As we enter 2024, the cryptocurrency market is still very interesting and has the potential to change a lot. One particular digital currency, Dogecoin, which started as a joke, is liked by many investors and fans. Let’s see what might happen to Dogecoin this year by looking at some predictions and the current market information. Let’s take a look at this Dogecoin price prediction article in more detail.

进入 2024 年，加密货币市场仍然非常有趣，并且有可能发生很大变化。狗狗币（Dogecoin）是一种特殊的数字货币，最初只是一个笑话，但受到许多投资者和粉丝的喜爱。让我们通过一些预测和当前的市场信息来看看狗狗币今年会发生什么。让我们更详细地看一下这篇狗狗币价格预测文章。

As of now, the price of Dogecoin is $0.083433, and it has had a trading volume of $1.64 billion in the last 24 hours. The market cap of Dogecoin is $11.91 billion, and its market dominance is 0.73%. In the past day, the price of Dogecoin decreased by 4.25%.

截至目前，狗狗币的价格为 0.083433 美元，过去 24 小时内的交易量为 16.4 亿美元。狗狗币市值为119.1亿美元，市场主导地位为0.73%。过去一天，狗狗币价格下跌4.25%。

The highest price Dogecoin ever reached was on May 8, 2021, at $0.738595, while its lowest price was on May 7, 2015, at $0.00008547. After reaching its all-time high, the lowest price dropped to $0.049701 (cycle low), and the highest price since then was $0.156883 (cycle high). Currently, the sentiment for Dogecoin’s price prediction is neutral, and the Fear & Greed Index shows a value of 55, indicating greed.

狗狗币的最高价格是在 2021 年 5 月 8 日达到的，为 0.738595 美元，而最低价格是在 2015 年 5 月 7 日，为 0.00008547 美元。在达到历史高点后，最低价格跌至 0.049701 美元（周期低点），此后最高价格为 0.156883 美元（周期高点）。目前，狗狗币的价格预测情绪为中性，恐惧与贪婪指数显示值为 55，表明贪婪。

The total circulating supply of Dogecoin is 142.75 billion DOGE. The yearly supply inflation rate is 7.60%, resulting in the creation of 10.08 billion DOGE in the last year. In terms of market cap ranking, Dogecoin is positioned at #2 in the Proof-of-Work Coins sector, #1 in the Meme Coins sector, and #7 in the Layer 1 sector.

狗狗币的总流通量为 1427.5 亿 DOGE。年供应通胀率为 7.60%，去年创造了 100.8 亿个 DOGE。就市值排名而言，狗狗币在工作量证明币领域排名第 2，在 Meme 币领域排名第 1，在第 1 层领域排名第 7。

Why is the DOGE Price fluctuating?

为什么DOGE价格波动？

Dogecoin’s price went up, and it seems connected to what Elon Musk’s company X is doing. They’ve introduced something called the “Payments” account, which is a big step in X’s plan to bring new ideas to the financial technology world. This move is all about making digital transactions easier and better, with a focus on creating payment solutions that are easy for users and also very safe.

狗狗币的价格上涨，这似乎与埃隆·马斯克的 X 公司正在做的事情有关。他们推出了一种名为“支付”账户的东西，这是 X 计划为金融技术世界带来新想法的一大进步。此举旨在让数字交易变得更容易、更好，重点是创建对用户来说简单且非常安全的支付解决方案。

Although the exact information about how cryptocurrencies will be included in X’s “Payments” account is not known yet, the fact that Dogecoin’s price went up right after this announcement has sparked curiosity and discussion among investors and analysts. 

尽管目前尚不清楚加密货币将如何计入 X 的“付款”账户的确切信息，但狗狗币的价格在这一消息公布​​后立即上涨，引发了投资者和分析师的好奇和讨论。

This is especially interesting because Elon Musk has a history of supporting Dogecoin, even more than other well-known cryptocurrencies like Bitcoin. Given Musk’s influence in the cryptocurrency world and his connection to X, many people are speculating that Dogecoin could have a role in this new payment system.

这尤其有趣，因为埃隆·马斯克（Elon Musk）有着支持狗狗币的历史，甚至比比特币等其他知名加密货币还要多。鉴于马斯克在加密货币世界的影响力以及他与 X 的联系，许多人猜测狗狗币可能会在这个新的支付系统中发挥作用。

As mentioned above, the price of Dogecoin is $0.083333. Over the past 24 hours, it had a trading volume of $1.63 billion, and its market cap is $11.90 billion, representing 0.73% of the total cryptocurrency market. Yet, in the last 24 hours, the price of Dogecoin has decreased by 4.46%.

如上所述，狗狗币的价格为 0.083333 美元。过去24小时，其交易量为16.3亿美元，市值为119亿美元，占加密货币市场总额的0.73%。然而，在过去24小时内，狗狗币的价格下跌了4.46%。

Dogecoin Price Prediction: Is DOGE Set to explode?

狗狗币价格预测：DOGE 会爆炸吗？

Despite Dogecoin (DOGE) currently trading above the 200-day simple moving average and maintaining high liquidity, as indicated by its substantial market capitalization, its performance metrics present a mixed picture. Over the past year, the DOGE price has experienced a decline of -2%, showcasing a lackluster trend. 

尽管狗狗币 (DOGE) 目前的交易价格高于 200 天简单移动平均线，并保持高流动性（正如其庞大的市值所表明的那样），但其业绩指标却呈现出喜忧参半的情况。过去一年，DOGE价格下跌了-2%，走势平淡。

Furthermore, DOGE has been outperformed by 73% of the top 100 cryptocurrencies during this period, indicating a relative underperformance within the broader market. 

此外，在此期间，DOGE 的表现优于前 100 名加密货币中的 73%，这表明在更广泛的市场中表现相对较差。

Notably, both Bitcoin and Ethereum have outshone Dogecoin, contributing to its lower comparative standing. The limited number of positive price movements, with only 13 green days in the last 30 days, highlights a prevailing bearish sentiment. 

值得注意的是，比特币和以太坊的表现都超过了狗狗币，导致其相对地位较低。价格积极走势的数量有限，过去 30 天内只有 13 个绿色日，凸显了普遍的看跌情绪。

Additionally, Dogecoin is currently down -89% from its all-time high, suggesting a significant retracement. The yearly inflation rate of 7.60% introduces an element of supply-side pressure that could impact the coin’s value over time. 

此外，狗狗币目前较历史高点下跌了-89%，表明出现了大幅回调。 7.60% 的年通胀率带来了供应方压力，随着时间的推移，可能会影响代币的价值。

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