Dogecoin, the popular meme-inspired cryptocurrency, saw its price decline 1.59% over the past 24 hours to $0.06052. This price drop comes amid a period of sideways trading for Dogecoin, which has struggled to gain momentum over the past month.

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 小時內下跌 1.59%，至 0.06052 美元。這次價格下跌是在狗狗幣橫盤交易期間發生的，狗狗幣在過去一個月難以獲得動力。

With a market capitalization of $8.55 billion, Dogecoin remains one of the top 10 largest cryptocurrencies by market cap. However, its trading volume over the past 24 hours was just $103.98 million, which is relatively low compared to other major cryptos.

狗狗幣的市值為 85.5 億美元，仍然是市值排名前 10 名的加密貨幣之一。然而，其過去24小時的交易量僅為1.0398億美元，與其他主要加密貨幣相比相對較低。

Analyzing the percentage changes across different timeframes provides further insights into Dogecoin's recent price action:

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最近的價格走勢：

• Over the past hour, Dogecoin's price dropped 0.26%. This indicates some minor near-term selling pressure.

過去一小時，狗狗幣價格下跌 0.26%。這顯示近期存在一些輕微的拋售壓力。

• Over the past 7 days, Dogecoin is down 3.02%. This shows the coin has been steadily declining over the past week.

過去 7 天，狗狗幣下跌 3.02%。這表明代幣在過去一周一直在穩步下跌。

• The monthly performance shows a 2.98% loss, evidencing the sideways trading pattern seen over the past few weeks.

月度表現顯示 2.98% 的損失，證明了過去幾週的橫盤交易模式。

• Over the past 6 months, Dogecoin has plunged 18.33%. This highlights the broader downtrend Dogecoin has been stuck in so far in 2022 amid the ongoing crypto bear market.

過去 6 個月，狗狗幣暴跌 18.33%。這凸顯了在持續的加密貨幣熊市中，狗狗幣在 2022 年迄今一直處於更廣泛的下降趨勢。

So what's behind this sideways price action and inability for Dogecoin to gain upside momentum? There are a few key factors at play:

那麼，價格橫盤走勢和狗狗幣無法獲得上漲動力的背後是什麼？有幾個關鍵因素在起作用：

What's Causing the Lackluster Price Action?

是什麼導致價格走勢低迷？

The broader crypto market downturn in 2022 has weighed on sentiment and prices across many altcoins, including Dogecoin. With Bitcoin down 60% year-to-date, most cryptocurrencies have struggled to make headway as macroeconomic conditions have deteriorated.

2022 年加密貨幣市場更廣泛的低迷影響了包括狗狗幣在內的許多山寨幣的情緒和價格。比特幣今年迄今下跌 60%，隨著宏觀經濟狀況惡化，大多數加密貨幣都難以取得進展。

High inflation and rising interest rates have pushed investors towards safer assets, draining speculative investments like cryptocurrencies of liquidity in 2022. Without a supportive macro backdrop, it's been difficult for Dogecoin to sustain any rally attempts.

高通膨和不斷上升的利率促使投資者轉向更安全的資產，從而在 2022 年耗盡了加密貨幣等投機性投資的流動性。如果沒有宏觀背景的支持，狗狗幣很難維持任何反彈嘗試。

In addition, Dogecoin lacks the real-world utility and adoption seen in other top cryptocurrencies like Ethereum. As a meme coin created as a joke, Dogecoin doesn't have substantial fundamental value drivers. This makes it especially vulnerable during periods of risk-off sentiment.

此外，狗狗幣缺乏以太坊等其他頂級加密貨幣所具有的現實實用性和採用率。作為一種作為笑話而創建的模因硬幣，狗狗幣沒有實質的基本價值驅動因素。這使得它在避險情緒時期尤其脆弱。

What's the Outlook for Dogecoin for the Rest of 2022 and 2023?

狗狗幣 2022 年剩餘時間和 2023 年的前景如何？

Given the headwinds facing both Dogecoin and the broader crypto market, it's unlikely Dogecoin will be able to breakthrough its sideways trading pattern over the remainder of 2022. Without a significant improvement in macroeconomic conditions or sentiment, further downside is more likely.

考慮到狗狗幣和更廣泛的加密市場面臨的逆風，狗狗幣不太可能在2022 年剩餘時間內突破其橫盤交易模式。如果宏觀經濟狀況或情緒沒有顯著改善，則更有可能進一步下跌。

However, there are some potential catalysts on the horizon that could benefit Dogecoin in 2023:

然而，一些潛在的催化劑可能會讓狗狗幣在 2023 年受益：

• The Dogecoin Foundation has been ramping up development efforts to improve the blockchain's capabilities. Upgrades like reduced transaction fees could improve utility.

狗狗幣基金會一直在加強開發力度，以提高區塊鏈的功能。降低交易費用等升級可以提高效用。

• Elon Musk’s Twitter acquisition could be a positive, as he has previously voiced support for Dogecoin and proposed accepting it for payments.

馬斯克 (Elon Musk) 收購 Twitter 可能是一個積極因素，因為他此前曾表示支持狗狗幣，並提議接受狗狗幣作為付款方式。

• Broader retail interest in Dogecoin remains strong, so any upturn in sentiment could spark rallies. The crypto bear market can't last forever.

更廣泛的散戶對狗狗幣的興趣仍然強勁，因此任何情緒的改善都可能引發反彈。加密熊市不可能永遠持續下去。

Overall, Dogecoin is likely to remain correlated with the overall crypto market direction for now. But 2023 could see Dogecoin finally break out of its rut if conditions improve and bullish sentiment returns. Periods of consolidation ultimately set the stage for the next major advance, so more patient investors may be rewarded long-term.

