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At the peak of meme coins, Dogecoin (DOGE) appears to have undergone a sharp correction following transactions in the last 24 hours. Despite having achieved strong gains in the past period, DOGE is still considered a significant risk by certain circles. Perhaps Dogecoin, which might need an Elon Musk effect, has seen some changes in its price recently; let’s take a look together.
在 meme 幣的巔峰時期,狗狗幣 (DOGE) 似乎在過去 24 小時的交易後經歷了急劇的調整。儘管 DOGE 在過去一段時間取得了強勁的收益,但某些圈子仍將其視為重大風險。也許狗狗幣可能需要伊隆馬斯克效應,最近其價格發生了一些變化;我們一起來看看吧。
The Rise and Fall of DOGE
DOGE的興衰
According to data provided by CoinMarketCap, DOGE’s price initiated a rise on February 17 and climbed to $0.090 after an 8% increase by 12:45 UTC on February 20.
根據 CoinMarketCap 提供的數據,DOGE 的價格於 2 月 17 日開始上漲,並在 2 月 20 日 12:45 UTC 上漲 8% 後攀升至 0.090 美元。
This was enough to brighten the eyes of the diamond hands. When they decided to take profits, the curve began to bend. At the time of writing this article, DOGE was finding buyers at the $0.0335 level, erasing a large part of the profits brought by the recent surge.
這足以讓鑽石手的眼睛一亮。當他們決定獲利了結時,曲線開始彎曲。在撰寫本文時,DOGE 正在 0.0335 美元的水平上尋找買家,抹去了近期飆升帶來的大部分利潤。
DOGE Coin Commentary
DOGE幣評論
Despite the volatile price movements, it turns out that DOGE has actually performed well since the beginning of February compared to the previous period. DOGE failed to participate in the price rally at the end of 2023, causing anxiety among investors. In the last 21 days, it has been revealed that DOGE’s price has gained 8%.
儘管價格走勢波動較大,但事實證明,與上一期相比,DOGE 自 2 月初以來實際上表現良好。 DOGE未能參與2023年底的價格上漲,引起投資人的焦慮。據透露,在過去 21 天裡,DOGE 的價格上漲了 8%。
On-chain data and DOGE activities also showed noticeable improvement throughout the month. According to data from on-chain data provider IntoTheBlock, over one million transactions were performed daily on Dogecoin in the last three weeks.
整個月鏈上數據和 DOGE 活動也顯示出明顯改善。根據鏈上數據提供商 IntoTheBlock 的數據,過去三週狗狗幣每天執行超過 100 萬筆交易。
Data provided by Santiment revealed that during the period of DOGE’s price increase, there was also a rise in the number of daily active addresses. However, the subsequent pullback in price also led to a decrease in active address numbers.
Santiment提供的數據顯示,在DOGE漲價期間,每日活躍地址數也有所上升。然而,隨後價格的回落也導致活躍地址數量減少。
Musk and the DOGE Effect
馬斯克和 DOGE 效應
Compared to previous years, one of the biggest problems for DOGE recently has been the overreliance on Elon Musk, who is considered its biggest supporter. Dogecoin has been significantly supported by Elon Musk in the past years.
與往年相比,DOGE最近最大的問題之一是過度依賴被認為是其最大支持者的馬斯克(Elon Musk)。過去幾年,狗狗幣得到了伊隆馬斯克的大力支持。
In this context, decisions related to payment options by his companies could have significant impacts on DOGE. Another concern observed by those following DOGE in the crypto community is the coin’s limited real-world use. This low interaction with the real world could hinder DOGE’s ability to find catalysts for growth, which could create challenges for a token considered at the peak of memecoins in the future.
在這種情況下,其公司有關支付選項的決策可能會對 DOGE 產生重大影響。加密社群中 DOGE 追蹤者觀察到的另一個擔憂是該幣在現實世界中的使用有限。這種與現實世界的低互動可能會阻礙 DOGE 尋找成長催化劑的能力,這可能會為未來處於 memecoin 巔峰的代幣帶來挑戰。
The post first appeared on COINTURK NEWS: Dogecoin’s Price Fluctuations and Market Impact
該貼文首次出現在 COINTURK 新聞:狗狗幣的價格波動和市場影響