• 1 Dogecoin is trying to break its long consolidation range of more than 450 days.

1 狗狗币正试图打破其超过 450 天的长期盘整区间。

• 2 Dogecoin is the most popular and oldest meme-coin in the crypto space.

2 狗狗币是加密货币领域最流行、最古老的模因币。

• 3 This article delves into the performance, updates, and other factors driving Dogecoin in 2024.

3 本文深入探讨了 2024 年狗狗币的性能、更新和其他驱动因素。

Dogecoin is the oldest meme coin and the most popular one having the highest market capitalization. DOGE exploded in the year 2021 and created a huge wealth for its investors. However, afterward, it went bearish and since then it has been in a tight consolidation. Meanwhile, there are multiple updates on the meme coin fluctuating its price and giving hype it.

狗狗币是最古老的模因币，也是最受欢迎、市值最高的模因币。 DOGE在2021年爆发，为其投资者创造了巨额财富。然而，此后，它转为看跌，此后一直处于紧密盘整之中。与此同时，模因币的多次更新导致其价格波动并对其进行炒作。

How Dogecoin Got A Boom In 2021

狗狗币如何在 2021 年蓬勃发展

Dogecoin made a big impact in 2021, showing the potential of meme coins to the crypto world. From the start to the middle of the year, Dogecoin soared over 130 times in market size, becoming the fourth-biggest cryptocurrency after Bitcoin, Ethereum, and Binance Coin.

狗狗币在 2021 年产生了巨大影响，向加密世界展示了模因币的潜力。从年初到年中，狗狗币的市场规模飙升了130多倍，成为继比特币、以太坊和币安币之后的第四大加密货币。

The main reason for Dogecoin’s success was the support of Elon Musk, the boss of Tesla and SpaceX, who tweeted about it several times. Several celebrities joined him, such as Snoop Dogg and Gene Simmons from Kiss. Mark Cuban, who owns an NBA team, also helped Dogecoin by letting his fans buy stuff with it. His team did about 6,000 Dogecoin deals in April that year.

狗狗币成功的主要原因是特斯拉和SpaceX老板埃隆·马斯克的支持，他曾多次在推特上谈论过狗狗币。一些名人也加入了他的行列，例如《吻乐队》中的史努比狗狗和吉恩·西蒙斯。拥有一支 NBA 球队的马克·库班 (Mark Cuban) 也通过让他的粉丝用狗狗币购买东西来帮助狗狗币。那年 4 月，他的团队完成了约 6,000 笔狗狗币交易。

Dogecoin’s huge growth happened at the same time as a general crypto boom that made Bitcoin reach a new high. People were willing to take more risks, and the Dogecoin fans on Reddit and elsewhere boosted the coin’s momentum. Dogecoin is still a popular coin in the market, and its price could change a lot depending on what famous people and the general social media says about it.

狗狗币的巨大增长与加密货币的普遍繁荣同时发生，使比特币达到了新高。人们愿意承担更多风险，Reddit 和其他地方的狗狗币粉丝推动了该货币的发展势头。狗狗币仍然是市场上流行的硬币，其价格可能会根据名人和一般社交媒体对其的评价而发生很大变化。

Dogecoin Bullish Elements

狗狗币看涨元素

While Dogecoin may be supported by a very large online community it is nevertheless based on pure blockchain technology. The blockchain is miner-friendly. And, DOGE has the support of famous celebrities and individuals who show their support and love on social media platforms.

虽然狗狗币可能得到非常大的在线社区的支持，但它仍然基于纯粹的区块链技术。区块链对矿工来说是友好的。而且，DOGE 得到了著名名人和个人的支持，他们在社交媒体平台上表达了他们的支持和喜爱。

Dogecoin Bearish Elements

狗狗币看跌元素

The most disadvantageous factor behind the DOGE  bearishness is its lack of real utility and that it is more of a fun coin.  It has an unlimited supply which is also a bearish factor for the memecoin. Its value depends on its fans, who make it a gamble, a wild, and dangerous thing to own. The meme coin’s fans can get angry and mock those who disagree with them. Even the people who made Dogecoin don’t support the fans anymore.

