Dogecoin, the popular meme-inspired cryptocurrency, saw its price decline 1.59% over the past 24 hours to $0.06052. This price drop comes amid a period of sideways trading for Dogecoin, which has struggled to gain momentum over the past month.

狗狗币是一种受流行迷因启发的加密货币，其价格在过去 24 小时内下跌 1.59%，至 0.06052 美元。这次价格下跌是在狗狗币横盘交易期间发生的，狗狗币在过去一个月一直难以获得动力。

With a market capitalization of $8.55 billion, Dogecoin remains one of the top 10 largest cryptocurrencies by market cap. However, its trading volume over the past 24 hours was just $103.98 million, which is relatively low compared to other major cryptos.

狗狗币的市值为 85.5 亿美元，仍然是市值排名前 10 位的加密货币之一。然而，其过去24小时的交易量仅为1.0398亿美元，与其他主要加密货币相比相对较低。

Analyzing the percentage changes across different timeframes provides further insights into Dogecoin's recent price action:

分析不同时间范围内的百分比变化可以进一步了解狗狗币最近的价格走势：

• Over the past hour, Dogecoin's price dropped 0.26%. This indicates some minor near-term selling pressure.

过去一小时，狗狗币价格下跌 0.26%。这表明近期存在一些轻微的抛售压力。

• Over the past 7 days, Dogecoin is down 3.02%. This shows the coin has been steadily declining over the past week.

过去 7 天，狗狗币下跌 3.02%。这表明代币在过去一周一直在稳步下跌。

• The monthly performance shows a 2.98% loss, evidencing the sideways trading pattern seen over the past few weeks.

月度表现显示 2.98% 的损失，证明了过去几周的横盘交易模式。

• Over the past 6 months, Dogecoin has plunged 18.33%. This highlights the broader downtrend Dogecoin has been stuck in so far in 2022 amid the ongoing crypto bear market.

过去 6 个月，狗狗币暴跌 18.33%。这凸显了在持续的加密货币熊市中，狗狗币在 2022 年迄今为止一直处于更广泛的下行趋势。

So what's behind this sideways price action and inability for Dogecoin to gain upside momentum? There are a few key factors at play:

那么，价格横盘走势和狗狗币无法获得上涨动力的背后是什么？有几个关键因素在起作用：

What's Causing the Lackluster Price Action?

是什么导致价格走势低迷？

The broader crypto market downturn in 2022 has weighed on sentiment and prices across many altcoins, including Dogecoin. With Bitcoin down 60% year-to-date, most cryptocurrencies have struggled to make headway as macroeconomic conditions have deteriorated.

2022 年加密货币市场更广泛的低迷影响了包括狗狗币在内的许多山寨币的情绪和价格。比特币今年迄今已下跌 60%，随着宏观经济状况恶化，大多数加密货币都难以取得进展。

High inflation and rising interest rates have pushed investors towards safer assets, draining speculative investments like cryptocurrencies of liquidity in 2022. Without a supportive macro backdrop, it's been difficult for Dogecoin to sustain any rally attempts.

高通胀和不断上升的利率促使投资者转向更安全的资产，从而在 2022 年耗尽了加密货币等投机性投资的流动性。如果没有宏观背景的支持，狗狗币很难维持任何反弹尝试。

In addition, Dogecoin lacks the real-world utility and adoption seen in other top cryptocurrencies like Ethereum. As a meme coin created as a joke, Dogecoin doesn't have substantial fundamental value drivers. This makes it especially vulnerable during periods of risk-off sentiment.

此外，狗狗币缺乏以太坊等其他顶级加密货币所具有的现实实用性和采用率。作为一种作为笑话而创建的模因硬币，狗狗币没有实质性的基本价值驱动因素。这使得它在避险情绪时期尤其脆弱。

What's the Outlook for Dogecoin for the Rest of 2022 and 2023?

狗狗币 2022 年剩余时间和 2023 年的前景如何？

Given the headwinds facing both Dogecoin and the broader crypto market, it's unlikely Dogecoin will be able to breakthrough its sideways trading pattern over the remainder of 2022. Without a significant improvement in macroeconomic conditions or sentiment, further downside is more likely.

考虑到狗狗币和更广泛的加密市场面临的逆风，狗狗币不太可能在 2022 年剩余时间内突破其横盘交易模式。如果宏观经济状况或情绪没有显着改善，则更有可能进一步下跌。

However, there are some potential catalysts on the horizon that could benefit Dogecoin in 2023:

然而，一些潜在的催化剂可能会让狗狗币在 2023 年受益：

• The Dogecoin Foundation has been ramping up development efforts to improve the blockchain's capabilities. Upgrades like reduced transaction fees could improve utility.

狗狗币基金会一直在加大开发力度，以提高区块链的功能。降低交易费用等升级可以提高效用。

• Elon Musk’s Twitter acquisition could be a positive, as he has previously voiced support for Dogecoin and proposed accepting it for payments.

埃隆·马斯克 (Elon Musk) 收购 Twitter 可能是一个积极因素，因为他此前曾表示支持狗狗币，并提议接受狗狗币作为付款方式。

• Broader retail interest in Dogecoin remains strong, so any upturn in sentiment could spark rallies. The crypto bear market can't last forever.

