According to Zack Pokorny, research analyst at Galaxy, the dog-themed cryptocurrency Dogecoin (DOGE) may be awakening yet again.

Galaxy 研究分析师扎克·波科尼 (Zack Pokorny) 表示，以狗为主题的加密货币狗狗币 (DOGE) 可能会再次觉醒。

Dogecoin's price has been underwhelming this year, but it is already exhibiting signs of life, with on-chain data revealing increased activity, implying potential for future rises.

狗狗币的价格今年一直表现平淡，但它已经显示出生命的迹象，链上数据显示活动增加，这意味着未来上涨的潜力。

the doge awakens ! shout-out to @ZackPokorny_ for an excellent follow-up report on the most honest memecoin, DOGE .love to see dog money ripping again 🚀https://t.co/5zpd0xs9Gs

总督苏醒了！向 @ZackPokorny_ 大声喊出关于最诚实的 memecoin DOGE 的出色后续报告。喜欢看到狗钱再次被掠夺🚀https://t.co/5zpd0xs9Gs

— Christine Kim (@christine_dkim) December 15, 2023

— 克里斯汀·金 (@christine_dkim) 2023 年 12 月 15 日

DOGE is up 77% from its bear market lows of $0.053 in June 2022, but it is still down 86% from its all-time highs of $0.68. In its lifespan, the extended 91% drop in the DOGE price has happened twice before big rallies.

DOGE 较 2022 年 6 月的熊市低点 0.053 美元上涨了 77%，但仍较历史高点 0.68 美元下跌了 86%。在其生命周期中，DOGE 价格在大幅上涨之前已经发生过两次持续下跌 91% 的情况。

Based on past price trends and statistical indicators, the DOGE price is at a healthy level and may be ready for a recovery. The imminent launch of the DOGE-1 satellite adds a literal moonshot element as well.

基于过去的价格趋势和统计指标，总督价格处于健康水平，可能已准备好恢复。 DOGE-1卫星的迫在眉睫的发射也增加了一个字面的月球元素。

Dogecoin was down 1.02% in the last 24 hours to $0.094 at the time of writing. According to the research, the DOGE market price has been trending higher than its realized price since November 2022. This move signaled the end of bear markets and the beginning of bull markets.

截至撰写本文时，狗狗币在过去 24 小时内下跌 1.02%，至 0.094 美元。研究显示，自 2022 年 11 月以来，DOGE 市场价格一直高于其实际价格。这一举动标志着熊市的结束和牛市的开始。

Other factors leading up to Dogecoin's reawakening

导致狗狗币重新觉醒的其他因素

Despite Dogecoin's lackluster price performance, on-chain indicators have been reaching some of the healthiest levels in years and, in some cases, new highs.

尽管狗狗币的价格表现不佳，但链上指标已达到多年来最健康的水平，在某些情况下还创下新高。

Unconventional indicators such as block size reveal new catalysts, which are being driven by the launch of DRC-20 tokens on Dogecoin.

区块大小等非常规指标揭示了新的催化剂，这些催化剂是由狗狗币上推出的 DRC-20 代币推动的。

The Dogecoin network has seen an increase in daily transactions and block size, owing to an increase in the number of users and sending addresses. These data indicate that there is a renewed interest in Dogecoin and its on-chain potential.

由于用户数量和发送地址的增加，狗狗币网络的每日交易量和区块大小有所增加。这些数据表明人们对狗狗币及其链上潜力重新产生了兴趣。

In this regard, Dogecoin has seen a massive influx of new and active users. The number of non-zero balance addresses has increased by 282,000 (5%) in the last 30 days, while the number of sending addresses has increased by 43,500 (127%), returning to December 2021 / January 2022 levels.

在这方面，狗狗币已经迎来了大量新用户和活跃用户的涌入。过去30天内非零余额地址数量增加了282,000个（5%），而发送地址数量增加了43,500个（127%），回到了2021年12月/2022年1月的水平。

In May 2023, the Dogecoin network saw a huge rise in daily transactions, increasing the cumulative transaction count by 64% in fewer than 50 days. On Nov. 8, daily transaction counts climbed 26 times, reigniting this pattern.

2023 年 5 月，狗狗币网络的每日交易量大幅增长，在不到 50 天内累计交易数增加了 64%。 11 月 8 日，日交易量增长了 26 倍，重新点燃了这一模式。

Dogecoin's improving fundamentals should not be disregarded, with the network's hashrate reaching all-time highs of 875 TH/s. This demonstrates that there is an increasing interest in mining DOGE and sustaining the network.

狗狗币不断改善的基本面不容忽视，该网络的算力达到了 875 TH/s 的历史新高。这表明人们对开采 DOGE 和维持网络越来越感兴趣。