Dogecoin's Bullish Momentum Continues into the Weekend

狗狗幣的看漲勢頭持續到週末

Dogecoin continues its impressive trajectory over the weekend, posting a remarkable 31% gain that elevates its price to $0.28. This marks the highest point the token has reached since November 2021, coinciding with the broader market uptrend that propelled Bitcoin to its all-time peak of $69,000.

狗狗幣在周末繼續其令人印象深刻的軌跡，漲幅高達 31%，使其價格升至 0.28 美元。這標誌著該代幣自 2021 年 11 月以來達到的最高點，恰逢更廣泛的市場上漲趨勢，推動比特幣升至 69,000 美元的歷史最高點。

Dogecoin's value has doubled since last month, representing a substantial 155% increase. According to CoinGecko, the token has surged by 86% over the past week, although it remains short of its record high of $0.71 set in May 2021.

自上個月以來，狗狗幣的價值翻了一番，大幅上漲了 155%。據 CoinGecko 稱，該代幣過去一周已飆升 86%，但仍低於 2021 年 5 月創下的 0.71 美元的歷史新高。

Elon Musk's Influence on Dogecoin's Rise

伊隆馬斯克對狗狗幣崛起的影響

Multiple reports attribute the current hype surrounding Dogecoin to various factors, including the unwavering support of Tesla CEO Elon Musk. During the U.S. presidential election campaign, Musk aligned himself with now-President Donald Trump, jokingly proposing the establishment of a "Department of Government Efficiency (D.O.G.E)" led by Trump. This playful sentiment contributed to the token's earlier momentum, helping it reach new heights in recent months.

多份報告將當前圍繞狗狗幣的炒作歸因於多種因素，其中包括特斯拉執行長馬斯克的堅定支持。美國總統競選期間，馬斯克與現任總統川普結盟，開玩笑地提議成立由川普領導的「政府效率部（D.O.G.E）」。這種有趣的情緒促成了該代幣的早期勢頭，幫助其在近幾個月達到新的高度。

With Trump's victory, the market has experienced a widespread upswing in response to his campaign promises. Among the promises made, Trump's commitment to dismiss SEC Chair Gary Gensler has elicited particular enthusiasm among Dogecoin traders and the wider market. As a result, Dogecoin has witnessed a surge not seen since 2021.

隨著川普的勝利，市場因其競選承諾而普遍上漲。在做出的承諾中，川普承諾解僱 SEC 主席加里詹斯勒 (Gary Gensler)，這引起了狗狗幣交易者和更廣泛市場的特別熱情。結果，狗狗幣出現了 2021 年以來從未有過的飆升。

Dogecoin Overtakes XRP in Market Cap

狗狗幣市值超過 XRP

Dogecoin's surge has not only propelled it to highs seen in 2021 but has also boosted its market capitalization to over $35 billion, surpassing XRP's market cap of $33.7 billion. If the current trend continues, Dogecoin may soon approach USDC's market cap of $37 billion.

狗狗幣的飆升不僅將其推升至 2021 年的高點，還將其市值提升至超過 350 億美元，超過了 XRP 的 337 億美元市值。如果目前的趨勢持續下去，狗狗幣可能很快就會接近 USDC 370 億美元的市值。

Open interest in dogecoin-tracked futures is also approaching all-time highs, with interest currently hovering around 33%. This translates to an open interest value of 8.33 billion DOGE, worth approximately $1.8 billion at current prices.

狗狗幣追蹤期貨的未平倉合約也接近歷史新高，目前興趣徘徊在 33% 左右。這意味著未平倉合約價值為 83.3 億 DOGE，以當前價格計算價值約為 18 億美元。

The Dogecoin frenzy has also had a positive impact on its parody token, Ethereum-based D.O.G.E, which has surged over 600% since the beginning of October. Bitcoin, too, has enjoyed a price increase, nearing the $80,000 mark before settling around $79,999.

狗狗幣的狂熱也對其模仿代幣——基於以太坊的 D.O.G.E 產生了積極影響，自 10 月初以來，該代幣已飆升超過 600%。比特幣的價格也有所上漲，接近 8 萬美元大關，然後穩定在 79,999 美元左右。