• Interest in Dogecoin fell despite the crypto market cap increase to $1.75 trillion.

尽管加密货币市值增至 1.75 万亿美元，但人们对狗狗币的兴趣却下降了。

• DOGE’s price might not hit $0.090 anytime soon.

DOGE 的价格可能不会很快达到 0.090 美元。

The total crypto market cap jumped by 3.95% in the last 24 hours, thanks to the fuel provided by price jumps. Out of the top 10 cryptocurrencies, Dogecoin [DOGE] was one of those with a small price increase, AMBCrypto observed.

在价格上涨的推动下，加密货币总市值在过去 24 小时内上涨了 3.95%。 AMBCrypto 观察到，在十大加密货币中，狗狗币 [DOGE] 是价格小幅上涨的加密货币之一。

At press time, DOGE’s price was $0.08, and its market cap was $11.66 billion.

截至发稿，DOGE 股价为 0.08 美元，市值为 116.6 亿美元。

In the meantime, DOGE might continue to trade sideways. This was because the broader market interest in the coin was waning. It was also the same situation with Ethereum [ETH], according to data from Santiment.

与此同时，DOGE 可能会继续横向交易。这是因为更广泛的市场对代币的兴趣正在减弱。根据 Santiment 的数据，以太坊 [ETH] 的情况也相同。

One metric that gives an idea of market interest is the social volume.

衡量市场兴趣的一个指标是社交量。

Like the social volume, the Weighted Sentiment also tells when the market is bullish or bearish about a project.

与社交量一样，加权情绪也表明市场何时看涨或看跌某个项目。

At press time, Dogecoin’s Weighted Sentiment was -0.863.  Weighted Sentiment spikes when the social volume is very high and most messages around a cryptocurrency are positive.

截至发稿时，狗狗币的加权情绪为-0.863。当社交量非常高并且大多数有关加密货币的消息都是积极的时，加权情绪就会飙升。

If Bitcoin rises, DOGE bleeds

如果比特币上涨，DOGE 就会流血

But as of this writing, the metric was negative. This indicates that most of the texts regarding DOGE were pessimistic. This was also evident in the social volume. On the 5th of February, Dogecoin’s social volume was high, the same as on the 7th of February.

但截至撰写本文时，该指标为负。这表明大多数有关 DOGE 的文本都是悲观的。这一点在社交量上也很明显。 2月5日，狗狗币社交量较高，与2月7日持平。

However, the metric at press time dropped, indicating that the search for DOGE throughout social media has been unimpressive. Should this remain the same, participants might not experience a surge in the memecoin’s price in the short term.

然而，截至发稿时该指标有所下降，表明社交媒体上对 DOGE 的搜索量并不令人印象深刻。如果这种情况保持不变，参与者可能不会在短期内经历模因币价格的飙升。

Source: Santiment

资料来源：Santiment

As things stand, DOGE might continue to consolidate irrespective of Bitcoin’s [BTC] price action. Previously, the correlation between BTC and DOGE was a solid one. However, AMBCrypto’s assessment of the 90-day correlation showed that the coins were inversely correlated.

就目前情况而言，无论比特币 [BTC] 的价格走势如何，DOGE 都可能会继续整合。此前，BTC 和 DOGE 之间的相关性很强。然而，AMBCrypto 对 90 天相关性的评估表明，这些代币呈负相关。

Should you look at other options?

您应该考虑其他选择吗？

According to Macroaxis, the three-month correlation coefficient between DOGE and BTC was 0.46. If the coefficient is close to 1, it implies that both cryptocurrencies follow a similar direction. On the other hand, a correlation coefficient close to zero or -1 suggests otherwise.

根据 Macroaxis 的数据，DOGE 与 BTC 之间的三个月相关系数为 0.46。如果系数接近 1，则意味着两种加密货币遵循相似的方向。另一方面，相关系数接近于零或-1则表明情况并非如此。

For example, if you invested some capital into Bitcoin 90 days ago, you would have made 27.48% in gains. But if you chose to go with Dogecoin, the investment would have yielded a little over 2% in profit.

例如，如果您在 90 天前将一些资金投入比特币，您将获得 27.48% 的收益。但如果您选择狗狗币，则投资将产生略高于 2% 的利润。

Source: Macroaxis

来源：Macroaxis

This hypothesis also infers that DOGE has become less volatile compared to BTC. A look at the DOGE/USD 4-hour chart confirms the lack of volatility as the Bollinger Bands (BB) contracted. In the short term, DOGE’s price might not rise higher the $0.085.

这一假设还表明，与 BTC 相比，DOGE 的波动性较小。 DOGE/USD 4 小时图表证实了布林带 (BB) 收缩，缺乏波动性。短期内，DOGE 的价格可能不会升至 0.085 美元以上。

Read Dogecoin’s [DOGE] Price Prediction 2024-2025

阅读狗狗币 [DOGE] 2024-2025 年价格预测

Furthermore, the Accumulation/Distribution (A/D) line also showed that participants were not buying the coin. In a situation like this, Dogecoin might keep consolidating.

此外，累积/分配（A/D）线还表明参与者没有购买代币。在这种情况下，狗狗币可能会继续整合。

Should bulls come to its aid, the coin price might rise to $0.090. However, indications from the technical evaluation revealed that the potential rise was unlikely in the short term.

如果多头伸出援助之手，代币价格可能会上涨至 0.090 美元。然而，技术评估显示，短期内上涨的可能性不大。

Source: TradingView

来源：TradingView