Dogecoin's price has plummeted over the past month, experiencing a 30% drop to its lowest point in four months. This decline continues, with a 20% fall in the past week and nearly 10% in the last 24 hours, bringing its current price to approximately $0.1735. The market capitalization has shrunk to $25.75 billion, while trading volume has spiked to $2 billion amidst heightened trader activity.

在过去的一个月中，Dogecoin的价格暴跌，四个月内的价格下降了30％。 这种下降持续下降，过去一周下降了20％，在过去24小时内近10％，其目前的价格约为0.1735美元。 市值缩水至257.5亿美元，而交易量增加了交易者活动的增长到20亿美元。

Source: CoinMarketCap

资料来源：CoinMarketCap

This sharp downturn follows a turbulent week in the cryptocurrency market, triggered by Donald Trump's announcement of a "crypto reserve" plan, which initially propelled prices upward. However, this rally proved short-lived. Bitcoin has fallen nearly 4% to $83,250, reversing its Trump-related gains, and Ethereum has followed a similar trend. Dogecoin, however, has suffered a more significant and rapid decline compared to other major cryptocurrencies.

唐纳德·特朗普（Donald Trump）宣布“加密储备”计划（Crypto Reserve）计划，该计划触动了这一剧烈的衰退，这是在加密货币市场上的动荡一周，最初将价格推向上升。但是，这次集会被证明是短暂的。比特币已下跌近4％至83,250美元，扭转了与特朗普相关的收益，以太坊也遵循了类似的趋势。 然而，与其他主要加密货币相比，多霉素的遭受的幅度更大和迅速下降。

Dogecoin's recent struggles contrast sharply with its post-election surge. Following Trump's January inauguration and the introduction of the Department of Government Efficiency (DOGE), its price rose dramatically from approximately $0.15 in November 2024 to over $0.47.

Dogecoin最近的斗争与大选后的激增形成鲜明对比。 在特朗普1月的就职典礼和政府效率部（DOGE）的引入之后，其价格从2024年11月的大约0.15美元上涨至超过0.47美元。

At its peak, Dogecoin's market cap exceeded $60 billion, fueled by Elon Musk's continued support and past endorsements.

在埃隆·马斯克（Elon Musk）的持续支持和过去的认可方面的推动下，Dogecoin的市值超过了600亿美元。

This momentum, however, has significantly waned. Over the past three months, Dogecoin has lost more than 40% of its value, with increasing selling pressure as investors realize profits. In the last 24 hours alone, a substantial $21.94 million worth of Dogecoin was liquidated—$18.51 million from long positions and $3.43 million from short positions.

然而，这种势头显着下降。 在过去的三个月中，Dogecoin损失了其价值的40％以上，随着投资者意识到利润，销售压力的增加。 仅在过去的24小时内，就清算了价值219.4万美元的狗狗币，从长位置上获得了1,851万美元，而从短职位上获得了343万美元。

Despite the substantial price drop, Dogecoin remains among the top 10 cryptocurrencies. There's hope that new investment vehicles, such as ETFs, could reignite interest. Bitwise has filed for a Dogecoin ETF, and Grayscale has launched a Dogecoin Trust.

尽管价格大幅下降，但Dogecoin仍然是十大加密货币之一。 希望新的投资工具（例如ETF）能够重新点燃兴趣。 Bitwise已申请了Dogecoin ETF，Grayscale推出了Dogecoin Trust。

Experts estimate a 75% probability of approval for these Dogecoin investment products this year, potentially attracting new buyers and stabilizing the price.

专家估计，今年这些Dogecoin投资产品的批准可能性为75％，有可能吸引新的买家并稳定价格。

Currently, however, Dogecoin faces considerable headwinds. The initial enthusiasm surrounding Trump's victory has subsided, Musk's influence appears diminished, and the sell-off shows no signs of abating. Without a significant shift in market sentiment, Dogecoin may experience further price declines.

但是，目前，Dogecoin面对的是巨大的逆风。 围绕特朗普胜利的最初热情已经消退，马斯克的影响力似乎减少了，而抛售没有显示出缓解的迹象。 没有市场情绪的重大转变，Dogecoin可能会进一步下降。

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