狗狗幣與柴犬：迷因幣之戰

You can also read this news on COINTURK NEWS: Dogecoin vs. Shiba Inu: The Battle of Meme Coins

您也可以在 COINTURK NEWS 上閱讀此新聞：Dogecoin vs. Shiba Inu：Meme Coins 之戰

Meme coins have always excited their investors with the hype surrounding them since the day they emerged. These coins drag their investors through various moods and emotional states. While all this is happening, eyes turn to Dogecoin (DOGE), the top of the meme coin hierarchy, and its closest follower, Shiba Inu (SHIB). Last year was not very successful for these two altcoins, so let’s take a look at how the competition between them unfolded.

自出現之日起，Meme 幣就一直因其周圍的炒作而令投資者興奮不已。這些代幣讓投資者經歷各種情緒和情緒狀態。當這一切發生時，人們的目光轉向了狗狗幣（DOGE），它是迷因幣層次結構的頂端，以及它最接近的追隨者，柴犬（SHIB）。去年這兩種山寨幣的表現並不是很成功，所以讓我們來看看它們之間的競爭是如何展開的。

DOGE or SHIB?

DOGE還是SHIB？

When it comes to market value ranking, Dogecoin still leads the list of meme coins. Despite the crypto market surge last year, 2023 did not seem to be a good year for DOGE. The growth it experienced was called a complete disappointment among investors.

在市值排名方面，狗狗幣仍然領先於模因幣排行榜。儘管去年加密貨幣市場激增，但 2023 年對 DOGE 來說似乎不是好年。它所經歷的成長被投資者稱為徹底失望。

According to CoinMarketCap data, the first dog-themed meme coin was only able to show a gain of 1.06% over the past year, shocking its investors. On the other hand, Shiba Inu (SHIB), inspired by DOGE and its biggest competitor, managed a modest but slightly better rise of 3.62%.

根據CoinMarketCap的數據，第一隻以狗為主題的meme幣在過去一年中僅上漲了1.06%，令投資者感到震驚。另一方面，柴犬 (SHIB) 受到 DOGE 及其最大競爭對手的啟發，小幅上漲 3.62%，但略好一些。

Moreover, the price directions of the two meme coins were clearly showing the recent difference. While DOGE experienced a 12.45% loss in value over the past month, SHIB pleased its investors with a 4% growth during the same period.

此外，兩種米姆幣的價格方向清楚地顯示了近期的差異。雖然 DOGE 在過去一個月的價值下跌了 12.45%，但 SHIB 同期卻實現了 4% 的成長，令投資者感到滿意。

Is SHIB Taking Over Doge’s Place?

SHIB 會取代 Doge 的位置嗎？

While all this was happening, things were also looking negative for DOGE in terms of trading activity, with a decreasing demand reflected in the charts. According to data provided by Santiment, DOGE’s daily USD volume saw a 39% decrease compared to the previous month. Meanwhile, its rival SHIB was ahead, with its transaction value in USD increasing by 2% over a one-month period.

儘管發生了這一切，但 DOGE 的交易活動也出現了負面影響，圖表中反映出需求下降。根據 Santiment 提供的數據，DOGE 每日美元交易量較上月下降 39%。同時，其競爭對手SHIB領先，其美元交易額在一個月內成長了2%。

The analysis of on-chain activities also revealed a similar trend. In the first 14 days of 2024, there was a noticeable decrease in DOGE’s daily transaction count, by 68%. On the other hand, if we talk about Shiba Inu, there was an 8% increase in transactions within its ecosystem.

對鏈上活動的分析也揭示了類似的趨勢。 2024 年前 14 天，DOGE 的每日交易量明顯減少了 68%。另一方面，如果我們談論柴犬，其生態系統內的交易量增加了 8%。

The Relationship Between Elon Musk and Dogecoin

伊隆·馬斯克和狗狗幣之間的關係

Since the day its name began to be mentioned, DOGE and Elon Musk have always had a clear connection. Musk’s moves have always had direct and indirect effects on DOGE.

自從它的名字開始被提及的那一天起，DOGE 和伊隆馬斯克就一直有著明顯的聯繫。馬斯克的舉動一直對DOGE產生直接和間接的影響。

Unlike the relationship between Elon Musk and DOGE, Shiba Inu and even other meme coins like Bonk (SAGA Phone) have always been striving for real-world use cases and how to move forward. This situation causes DOGE to operate within a limited structure.

與馬斯克和 DOGE 之間的關係不同，Shiba Inu 甚至像 Bonk（SAGA Phone）這樣的其他模因幣一直在努力爭取現實世界的用例以及如何前進。這種情況導致 DOGE 在有限的結構內運作。

Elon Musk had a significant impact on prices with his tweets during the past bull market, but he could not demonstrate the same power during the bear market, leading to a clear separation between the DOGE and Musk effect.

伊隆馬斯克在過去的多頭市場中透過他的推文對價格產生了重大影響，但他在熊市中卻無法表現出同樣的力量，導致 DOGE 效應和馬斯克效應明顯分離。

Due to its low performance in the crypto market, there has also been a weakening in the speculation-driven movements affecting DOGE. According to data from Coinglass, there is a noticeable difference in the number of investors taking short positions in DOGE compared to those taking long positions.

由於其在加密市場的低表現，影響 DOGE 的投機驅動運動也減弱。根據Coinglass的數據，持有DOGE空頭部位的投資人數量與持有多頭部位的投資人數量有明顯差異。

If we examine the same situation for SHIB, currently 64% of the open positions are long, once again demonstrating investors’ confidence in its rise.