Dogecoin, the popular meme-inspired cryptocurrency, has regained attention as large investors, known as "whales," inject fresh funds into the market. This influx of interest has propelled Dogecoin's price, generating enthusiasm among supporters and investors. As we examine the recent activity surrounding Dogecoin, we will explore its potential for further growth and the implications for its future.

隨著被稱為「鯨魚」的大型投資者向市場注入新資金，狗狗幣是一種流行的受迷因啟發的加密貨幣，重新受到關注。這種興趣的湧入推動了狗狗幣的價格上漲，激發了支持者和投資者的熱情。當我們研究最近圍繞狗狗幣的活動時，我們將探討其進一步成長的潛力及其對其未來的影響。

Dogecoin's Recent Price Movement

狗狗幣近期的價格走勢

Currently, Dogecoin trades at $0.169365, with a 24-hour trading volume of $7.44 billion, a market capitalization of $24.77 billion, and a 1% share of the crypto market. In the past 24 hours, Dogecoin's price has increased by 1.46%. Dogecoin's all-time high was $0.738595 on May 8, 2021, while its lowest recorded price was $0.00008547 on May 7, 2015. Since then, Dogecoin has experienced a cycle low of $0.049701 and reached a recent cycle high of $0.227362. Market sentiment towards Dogecoin remains bullish, with the Fear & Greed Index indicating a level of 69, signaling "Greed." Dogecoin's circulating supply is approximately 146.25 billion DOGE, with an annual supply inflation rate of 3.27%, resulting in an additional 4.63 billion DOGE created over the past year.

目前，狗狗幣交易價格為0.169365美元，24小時交易量為74.4億美元，市值為247.7億美元，佔加密市場1%的份額。在過去24小時內，狗狗幣的價格上漲了1.46%。狗狗幣的歷史最高價為2021年5月8日的0.738595美元，而其最低記錄價格為2015年5月7日的0.00008547美元。了近期週期高點0.227362美元。市場對狗狗幣的情緒仍然看漲，恐懼與貪婪指數為 69，顯示「貪婪」。狗狗幣的流通供應量約為 1,462.5 億 DOGE，年供應通膨率為 3.27%，導致過去一年新增 46.3 億 DOGE。

Will the Dogecoin Rally Continue?

狗狗幣漲勢會繼續嗎？

Dogecoin's recent price action suggests the possibility of a sustained rally, with whales fueling its rise. Over the past day, these major investors have contributed approximately $149 million to Dogecoin, demonstrating their faith in its growth potential. Experts have labeled this trend as "super bullish," with some predicting ambitious price targets of $9 to $10 if the momentum persists. Dogecoin's value has already surged by 6.9% in one day, reaching $0.1764. Over the past week and two weeks, its value has increased by 27.8% and a significant 50.9%, respectively.

狗狗幣最近的價格走勢表明，在鯨魚的推動下，狗狗幣有可能持續上漲。在過去的一天裡，這些主要投資者已向狗狗幣捐贈了約 1.49 億美元，顯示了他們對其成長潛力的信心。專家們將這種趨勢稱為“超級看漲”，有些人預測，如果這種勢頭持續下去，價格目標將達到 9 至 10 美元。狗狗幣的價值已在一天內飆升 6.9%，達到 0.1764 美元。在過去一周和兩週內，其價值分別增長了 27.8% 和 50.9%。

Factors influencing Dogecoin's rally include the upcoming U.S. elections, which may generate further market interest. Additionally, Dogecoin's strong correlation with Bitcoin (approximately 94%) suggests that it often follows Bitcoin's price movements. When Bitcoin recently surpassed the $66,000 mark, it contributed to Dogecoin's upward trajectory. Optimism has also been fueled by increased whale activity, with large holders' inflows soaring from 3.08 million to 861 million DOGE, indicating a positive outlook for Dogecoin's future. With strong investor support and favorable market conditions, Dogecoin's rally has the potential to continue in the near term.

影響狗狗幣上漲的因素包括即將到來的美國大選，這可能會引發進一步的市場興趣。此外，狗狗幣與比特幣的強相關性（約 94%）表明它經常跟隨比特幣的價格走勢。當比特幣最近突破 66,000 美元大關時，它為狗狗幣的上漲做出了貢獻。鯨魚活動的增加也加劇了樂觀情緒，大戶的資金流入從 308 萬美元飆升至 8.61 億美元，顯示狗狗幣的未來前景樂觀。憑藉強大的投資者支持和有利的市場條件，狗狗幣的漲勢有可能在短期內持續下去。

Dogecoin Price Prediction: How High Can It Go?

狗狗幣價格預測：它能漲到多高？

The recent DOGE price surge has sparked speculation about its potential price trajectory. Elon Musk's recent mention of a "Department of Government Efficiency" (D.O.G.E.) in a discussion about cutting government spending has sparked renewed interest. Musk's playful reference has ignited buying activity, as investors recall his previous tweets and social media posts that have propelled Dogecoin's price significantly. Known as the "Dogefather," Musk's influence on Dogecoin's price is undeniable. Between March 2020 and May 2021, his frequent tweets and endorsements contributed to Dogecoin's meteoric rise of 64,000%, making it one of the most remarkable performers in the crypto market at the time.

最近 DOGE 價格飆升引發了對其潛在價格軌蹟的猜測。伊隆馬斯克最近在削減政府支出的討論中提到「政府效率部」（D.O.G.E.），再次引發了人們的興趣。馬斯克的有趣的提及引發了購買活動，因為投資者回想起他之前的推文和社交媒體帖子，這些帖子極大地推動了狗狗幣的價格。被稱為「狗狗之父」的馬斯克對狗狗幣價格的影響是不可否認的。 2020 年 3 月至 2021 年 5 月期間，他頻繁的推文和代言使得狗狗幣飆升了 64,000%，使其成為當時加密貨幣市場中表現最出色的股票之一。

Musk's recent D.O.G.E. reference could potentially ignite another rally, particularly if retail investors take notice. Some enthusiasts believe that if Musk continues to promote Dogecoin, it could reach an ambitious target of $0.50 or even revisit the $1 mark. While optimistic, this is not impossible given Musk's track record in driving interest in the token. However, it is essential to note that while Musk's influence is significant, Dogecoin's long-term price performance will depend on broader market support and the enthusiasm of the crypto community. For Dogecoin to sustain higher levels, it will require continued interest from both casual and serious investors. With Musk's recent endorsement and the current buzz, Dogecoin has the potential for further growth if the momentum remains strong.

馬斯克最近的 D.O.G.E.參考可能會引發另一場反彈，特別是如果散戶投資者註意到的話。一些愛好者認為，如果馬斯克繼續推廣狗狗幣，它可能會達到 0.50 美元的雄心勃勃的目標，甚至重新回到 1 美元大關。雖然樂觀，但考慮到馬斯克在推動代幣興趣方面的記錄，這並非不可能。然而，值得注意的是，雖然馬斯克的影響力很大，但狗狗幣的長期價格表現將取決於更廣泛的市場支援和加密社群的熱情。狗狗幣要維持更高的水平，需要休閒投資者和認真投資者的持續興趣。隨著馬斯克最近的認可和當前的熱議，如果勢頭保持強勁，狗狗幣就有進一步增長的潛力。