Dogecoin, the popular meme-inspired cryptocurrency, saw its price increase by 0.39% over the last 24 hours to $0.06078 according to the latest market data. With a market capitalization of $8.59 billion, Dogecoin remains one of the top 10 largest cryptocurrencies by market cap. In this report, we dive into the key metrics behind Dogecoin's recent price move and uncover insights that can inform investment decisions going forward.

根據最新市場數據，狗狗幣是一種受流行迷因啟發的加密貨幣，其價格在過去 24 小時內上漲 0.39%，至 0.06078 美元。狗狗幣的市值為 85.9 億美元，仍然是市值排名前 10 名的加密貨幣之一。在本報告中，我們深入探討了狗狗幣近期價格走勢背後的關鍵指標，並揭示了可以為未來投資決策提供資訊的見解。

The 24-hour trading volume for Dogecoin stands at $60.52 million, suggesting decent liquidity and investor interest behind the recent price uptick. However, zooming out shows that trading volume has declined in recent months, down from highs of over $1 billion per day in early 2023. This indicates fading momentum and more sideways price action may occur short-term unless volume picks back up.

狗狗幣的 24 小時交易量為 6,052 萬美元，顯示近期價格上漲背後有良好的流動性和投資者興趣。然而，縮小範圍顯示，近幾個月交易量有所下降，低於2023 年初每日超過10 億美元的高點。這表明，除非交易量回升，否則短期內可能會出現動能減弱和更多橫盤價格走勢。

Over the past hour, Dogecoin has gained 0.27%, showing its price is stabilizing and attempting to find a bottom following the steep declines seen over the past month and year. While -3.20% and -18.35% losses over the past month and 6 months signal Dogecoin remains in a long-term downtrend, the moderation in short-term losses could mark the start of a consolidation phase before the next major price move.

在過去的一個小時裡，狗狗幣上漲了 0.27%，表明其價格正在穩穩，並試圖在過去一個月和一年的急劇下跌之後找到底部。雖然過去一個月和 6 個月的 -3.20% 和 -18.35% 損失表明狗狗幣仍處於長期下降趨勢，但短期損失的緩和可能標誌著下一次重大價格變動之前盤整階段的開始。

Analyzing the percent changes over different time frames provides further insights into Dogecoin's price trend. The -2.83% 7-day losses show sellers remain in control of the market. However, Dogecoin has significantly outperformed Bitcoin over the past week, which has fallen almost 10% over the same period. This indicates Dogecoin is holding up relatively well during the latest cryptocurrency sell-off.

分析不同時間範圍內的百分比變化可以進一步了解狗狗幣的價格趨勢。 -2.83% 的 7 天跌幅表明賣家仍然控制著市場。然而，狗狗幣在過去一週的表現明顯優於比特幣，比特幣在同一時期下跌了近 10%。這表明狗狗幣在最近的加密貨幣拋售期間表現相對較好。

What's Driving Dogecoin's Price Action?

是什麼推動了狗狗幣的價格走勢？

Dogecoin's price continues being driven by a mix of technical trading factors and sentiment/hype around the meme-coin. Large holders and whales likely exert outsized influence over Dogecoin's price due to its relatively low market cap and liquidity compared to Bitcoin and Ethereum. This makes Doge susceptible to pump and dumps by large traders.

狗狗幣的價格繼續受到技術交易因素和圍繞迷因幣的情緒/炒作的綜合推動。由於與比特幣和以太坊相比，狗狗幣的市值和流動性相對較低，因此大持有者和鯨魚可能會對狗狗幣的價格產生巨大影響。這使得Doge很容易受到大型交易商拉高和拋售的影響。

At the same time, Dogecoin benefits from ongoing attention and hype stemming from influencers like Elon Musk and Mark Cuban. This provides a speculative bid under the cryptocurrency and leads to higher volatility and buzz-driven price spikes. However, for Dogecoin's price to see sustained upside, growing utility and fundamentals need to develop beyond just hype and speculation.

同時，狗狗幣受益於馬斯克和馬克庫班等影響者的持續關注和炒作。這提供了加密貨幣的投機性出價，並導致更高的波動性和嗡嗡聲驅動的價格飆升。然而，狗狗幣的價格要持續上漲，實用性和基本面的成長需要超越炒作和投機。

Project developers are working on initiatives like smart contract functionality, lower fees, and faster transaction times to make DOGE more usable as a payments currency. If these efforts succeed in expanding real-world usage, Dogecoin's price could break out of its long-term downtrend. But until utility improves, technical trading and sentiment shifts will drive most of its price swings.

