底。當時，價格上漲至兩年半高點0.2201美元。

Dogecoin's Future Prospects

狗狗幣的未來前景

The current market conditions appear unfavorable for Dogecoin, with aggressive selling activity. Whales have also entered the fray, exacerbating the situation. Recently, a crypto whale sold 400 million DOGE (approximately $41.08 million) on the Binance Exchange.

目前的市場狀況似乎對狗狗幣不利，拋售活動十分活躍。鯨魚也加入了戰鬥，加劇了局勢。最近，一頭加密鯨魚在幣安交易所出售了 4 億枚 DOGE（約 4,108 萬美元）。