The value of Dogecoin, the original meme cryptocurrency, has been increasing consistently in the last week. This occurred while Ethereum and Bitcoin prices faced challenges in breaking through their support levels. With the top two cryptocurrencies experiencing a surge once more, Dogecoin is still demonstrating an upward trend. Investors are closely monitoring the crypto market with high hopes that the price of DOGE will double soon. Let’s discover the reasons behind this story.

狗狗幣（原始模因加密貨幣）的價值在上週一直在持續增長。這是在以太坊和比特幣價格面臨突破支撐位的挑戰時發生的。隨著排名前兩位的加密貨幣再次飆升，狗狗幣仍呈現上升趨勢。投資者正在密切關注加密貨幣市場，並寄望 DOGE 的價格很快就會翻倍。讓我們來探究一下這個故事背後的原因。

Dogecoin Price Market Performance

狗狗幣價格市場表現

The current Dogecoin price stands at $0.182, experiencing a 5.53% increase in the last 24 hours. Over the previous week, its performance showed a notable rise of 38.26%. Despite the fact that DOGE is currently 75.26% below its record high of $0.7376, its price has surged significantly by 112.49% and 143% in the last month and year to date respectively. Having 143.62 billion DOGE in circulation, the meme coin has a market capitalization of $26.13B, placing it in 8th position on CoinMarketCap.

目前狗狗幣價格為 0.182 美元，在過去 24 小時內上漲了 5.53%。較上週，其業績顯著上漲38.26%。儘管 DOGE 目前比歷史高點 0.7376 美元低了 75.26%，但其價格在上個月和今年迄今分別大幅飆升了 112.49% 和 143%。 Meme 幣流通量為 1,436.2 億 DOGE，市值為 $26.13B，在 CoinMarketCap 上排名第八。

Reasons Why DOGE Price Will Rise 100% Soon

1. DOGE Day

The recent increase in Dogecoin’s price could potentially be just the beginning of a larger trend soon. The upcoming “DOGE Day” on April 20, which is famous for backing cannabis legalization. This specific day is important for the community of Dogecoin as it symbolizes the beginnings of the coin.  The community decided to commemorate the 420 meme to reflect on the lighthearted beginnings of Doge. One can enjoy Dogecoin without needing to experience a state of being high.

DOGE價格即將上漲100%的原因1.狗狗日最近狗狗幣價格的上漲可能只是很快更大趨勢的開始。即將到來的4月20日“DOGE Day”，以支持大麻合法化而聞名。這個特定的日子對於狗狗幣社群來說非常重要，因為它像徵著狗狗幣的誕生。社區決定紀念 420 模因，以反思 Doge 輕鬆的開端。人們無需體驗一種興奮的狀態即可享受狗狗幣。

In the past, Dogecoin has experienced increases in price in the month of April. Previously, the coin increased in value from $0.0020 to $0.0031 in 2019, and from $0.0017 to $0.0025 in 2020. The biggest surge occurred in 2021, with a boost of 18,000% from the DOGE Day of the previous year.

過去，狗狗幣在四月經歷過價格上漲。此前，該代幣的價值在 2019 年從 0.0020 美元上漲至 0.0031 美元，在 2020 年從 0.0017 美元上漲至 0.0025 美元。最大漲幅發生在 2021 年，較前一年 DOGE Day 上漲了 18,00%。

Although there was a setback in 2022, the coin rebounded in 2023. Currently, Dogecoin is being traded at $0.18 and is demonstrating potential for additional growth, with experts predicting a potential parabolic surge soon.

儘管在 2022 年遭遇挫折，但該貨幣在 2023 年出現反彈。目前，狗狗幣的交易價格為 0.18 美元，並顯示出進一步增長的潛力，專家預測很快就會出現拋物線飆升。

2. Technical Indicators

Rekt Capital, a crypto analyst discussed the price movement of Dogecoin. He noted that Dogecoin experienced a significant retracement to retest a long-term downtrend line, which is a positive sign. Following this retest, Dogecoin saw a breakout rally of around 45% to the upside. Rekt Capital also mentions that Dogecoin has now confirmed a new macro uptrend, indicating a shift in the overall trend direction. 

2.技術指標加密貨幣分析師Rekt Capital討論了狗狗幣的價格走勢。他指出，狗狗幣經歷了重大回調，重新測試長期下降趨勢線，這是一個正面的訊號。在這次重新測試之後，狗狗幣出現了約 45% 的突破性上漲。 Rekt Capital也提到，狗狗幣現在已確認了新的宏觀上升趨勢，顯示整體趨勢方向發生了轉變。

Additionally, the analyst observed that Dogecoin is forming a bullish flag pattern, suggesting further upward movement in price as it breaks out from this pattern. Overall, the tweet highlights bullish signals for Dogecoin’s price action, indicating potential for further upward momentum.

