Dogecoin: Hold or Fold in the Current Market?

狗狗币：在当前市场中持有还是弃牌？

Despite reigning as the "meme king" for over a decade, Dogecoin has faced an unexpected downturn this year. Solana meme coins have surged in popularity, outperforming Dogecoin and other dog-themed tokens. As Dogecoin struggles to regain its footing, the question arises: is it a wise investment to hold onto for the upcoming bull cycle?

尽管狗狗币统治了十多年，但今年却遭遇了意想不到的低迷。 Solana 模因币的受欢迎程度飙升，表现优于狗狗币和其他以狗为主题的代币。当狗狗币努力重新站稳脚跟时，问题出现了：在即将到来的牛市周期中持有它是明智的投资吗？

Dogecoin's Price Performance

狗狗币的价格表现

At the time of writing, Dogecoin is trading at $0.09699, having experienced a 13.5% decline in the past 24 hours. Its downward trend began in late May, with a brief period of consolidation between June 20 and July 2. However, increased selling pressure amid the market crash has pushed the DOGE price down to its current level.

截至撰写本文时，狗狗币的交易价格为 0.09699 美元，在过去 24 小时内下跌了 13.5%。其下跌趋势始于5月下旬，并在6月20日至7月2日期间短暂盘整。然而，市场崩盘期间抛售压力增加，导致DOGE价格跌至目前水平。

Dogecoin is currently at its lowest point in four months, last seen in late February before the March rally. At that time, the price rose to a two-and-a-half-year high of $0.2201.

狗狗币目前处于四个月以来的最低点，最后一次出现在三月反弹之前的二月底。当时，价格上涨至两年半高点0.2201美元。

Dogecoin's Future Prospects

狗狗币的未来前景

The current market conditions appear unfavorable for Dogecoin, with aggressive selling activity. Whales have also entered the fray, exacerbating the situation. Recently, a crypto whale sold 400 million DOGE (approximately $41.08 million) on the Binance Exchange.

当前的市场状况似乎对狗狗币不利，抛售活动十分活跃。鲸鱼也加入了战斗，加剧了局势。最近，一头加密鲸鱼在币安交易所出售了 4 亿枚 DOGE（约合 4108 万美元）。