Amid the ongoing meme coin frenzy, Dogecoin has emerged as the frontrunner, captivating investors with a staggering rally in the DOGE price. The crypto’s recent price surge has solidified its position as a top gainer in the meme coin market.

在持续的模因币热潮中，狗狗币成为领跑者，以狗狗币价格的惊人上涨吸引了投资者。该加密货币最近的价格飙升巩固了其作为模因币市场涨幅最大的地位。

Meanwhile, the jump in its price and market cap has helped it to surpass Cardano (ADA) recently, leaving many intrigued. So, let’s delve into the factors driving Dogecoin’s meteoric rise this week.

与此同时，其价格和市值的上涨帮助其最近超越了卡尔达诺（ADA），引起了许多人的兴趣。那么，让我们深入研究一下推动狗狗币本周迅速上涨的因素。

Why Dogecoin Reigns Supreme Amid Meme Coin Frenzy?

The overall crypto market went through tumultuous trading last week, due to several hovering uncertainties. The significant outflow in the U.S. Spot Bitcoin ETF, the SEC’s investigation on Ethereum’s securities status, and others have dampened the investors’ sentiment.

为什么狗狗币在 Meme 币狂热中称霸？由于一些不确定因素，上周整个加密货币市场经历了动荡的交易。美国现货比特币ETF大幅流出、SEC对以太坊证券状况的调查等都打击了投资者的情绪。

However, despite the looming concerns, Dogecoin has maintained an upward momentum through the week, suggesting the increasing confidence of the investors. Although there could be a flurry of reasons behind the DOGE price rally, let’s look at some key reasons.

然而，尽管担忧迫在眉睫，狗狗币本周仍保持上涨势头，表明投资者的信心不断增强。尽管 DOGE 价格上涨背后可能有一系列原因，但让我们来看看一些关键原因。

Coinbase Announcement Of Dogecoin Futures Listing

Coinbase, the prominent crypto exchange, filed with the CFTC on March 7, to introduce cash-settled futures for Dogecoin (DOGE), Litecoin, and Bitcoin Cash. This move has ignited optimism, particularly among Dogecoin enthusiasts, citing its lasting popularity.

Coinbase 宣布狗狗币期货上市 著名的加密货币交易所 Coinbase 于 3 月 7 日向美国商品期货交易委员会 (CFTC) 提交文件，推出狗狗币 (DOGE)、莱特币和比特币现金的现金结算期货。此举点燃了乐观情绪，特别是在狗狗币爱好者中，理由是其持久的受欢迎程度。

Meanwhile, Coinbase highlights Dogecoin’s long-lasting appeal, attributing its transformation from a meme to a fundamental element in the cryptocurrency industry as a key factor in bolstering market trust. Notably, the exchange aims to launch DOGE futures and other contracts by April 1, emphasizing the growing confidence in Dogecoin’s position.

与此同时，Coinbase 强调了狗狗币的持久吸引力，并将其从迷因到加密货币行业基本要素的转变视为增强市场信任的关键因素。值得注意的是，该交易所计划在 4 月 1 日之前推出 DOGE 期货和其他合约，强调人们对狗狗币地位的信心不断增强。

Elon Musk’s Recent Comment

In a recent statement, Tesla CEO and X owner Elon Musk hinted at the potential of Dogecoin as a payment option for Tesla cars, stirring excitement within the crypto market. Musk’s comment, reported by CoinGape Media in mid-March, has fueled speculation and optimism among investors.

埃隆·马斯克 (Elon Musk) 最近的评论在最近的一份声明中，特斯拉首席执行官兼 X 所有者埃隆·马斯克 (Elon Musk) 暗示了狗狗币作为特斯拉汽车支付选项的潜力，激起了加密市场的兴奋。 CoinGape Media 三月中旬报道了马斯克的言论，引发了投资者的猜测和乐观情绪。

Meanwhile, Elon Musk has also promoted the meme-coin earlier and is known for his support of the crypto. Considering, the world’s richest man’s interest in Dogecoin signals a potential significant development in its adoption, further solidifying its position in the cryptocurrency landscape.