整體而言，狗狗幣目前仍可能與整體加密貨幣市場方向保持相關性。但如果情況改善且看漲情緒回歸，到 2023 年狗狗幣可能最終會打破常規。整合期最終為下一次重大進步奠定了基礎，因此更多耐心的投資者可能會獲得長期回報。

Will Meme Coins Like Dogecoin Stand the Test of Time?

像狗狗幣這樣的迷因幣能經得起時間的考驗嗎？

Meme coins like Dogecoin face substantial skepticism about their long-term viability and role in the crypto space. Created as jokes or to capitalize on hype, meme coins lack the real-world utility that gives cryptocurrencies like Ethereum inherent value.

像狗狗幣這樣的迷因幣，其長期可行性和在加密貨幣領域的作用面臨嚴重懷疑。迷因幣是作為笑話或利用炒作而創建的，缺乏賦予以太坊等加密貨幣內在價值的現實實用性。

However, Dogecoin has shown impressive resilience and has maintained a top 10 market cap position. This suggests that meme coins can carve out a niche over the long-term, despite their inherent limitations. A few factors contributing to Dogecoin's staying power include:

然而，狗狗幣表現出了令人印象深刻的彈性，並一直保持著市值前十名的位置。這表明，儘管模因幣有其固有的局限性，但從長遠來看，它可以開拓出利基市場。有助於狗狗幣持久力的一些因素包括：

• Strong brand awareness and marketing: Dogecoin's meme origins tapped into online culture and spread rapidly. This grassroots adoption makes it recognizable even outside of crypto-native circles.

強大的品牌知名度和行銷能力：狗狗幣的迷因起源融入了網路文化並迅速傳播。這種草根採用使其即使在加密貨幣原生圈子之外也能被認可。

• Backing of prominent figures like Elon Musk: High-profile evangelists lend legitimacy and give coins like Dogecoin momentum during hype cycles.

支持馬斯克等知名人物：高調的佈道者提供了合法性，並在炒作週期中為狗狗幣等代幣提供了動力。

• Speculative appeal: Meme coins are attractive "lottery tickets" during bull markets due to potential for explosive gains. This speculative allure keeps them relevant.

投機吸引力：由於爆炸性收益的潛力，Meme 幣在牛市期間是有吸引力的「彩票」。這種投機的吸引力使它們保持相關性。

While Dogecoin lacks robust fundamentals, it shouldn't be underestimated given its brand recognition and appeal amongst the retail masses. But long-term viability likely hinges on development efforts translating into greater utility and real-world use cases. Without that, meme status can only take Dogecoin so far.

雖然狗狗幣缺乏穩健的基本面，但鑑於其在零售大眾中的品牌認知度和吸引力，不應低估它。但長期可行性可能取決於開發努力轉化為更大的效用和現實世界的用例。如果沒有這一點，狗狗幣的迷因地位就只能到此為止。

Can Altcoins Like Dogecoin Decouple From Bitcoin?

像狗狗幣這樣的山寨幣可以跟比特幣脫鉤嗎？

Bitcoin remains the dominant force in crypto, and its price gyrations often dictate market-wide sentiment. But there is debate around whether altcoins like Dogecoin can decouple from Bitcoin's movements, especially during bear markets.

比特幣仍然是加密貨幣領域的主導力量，其價格波動往往決定整個市場的情緒。但圍繞狗狗幣等山寨幣是否可以與比特幣的走勢脫鉤，尤其是在熊市期間，存在爭議。

On one hand, some level of correlation is inevitable given Bitcoin's status and most altcoin trading pairs still being BTC-based. Major Bitcoin price swings inevitably impact the overall market climate. This centrality makes true decoupling unlikely in the near future.

一方面，考慮到比特幣的地位以及大多數山寨幣交易對仍然以比特幣為基礎，一定程度的相關性是不可避免的。比特幣價格的重大波動不可避免地會影響整體市場氣氛。這種中心地位使得在不久的將來不太可能實現真正的脫鉤。

However, some factors may allow altcoins to diverge more from Bitcoin:

然而，有些因素可能會讓山寨幣與比特幣有更大的差異：

• Continued growth of stablecoin and altcoin-based trading pairs like DOGE/USDT on exchanges. This reduces Bitcoin's dominance over liquidity flows.

交易所上 DOGE/USDT 等基於穩定幣和山寨幣的交易對持續成長。這降低了比特幣對流動性的主導地位。

• Fundamental developments like upgrades, product launches and adoption for altcoins. Strong project-specific catalysts can outweigh macro trends.

升級、產品發布和山寨幣採用等基本發展。特定項目的強大催化劑可以勝過宏觀趨勢。

• Increased institutional flow into the altcoin space, rather than just Bitcoin futures ETFs. Broadened focus can lead to differentiation.

增加機構資金流入山寨幣領域，而不僅僅是比特幣期貨 ETF。擴大焦點可以帶來差異化。

While Bitcoin and macro factors still drive most price action, idiosyncratic fundamentals and developments could allow leading altcoins like Dogecoin to move more independently long-term. But it’s a gradual process requiring maturation of the overall crypto ecosystem.

雖然比特幣和宏觀因素仍然推動著大多數價格走勢，但特殊的基本面和發展可能會讓狗狗幣等領先的山寨幣能夠更獨立地長期走勢。但這是一個漸進的過程，需要整個加密生態系統的成熟。