In the past month, Dogecoin (DOGE) has experienced a remarkable price surge, largely driven by the success of the recent SpaceX launch. The Dogecoin price has been climbing steadily, piquing the interest of investors and enthusiasts alike. This article delves into the reasons behind Dogecoin's upward trend and explores the possibility of its continued bullish momentum.

在過去的一個月裡，狗狗幣（DOGE）經歷了顯著的價格飆升，這主要是由於最近 SpaceX 的成功發射。狗狗幣的價格一直在穩步攀升，引起了投資者和愛好者的興趣。本文深入探討了狗狗幣上漲趨勢背後的原因，並探討了其持續看漲動能的可能性。

Dogecoin Price Current Market Performance

狗狗幣價格當前市場表現

DOGE/USD Daily chart- TradingView 

DOGE/USD 日線圖- TradingView 

As of today, Dogecoin (DOGE) is priced at $0.145204, with a 24-hour trading volume of $3.98 billion, a market capitalization of $21.24 billion, and a market dominance of 0.89%. In the past 24 hours, DOGE's price has risen by 1.48%.

截至今日，狗狗幣（DOGE）定價為0.145204美元，24小時交易量為39.8億美元，市值為212.4億美元，市場主導地位為0.89%。過去24小時，DOGE價格上漲1.48%。

Dogecoin reached its all-time high on May 8, 2021, when it traded at $0.738595. Its lowest recorded price was $0.00008547 on May 7, 2015. Since its peak, the lowest price Dogecoin has hit is $0.049701 (cycle low), while the highest point since then was $0.227362 (cycle high). Currently, market sentiment around Dogecoin is bullish, with the Fear & Greed Index standing at 72, indicating greed in the market.

狗狗幣於 2021 年 5 月 8 日創下歷史新高，當時交易價格為 0.738595 美元。其最低記錄價格為 2015 年 5 月 7 日的 0.00008547 美元。目前，狗狗幣的市場情緒看漲，恐懼與貪婪指數為 72，顯示市場存在貪婪情緒。

Dogecoin has a circulating supply of 146.25 billion DOGE, with a yearly supply inflation rate of 3.36%, meaning 4.75 billion new DOGE were created over the past year.

狗狗幣的流通供應量為 1,462.5 億 DOGE，年供應通膨率為 3.36%，這意味著過去一年新增了 47.5 億 DOGE。

Elon Musk's Influence Sparks Dogecoin's Latest Rally

伊隆馬斯克的影響力引發了狗狗幣的最新反彈

The recent surge in Dogecoin's (DOGE) price can be attributed to comments made by Elon Musk, often referred to as the "Dogefather." During a Pennsylvania town hall event on October 17, Musk hinted at the potential creation of a new government agency called the Department of Governmental Efficiency (D.O.G.E.), a term that closely aligns with Dogecoin's official ticker.

最近狗狗幣（DOGE）價格的飆升可歸因於埃隆·馬斯克（Elon Musk）的言論，他通常被稱為「狗狗之父」。在 10 月 17 日的賓州市政廳活動中，馬斯克暗示可能會成立一個名為政府效率部 (D.O.G.E.) 的新政府機構，該術語與狗狗幣的官方股票代碼密切相關。

This playful reference immediately resonated with Dogecoin enthusiasts and investors, leading to a price increase of over 10.5%, with DOGE reaching $0.1349 shortly after the event. Over the past week, the meme coin has surged by nearly 25%, outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

這個有趣的參考立即引起了狗狗幣愛好者和投資者的共鳴，導致價格上漲超過 10.5%，活動結束後不久 DOGE 達到 0.1349 美元。過去一周，meme 幣飆升了近 25%，表現優於比特幣 (BTC) 和以太幣 (ETH) 等主要加密貨幣。

Musk's influence on Dogecoin's price is not new. His tweets and public comments have consistently driven market sentiment, often sparking rallies in the meme coin. For example, Musk's tweet on October 15, stating "D.O.G.E. will fix it," added fuel to the growing enthusiasm around Dogecoin, resulting in further gains.

馬斯克對狗狗幣價格的影響並不新鮮。他的推文和公眾評論持續推動市場情緒，經常引發迷因幣的反彈。例如，馬斯克在 10 月 15 日發布的推文稱“狗狗幣將會解決這個問題”，這進一步加劇了人們對狗狗幣日益高漲的熱情，從而導致了進一步的上漲。

Retail investors often interpret Musk's remarks as informal endorsements, which leads to increased buying pressure on DOGE. In this instance, his playful association between the potential government agency and Dogecoin reignited interest in the meme coin, driving up its price and highlighting the ongoing relationship between Musk's influence and Dogecoin's market performance.

散戶常將馬斯克的言論解讀為非正式的背書，這導致DOGE的購買壓力加大。在這種情況下，他在潛在的政府機構和狗狗幣之間的有趣聯繫重新點燃了人們對模因幣的興趣，推高了其價格，並突顯了馬斯克的影響力和狗狗幣的市場表現之間的持續關係。

Looking ahead, Dogecoin's price trajectory may continue to benefit from Musk's comments and public appearances, especially if his references to DOGE remain frequent. However, it is important to recognize that while short-term price rallies often follow Musk's influence, the long-term sustainability of these gains depends on broader market conditions and developments within the Dogecoin ecosystem. Investors should be mindful of the volatility that Musk's statements can create, as well as the meme coin's speculative nature, which can lead to rapid price swings.