DOGE 看跌背后最不利的因素是它缺乏真正的实用性，而且它更像是一种有趣的硬币。它的供应量是无限的，这对 memecoin 来说也是一个看跌因素。它的价值取决于它的粉丝，他们认为拥有它是一场赌博，一种疯狂而危险的东西。模因币的粉丝可能会生气并嘲笑那些不同意他们的人。即使是狗狗币的创造者也不再支持粉丝了。

Will Dogecoin Get a Boom In 2024

狗狗币会在 2024 年繁荣吗

Dogecoin has been consolidating in a horizontal channel for more than 450 days. If the price breaks the upper resistance band of this consolidation phase, then investors might see the new higher levels.

狗狗币已经在水平通道中盘整了 450 多天。如果价格突破此盘整阶段的上部阻力带，那么投资者可能会看到新的更高水平。

Moreover, DOGE stands at the number 10th position according to CoinMarketCap data. It has a bigger market cap than the major cryptocurrencies like Polkadot, Polkadot, and others. 

此外，根据 CoinMarketCap 数据，DOGE 排名第十。它的市值比 Polkadot、Polkadot 等主要加密货币更大。

Additionally, it has a strong community and various solid endorsements like Elon Musk and Snoop Dogg. However, there are some bigger projects are also on the way like speculations surrounding the market that  DOGE will integrate with the X platform for the payment option. However, it is not confirmed but in the future, if this integration happens then doge might surge to the new targets.

此外，它还拥有强大的社区和埃隆·马斯克 (Elon Musk) 和史努比狗狗 (Snoop Dogg) 等各种可靠的认可。然而，还有一些更大的项目正在进行中，比如市场猜测 DOGE 将与 X 平台集成支付选项。然而，这一消息尚未得到证实，但在未来，如果这种整合发生，那么 doge 可能会飙升至新的目标。

Conclusion

结论

Dogecoin, a meme-based cryptocurrency had a remarkable rise and fall in 2021. For some days the question rising in the crypto space is the DOGE dead or not? However, recent news and some technical factors are pointing towards the rise of crypto in the upcoming days.

狗狗币（Dogecoin）是一种基于模因的加密货币，在 2021 年经历了显着的上涨和下跌。几天来，加密货币领域不断出现的问题是 DOGE 是否已死？然而，最近的新闻和一些技术因素表明加密货币在未来几天将会崛起。

FAQs

常见问题解答

Will Dogecoin reach the level of $1?

狗狗币会达到1美元的水平吗？

DOGE’s $1 target depends upon its adoption rate, market conditions, and any crucial development in its utility. However, the crypto space is unpredictable making certainties impossible. 

DOGE 的 1 美元目标取决于其采用率、市场状况及其效用的任何重要发展。然而，加密货币空间是不可预测的，因此不可能确定确定性。

What did Dogecoin’s fans feel about DOGE?

狗狗币的粉丝对 DOGE 有什么看法？

There are different opinions, from strong support to doubt. On social media and online platforms, supporters celebrate its spirit and possibilities, while opponents highlight the difficulties it has in becoming widely accepted and used.

众说纷纭，有强烈支持，也有质疑。在社交媒体和在线平台上，支持者赞扬其精神和可能性，而反对者则强调其被广泛接受和使用所面临的困难。

Is DOGE a good option for long-term Investment?

DOGE是长期投资的好选择吗？

Dogecoin’s future as a long-lasting investment option depends on its usefulness, supply factors, leadership, and fan base. More work from developers and more real-life applications could improve its chances.

狗狗币作为一种持久投资选择的未来取决于它的实用性、供应因素、领导力和粉丝基础。开发人员的更多工作和更多现实生活中的应用程序可以提高其机会。