此外，分析師觀察到狗狗幣正在形成看漲旗形形態，表明當其突破該形態時價格將進一步上漲。總體而言，該推文強調了狗狗幣價格走勢的看漲訊號，顯示有進一步上漲動力的潛力。

3. Coinbase Derivatives Launch of Dogecoin Futures Trading Contracts

Coinbase Derivatives is set to launch $ futures trading on April 1st, potentially fueling more interest in the meme coin. The It plans to introduce Dogecoin futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company submitted letters to the United States Commodity Futures Trading Commission (CFTC), outlining its intention to launch monthly cash-settled and margin futures contracts for the cryptocurrencies. 

3. Coinbase Derivatives 推出狗狗幣期貨交易合約Coinbase Derivatives 將於 4 月 1 日推出美元期貨交易，這可能會激發人們對 meme 幣的更多興趣。它計劃在2024 年4 月1 日之前推出狗狗幣(DOGE)、萊特幣(LTC) 和比特幣現金(BCH) 的狗狗幣期貨交易合約。該公司向美國商品期貨交易委員會(CFTC) 提交了信函，概述了其打算推出每月現金結算的加密貨幣和保證金期貨合約。

Coinbase will use the self-certification approach, following CFTC regulations, to list the contracts without direct approval. The contracts’ details, sizes, and structures were provided in the letters, specifying that settlement methods would rely on a benchmark rate by MarketVector.

Coinbase 將依照 CFTC 的規定，採用自我認證的方式列出合約，無需直接批准。信件中提供了合約的詳細資訊、規模和結構，並指定結算方法將依賴 MarketVector 的基準利率。

The move is significant for Dogecoin, a meme coin that has gained considerable market value and community support despite its origins as a joke. Coinbase believes that Dogecoin has become a staple in the cryptocurrency world, transcending its meme roots.

此舉對於狗狗幣來說意義重大，儘管它最初只是一個笑話，但它已經獲得了相當大的市場價值和社群支持。 Coinbase 認為，狗狗幣已經超越了它的迷因根源，成為加密貨幣世界的主流。

Coinbase Derivatives will launch the first leveraged and CFTC-regulated futures contracts for Bitcoin Cash, Dogecoin, and Litecoin in April!

Coinbase Derivatives 將於四月推出首個受 CFTC 監管的比特幣現金、狗狗幣和萊特幣槓桿期貨合約！

Stay tuned to find out when these contracts will be available to trade on our partner platforms. pic.twitter.com/MfUBrjuNsA

請繼續關注，以了解這些合約何時可以在我們的合作夥伴平台上進行交易。 pic.twitter.com/MfUBrjuNsA

— Coinbase Institutional 🛡️ (@CoinbaseInsto) March 21, 2024

— Coinbase 機構 🛡️ (@CoinbaseInsto) 2024 年 3 月 21 日

4. Increase in DOGE’s Social Awareness

Based on the data from Santiment, the social significance of Dogecoin has risen to its peak level since surpassing one hundred in early March.

4. DOGE的社會影響力提升根據Santiment的數據，狗狗幣的社會影響力自3月初突破100以來已升至最高水準。

As we near April, should the metric keep increasing, there is a possibility for DOGE’s price to see a remarkable 100% surge in the next month. Another factor contributing to these rumors was simply the overall count of investors.

隨著四月份的臨近，如果該指標繼續增加，DOGE 的價格有可能在下個月出現 100% 的驚人飆升。造成這些謠言的另一個因素就是投資人的總數。

In February, it seemed that there were fewer than six million investors in Dogecoin. Nevertheless, as of today, the figure has exceeded 6.58 million. This may be seen as a rise in investor interest.

2 月份，狗狗幣的投資者似乎不到 600 萬人。儘管如此，截至今天，這個數字已經超過了658萬。這可能被視為投資者興趣的上升。

As April begins, the number of investors mentioned may reach up to seven million. If that happens, the price of DOGE could increase to $0.34.

到4月開始，提到的投資者人數可能會達到700萬人。如果發生這種情況，DOGE 的價格可能會上漲至 0.34 美元。

Conclusion

The recent surge in Dogecoin’s price suggests that it may double in value despite challenges faced by other major cryptocurrencies. Technical signals indicate a positive trend, with expectations of considerable upward movement. The anticipation for “DOGE Day” on April 20 and the introduction of futures trading contracts by Coinbase derivatives are adding to the positive outlook. Due to rising social consciousness and investors showing more interest, there is a possibility for Dogecoin’s price to reach $0.34 in the next month, indicating a 100% increase. Dogecoin’s surprising success solidifies its importance in the cryptocurrency market, going beyond its origins as a meme.

結論最近狗狗幣價格的飆升表明，儘管其他主要加密貨幣面臨挑戰，但其價值可能會翻倍。技術訊號顯示出積極的趨勢，預計將出現大幅上漲。 4 月 20 日「DOGE Day」的預期以及 Coinbase 衍生性商品推出期貨交易合約都增添了積極的前景。由於社會意識的提高和投資者表現出更多的興趣，狗狗幣的價格有可能在下個月達到0.34美元，即上漲100%。狗狗幣的驚人成功鞏固了其在加密貨幣市場的重要性，超越了其作為迷因的起源。