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The cryptocurrency market, particularly the altcoin sector including Dogecoin (DOGE), is experiencing price volatility driven by shifting market sentiment. A recent mild rally preceded anticipated changes in US government policy, though enthusiasm following the New York Digital Asset Summit seems to have subsided.

加密貨幣市場，尤其是包括Dogecoin（Doge）在內的Altcoin行業，正在經歷因轉移市場情緒而驅動的價格波動。 儘管紐約數字資產峰會之後的熱情似乎已經消退，但最近一次溫和的集會預計美國政府政策發生了預期的變化。

DOGE Challenges ADA for Eighth Position

Doge挑戰ADA的第八名

This fluctuation has positioned Dogecoin to potentially overtake Cardano (ADA) for eighth place by market capitalization. A previous March rivalry between the two saw each vying for dominance. Interestingly, despite a 2.79% price drop, DOGE remains on track to surpass Cardano.

這種波動使多黴素定位為潛在地超過了卡爾達諾（ADA），獲得了市值的第八名。 前三月的競爭之間的競爭使每個人都爭奪主導地位。 有趣的是，儘管價格下跌了2.79％，但Doge仍在努力超過Cardano。

At the time of writing, DOGE is trading at $0.1671, with a market cap of $24.94 billion. Analysts attribute the price decline to reduced investor activity, evidenced by a 37.78% decrease in 24-hour trading volume to $833.1 million. This follows a previous 24-hour period where trading volume surged over 55%, reaching approximately $1.31 billion. This surge was preceded by a 400% increase in active addresses and a corresponding rise in blockchain activity, fueled by heightened network engagement and positive market sentiment.

在撰寫本文時，Doge的交易價格為0.1671美元，市值為249.4億美元。分析師將價格下跌歸因於投資者的活動減少，這證明了24小時交易量減少37.78％，至8.331億美元。這是在過去的24小時期間，交易量飆升了55％以上，達到約13.1億美元。 在這一激增之前，活動地址增加了400％，區塊鏈活動的相應增加，這是由於網絡參與和積極的市場情緒的增強所推動。

Can DOGE Maintain its Lead over ADA?

Doge能否維持ADA的領先地位？

Market analysts believe DOGE's recent bullish performance could solidify its position above Cardano. A price rebound could propel DOGE's market cap beyond ADA's current $25.08 billion.

市場分析師認為，Doge最近的看漲表現可以鞏固其在Cardano上方的位置。 價格反彈可以推動Doge的市值超出ADA目前的250.8億美元。

Currently, ADA is down 2.64% trading at $0.7072, with 24-hour trading volume also declining by 24.39% to $831.95 million. Read original article on U.Today

目前，ADA的交易價格下跌了2.64％，為0.7072美元，24小時交易量也下降了24.39％，至8.3195億美元。 閱讀有關U.Today的原始文章