Dogecoin and Shiba Inu, the world’s two largest meme coins, have seen their prices tumble over 10% in the past few days.

狗狗幣和柴犬這兩種世界上最大的迷因幣的價格在過去幾天暴跌了 10% 以上。

Both coins have experienced two consecutive bearish daily closes and appear to be on track for a third today.

這兩種代幣都經歷了連續兩次看跌的日收盤價，今天似乎有望迎來第三次收盤價。

However, while dog-themed cryptos are suffering, one relative newcomer, Sponge (SPONGE), is making waves and has pumped a whopping 220% in the past week.

然而，雖然以狗為主題的加密貨幣正在遭受苦難，但一個相對較新的加密貨幣 Sponge (SPONGE) 正在掀起波瀾，並在過去一周飆升了 220%。

Dogecoin Price Slumps as Investor Hype Fades

隨著投資者炒作的消退，狗狗幣價格暴跌

Dogecoin is trading around the $0.073 level after reaching a high of $0.082 on Saturday.

狗狗幣在周六觸及 0.082 美元高點後，目前交易價格約為 0.073 美元。

The coin rode a massive wave of retail investor hype throughout October to post incredible gains, becoming one of the biggest positive movers among established meme coins.

在整個 10 月份，該代幣在散戶投資者的大肆炒作中取得了令人難以置信的收益，成為成熟的模因代幣中最大的積極推動者之一。

However, in the past three days, interest has cooled significantly, with DOGE struggling to maintain itself above $0.080.

然而，在過去的三天裡，人們的興趣明顯降溫，DOGE 努力維持在 0.080 美元之上。

Lacking significant catalysts or developments from the core development team, DOGE’s value is heavily influenced by investor sentiment.

由於缺乏核心開發團隊的重要催化劑或發展，DOGE 的價值很大程度上受到投資者情緒的影響。

Although daily spot trading volume remains elevated at $727 million, much of this can be attributed to speculative traders closing their positions and taking profits.

儘管每日現貨交易量仍高達 7.27 億美元，但其中大部分可歸因於投機交易者平倉並獲利了結。

While diehard DOGE community members remain committed, many retail investors believe the coin’s bull run has ended.

儘管頑固的 DOGE 社群成員仍然堅定不移，但許多散戶投資者認為該代幣的牛市已經結束。

The DOGE price is now at a critical juncture between key support and resistance levels on the daily chart – meaning the next few days could decide the coin’s fate in the final weeks of 2023.

DOGE 價格目前正處於日線圖上關鍵支撐位和阻力位之間的關鍵時刻，這意味著接下來的幾天可能決定該代幣在 2023 年最後幾週的命運。

Shiba Inu Falls From Highs as Traders Take Profits

由於交易員獲利了結，柴犬從高點下跌

Shiba Inu has also experienced a dramatic comedown in the past few days, now trading around the $0.0000084 level.

Shiba Inu 在過去幾天也經歷了戲劇性的下跌，目前交易價格約為 0.0000084 美元水平。

After posting a significant upward wick on Saturday, SHIB has dropped over 12%, erasing a considerable portion of its gains from the previous uptrend.

在周六大幅上漲後，SHIB 已下跌超過 12%，抹去了先前上漲趨勢中的大部分漲幅。

This long wick suggests substantial selling pressure at higher prices, indicating that traders may have been taking profits after the recent rally.

這條長影線顯示價格上漲時存在巨大的拋售壓力，表明交易者可能在最近的上漲後獲利了結。

Supporting this is data from the Shiba Inu Fear & Greed Index, which has dropped to 46% in the past few days, placing it firmly in “Neutral” territory.

柴犬恐懼與貪婪指數的數據支持了這一點，該指數在過去幾天已降至 46%，堅定地處於「中性」區域。

This decline shows that the positivity seen throughout October is now being tempered by caution among investors, reflecting a more balanced sentiment.

這一下降表明，整個 10 月的積極情緒正在因投資者的謹慎情緒而受到削弱，反映出更加平衡的情緒。

However, the recently launched magazine “The SHIB” offers a new avenue for engaging the Shiba Inu community.

然而，最近推出的雜誌「The SHIB」為參與柴犬社區提供了新的途徑。

For its second edition, the magazine’s NFT giveaway sparked excitement, featuring boxing legend Manny Pacquiao as the cover star.

該雜誌第二版的 NFT 贈品引發了人們的興奮，拳擊傳奇人物曼尼·帕奎奧 (Manny Pacquiao) 擔任封面明星。

Initiatives like this magazine could help maintain community engagement during this period of declining prices, providing a ray of hope to SHIB holders.

像這本雜誌這樣的舉措可以幫助在價格下跌期間保持社區參與，為 SHIB 持有者帶來一線希望。

Sponge Token Defies Meme Coin Slump with Staking & Airdrop Momentum

Sponge 代幣透過質押和空投勢頭抵抗 Meme 幣的暴跌

While Dogecoin and Shiba Inu have stalled after their massive run-ups, one meme coin is starting to make waves.

雖然狗狗幣和柴犬幣在大幅上漲後陷入停滯，但一種迷因幣開始掀起波瀾。

Sponge (SPONGE), inspired by the famous SpongeBob SquarePants cartoon, has pumped over 220% amid a flurry of positive developments in the past week.

海綿 (SPONGE) 的靈感來自著名的海綿寶寶卡通片，在過去一周的一系列積極進展中，其股價上漲了 220% 以上。

The Ethereum-based token recently concluded a competitive airdrop event, distributing $100,000 worth of SPONGE tokens to active community members.

基於以太坊的代幣最近結束了一場競爭性空投活動，向活躍的社群成員分發了價值 10 萬美元的 SPONGE 代幣。

This airdrop required participants to complete various social media tasks and accumulate trading volume on Uniswap to earn points for redeemable token rewards.

這次空投要求參與者完成各種社群媒體任務並累積 Uniswap 上的交易量，以獲得可兌換代幣獎勵的積分。

The event was a huge success, attracting over 20,000 eager SPONGE fans who competed for prizes.

這次活動取得了巨大成功，吸引了超過20,000名熱切的SPONGE粉絲參與角逐獎品。

On the heels of this community-building effort, SPONGE launched its long-awaited staking protocol on November 1.

繼社區營造工作之後，SPONGE 於 11 月 1 日推出了期待已久的質押協議。

This feature allows SPONGE holders to lock up their tokens in return for rewards, providing another incentive for long-term holding.

這項功能允許 SPONGE 持有者鎖定他們的代幣以換取獎勵，為長期持有提供另一種激勵。

Between the airdrop hype and staking rollout, daily spot trading volume has rocketed over 138% to $3.1 million.

在空投炒作和質押推出之間，每日現貨交易量激增 138% 以上，達到 310 萬美元。

With its dedicated community and engaging tactics, Sponge is proving that meme coins can still deliver gains, even while mainstream names like DOGE and SHIB struggle.

憑藉其專注的社群和引人入勝的策略，Sponge 正在證明，即使 DOGE 和 SHIB 等主流名字舉步維艱，迷因幣仍然可以帶來收益。

Although the token’s price has pulled back slightly from yesterday’s high, the fundamentals remain the same – with many in the Sponge Telegram community believing now could be the ideal time to acquire SPONGE at a lower price.

儘管該代幣的價格較昨天的高點略有回落，但基本面保持不變——Sponge Telegram 社區的許多人認為現在可能是以較低價格收購 SPONGE 的理想時機。

Buy SPONGE Token

購買 SPONGE 代幣