There has been talk for some time that the price of DOGE was ready to exceed $0.1, and it has finally happened. The meme coin king, despite being away from Elon Musk’s support, was trading above $0.1 at the time of writing this article and has achieved double-digit gains for the day. So, what’s next?

一段時間以來，人們一直在談論 DOGE 的價格即將突破 0.1 美元，而這一切終於發生了。儘管沒有伊隆馬斯克(Elon Musk)的支持，這位迷因幣之王在撰寫本文時的交易價格仍高於 0.1 美元，並且當日實現了兩位數的漲幅。下一個是什麼？

Why Is Dogecoin Rising?

狗狗幣為何上漲？

Dogecoin, which started as a joke 10 years ago, has reached a massive investor community over the years. The increase in its price reached such a point that in May 2021, it aimed for $1. However, due to comments made by Elon Musk on the SNL Show he participated in, the price moved away from its target, which was seen as a dream years ago. Now, after massive sales, it is giving signals of a comeback by exceeding $0.1 again.

狗狗幣最初只是 10 年前的一個笑話，多年來已經吸引了龐大的投資者群體。其價格漲幅達到了 2021 年 5 月的目標，達到 1 美元。然而，由於伊隆馬斯克在他參加的《週六夜現場》節目中發表的言論，價格偏離了多年前被視為夢想的目標。現在，在大規模銷售之後，它再次突破 0.1 美元，發出了捲土重來的信號。

The fundamental reason for the rise was the rally that Bitcoin‘s price has been gaining momentum for weeks. So much so that we saw that even high-risk assets like LUNC, UST, PEPE made significant gains. We were saying that this could bring liquidity to rivals like Shiba and DOGE. And so it happened, while most popular altcoins stayed put, high-risk cryptocurrencies experienced speculative surges.

上漲的根本原因是比特幣價格連續幾週的上漲勢頭。以至於我們看到，即使是 LUNC、UST、PEPE 等高風險資產也取得了顯著收益。我們說這可以為 Shiba 和 DOGE 等競爭對手帶來流動性。事情就這樣發生了，雖然大多數流行的山寨幣保持不變，但高風險的加密貨幣經歷了投機激增。

DOGE Comments and Predictions

DOGE 評論和預測

For the first time since April, the DOGE price exceeding $0.1 has also revitalized demand in futures trading. According to Coinglass data, the size of open positions increased by 58% for DOGE in the last week. A full $625 million of positions is supporting the DOGE price to rise even further.

DOGE價格自4月以來首次突破0.1美元，也重振了期貨交易的需求。根據Coinglass的數據，上週DOGE的未平倉部位規模增加了58%。足足 6.25 億美元的部位正在支撐 DOGE 價格進一步上漲。

The size of open positions at its peak on November 2, 2022, and the price surpassing $0.1 suggest that the rally could aim for new highs. Investors who believe that DOGE’s price will rise faster compared to Bitcoin are starting to shift their interest to it, taking higher risks during this rise period.

未平倉部位規模在 2022 年 11 月 2 日達到峰值，且價格超過 0.1 美元，顯示反彈可能會創下新高。那些認為 DOGE 的價格將比比特幣上漲得更快的投資者開始將興趣轉向它，並在上漲期間承擔更高的風險。

DOGE, which has not yet achieved the desired level of gains against BTC, has more room to grow. DOGE is still at bear market levels in BTC parity, and if we see movement here, a 300% rally up to $0.3 above $0.15 should not surprise investors.

DOGE相對於BTC的漲幅尚未達到預期水平，但仍有更大的成長空間。 DOGE 仍處於 BTC 平價的熊市水平，如果我們看到這裡的走勢，那麼 300% 的反彈至 0.15 美元上方 0.3 美元應該不會令投資者感到驚訝。

However, due to the rapid rise in the price of Bitcoin and the anticipated corrective movement not yet occurring, investors should be cautious against possible sudden profit-taking.

不過，由於比特幣價格快速上漲，預期的回檔尚未出現，投資人應謹慎看待可能出現的突然獲利了結。

繼續閱讀：https://en.coin-turk.com/dogecoins-rise-how-and-why-its-happening/