In the last week, DOGE, alongside other cryptocurrencies, suffered a significant price dip following reports of US enforcement action on the world’s largest exchange, Binance, and the company’s CEO, Changpeng “CZ” Zhao. In particular, DOGE recorded a cumulative price loss of 6.85%, ranking as one of the biggest losers in the last seven days, according to data from CoinMarketCap.

上周，有报道称美国对全球最大的交易所币安及其首席执行官赵长鹏“CZ”采取了执法行动，DOGE 与其他加密货币一起价格大幅下跌。尤其是，根据 CoinMarketCap 的数据，DOGE 累计跌幅达 6.85%，是过去 7 天内最大跌幅之一。

However, there are some positive developments regarding the meme coin, which indicate that investors may soon record a significant price gain.

然而，模因币有一些积极的发展，这表明投资者可能很快就会录得显着的价格上涨。

DOGE Record Transactions Worth Over $100,000 – Price Gain Imminent? 

DOGE 创纪录交易价值超过 100,000 美元——价格上涨迫在眉睫？

In an X post on November 23, popular crypto analyst Ali Martinez shared that the DOGE market recorded $100,000 in transactions in the past month based on data from In The Block.

在 11 月 23 日的 X 帖子中，受欢迎的加密货币分析师 Ali Martinez 表示，根据 In The Block 的数据，DOGE 市场在过去一个月的交易额达到了 10 万美元。

According to Martinez, this development marks a rising interest in DOGE from major institutional players as well as crypto whales, which means the maiden meme coin could be set for a price boost soon.

马丁内斯表示，这一发展标志着主要机构参与者以及加密鲸鱼对 DOGE 的兴趣日益浓厚，这意味着首次发行的模因币可能很快就会上涨。

#Dogecoin | There's a notable surge in $DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs.

#狗狗币 |过去一个月，$DOGE 交易量显着激增，超过 100,000 美元，不断创出新高。

This uptick suggests increased interest in #DOGE from institutional players and whales, potentially gearing up for a significant price spike. pic.twitter.com/UpxVkfu9hW

这种上升表明机构参与者和鲸鱼对#DOGE的兴趣增加，可能会为价格大幅上涨做好准备。 pic.twitter.com/UpxVkfu9hW

— Ali (@ali_charts) November 23, 2023

— 阿里 (@ali_charts) 2023 年 11 月 23 日

Providing more insight into this positive trend in the  DOGE market, blockchain analytics firm Santiment reported that 121 new wallets containing over 1 million DOGE have been created in the last month, terming it “a Sign of Big Money Interest.”

区块链分析公司 Santiment 提供了对 DOGE 市场这一积极趋势的更多见解，报告称上个月创建了 121 个新钱包，其中包含超过 100 万个 DOGE，并将其称为“大资金兴趣的标志”。

Santiment noted that Dogecoin has also recently recorded its largest spike in activity from dormant wallets, which indicates an incoming reversal of the token’s price trend, which is currently negative. 

Santiment 指出，狗狗币最近还记录了休眠钱包活动的最大峰值，这表明该代币的价格趋势即将发生逆转，目前价格趋势为负。

Behind DOGE’s Rise In Transaction – Dogecoin Co-Founder Weighs In 

DOGE 交易量增长的背后——狗狗币联合创始人的参与

In explaining the driving force behind increasing Dogecoin transactions, the token’s founder Billy Markus, with the X username Shibetoshi Nakamoto pointed out the introduction of ordinals and shitcoins.

在解释狗狗币交易增加背后的驱动力时，该代币的创始人 Billy Markus（X 用户名 Shibetoshi Nakamoto）指出了序数和垃圾币的引入。

This information was revealed in a separate post on X in response to a crypto enthusiast who highlighted the “parabolic” trend in the number of transactions on the Dogecoin network.

该信息是在 X 上的另一篇帖子中披露的，以回应一位加密货币爱好者，该爱好者强调了狗狗币网络上交易数量的“抛物线”趋势。

ordinals and shitcoins using doge blockchain

使用 doge 区块链的序号和垃圾币

— Shibetoshi Nakamoto (@BillyM2k) November 24, 2023

— Shibetoshi Nakamoto (@BillyM2k) 2023 年 11 月 24 日

DOGE Ordinals, popularly known as “Doginals,” are quite similar to the Bitcoin Ordinals. They are referred to as DRC-20 token standards, which allow users to inscribe information on the smallest individual units of a Dogecoin, i.e., shibes.

DOGE 序号，俗称“Doginals”，与比特币序号非常相似。它们被称为 DRC-20 代币标准，允许用户在狗狗币的最小单个单元（即 shibe）上刻写信息。

With the DRC-20 standard, DOGE users can now create non-fungible tokens (NFTs) supported by the Dogecoin network. Understandably, this has led to a substantial rise in the transactions on the Dogecoin network.

通过 DRC-20 标准，DOGE 用户现在可以创建受狗狗币网络支持的不可替代代币（NFT）。可以理解的是，这导致狗狗币网络上的交易量大幅增加。

While this development marks an increased network adoption, which could attract investors, the increase in transactions is also accompanied by high network fees, which may drive away network users. 

虽然这一发展标志着网络采用率的提高，这可能会吸引投资者，但交易量的增加也伴随着高昂的网络费用，这可能会赶走网络用户。

At the time of writing, DOGE trades at $0.078 with a 0.4% gain in the 24 hours. Meanwhile, its trading volume is up by 13.20% and valued at $374.16 million.

截至撰写本文时，DOGE 交易价格为 0.078 美元，24 小时内上涨 0.4%。与此同时，其交易量增长了13.20%，价值达到37416万美元。