Dogecoin Price Declines Amidst User Exodus

狗狗币价格因用户流失而下跌

Dogecoin's price experienced a setback on Tuesday, erasing gains from Monday's rally. On-chain metrics from Santiment indicate a significant decline in Dogecoin holders, with an estimated 106,600 non-empty wallets disappearing since October 8.

狗狗币的价格周二遭遇挫折，抹去了周一上涨的涨幅。 Santiment 的链上指标显示狗狗币持有者大幅减少，自 10 月 8 日以来估计有 106,600 个非空钱包消失。

Dogecoin Price Overvaluation Signals

狗狗币价格高估信号

Santiment's data reveals that the number of active Dogecoin addresses reached a six-month high of 133,880 on October 10. However, at the time of writing, Dogecoin's price has fallen by 2.5% to $0.1131, accompanied by a sharp decrease in active addresses, suggesting a substantial drop in user activity.

Santiment 的数据显示，10 月 10 日，狗狗币活跃地址数量达到 133,880 个六个月高点。然而，截至撰写本文时，狗狗币价格已下跌 2.5% 至 0.1131 美元，同时活跃地址也急剧下降，这表明狗狗币的价格已下跌 2.5%，至 0.1131 美元。用户活跃度大幅下降。

User Disappointment and Exodus

用户失望和流失

"Dogecoin holders are disappearing rapidly," analysts say. "Since October 8, there has been a net reduction of around 106,600 non-empty DOGE wallets. Users are expressing disappointment with the performance of the largest meme coin and are seeking alternative investments."

“狗狗币持有者正在迅速消失，”分析师表示。 “自 10 月 8 日以来，非空 DOGE 钱包净减少了约 106,600 个。用户对最大的 meme 代币的表现表示失望，并正在寻求替代投资。”

Market Analysts' Outlook

市场分析师的展望

Despite the recent decline, market analysts have identified the $0.20 price level as a potential target for Dogecoin. Encouraging trends in the market suggest the possibility of an upward movement. Currently, Dogecoin is trading at $0.113 with a trading volume surge of over 100%, which could provide the impetus for a price recovery.

尽管最近有所下跌，但市场分析师仍将 0.20 美元的价格水平视为狗狗币的潜在目标。令人鼓舞的市场趋势表明上涨的可能性。目前，狗狗币交易价格为0.113美元，交易量激增超过100%，这可能为价格回升提供动力。

Moderate Growth Projections for 2024, Potential for Significant Gains in 2025

2024 年增长预测温和，2025 年有望大幅增长

Based on the anticipated recovery of the overall cryptocurrency market in 2024, Dogecoin's price is projected to experience moderate growth between $0.12 and $0.25. While market consolidation may limit growth, positive sentiment and community support could drive prices higher.

In 2025, with an improved bull market and technological advancements, Dogecoin's value could witness substantial appreciation, with predictions ranging from $0.22 to $0.50. This growth would be fueled by increased adoption, momentum, and partnerships driving demand and price movements.

到 2025 年，随着牛市的改善和技术的进步，狗狗币的价值可能会大幅升值，预测范围为 0.22 美元至 0.50 美元。这种增长将由推动需求和价格变动的采用率、动力和合作伙伴关系的增加所推动。

Conclusion

结论

While the recent decline in Dogecoin holders and the MVRV metric's overvaluation signal remain concerns, market conditions and potential developments offer some optimism for future price movements.

虽然最近狗狗币持有量的下降和 MVRV 指标的高估信号仍然令人担忧，但市场状况和潜在发展为未来的价格走势带来了一些乐观情绪。