The value of Dogecoin, the original meme cryptocurrency, has been increasing consistently in the last week. This occurred while Ethereum and Bitcoin prices faced challenges in breaking through their support levels. With the top two cryptocurrencies experiencing a surge once more, Dogecoin is still demonstrating an upward trend. Investors are closely monitoring the crypto market with high hopes that the price of DOGE will double soon. Let’s discover the reasons behind this story.

狗狗币（原始模因加密货币）的价值在上周一直在持续增长。这是在以太坊和比特币价格面临突破支撑位的挑战时发生的。随着排名前两位的加密货币再次飙升，狗狗币仍然呈现出上升趋势。投资者正在密切关注加密货币市场，并寄希望于 DOGE 的价格很快就会翻倍。让我们来探究一下这个故事背后的原因。

Dogecoin Price Market Performance

狗狗币价格市场表现

The current Dogecoin price stands at $0.182, experiencing a 5.53% increase in the last 24 hours. Over the previous week, its performance showed a notable rise of 38.26%. Despite the fact that DOGE is currently 75.26% below its record high of $0.7376, its price has surged significantly by 112.49% and 143% in the last month and year to date respectively. Having 143.62 billion DOGE in circulation, the meme coin has a market capitalization of $26.13B, placing it in 8th position on CoinMarketCap.

目前狗狗币价格为 0.182 美元，在过去 24 小时内上涨了 5.53%。较上周，其业绩显着上涨38.26%。尽管 DOGE 目前比历史高点 0.7376 美元低了 75.26%，但其价格在上个月和今年迄今分别大幅飙升了 112.49% 和 143%。 Meme 币流通量为 1436.2 亿 DOGE，市值为 $26.13B，在 CoinMarketCap 上排名第八。

Reasons Why DOGE Price Will Rise 100% Soon

1. DOGE Day

The recent increase in Dogecoin’s price could potentially be just the beginning of a larger trend soon. The upcoming “DOGE Day” on April 20, which is famous for backing cannabis legalization. This specific day is important for the community of Dogecoin as it symbolizes the beginnings of the coin.  The community decided to commemorate the 420 meme to reflect on the lighthearted beginnings of Doge. One can enjoy Dogecoin without needing to experience a state of being high.

DOGE价格即将上涨100%的原因1.狗狗日最近狗狗币价格的上涨可能只是很快更大趋势的开始。即将到来的4月20日“DOGE Day”，以支持大麻合法化而闻名。这个特定的日子对于狗狗币社区来说非常重要，因为它象征着狗狗币的诞生。社区决定纪念 420 模因，以反思 Doge 轻松的开端。人们无需体验一种兴奋的状态即可享受狗狗币。

In the past, Dogecoin has experienced increases in price in the month of April. Previously, the coin increased in value from $0.0020 to $0.0031 in 2019, and from $0.0017 to $0.0025 in 2020. The biggest surge occurred in 2021, with a boost of 18,000% from the DOGE Day of the previous year.

过去，狗狗币在四月份经历过价格上涨。此前，该代币的价值在 2019 年从 0.0020 美元上涨至 0.0031 美元，在 2020 年从 0.0017 美元上涨至 0.0025 美元。最大涨幅发生在 2021 年，较前一年 DOGE Day 上涨了 18,000%。

Although there was a setback in 2022, the coin rebounded in 2023. Currently, Dogecoin is being traded at $0.18 and is demonstrating potential for additional growth, with experts predicting a potential parabolic surge soon.

尽管在 2022 年遭遇挫折，但该货币在 2023 年出现反弹。目前，狗狗币的交易价格为 0.18 美元，并显示出进一步增长的潜力，专家预测很快就会出现抛物线飙升。

2. Technical Indicators

Rekt Capital, a crypto analyst discussed the price movement of Dogecoin. He noted that Dogecoin experienced a significant retracement to retest a long-term downtrend line, which is a positive sign. Following this retest, Dogecoin saw a breakout rally of around 45% to the upside. Rekt Capital also mentions that Dogecoin has now confirmed a new macro uptrend, indicating a shift in the overall trend direction. 

2.技术指标加密货币分析师Rekt Capital讨论了狗狗币的价格走势。他指出，狗狗币经历了一次重大回调，重新测试长期下降趋势线，这是一个积极的信号。在这次重新测试之后，狗狗币出现了约 45% 的突破性上涨。 Rekt Capital还提到，狗狗币现已确认了新的宏观上升趋势，表明整体趋势方向发生了转变。

Additionally, the analyst observed that Dogecoin is forming a bullish flag pattern, suggesting further upward movement in price as it breaks out from this pattern. Overall, the tweet highlights bullish signals for Dogecoin’s price action, indicating potential for further upward momentum.

