Dogecoin (DOGE) is down sharply on Wednesday, with the price having dipped around 10% over the past 24 hours, in line with a broader sell-off witnessed across the crypto market.

狗狗幣 (DOGE) 週三大幅下跌，價格在過去 24 小時內下跌了約 10%，與整個加密貨幣市場出現的更廣泛的拋售一致。

Fears that the US SEC might not approve spot Bitcoin ETFs in the very near-future have triggered frenzied trading conditions – Dogecoin has seen spot trading volumes of around $1 billion across major exchanges so far on Wednesday as per Yahoo, the highest since December the 11th.

對美國SEC 可能不會在不久的將來批准現貨比特幣ETF 的擔憂引發了瘋狂的交易狀況——根據雅虎的數據，截至週三，狗狗幣在主要交易所的現貨交易量已達到約10 億美元，這是自12 月11 日以來的最高水準。

Having started the day above $0.09, Dogecoin dipped as low as the $0.076s, but has since recovered to around $0.082.

狗狗幣開盤價高於 0.09 美元，最低跌至 0.076 美元，但此後已恢復至 0.082 美元左右。

The violent drop saw leveraged Dogecoin long futures positions worth nearly $10 million wiped out on Monday, the highest one-day-long liquidation event in over three months, as per coinglass.com.

根據 coinglass.com 報道，週一的劇烈下跌導致價值近 1000 萬美元的槓桿狗狗幣多頭期貨頭寸被清空，這是三個多月以來最高的單日清算事件。

狗狗幣期貨清算 / 來源：Coinglass

Price Prediction – More Downside for Dogecoin (DOGE)?

價格預測－狗狗幣（DOGE）還有更多下行空間嗎？

Dogecoin’s latest price drop confirms bearish price formations that been flashing warning signs in recent days.

狗狗幣的最新價格下跌證實了最近幾天一直閃爍著警訊的看跌價格形態。

Firstly, since peaking in price in December, Dogecoin has been consolidating within a bearish descending triangle patter.

首先，自 12 月價格見頂以來，狗狗幣一直在看跌下降三角形格局中盤整。

Secondly, Dogecoin broke below an uptrend that had been in play since October just before the end of 2024.

其次，狗狗幣在 2024 年底前跌破了自 10 月以來一直存在的上升趨勢。

Wednesday’s big drop below key short-term support in the $0.088 area confirmed that the near-term technical bias is likely to be bearish.

週三大幅跌破 0.088 美元區域的關鍵短期支撐位，證實了近期技術面可能看跌。

DOGE could well be in for more downside and near-term price predictions may remain bearish.

狗狗幣很可能會面臨更多的下行空間，近期價格預測可能仍然看跌。

狗狗幣 (DOGE) 圖表 / 來源：TradingView

Can Dogecoin Hit $1 in 2024?

狗狗幣 2024 年能達到 1 美元嗎？

While Dogecoin’s very short-term outlook might be ugly, thanks mostly to technicals, assuming that the broader crypto bull market remains in flow, and dips probably won’t last too long or be too deep.

雖然狗狗幣的短期前景可能很糟糕，但這主要歸功於技術面，假設更廣泛的加密貨幣牛市仍在流動，並且下跌可能不會持續太久或太深。

Indeed, as risk appetite across the crypto market increases this year amid spot crypto ETF approvals and a rate-cutting cycle from the Fed, Dogecoin is a good candidate to perform well.

事實上，隨著今年加密貨幣市場的風險偏好隨著現貨加密 ETF 的批准和聯準會的降息週期而增加，狗狗幣是表現良好的良好候選者。

That’s particularly true in light of the fact that Dogecoin largely failed to keep pace with Bitcoin (BTC) and Ether (ETH)’s big price pumps in 2023, meaning that Dogecoin might represent a comparatively favorable value bet.

鑑於狗狗幣在2023 年基本上未能跟上比特幣(BTC) 和以太幣(ETH) 的大幅價格上漲，這一事實尤其如此，這意味著狗狗幣可能代表了相對有利的價值押注。

Dogecoin briefly reached a market cap of $82 billion in 2021.

狗狗幣的市值在 2021 年一度達到 820 億美元。

Assuming the cryptocurrency can surpass this level in 2024 or 2025, DOGE stands a chance of reaching $1.

假設加密貨幣能夠在 2024 年或 2025 年超過這一水平，DOGE 有機會達到 1 美元。

There are currently around 142 billion Dogecoins in issuance, meaning DOGE would have to reach a market cap of $142 billion for each token to be worth $1.

目前狗狗幣的發行量約為 1,420 億枚，這意味著 DOGE 的市值必須達到 1,420 億美元，每個代幣價值 1 美元。

DOGE Alternative to Consider – Sponge V2 ($SPONGEV2)

DOGE 可考慮的替代方案 – Sponge V2 ($SPONGEV2)

Dogecoin could deliver holders gains in the region of 10x this bull market.

狗狗幣可為持有者帶來本輪牛市 10 倍的收益。

That’s not bad, but many meme coin investors are aiming higher, i.e. for gains in the region of 100x.

這還不錯，但許多 Meme 幣投資者的目標更高，即 100 倍左右的收益。

They should look no further than Sponge V2 ($SPONGEV2), the reincarnation of the legendary Spongebob Squarepants-themed $SPONGE token, which reached a market cap of nearly $100 million earlier in 2023 and delivered gains to its earlier investors in the region of 100x.

他們應該看看Sponge V2 ($SPONGEV2)，這是傳奇的海綿寶寶主題$SPONGE 代幣的轉世，該代幣在2023 年初達到近1 億美元的市值，並為其早期投資者帶來了100 倍左右的收益。

$SPONGE token holders will be able to stake their tokens to receive an equivalent amount of $SPONGEV2 tokens, as well as to start earning staking rewards (paid out in $SPONGEV2) with a minimum APY of 40%.

$SPONGE 代幣持有者將能夠質押其代幣以獲得等量的 $SPONGEV2 代幣，並開始賺取最低年利率 40% 的質押獎勵（以 $SPONGEV2 支付）。

$SPONGEV2’s main advantage over $SPONGE is that it will power a new play-to-earn game, the details of which are yet to be released.

$SPONGEV2 相對於 $SPONGE 的主要優勢在於，它將為一款新的邊玩邊賺錢的遊戲提供支持，但其細節尚未公佈。

But we do know that there will be a free version and paid version of the game.

但我們確實知道該遊戲將會有免費版本和付費版本​​。

Visit Sponge V2 Here

在這裡參觀 Sponge V2