Dogecoin (DOGE) is down sharply on Wednesday, with the price having dipped around 10% over the past 24 hours, in line with a broader sell-off witnessed across the crypto market.

狗狗币 (DOGE) 周三大幅下跌，价格在过去 24 小时内下跌了约 10%，与整个加密货币市场出现的更广泛的抛售一致。

Fears that the US SEC might not approve spot Bitcoin ETFs in the very near-future have triggered frenzied trading conditions – Dogecoin has seen spot trading volumes of around $1 billion across major exchanges so far on Wednesday as per Yahoo, the highest since December the 11th.

对美国 SEC 可能不会在不久的将来批准现货比特币 ETF 的担忧引发了疯狂的交易状况——根据雅虎的数据，截至周三，狗狗币在主要交易所的现货交易量已达到约 10 亿美元，这是自 12 月 11 日以来的最高水平。

Having started the day above $0.09, Dogecoin dipped as low as the $0.076s, but has since recovered to around $0.082.

狗狗币开盘价高于 0.09 美元，最低跌至 0.076 美元，但此后已恢复至 0.082 美元左右。

The violent drop saw leveraged Dogecoin long futures positions worth nearly $10 million wiped out on Monday, the highest one-day-long liquidation event in over three months, as per coinglass.com.

据 coinglass.com 报道，周一的剧烈下跌导致价值近 1000 万美元的杠杆狗狗币多头期货头寸被清空，这是三个多月以来最高的单日清算事件。

狗狗币期货清算 / 来源：Coinglass

Price Prediction – More Downside for Dogecoin (DOGE)?

价格预测——狗狗币（DOGE）还有更多下行空间吗？

Dogecoin’s latest price drop confirms bearish price formations that been flashing warning signs in recent days.

狗狗币的最新价格下跌证实了最近几天一直闪烁着警告信号的看跌价格形态。

Firstly, since peaking in price in December, Dogecoin has been consolidating within a bearish descending triangle patter.

首先，自 12 月价格见顶以来，狗狗币一直在看跌下降三角形格局中盘整。

Secondly, Dogecoin broke below an uptrend that had been in play since October just before the end of 2024.

其次，狗狗币在 2024 年底前跌破了自 10 月以来一直存在的上升趋势。

Wednesday’s big drop below key short-term support in the $0.088 area confirmed that the near-term technical bias is likely to be bearish.

周三大幅跌破 0.088 美元区域的关键短期支撑位，证实了近期技术面可能看跌。

DOGE could well be in for more downside and near-term price predictions may remain bearish.

狗狗币很可能会面临更多的下行空间，近期价格预测可能仍然看跌。

狗狗币 (DOGE) 图表 / 来源：TradingView

Can Dogecoin Hit $1 in 2024?

狗狗币 2024 年能达到 1 美元吗？

While Dogecoin’s very short-term outlook might be ugly, thanks mostly to technicals, assuming that the broader crypto bull market remains in flow, and dips probably won’t last too long or be too deep.

虽然狗狗币的短期前景可能很糟糕，但这主要归功于技术面，假设更广泛的加密货币牛市仍在流动，并且下跌可能不会持续太久或太深。

Indeed, as risk appetite across the crypto market increases this year amid spot crypto ETF approvals and a rate-cutting cycle from the Fed, Dogecoin is a good candidate to perform well.

事实上，随着今年加密货币市场的风险偏好随着现货加密 ETF 的批准和美联储的降息周期而增加，狗狗币是表现良好的良好候选者。

That’s particularly true in light of the fact that Dogecoin largely failed to keep pace with Bitcoin (BTC) and Ether (ETH)’s big price pumps in 2023, meaning that Dogecoin might represent a comparatively favorable value bet.

鉴于狗狗币在 2023 年基本上未能跟上比特币 (BTC) 和以太币 (ETH) 的大幅价格上涨，这一事实尤其如此，这意味着狗狗币可能代表了相对有利的价值押注。

Dogecoin briefly reached a market cap of $82 billion in 2021.

狗狗币的市值在 2021 年一度达到 820 亿美元。

Assuming the cryptocurrency can surpass this level in 2024 or 2025, DOGE stands a chance of reaching $1.

假设加密货币能够在 2024 年或 2025 年超过这一水平，DOGE 有机会达到 1 美元。

There are currently around 142 billion Dogecoins in issuance, meaning DOGE would have to reach a market cap of $142 billion for each token to be worth $1.

目前狗狗币的发行量约为 1,420 亿枚，这意味着 DOGE 的市值必须达到 1,420 亿美元，每个代币价值 1 美元。

DOGE Alternative to Consider – Sponge V2 ($SPONGEV2)

DOGE 可考虑的替代方案 – Sponge V2 ($SPONGEV2)

Dogecoin could deliver holders gains in the region of 10x this bull market.

狗狗币可为持有者带来本轮牛市 10 倍的收益。

That’s not bad, but many meme coin investors are aiming higher, i.e. for gains in the region of 100x.

这还不错，但许多 Meme 币投资者的目标更高，即 100 倍左右的收益。

They should look no further than Sponge V2 ($SPONGEV2), the reincarnation of the legendary Spongebob Squarepants-themed $SPONGE token, which reached a market cap of nearly $100 million earlier in 2023 and delivered gains to its earlier investors in the region of 100x.

他们应该看看 Sponge V2 ($SPONGEV2)，这是传奇的海绵宝宝主题 $SPONGE 代币的转世，该代币在 2023 年初达到近 1 亿美元的市值，并为其早期投资者带来了 100 倍左右的收益。

$SPONGE token holders will be able to stake their tokens to receive an equivalent amount of $SPONGEV2 tokens, as well as to start earning staking rewards (paid out in $SPONGEV2) with a minimum APY of 40%.

$SPONGE 代币持有者将能够质押其代币以获得等量的 $SPONGEV2 代币，并开始赚取最低年利率 40% 的质押奖励（以 $SPONGEV2 支付）。

$SPONGEV2’s main advantage over $SPONGE is that it will power a new play-to-earn game, the details of which are yet to be released.

$SPONGEV2 相对于 $SPONGE 的主要优势在于，它将为一款新的边玩边赚钱的游戏提供支持，但其细节尚未公布。

But we do know that there will be a free version and paid version of the game.

但我们确实知道该游戏将会有免费版本和付费版本。

Visit Sponge V2 Here

在这里访问 Sponge V2