Will Dogecoin make it to the $1 mark? Here’s an analysis that can help answer the big question in the crypto market.

狗狗币会突破 1 美元大关吗？以下分析可以帮助回答加密市场中的大问题。

Dogecoin is a crypto that was founded in 2013, encouraged by the then-popular Shiba Inu dog meme “doge.” The cryptocurrency’s blockchain operates the same technology as Litecoin (LTC), a cryptocurrency often seen as the silver to Bitcoin’s gold. 

狗狗币是一种加密货币，成立于 2013 年，受到当时流行的柴犬表情包“doge”的鼓励。这种加密货币的区块链与莱特币（LTC）采用相同的技术，莱特币通常被视为比特币黄金中的白银。

The dog-themed coin early community was known for doing charitable projects, such as raising more than $25,000 worth of DOGE to help the Jamaican bobsleigh team go to the Winter Olympics in Sochi in 2014. 

这个以狗为主题的硬币早期社区以开展慈善项目而闻名，例如筹集了价值超过 25,000 美元的 DOGE 来帮助牙买加有舵雪橇队参加 2014 年索契冬奥会。

In 2021, DOGE’s popularity soared after influencers from the famous WallStreetBets subreddit urged users to try to push the cryptocurrency to the $1 mark. The movement was driven by social media hype, with many people joining the DOGE craze.

2021 年，著名 WallStreetBets Reddit 子版块的影响者敦促用户尝试将这种加密货币推至 1 美元大关后，DOGE 的受欢迎程度飙升。该运动是由社交媒体炒作推动的，许多人加入了 DOGE 热潮。

Celebrities, including Tesla and SpaceX CEO Elon Musk, also joked about the cryptocurrency, adding to the hype. However, when the heat died out and the cryptocurrency market joined a long bearish period, Musk kept on supporting DOGE and decided to accept it for merchandise payments at Tesla.

包括特斯拉和 SpaceX 首席执行官埃隆·马斯克在内的名人也拿加密货币开玩笑，加剧了炒作。然而，当热潮消退、加密货币市场进入长期看跌期时，马斯克继续支持 DOGE，并决定接受它作为特斯拉的商品付款。

Who Created Dogecoin?

谁创造了狗狗币？

Dogecoin was created by Jackson Palmer, a product manager at Adobe, and Billy Markus, a software developer at IBM. The cryptocurrency was initially created as a way to mock the hype surrounding cryptocurrencies back in 2013, but received immensely positive feedback shortly after launch.

The cryptocurrency initially used a randomized reward for block mining, but that reward was changed to a static reward in 2014. It uses Litecoin’s Scrypt mining algorithm and is a Proof-of-Work cryptocurrency that can be merged and mined along with LTC.

狗狗币是由 Adob​​e 产品经理 Jackson Palmer 和 IBM 软件开发人员 Billy Markus 创建的。这种加密货币最初是为了嘲笑 2013 年围绕加密货币的炒作而创建的，但在推出后不久就收到了非常积极的反馈。这种加密货币最初使用随机奖励进行区块挖掘，但该奖励在 2014 年改为静态奖励。它使用莱特币的Scrypt挖掘算法，是一种工作量证明加密货币，可以与LTC一起合并和挖掘。

How Dogecoin Underwent A Boom In 2021?

狗狗币如何在 2021 年实现繁荣？

In 2021, Dogecoin showcased the potential of meme coins in the crypto space. From its starting point to the middle of the year, Dogecoin skyrocketed over 130 times in market size, evolving into the fourth-biggest cryptocurrency after Bitcoin, Ethereum, and Binance Coin.

2021 年，狗狗币展示了模因币在加密货币领域的潜力。从年初到年中，狗狗币的市场规模飙升了130多倍，成为继比特币、以太坊和币安币之后的第四大加密货币。

The primary reason for Dogecoin’s sensation was the support of Elon Musk, the leader of Tesla and SpaceX, who tweeted about it many times. Several celebrities bound him, such as Snoop Dogg and Gene Simmons from Kiss. Mark Cuban, who owns an NBA team, also supported Dogecoin by allowing his fans to buy stuff with it. His team did about 6,000 Dogecoin transactions in April that year.

Dogecoin’s huge growth happened at the same time as a general crypto boom that pushed Bitcoin to its then all-time-high. People were willing to take more risks, and the Dogecoin fans on Reddit and elsewhere boosted the coin’s momentum. Dogecoin is still a popular coin in the market, and its price could change a lot depending on what famous people and the general social media say about it.

狗狗币引起轰动的主要原因是特斯拉和SpaceX的领导人埃隆·马斯克(Elon Musk)的支持，他多次发推文谈论狗狗币。一些名人束缚了他，比如《吻乐队》中的史努比狗狗和吉恩·西蒙斯。拥有一支 NBA 球队的马克·库班 (Mark Cuban) 也支持狗狗币，允许他的粉丝用狗狗币购买东西。那年 4 月，他的团队进行了约 6,000 笔狗狗币交易。狗狗币的巨大增长发生在加密货币整体繁荣的同时，将比特币推升至当时的历史最高点。人们愿意承担更多风险，Reddit 和其他地方的狗狗币粉丝推动了该货币的发展势头。狗狗币仍然是市场上流行的硬币，其价格可能会根据名人和一般社交媒体对其的评价而发生很大变化。

Dogecoin Bullish Elements and Bearish Elements in 2024

2024 年狗狗币看涨元素和看跌元素

While Dogecoin may have a very large online community behind it, it is still largely believed to rely purely on speculation. The blockchain is friendly to miners. And, DOGE has the backing of famous celebrities and individuals who show their love and support on social media platforms.