專案開發人員正在致力於智慧合約功能、更低的費用和更快的交易時間等舉措，以使 DOGE 作為支付貨幣更可用。如果這些努力成功擴大了現實世界的使用，狗狗幣的價格可能會突破長期下跌趨勢。但在效用改善之前，技術交易和情緒變化將推動其大部分價格波動。

What's the Future Price Outlook for Dogecoin?

狗狗幣的未來價格前景如何？

Given Dogecoin's continued struggles with lack of development and utility, it's unlikely to see a sustained price recovery in 2023 unless hype and speculation reach mania levels. However, if developers deliver on the roadmap and expand functionality, Dogecoin could bottom out and stabilize over the next 6-12 months between $0.05 to $0.10.

鑑於狗狗幣持續面臨缺乏開發和實用性的困境，除非炒作和投機達到狂熱水平，否則 2023 年價格不太可能持續回升。然而，如果開發人員實現路線圖並擴展功能，狗狗幣可能會觸底並在未來 6-12 個月內穩定在 0.05 美元至 0.10 美元之間。

Long-term, Dogecoin may remain mostly as a speculative asset and meme-coin unless it differentiates itself from the pack with unique utility. Meme hype cycles will likely cause temporary price spikes, but DOGE needs more real-world usage to unlock long-term growth. Conservative estimates have Dogecoin topping out around $0.25 by end of 2024, while more optimistic projections put it reaching $1+ if hype reaches similar levels as 2021.

從長遠來看，狗狗幣可能仍主要作為一種投機資產和迷因幣，除非它能將自己與具有獨特效用的同類產品區分開來。 Meme 炒作週期可能會導致暫時的價格飆升，但 DOGE 需要更多的現實世界使用來釋放長期成長。保守估計，到 2024 年底，狗狗幣的價格將達到 0.25 美元左右，而更樂觀的預測是，如果炒作達到與 2021 年類似的水平，狗狗幣將達到 1 美元以上。

How Can You Start Investing in Dogecoin?

如何開始投資狗狗幣？

For traders and investors looking to gain exposure to Dogecoin's price movements, opening an account on a leading crypto exchange like Binance, Coinbase or Kraken is the easiest way to buy and sell DOGE. These platforms allow you to trade DOGE against major fiat currencies like the US dollar or stablecoins like USDT.

對於希望了解狗狗幣價格走勢的交易者和投資者來說，在 Binance、Coinbase 或 Kraken 等領先的加密貨幣交易所開設帳戶是買賣 DOGE 的最簡單方法。這些平台可讓您將 DOGE 與美元等主要法定貨幣或 USDT 等穩定幣進行交易。

Once you fund your account, you can simply place buy and sell orders for DOGE using spot or margin trading. More advanced traders may want to use futures contracts or options to speculate on Dogecoin's price. Always use proper risk management as DOGE remains highly volatile.

一旦您為帳戶注入資金，您就可以使用現貨或保證金交易簡單地下達 DOGE 的買入和賣出訂單。更高級的交易者可能希望使用期貨合約或選擇權來推測狗狗幣的價格。由於 DOGE 仍然高度波動，因此始終使用適當的風險管理。

Dollar cost averaging a small position over time can smooth out Dogecoin's wild price swings. But only invest money you can afford to lose and beware of FOMO buying at hype-driven peaks. Dogecoin should remain a very small part of a diversified crypto portfolio.

隨著時間的推移，平均小頭寸的美元成本可以消除狗狗幣的劇烈價格波動。但只投資你能承受損失的資金，並謹防在炒作高峰時的「錯失恐懼症」購買。狗狗幣應該仍然是多元化加密貨幣投資組合中很小的一部分。

Conclusion

結論

Dogecoin's price continues being driven by hype cycles, whale manipulation, and technical trading in the absence of strong fundamentals. While Dogecoin is unlikely to see sustained gains in 2023, development efforts to boost utility could stabilize and bottom out prices between $0.05 to $0.10 over the next year. Longer-term price potential remains around $0.25 to $1 depending on if hype reaches similar levels as the 2021 mania peak. Traders and investors can gain Dogecoin exposure by using regulated exchanges, but proper risk management is essential.

在缺乏強勁基本面的情況下，狗狗幣的價格繼續受到炒作週期、鯨魚操縱和技術交易的推動。雖然狗狗幣不太可能在 2023 年持續上漲，但提高實用性的開發努力可能會在明年穩定價格並將其觸底至 0.05 美元至 0.10 美元之間。長期價格潛力仍約為 0.25 美元至 1 美元，具體取決於炒作是否達到與 2021 年狂熱高峰類似的水平。交易者和投資者可以透過受監管的交易所獲得狗狗幣曝險，但適當的風險管理至關重要。