此外，分析师观察到狗狗币正在形成看涨旗形形态，表明当其突破该形态时价格将进一步上涨。总体而言，该推文强调了狗狗币价格走势的看涨信号，表明有进一步上涨动力的潜力。

3. Coinbase Derivatives Launch of Dogecoin Futures Trading Contracts

Coinbase Derivatives is set to launch $ futures trading on April 1st, potentially fueling more interest in the meme coin. The It plans to introduce Dogecoin futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company submitted letters to the United States Commodity Futures Trading Commission (CFTC), outlining its intention to launch monthly cash-settled and margin futures contracts for the cryptocurrencies. 

3. Coinbase Derivatives 推出狗狗币期货交易合约Coinbase Derivatives 将于 4 月 1 日推出美元期货交易，这可能会激发人们对 meme 币的更多兴趣。它计划在 2024 年 4 月 1 日之前推出狗狗币 (DOGE)、莱特币 (LTC) 和比特币现金 (BCH) 的狗狗币期货交易合约。该公司向美国商品期货交易委员会 (CFTC) 提交了信函，概述了其打算推出每月现金结算的加密货币和保证金期货合约。

Coinbase will use the self-certification approach, following CFTC regulations, to list the contracts without direct approval. The contracts’ details, sizes, and structures were provided in the letters, specifying that settlement methods would rely on a benchmark rate by MarketVector.

Coinbase 将按照 CFTC 的规定，采用自我认证的方式列出合约，无需直接批准。信件中提供了合同的详细信息、规模和结构，并指定结算方法将依赖于 MarketVector 的基准利率。

The move is significant for Dogecoin, a meme coin that has gained considerable market value and community support despite its origins as a joke. Coinbase believes that Dogecoin has become a staple in the cryptocurrency world, transcending its meme roots.

此举对于狗狗币来说意义重大，尽管它最初只是一个笑话，但它已经获得了相当大的市场价值和社区支持。 Coinbase 认为，狗狗币已经超越了它的迷因根源，成为加密货币世界的主流。

Coinbase Derivatives will launch the first leveraged and CFTC-regulated futures contracts for Bitcoin Cash, Dogecoin, and Litecoin in April!

Coinbase Derivatives 将于四月推出首个受 CFTC 监管的比特币现金、狗狗币和莱特币杠杆期货合约！

Stay tuned to find out when these contracts will be available to trade on our partner platforms. pic.twitter.com/MfUBrjuNsA

请继续关注，了解这些合约何时可以在我们的合作伙伴平台上进行交易。 pic.twitter.com/MfUBrjuNsA

— Coinbase Institutional 🛡️ (@CoinbaseInsto) March 21, 2024

— Coinbase 机构 🛡️ (@CoinbaseInsto) 2024 年 3 月 21 日

4. Increase in DOGE’s Social Awareness

Based on the data from Santiment, the social significance of Dogecoin has risen to its peak level since surpassing one hundred in early March.

4. DOGE的社会影响力提升根据Santiment的数据，狗狗币的社会影响力自3月初突破100以来已升至最高水平。

As we near April, should the metric keep increasing, there is a possibility for DOGE’s price to see a remarkable 100% surge in the next month. Another factor contributing to these rumors was simply the overall count of investors.

随着四月份的临近，如果该指标继续增加，DOGE 的价格有可能在下个月出现 100% 的惊人飙升。造成这些谣言的另一个因素就是投资者的总数。

In February, it seemed that there were fewer than six million investors in Dogecoin. Nevertheless, as of today, the figure has exceeded 6.58 million. This may be seen as a rise in investor interest.

2 月份，狗狗币的投资者似乎还不到 600 万。尽管如此，截至今天，这个数字已经超过了658万。这可能被视为投资者兴趣的上升。

As April begins, the number of investors mentioned may reach up to seven million. If that happens, the price of DOGE could increase to $0.34.

到4月份开始，提到的投资者人数可能会达到700万。如果发生这种情况，DOGE 的价格可能会上涨至 0.34 美元。

Conclusion

The recent surge in Dogecoin’s price suggests that it may double in value despite challenges faced by other major cryptocurrencies. Technical signals indicate a positive trend, with expectations of considerable upward movement. The anticipation for “DOGE Day” on April 20 and the introduction of futures trading contracts by Coinbase derivatives are adding to the positive outlook. Due to rising social consciousness and investors showing more interest, there is a possibility for Dogecoin’s price to reach $0.34 in the next month, indicating a 100% increase. Dogecoin’s surprising success solidifies its importance in the cryptocurrency market, going beyond its origins as a meme.

结论最近狗狗币价格的飙升表明，尽管其他主要加密货币面临挑战，但其价值可能会翻倍。技术信号显示出积极的趋势，预计将出现大幅上涨。 4 月 20 日“DOGE Day”的预期以及 Coinbase 衍生品推出期货交易合约都增添了积极的前景。由于社会意识的提高和投资者表现出更多的兴趣，狗狗币的价格有可能在下个月达到0.34美元，即上涨100%。狗狗币的惊人成功巩固了其在加密货币市场的重要性，超越了其作为迷因的起源。