与此同时，埃隆·马斯克(Elon Musk)也早些时候推广了模因币，并以对加密货币的支持而闻名。考虑到，世界首富对狗狗币的兴趣标志着其采用可能出现重大发展，进一步巩固了其在加密货币领域的地位。

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X Securing More Payment Licenses In the US

X Payments, led by Elon Musk, secures three additional money transmitter licenses across US states this week, insiders reveal. Now licensed in 22 states, X Payments aims to roll out payment features this year.

X 获得更多支付许可证 内部人士透露，由埃隆·马斯克 (Elon Musk) 领导的 USX Payments 本周在美国各州获得了另外三个货币传输许可证。 X Payments 现已在 22 个州获得许可，计划于今年推出支付功能。

Notably, Musk previously hinted at mid-2024 for payment features to go live during a discussion with Ark Invest CEO Cathie Wood. However, following the recent announcement, the Dogecoin price surged, reflecting Musk’s influence. In addition, speculations arise on Dogecoin potentially becoming a payment option on X, marking another milestone for the cryptocurrency.

值得注意的是，马斯克此前在与 Ark Invest 首席执行官 Cathie Wood 的讨论中暗示，支付功能将于 2024 年中期上线。然而，在最近的声明发布后，狗狗币的价格飙升，反映出马斯克的影响力。此外，人们猜测狗狗币可能成为 X 上的支付选项，这标志着加密货币的另一个里程碑。

Soaring Whale Activity

The Dogecoin price’s recent rally gained momentum as prominent crypto analyst Ali Martinez reported significant whale activity. On March 21, Martinez highlighted that Dogecoin whales purchased 25 million DOGE over 72 hours, amounting to approximately $3.75 million.

翱翔的鲸鱼活动随着著名加密货币分析师阿里·马丁内斯报告了鲸鱼的大量活动，狗狗币价格最近的上涨势头增强。 3 月 21 日，马丁内斯强调，狗狗币鲸鱼在 72 小时内购买了 2500 万个 DOGE，价值约 375 万美元。

Meanwhile, these substantial purchases indicate growing investor confidence in Dogecoin, contributing to its upward trajectory. Whale movements, coupled with positive developments, have bolstered interest and propelled Dogecoin’s value in the crypto market.

资料来源：Ali Martinez，X 同时，这些大量购买表明投资者对狗狗币的信心不断增强，从而推动了其上升轨迹。鲸鱼的活动加上积极的发展，增强了人们的兴趣并推动了狗狗币在加密市场的价值。

Bottom line

Dogecoin’s recent rally indicates a bullish sentiment, with its Open Interest (OI) surging significantly. CoinGlass data reveals a remarkable 11.69% increase in Dogecoin OI over the past 24 hours, reaching $1.35 billion, demonstrating heightened market interest.

底线狗狗币最近的上涨表明了看涨情绪，其未平仓合约（OI）大幅飙升。 CoinGlass 数据显示，狗狗币 OI 在过去 24 小时内大幅增长 11.69%，达到 13.5 亿美元，表明市场兴趣浓厚。

Meanwhile, top crypto exchanges like Binance and Bybit witnessed substantial OI spikes over the last 24 hours with jumps of 12.96% and 11.03%, respectively. In addition, despite volatile trading in meme coins, the Dogecoin price’s significant surge over the past week underscores growing investor confidence in this leading meme coin.

与此同时，Binance 和 Bybit 等顶级加密货币交易所的 OI 在过去 24 小时内大幅飙升，分别上涨 12.96% 和 11.03%。此外，尽管模因币的交易波动较大，但狗狗币价格在过去一周的大幅上涨凸显了投资者对这种领先的模因币的信心不断增强。

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