You can also read this news on BH NEWS: How Did Dogecoin Become a Major Crypto Player?

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Dogecoin, the meme-based cryptocurrency, is celebrating its 11th anniversary, solidifying its position within the crypto landscape since its inception on December 6, 2013. Initially conceived as a joke by software developers Billy Markus and Jackson Palmer, Dogecoin has unexpectedly risen to prominence, now ranking seventh with a market capitalization surpassing $62 billion.

狗狗币是一种基于 meme 的加密货币，正在庆祝其诞生 11 周年，巩固了其自 2013 年 12 月 6 日诞生以来在加密货币领域的地位。最初被软件开发人员比利·马库斯 (Billy Markus) 和杰克逊·帕尔默 (Jackson Palmer) 视为一个笑话，狗狗币出人意料地声名鹊起。目前排名第七，市值超过 620 亿美元。

What Factors Fuel Dogecoin’s Popularity?

哪些因素推动了狗狗币的流行？

Launched as a parody of Bitcoin, Dogecoin has attracted significant attention over the years, thanks in part to endorsements from notable figures. Despite its humorous origins, the cryptocurrency has maintained a steady increase in market value, cultivating a loyal user base.

狗狗币作为比特币的模仿品而推出，多年来引起了极大的关注，这在一定程度上要归功于知名人士的认可。尽管其起源很幽默，但这种加密货币的市场价值一直保持稳定增长，培养了忠实的用户群。

How Do Recent Developments Impact Dogecoin?

最近的发展如何影响狗狗币？

Market trends suggest that the price of DOGE is poised for an upswing. Historical patterns indicate that significant milestones typically trigger price hikes, correlated with increased interest and transaction volumes.

市场趋势表明 DOGE 的价格有望上涨。历史模式表明，重大里程碑通常会引发价格上涨，与兴趣和交易量的增加相关。

Dogecoin’s 11-year journey has transformed it from a joke into a serious market contender.

狗狗币经过 11 年的历程，已经从一个笑话变成了一个严肃的市场竞争者。

Revitalization efforts by the Dogecoin Foundation aim to improve scalability and usability.

狗狗币基金会的振兴工作旨在提高可扩展性和可用性。

High-profile endorsements, particularly from Elon Musk, are enhancing Dogecoin’s visibility and potential.

高调的认可，尤其是埃隆·马斯克的认可，正在增强狗狗币的知名度和潜力。

At present, DOGE is trading at approximately $0.43, experiencing a minor decline of 0.63% in the last 24 hours but reflecting a 3% weekly gain. Observers believe that the combination of anniversary celebrations and robust market fundamentals may sustain an upward trajectory for DOGE’s price.

目前，DOGE 的交易价格约为 0.43 美元，过去 24 小时小幅下跌 0.63%，但每周上涨 3%。观察人士认为，周年庆典和强劲的市场基本面相结合可能会维持 DOGE 价格的上涨轨迹。

Continue Reading: How Did Dogecoin Become a Major Crypto Player?

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