As we enter 2024, the cryptocurrency market is still very interesting and has the potential to change a lot. One particular digital currency, Dogecoin, which started as a joke, is liked by many investors and fans. Let’s see what might happen to Dogecoin this year by looking at some predictions and the current market information. Let’s take a look at this Dogecoin price prediction article in more detail.

進入 2024 年，加密貨幣市場仍然非常有趣，並且有可能發生很大變化。狗狗幣（Dogecoin）是一種特殊的數位貨幣，最初只是一個笑話，但受到許多投資者和粉絲的喜愛。讓我們透過一些預測和當前的市場資訊來看看狗狗幣今年會發生什麼。讓我們更詳細地來看看這篇狗狗幣價格預測文章。

As of now, the price of Dogecoin is $0.083433, and it has had a trading volume of $1.64 billion in the last 24 hours. The market cap of Dogecoin is $11.91 billion, and its market dominance is 0.73%. In the past day, the price of Dogecoin decreased by 4.25%.

截至目前，狗狗幣的價格為 0.083433 美元，過去 24 小時內的交易量為 16.4 億美元。狗狗幣市值為119.1億美元，市場主導地位為0.73%。過去一天，狗狗幣價格下跌4.25%。

The highest price Dogecoin ever reached was on May 8, 2021, at $0.738595, while its lowest price was on May 7, 2015, at $0.00008547. After reaching its all-time high, the lowest price dropped to $0.049701 (cycle low), and the highest price since then was $0.156883 (cycle high). Currently, the sentiment for Dogecoin’s price prediction is neutral, and the Fear & Greed Index shows a value of 55, indicating greed.

狗狗幣的最高價格是在 2021 年 5 月 8 日達到的，為 0.738595 美元，而最低價格是在 2015 年 5 月 7 日，為 0.00008547 美元。在達到歷史高點後，最低價格跌至 0.049701 美元（週期低點），此後最高價格為 0.156883 美元（週期高點）。目前，狗狗幣的價格預測情緒為中性，恐懼與貪婪指數顯示值為 55，表示貪婪。

The total circulating supply of Dogecoin is 142.75 billion DOGE. The yearly supply inflation rate is 7.60%, resulting in the creation of 10.08 billion DOGE in the last year. In terms of market cap ranking, Dogecoin is positioned at #2 in the Proof-of-Work Coins sector, #1 in the Meme Coins sector, and #7 in the Layer 1 sector.

狗狗幣的總流通量為 1,427.5 億 DOGE。年供應通膨率為 7.60%，去年創造了 100.8 億個 DOGE。就市值排名而言，狗狗幣在工作量證明幣領域排名第 2，在 Meme 幣領域排名第 1，在第 1 層領域排名第 7。

Why is the DOGE Price fluctuating?

為什麼DOGE價格波動？

Dogecoin’s price went up, and it seems connected to what Elon Musk’s company X is doing. They’ve introduced something called the “Payments” account, which is a big step in X’s plan to bring new ideas to the financial technology world. This move is all about making digital transactions easier and better, with a focus on creating payment solutions that are easy for users and also very safe.

狗狗幣的價格上漲，這似乎與伊隆馬斯克的 X 公司正在做的事情有關。他們推出了一種名為「支付」帳戶的東西，這是 X 計劃為金融科技世界帶來新想法的一大進步。此舉旨在讓數位交易變得更容易、更好，重點是創建對用戶來說簡單且非常安全的支付解決方案。

Although the exact information about how cryptocurrencies will be included in X’s “Payments” account is not known yet, the fact that Dogecoin’s price went up right after this announcement has sparked curiosity and discussion among investors and analysts. 

儘管目前尚不清楚加密貨幣將如何計入 X 的「付款」帳戶的確切訊息，但狗狗幣的價格在這一消息公佈後立即上漲，引發了投資者和分析師的好奇和討論。

This is especially interesting because Elon Musk has a history of supporting Dogecoin, even more than other well-known cryptocurrencies like Bitcoin. Given Musk’s influence in the cryptocurrency world and his connection to X, many people are speculating that Dogecoin could have a role in this new payment system.

這尤其有趣，因為 Elon Musk）有著支持狗狗幣的歷史，甚至比比特幣等其他知名加密貨幣還要多。鑑於馬斯克在加密貨幣世界的影響力以及他與 X 的聯繫，許多人猜測狗狗幣可能會在這個新的支付系統中發揮作用。

As mentioned above, the price of Dogecoin is $0.083333. Over the past 24 hours, it had a trading volume of $1.63 billion, and its market cap is $11.90 billion, representing 0.73% of the total cryptocurrency market. Yet, in the last 24 hours, the price of Dogecoin has decreased by 4.46%.

如上所述，狗狗幣的價格為 0.083333 美元。過去24小時，其交易量為16.3億美元，市值為119億美元，佔加密貨幣市場總額的0.73%。然而，在過去24小時內，狗狗幣的價格下跌了4.46%。

Dogecoin Price Prediction: Is DOGE Set to explode?

狗狗幣價格預測：DOGE 會爆炸嗎？

Despite Dogecoin (DOGE) currently trading above the 200-day simple moving average and maintaining high liquidity, as indicated by its substantial market capitalization, its performance metrics present a mixed picture. Over the past year, the DOGE price has experienced a decline of -2%, showcasing a lackluster trend. 

儘管狗狗幣 (DOGE) 目前的交易價格高於 200 天簡單移動平均線，並保持高流動性（正如其龐大的市值所表明的那樣），但其業績指標卻呈現出喜憂參半的情況。過去一年，DOGE價格下跌了-2%，走勢平淡。

Furthermore, DOGE has been outperformed by 73% of the top 100 cryptocurrencies during this period, indicating a relative underperformance within the broader market. 

此外，在此期間，DOGE 的表現優於前 100 名加密貨幣中的 73%，這表明在更廣泛的市場中表現相對較差。

Notably, both Bitcoin and Ethereum have outshone Dogecoin, contributing to its lower comparative standing. The limited number of positive price movements, with only 13 green days in the last 30 days, highlights a prevailing bearish sentiment. 

值得注意的是，比特幣和以太坊的表現都超過了狗狗幣，導致其相對地位較低。價格積極走勢的數量有限，過去 30 天內只有 13 個綠色日，凸顯了普遍的看跌情緒。

Additionally, Dogecoin is currently down -89% from its all-time high, suggesting a significant retracement. The yearly inflation rate of 7.60% introduces an element of supply-side pressure that could impact the coin’s value over time. 

此外，狗狗幣目前較歷史高點下跌了-89%，顯示出現了大幅回檔。 7.60% 的年通膨率帶來了供應方壓力，隨著時間的推移，可能會影響代幣的價值。

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