展望未來，狗狗幣的價格軌跡可能會繼續受益於馬斯克的評論和公開露面，特別是如果他仍然經常提及狗狗幣的話。然而，重要的是要認識到，雖然短期價格上漲往往會受到馬斯克的影響，但這些收益的長期可持續性取決於更廣泛的市場狀況和狗狗幣生態系統內的發展。投資者應注意馬斯克的言論可能造成的波動，以及迷因幣的投機性質，這可能導致價格快速波動。

Nonetheless, the current bullish trend shows that Musk's influence remains a key driver of Dogecoin's market movements, and his continued engagement with the meme coin could spur further price increases in the near future.

儘管如此，當前的看漲趨勢表明，馬斯克的影響力仍然是狗狗幣市場趨勢的關鍵驅動力，他對迷因幣的持續參與可能會在不久的將來刺激價格進一步上漲。

How high can the Dogecoin Price Go?

狗狗幣價格能漲多高？

Dogecoin's price has shown impressive performance over the past year, increasing by 138%, a clear indication of its resilience in a volatile market. This growth has allowed it to outperform 58% of the top 100 crypto assets, including Bitcoin and Ethereum, solidifying its position as one of the more notable assets in the cryptocurrency space.

狗狗幣的價格在過去一年中表現出色，上漲了 138%，這清楚地表明了其在動盪的市場中的韌性。這種增長使其跑贏了前 100 種加密資產中 58% 的資產，包括比特幣和以太坊，鞏固了其作為加密貨幣領域更引人注目的資產之一的地位。

Additionally, Dogecoin is trading above its 200-day simple moving average (SMA), which is traditionally seen as a bullish indicator, suggesting that there may be further upward momentum in the near term. With 18 green days out of the last 30, or 60%, Dogecoin has demonstrated consistent positive price movements, reinforcing the current bullish sentiment around the asset.

此外，狗狗幣的交易價格高於其 200 日簡單移動平均線（SMA），該平均線傳統上被視為看漲指標，表明近期可能會有進一步的上漲勢頭。在過去 30 個交易日中，有 18 個交易日呈現綠色，即 60%，狗狗幣表現出持續的正面價格走勢，強化了當前圍繞該資產的看漲情緒。

Dogecoin's strong liquidity, relative to its market cap, also supports its ability to sustain rallies. High liquidity ensures that there are enough buyers and sellers in the market, which can stabilize prices even during periods of high volatility.

狗狗幣相對於其市值而言強勁的流動性也支持其維持反彈的能力。高流動性確保市場上有足夠的買家和賣家，即使在高波動時期也能穩定價格。

Despite being down 80% from its all-time high of $0.738595, Dogecoin's price surge in the last year and its outperforming of major cryptocurrencies like Bitcoin and Ethereum show that it has the potential to recover more ground. However, its yearly inflation rate of 3.36%—equating to 4.75 billion new DOGE created annually—adds a layer of supply-side pressure, which could temper rapid price appreciation unless demand continues to rise proportionally.

儘管狗狗幣比歷史高點 0.738595 美元下跌了 80%，但狗狗幣去年的價格飆升，而且其表現優於比特幣和以太坊等主要加密貨幣，表明它有潛力收復更多失地。然而，其每年 3.36% 的通膨率（相當於每年創造 47.5 億新 DOGE）增加了一層供給側壓力，除非需求繼續按比例增長，否則可能會抑制價格快速升值。

Looking forward, the combination of Dogecoin's current bullish indicators, such as its position above the 200-day SMA and its high liquidity, suggests the potential for further price gains in the short to medium term.

展望未來，狗狗幣目前的看漲指標（例如高於 200 日移動平均線的位置及其高流動性）相結合，顯示中短期內價格有進一步上漲的潛力。

If market sentiment remains positive, particularly with continued external influences like Elon Musk's endorsements, Dogecoin could challenge resistance levels and approach significant psychological price points. However, breaking through its all-time high would require a substantial increase in demand, overcoming the inflationary pressure and ensuring that the broader crypto market conditions remain favorable.

如果市場情緒保持積極，特別是在馬斯克的認可等外部影響持續存在的情況下，狗狗幣可能會挑戰阻力位並接近重要的心理價位。然而，突破歷史新高需要大幅增加需求，克服通膨壓力並確保更廣泛的加密貨幣市場狀況保持有利。

While it's difficult to predict an exact ceiling for Dogecoin's price, the strong market performance and positive technical indicators suggest that a rise to $0.20–$0.30 in the near term is achievable if bullish trends persist.

雖然很難預測狗狗幣價格的確切上限，但強勁的市場表現和積極的技術指標表明，如果看漲趨勢持續下去，短期內可以上漲至 0.20 至 0.30 美元。

Longer-term growth will depend on sustained demand and broader market factors, but if Dogecoin maintains its momentum, revisiting higher price levels—possibly closer to its previous all-time high—may be within reach. However, investors should remain cautious, as Dogecoin's speculative nature and external influences make it prone to volatility, with sharp price movements in either direction.

長期成長將取決於持續的需求和更廣泛的市場因素，但如果狗狗幣保持其勢頭，重新審視更高的價格水平（可能更接近之前的歷史高點）可能是可以實現的。然而，投資者應保持謹慎，因為狗狗幣的投機性質和外部影響使其容易波動，價格在任一方向上都會急劇波動。