Dogecoin Demand Surges Amidst Market Volatility

市場波動導致狗狗幣需求激增

New demand for DOGE surged to its peak during the week, with the memecoin's MVRVA ratio suggesting a buying opportunity.

本週，DOGE 的新需求飆升至峰值，memecoin 的 MVRVA 比率表明存在買入機會。

According to IntoTheBlock, Dogecoin (DOGE), the leading memecoin in the crypto market, experienced a significant surge in new demand. On May 2nd, 28,000 new addresses were created for trading DOGE, a 102% increase from the lowest point in DOGE's new demand for the month on April 29th.

據 IntoTheBlock 稱，加密貨幣市場中領先的 memecoin 狗狗幣 (DOGE) 經歷了新需求的大幅增長。 5 月 2 日，DOGE 交易新增地址 28,000 個，較 4 月 29 日當月 DOGE 新增需求最低點成長 102%。

Dogecoin Sees Surge in Demand Amidst Market Volatility

市場波動中狗狗幣​​需求激增

Amidst recent market volatility, Dogecoin (DOGE) has witnessed a notable surge in new demand and network activity. Data from Santiment shows a 27% increase in the number of daily active addresses involved in DOGE transactions over the past week. Despite this uptick in network activity, DOGE's price has not experienced a significant rally.

在最近的市場波動中，狗狗幣（DOGE）見證了新需求和網路活動的顯著激增。 Santiment 的數據顯示，過去一週參與 DOGE 交易的每日活躍地址數量增加了 27%。儘管網路活動增加，但 DOGE 的價格並未大幅上漲。

While increased network activity typically precedes a price surge, DOGE's sustained demand hasn't translated into substantial price gains. At the time of writing, DOGE is trading at $0.15, recording only a 2% price appreciation over the week, most of which occurred within the last 24 hours. This minor price increase aligns with the broader market decline observed during this period.

雖然網路活動的增加通常會導致價格飆升，但 DOGE 的持續需求並未轉化為價格的大幅上漲。截至撰寫本文時，DOGE 的交易價格為 0.15 美元，一周內僅上漲 2%，其中大部分發生在過去 24 小時內。這一小幅價格上漲與這段時期觀察到的大盤下跌一致。

Despite the recent market fluctuations, DOGE's price hike over the last 24 hours signals a bullish sentiment among investors. Santiment's weighted sentiment metric for DOGE is now positioned to breach its center line on an upward trend. This metric, which gauges market sentiment towards a cryptocurrency, indicates a shift towards positive sentiment if its value rises above zero.

儘管近期市場波動，DOGE 價格在過去 24 小時內的上漲表明投資者的看漲情緒。 Santiment 對 DOGE 的加權情緒指標現在處於上升趨勢中突破其中心線的位置。此指標衡量市場對加密貨幣的情緒，如果其價值升至零以上，則表示市場情緒轉向正面。

Source: Santiment

資料來源：Santiment

Currently, DOGE's weighted sentiment sits at -0.348, suggesting a predominantly bearish sentiment. However, an increase in trading activity and further gains in DOGE's price could elevate this metric in the short term.

目前，DOGE 的加權情緒為-0.348，顯示看跌情緒占主導地位。然而，交易活動的增加和 DOGE 價格的進一步上漲可能會在短期內提升這項指標。

DOGE's MVRV Ratio Indicates Buy Signal Amidst Market Volatility

DOGE 的 MVRV 比率顯示市場波動中的買進訊號

Dogecoin's Market Value to Realized Value (MVRV) ratio is currently signaling a buy opportunity, according to recent data. The MVRV ratio, calculated over a 30-day moving average, is currently at a negative value of -12.83% as of press time. This metric compares the current market price of an asset with the average price at which most investors acquired their holdings.

根據最新數據，狗狗幣的市值與已實現價值（MVRV）比率目前顯示存在買入機會。截至發稿時，根據 30 天移動平均線計算的 MVRV 比率目前為負值 -12.83%。此指標將資產的當前市場價格與大多數投資者購買其資產的平均價格進行比較。

A negative MVRV ratio suggests that the asset is undervalued, indicating that its market value is lower than the average purchase price of all tokens in circulation. In contrast, a ratio above one implies that the asset is overvalued, with its market value significantly higher than the average acquisition price.

負 MVRV 比率表示該資產被低估，顯示其市值低於所有流通代幣的平均購買價格。相反，比率高於 1 意味著該資產被高估，其市值明顯高於平均收購價格。

Traders commonly interpret a negative MVRV ratio as a signal to "buy the dip," anticipating a potential price rally. This strategy involves purchasing the asset when its market value is below its average acquisition price, with the expectation of profiting from a subsequent price increase.

交易者通常將負 MVRV 比率解讀為「逢低買進」的訊號，預計價格可能會上漲。該策略涉及在資產的市場價值低於其平均收購價格時購買該資產，並期望從隨後的價格上漲中獲利。

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：請注意，本文僅旨在提供信息，不應被視為法律、稅務、投資、財務或任何其他類型的建議。