Dogecoin (DOGE) is buckling under its own weight, with a series of metrics sliding backward for the cryptocurrency over the past week. At the time of writing, Dogecoin’s price has slipped 3.14% to $0.07998, with the price touching a low of $0.07964 overnight.

狗狗币（DOGE）在自身的重压下不堪重负，过去一周该加密货币的一系列指标都出现了下滑。截至撰写本文时，狗狗币的价格已下跌 3.14% 至 0.07998 美元，隔夜触及 0.07964 美元的低点。

The current price of Dogecoin has forced Chainlink (LINK) to boot the coin out of the top 10 list of cryptocurrencies by market cap, a demotion that has not happened to the dog-themed meme coin in more than a year.

狗狗币目前的价格迫使 Chainlink (LINK) 将其从市值排名前 10 的加密货币名单中剔除，这种以狗为主题的模因币一年多来从未发生过这种降级情况。

This slump in the rankings is not the worst for Dogecoin, as on-chain data, as shared by top market analyst Ali Martinez, shows a reduction in the total transaction volume. While this is a source of concern, Martinez also highlighted how whale volume is declining, underscoring the slow pace of adoption of the coin overall.

对于狗狗币来说，排名的下滑并不是最糟糕的，因为顶级市场分析师 Ali Martinez 分享的链上数据显示总交易量有所下降。虽然这是一个令人担忧的问题，但马丁内斯还强调了鲸鱼数量正在下降，突显了该代币整体采用速度缓慢。

#Dogecoin is experiencing a decrease in transaction volume and whale transaction count, which typically indicates lower trading activity. This could be a sign that fewer people are buying, selling, or transferring #DOGE, possibly due to reduced interest or confidence in it! pic.twitter.com/SiKNxx4FhN

#Dogecoin 的交易量和鲸鱼交易数量正在减少，这通常表明交易活动减少。这可能表明购买、出售或转让#DOGE 的人越来越少，可能是因为对其兴趣或信心下降！ pic.twitter.com/SiKNxx4FhN

— Ali (@ali_charts) February 12, 2024

— 阿里 (@ali_charts) 2024 年 2 月 12 日

Over the past few years, Dogecoin has seen limited volatility in its price action, with visible ticks generally in favor of market bears. Dogecoin has unique strength, based on the actions of its whales, which might spell worse results for the coin moving forward.

在过去的几年中，狗狗币的价格走势波动有限，明显的变动通常有利于市场空头。基于鲸鱼的行为，狗狗币具有独特的优势，这可能会给狗狗币的发展带来更糟糕的结果。

Potential Dogecoin turnaround

狗狗币的潜在转变

Dogecoin is seeing an unimpressive trend overall, and this might be the result of a lack of attractive growth trends in the protocol overall. With no innovations, investors are poised to become tired of speculations, and this might be the current bane of the coin at the moment.

狗狗币的整体趋势并不令人印象深刻，这可能是由于协议整体缺乏有吸引力的增长趋势的结果。如果没有创新，投资者就会厌倦投机，这可能是目前加密货币的祸根。

Flipping one another is a key trend in the Web3 ecosystem, and displaced tokens typically restrategize to reboot their growth fundamentals. For now, the only visible Dogecoin ecosystem activity is the forthcoming Doge-1 space mission, which notably will not impact the ecosystem much beyond the hype.

相互翻转是 Web3 生态系统的一个关键趋势，被取代的代币通常会重新制定战略以重启其增长基本面。目前，唯一可见的狗狗币生态系统活动是即将到来的 Doge-1 太空任务，值得注意的是，除了炒作之外，它不会对生态系统产生太大影响。

Unless a drastic revamp is conducted by DOGE developers, other rival meme coins may lead in adoption over time.

除非 DOGE 开发者进行彻底的改造，否则随着时间的推移，其他竞争对手的模因币可能会率先采用。