Have you followed the latest buzz around Bitcoin? The well-known meme coin Dogecoin (DOGE), which had a price surge of 11% in a single day, has made a comeback. The unexpected resurgence of interest in meme coins aligns with this unexpected return, suggesting a potential revolution in the cryptocurrency space. Let’s dig into the details to find out what is driving Dogecoin’s recent bull market rally.

您有關注過比特幣的最新動態嗎？知名表情幣狗狗幣（DOGE）單日暴漲11%，捲土重來。人們對模因幣的興趣意外復甦，與這種意外回報一致，這表明加密貨幣領域可能會發生一場革命。讓我們深入研究細節，找出推動狗狗幣近期多頭漲幅的因素。

What Triggered Dogecoin’s Bullish Rally?

是什麼引發了狗狗幣的看漲反彈？

After the revelation on July 20 about X Payments accounts, there has been a noticeable surge in bullish activity on Dogecoin. Memecoin, which is now trading at $0.08818, has risen 11.13% in the past day, generating positive energy.

7 月 20 日有關 X Payments 帳戶的消息曝光後，狗狗幣的看漲活動明顯激增。 Memecoin 現價 0.08818 美元，過去一天上漲 11.13%，產生正能量。

Is Trading Volume the Catalyst?

交易量是催化劑嗎？

A review of the on-chain information reveals that one of the main drivers of Dogecoin’s resurgence is a staggering 289.72% increase in trading volume. The outstanding total volume of DOGE exchanged today, $1,303,078,319, shows a significant rise in less than a day.

對鏈上資訊的審查顯示，狗狗幣復甦的主要動力之一是交易量驚人的289.72%的成長。今天所交易的 DOGE 總交易量為 1,303,078,319 美元，在不到一天的時間內出現了顯著增長。

Dogecoin’s Journey as the Underdog

狗狗幣作為失敗者的旅程

Within the meme coin space, tokens from the Solana ecosystem momentarily eclipsed Dogecoin in importance. Despite seeing a modest increase of 14.71% over the preceding six months, Dogecoin faced intense competition from its rivals. Interestingly, BONK managed to rise by an astounding 3,437% within the same period.

在迷因幣領域，來自 Solana 生態系統的代幣的重要性暫時超過了狗狗幣。儘管狗狗幣在過去六個月中小幅增長了 14.71%，但仍面臨來自競爭對手的激烈競爭。有趣的是，同期BONK的漲幅達到驚人的3,437%。

Whale Activity and Network Spotlight

鯨魚活動與網路焦點

The network’s heightened whale activity aligns with Dogecoin’s current bullish outlook. According to IntoTheBlock data, the meme coin’s whale volume has surged by 21.25%, reaching an astounding $1.21 billion. This rebirth puts Dogecoin ahead in the competition, particularly when compared to Ethereum and Bitcoin, which have suffered declines in the growth of large transactions.

該網路鯨魚活動的增加與狗狗幣當前的看漲前景一致。根據IntoTheBlock數據顯示，meme幣的鯨魚交易量激增21.25%，達到驚人的12.1億美元。這種重生使狗狗幣在競爭中處於領先地位，特別是與以太坊和比特幣相比，後者的大額交易增長有所下降。

Read More : https://nftstudio24.com/dogecoins-11-surge-a-memecoin-revival-sparks-enthusiasm/

閱讀更多：https://nftstudio24.com/dogecoins-11-surge-a-memecoin-revival-sparks-enthusiasm/

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