更广泛的散户对狗狗币的兴趣仍然强劲，因此任何情绪的好转都可能引发反弹。加密熊市不可能永远持续下去。

Overall, Dogecoin is likely to remain correlated with the overall crypto market direction for now. But 2023 could see Dogecoin finally break out of its rut if conditions improve and bullish sentiment returns. Periods of consolidation ultimately set the stage for the next major advance, so more patient investors may be rewarded long-term.

总体而言，狗狗币目前可能仍与整体加密货币市场方向保持相关性。但如果情况改善且看涨情绪回归，到 2023 年狗狗币可能最终会打破常规。整合期最终为下一次重大进步奠定了基础，因此更多耐心的投资者可能会获得长期回报。

Will Meme Coins Like Dogecoin Stand the Test of Time?

像狗狗币这样的模因币能经受住时间的考验吗？

Meme coins like Dogecoin face substantial skepticism about their long-term viability and role in the crypto space. Created as jokes or to capitalize on hype, meme coins lack the real-world utility that gives cryptocurrencies like Ethereum inherent value.

像狗狗币这样的模因币，其长期生存能力和在加密货币领域的作用面临着严重怀疑。模因币是作为笑话或利用炒作而创建的，缺乏赋予以太坊等加密货币内在价值的现实实用性。

However, Dogecoin has shown impressive resilience and has maintained a top 10 market cap position. This suggests that meme coins can carve out a niche over the long-term, despite their inherent limitations. A few factors contributing to Dogecoin's staying power include:

然而，狗狗币表现出了令人印象深刻的弹性，并一直保持着市值前十的位置。这表明，尽管模因币有其固有的局限性，但从长远来看，它可以开拓出一个利基市场。有助于狗狗币持久力的一些因素包括：

• Strong brand awareness and marketing: Dogecoin's meme origins tapped into online culture and spread rapidly. This grassroots adoption makes it recognizable even outside of crypto-native circles.

强大的品牌知名度和营销能力：狗狗币的模因起源融入了网络文化并迅速传播。这种草根采用使其即使在加密货币原生圈子之外也能被认可。

• Backing of prominent figures like Elon Musk: High-profile evangelists lend legitimacy and give coins like Dogecoin momentum during hype cycles.

支持埃隆·马斯克等知名人物：高调的布道者提供了合法性，并在炒作周期中为狗狗币等代币提供了动力。

• Speculative appeal: Meme coins are attractive "lottery tickets" during bull markets due to potential for explosive gains. This speculative allure keeps them relevant.

投机吸引力：由于具有爆炸性收益的潜力，Meme 币在牛市期间是有吸引力的“彩票”。这种投机的吸引力使它们保持相关性。

While Dogecoin lacks robust fundamentals, it shouldn't be underestimated given its brand recognition and appeal amongst the retail masses. But long-term viability likely hinges on development efforts translating into greater utility and real-world use cases. Without that, meme status can only take Dogecoin so far.

虽然狗狗币缺乏稳健的基本面，但鉴于其在零售大众中的品牌认知度和吸引力，不应低估它。但长期可行性可能取决于开发努力转化为更大的效用和现实世界的用例。如果没有这一点，狗狗币的模因地位就只能到此为止。

Can Altcoins Like Dogecoin Decouple From Bitcoin?

像狗狗币这样的山寨币可以与比特币脱钩吗？

Bitcoin remains the dominant force in crypto, and its price gyrations often dictate market-wide sentiment. But there is debate around whether altcoins like Dogecoin can decouple from Bitcoin's movements, especially during bear markets.

比特币仍然是加密货币领域的主导力量，其价格波动往往决定整个市场的情绪。但围绕狗狗币等山寨币是否可以与比特币的走势脱钩，尤其是在熊市期间，存在争议。

On one hand, some level of correlation is inevitable given Bitcoin's status and most altcoin trading pairs still being BTC-based. Major Bitcoin price swings inevitably impact the overall market climate. This centrality makes true decoupling unlikely in the near future.

一方面，考虑到比特币的地位以及大多数山寨币交易对仍然以比特币为基础，一定程度的相关性是不可避免的。比特币价格的重大波动不可避免地会影响整体市场气氛。这种中心地位使得在不久的将来不太可能实现真正的脱钩。

However, some factors may allow altcoins to diverge more from Bitcoin:

然而，一些因素可能会让山寨币与比特币有更大的差异：

• Continued growth of stablecoin and altcoin-based trading pairs like DOGE/USDT on exchanges. This reduces Bitcoin's dominance over liquidity flows.

交易所上 DOGE/USDT 等基于稳定币和山寨币的交易对持续增长。这降低了比特币对流动性的主导地位。

• Fundamental developments like upgrades, product launches and adoption for altcoins. Strong project-specific catalysts can outweigh macro trends.

升级、产品发布和山寨币采用等基本发展。特定项目的强大催化剂可以胜过宏观趋势。

• Increased institutional flow into the altcoin space, rather than just Bitcoin futures ETFs. Broadened focus can lead to differentiation.

增加机构资金流入山寨币领域，而不仅仅是比特币期货 ETF。扩大焦点可以带来差异化。

While Bitcoin and macro factors still drive most price action, idiosyncratic fundamentals and developments could allow leading altcoins like Dogecoin to move more independently long-term. But it’s a gradual process requiring maturation of the overall crypto ecosystem.

虽然比特币和宏观因素仍然推动着大多数价格走势，但特殊的基本面和发展可能会让狗狗币等领先的山寨币能够更加独立地长期走势。但这是一个渐进的过程，需要整个加密生态系统的成熟。