Dogecoin Surpasses Porsche in Market Cap, Fuelled by Musk Endorsements and ETP Launch

在马斯克的支持和 ETP 推出的推动下，狗狗币市值超越保时捷

Dogecoin (DOGE) has surged over 175% in the past month, reaching a market capitalization of over $57.8 billion, surpassing luxury automaker Porsche's $56.1 billion market cap.

狗狗币（DOGE）在过去一个月飙升超过 175%，市值超过 578 亿美元，超过豪华汽车制造商保时捷 561 亿美元的市值。

Dogecoin's Momentum

狗狗币的势头

Dogecoin's bullish momentum this year has been largely attributed to continued social media endorsements from billionaire Elon Musk. Musk's recent involvement in establishing the Department of Government Efficiency (DOGE) has further piqued interest, as the acronym "DOGE" aligns with the memecoin's ticker symbol.

狗狗币今年的看涨势头很大程度上归功于亿万富翁埃隆·马斯克在社交媒体上的持续支持。马斯克最近参与建立政府效率部（DOGE）进一步激起了人们的兴趣，因为首字母缩略词“DOGE”与模因币的股票符号一致。

Other Contributing Factors

其他影响因素

In addition to Musk's endorsements, Dogecoin has benefited from the announcement of the first DOGE-based exchange-traded product (ETP) by Valour, a subsidiary of DeFi Technologies. The launch of this ETP reflects the growing demand for Dogecoin, particularly following the recent U.S. presidential election results.

除了马斯克的背书之外，狗狗币还受益于 DeFi Technologies 子公司 Valour 宣布的首款基于 DOGE 的交易所交易产品（ETP）。该 ETP 的推出反映了对狗狗币不断增长的需求，特别是在最近的美国总统选举结果之后。

Outperforming Porsche

超越保时捷

Dogecoin's market capitalization growth has significantly outpaced Porsche's over the past year. While Dogecoin's market cap rose by over 395%, Porsche's has fallen by over 34%. This decline in Porsche's market cap is primarily attributed to a broader market decline in the automotive sector.

过去一年，狗狗币的市值增长明显超过了保时捷。虽然狗狗币的市值上涨了 395% 以上，但保时捷的市值却下跌了 34% 以上。保时捷市值的下降主要归因于汽车行业整体市场的下滑。

Analysts' Predictions

分析师的预测

Some crypto traders anticipate a potential 1,000% rally in DOGE based on emerging technical chart patterns. According to Trader Tardigrade, Dogecoin is following a historical price trajectory within a Gaussian channel, which indicates potential for significant upward movement.

根据新兴的技术图表模式，一些加密货币交易员预计 DOGE 可能会上涨 1,000%。根据 Trader Tardigrade 的说法，狗狗币遵循高斯通道内的历史价格轨迹，这表明有大幅上涨的潜力。