Dogecoin (DOGE) Surges, Overtaking XRP

狗狗币（DOGE）飙升，超越 XRP

Dogecoin (DOGE) has experienced a significant price hike of 30% over the past day, surpassing a critical resistance level. This surge has propelled DOGE ahead of XRP, making it the 7th-largest cryptocurrency by market capitalization.

过去一天，狗狗币 (DOGE) 的价格大幅上涨 30%，超过了关键阻力位。这一飙升推动 DOGE 领先于 XRP，使其成为按市值计算第七大加密货币。

According to industry sources, speculation tied to the U.S. election and rumors of Elon Musk's potential involvement in a new government role are driving the value increase. Meanwhile, XRP's position has weakened amidst these developments.

据业内消息人士称，与美国大选有关的猜测以及埃隆·马斯克可能参与新政府职位的传言正在推动其价值上涨。与此同时，XRP 的地位在这些事态发展中被削弱。

DOGE's Market Dynamics

DOGE的市场动态

• DOGE has soared 30% over the last 24 hours and surpassed $0.20.
• It now ranks as the 7th-largest cryptocurrency by market cap.
• Trading volume has reached $11.45 billion.

Election-Related Rumors

DOGE在过去24小时内飙升30%，突破0.20美元。按市值计算，DOGE现已成为第七大加密货币。交易量已达到114.5亿美元。与选举相关的谣言

Traders are reportedly betting on DOGE due to rumors surrounding the potential establishment of a "Department of Government Efficiency" (DOGE) by President Trump if re-elected. Elon Musk, a prominent Doge supporter, is rumored to be a possible head of this department, focusing on reducing national debt.

据报道，由于有传言称特朗普总统如果连任，可能会成立“政府效率部”（DOGE），因此交易员押注 DOGE。据传，著名的总督支持者埃隆·马斯克可能成为该部门的负责人，重点关注减少国家债务。

Market Outlook

市场展望

As the U.S. election remains ongoing, market uncertainty is fueling price fluctuations. Analysts are closely watching the outcome, which could have implications for both Dogecoin and the broader crypto market.

由于美国大选仍在进行，市场不确定性加剧了价格波动。分析师正在密切关注结果，这可能对狗狗币和更广泛的加密市场产生影响。

Additional Insights

额外的见解

• Bernstein analysts remain bullish on Bitcoin, predicting a six-figure target by 2025.
• While Dogecoin's surge is driven by speculation, Bitcoin's trajectory appears more grounded in market fundamentals.
• All eyes are on DOGE and BTC in the near term, as both are poised for potential movements.

Bernstein 分析师仍然看好比特币，预测到 2025 年比特币的目标将达到六位数。虽然狗狗币的飙升是由投机推动的，但比特币的轨迹似乎更基于市场基本面。短期内所有的目光都集中在 DOGE 和 BTC 上，因为两者都准备好了潜在的运动。