尽管狗狗币背后可能有一个非常大的在线社区，但人们仍然普遍认为它纯粹依赖于投机。区块链对矿工来说是友好的。而且，DOGE 得到了著名名人和个人的支持，他们在社交媒体平台上表达了他们的爱和支持。

The most disadvantageous factor behind DOGE’s bearishness is its lack of real utility and the fact that it is more of a fun coin. It has an unlimited supply which is also a bearish factor for the memecoin.

DOGE 看跌背后最不利的因素是它缺乏真正的实用性，而且它更像是一种有趣的硬币。它的供应量是无限的，这对 memecoin 来说也是一个看跌因素。

Its value depends on its fans, who make it a gamble, a wild, and risky thing to own. The meme coin’s fans can get angry and mock those who disagree with them. Also, many of those who created Dogecoin don’t support the fans anymore.

它的价值取决于它的粉丝，他们认为拥有它是一场赌博、疯狂和冒险的事情。模因币的粉丝可能会生气并嘲笑那些不同意他们的人。此外，许多创造狗狗币的人不再支持粉丝了。

Why Does Dogecoin Have Value?

为什么狗狗币有价值？

Dogecoin, unlike cryptocurrencies like Bitcoin, was designed to be abundant and circulate. At the time of writing, there are 132 Billion DOGE in circulation, and the cryptocurrency does not have a maximum supply. 

与比特币等加密货币不同，狗狗币的设计初衷是丰富和流通。截至撰写本文时，流通中的 DOGE 数量为 1320 亿个，并且该加密货币没有最大供应量。

As it was created as a meme some suggest it shouldn’t have any value. DOGE’s value has moved up over time, partly because the cryptocurrency is being used by the community and is being accepted as a payment method by large retailers. Tesla, for example, accepts DOGE payments for merchandise on its website. 

由于它是作为模因创建的，因此一些人认为它不应该具有任何价值。 DOGE 的价值随着时间的推移而上升，部分原因是加密货币正在被社区使用，并被大型零售商接受为一种支付方式。例如，特斯拉在其网站上接受 DOGE 付款购买商品。

Investors also piled on DOGE as they speculated its price could surge in the near future. Its adoption may grow if it’s integrated into new products and services Elon Musk’s companies – which now also include microblogging platform Twitter – may launch over time.

投资者也纷纷买入 DOGE，因为他们推测其价格可能在不久的将来飙升。如果将其整合到埃隆·马斯克的公司（现在还包括微博平台 Twitter）中，随着时间的推移，它的采用率可能会增加。

Price Overview of DOGE

DOGE价格概览

The highest price recorded for Dogecoin is $0.7316, which was reached on May 08, 2021, nearly 3 years ago. The current price is 77.24% lower than the all-time high price.

狗狗币的最高价格为 0.7316 美元，是在近 3 年前的 2021 年 5 月 8 日达到的。目前价格较历史高价低77.24%。

The lowest price recorded for DOGE is $0.0000869, which was reached on May 06, 2015, nearly 9 years ago. The current price is 191,534.55% higher than the all-time low price.

DOGE 的最低价格为 0.0000869 美元，是在 2015 年 5 月 6 日达到的，距今已近 9 年了。目前价格较历史最低价上涨191,534.55%。

The fully diluted valuation (FDV) of Dogecoin (DOGE) is $23,912,223,527. This is a statistical representation of the maximum market cap, assuming the total number of 140 Billion ETH tokens are in circulation today.

狗狗币 (DOGE) 的完全稀释估值 (FDV) 为 23,912,223,527 美元。这是最大市值的统计表示，假设今天流通的 ETH 代币总数为 1400 亿。

Conclusion

结论

Dogecoin, a meme-based cryptocurrency had a remarkable rise and fall in 2021. For the past few days, a question that has been asked in the crypto space is whether will Dogecoin hit $1. However, recent news and some technical factors are pointing towards the rise of crypto in the upcoming days so the doge can reach the $1 mark if it gets proper support from the investors.

狗狗币是一种基于 meme 的加密货币，在 2021 年经历了显着的上涨和下跌。过去几天，加密货币领域提出的一个问题是狗狗币是否会达到 1 美元。然而，最近的新闻和一些技术因素表明加密货币在未来几天将会上涨，因此如果获得投资者的适当支持，比特币可能会达到 1 美元大关。

FAQs

常见问题解答

Will Dogecoin reach the $1 mark?

狗狗币会达到 1 美元大关吗？

DOGE’s $1 target depends upon its adoption rate, market conditions, any crucial development in its utility, and support from the buyers. However, the crypto space is unpredictable making certainties impossible.

DOGE 的 1 美元目标取决于其采用率、市场状况、其效用的任何重要发展以及买家的支持。然而，加密货币空间是不可预测的，因此不可能确定确定性。

Is DOGE a good option for long-term Investment?

DOGE是长期投资的好选择吗？

Dogecoin’s future as a long-lasting investment option depends on its usefulness, supply factors, leadership, and fan base. More work from developers and more real-life applications could improve its chances.

狗狗币作为一种持久投资选择的未来取决于它的实用性、供应因素、领导力和粉丝基础。开发人员的更多工作和更多现实生活中的应用程序可以提高其机会。

What did Dogecoin’s fans feel about DOGE?

狗狗币的粉丝对 DOGE 有什么看法？

There are different opinions, from strong support to doubt. On social media and online platforms, supporters celebrate its spirit and possibilities, while opponents highlight the difficulties it has in becoming widely accepted and used.

众说纷纭，有强烈支持，也有质疑。在社交媒体和在线平台上，支持者赞扬其精神和可能性，而反对者则强调其被广泛接受和使用所面临的困难。