Dogecoin and Shiba Inu, the world’s two largest meme coins, have seen their prices tumble over 10% in the past few days.

狗狗币和柴犬这两种世界上最大的模因币的价格在过去几天暴跌了 10% 以上。

Both coins have experienced two consecutive bearish daily closes and appear to be on track for a third today.

这两种代币都经历了连续两次看跌的日收盘价，今天似乎有望迎来第三次收盘价。

However, while dog-themed cryptos are suffering, one relative newcomer, Sponge (SPONGE), is making waves and has pumped a whopping 220% in the past week.

然而，虽然以狗为主题的加密货币正在遭受苦难，但一个相对较新的加密货币 Sponge (SPONGE) 正在掀起波澜，并在过去一周飙升了 220%。

Dogecoin Price Slumps as Investor Hype Fades

随着投资者炒作的消退，狗狗币价格暴跌

Dogecoin is trading around the $0.073 level after reaching a high of $0.082 on Saturday.

狗狗币在周六触及 0.082 美元高点后，目前交易价格约为 0.073 美元。

The coin rode a massive wave of retail investor hype throughout October to post incredible gains, becoming one of the biggest positive movers among established meme coins.

整个 10 月份，该代币在散户投资者的大肆炒作中取得了令人难以置信的收益，成为成熟的模因代币中最大的积极推动者之一。

However, in the past three days, interest has cooled significantly, with DOGE struggling to maintain itself above $0.080.

然而，在过去的三天里，人们的兴趣明显降温，DOGE 努力维持在 0.080 美元之上。

Lacking significant catalysts or developments from the core development team, DOGE’s value is heavily influenced by investor sentiment.

由于缺乏核心开发团队的重要催化剂或发展，DOGE 的价值很大程度上受到投资者情绪的影响。

Although daily spot trading volume remains elevated at $727 million, much of this can be attributed to speculative traders closing their positions and taking profits.

尽管每日现货交易量仍高达 7.27 亿美元，但其中大部分可归因于投机交易者平仓并获利了结。

While diehard DOGE community members remain committed, many retail investors believe the coin’s bull run has ended.

尽管顽固的 DOGE 社区成员仍然坚定不移，但许多散户投资者认为该代币的牛市已经结束。

The DOGE price is now at a critical juncture between key support and resistance levels on the daily chart – meaning the next few days could decide the coin’s fate in the final weeks of 2023.

DOGE 价格目前正处于日线图上关键支撑位和阻力位之间的关键时刻，这意味着接下来的几天可能决定该代币在 2023 年最后几周的命运。

Shiba Inu Falls From Highs as Traders Take Profits

由于交易员获利了结，柴犬从高位下跌

Shiba Inu has also experienced a dramatic comedown in the past few days, now trading around the $0.0000084 level.

Shiba Inu 在过去几天也经历了戏剧性的下跌，目前交易价格约为 0.0000084 美元水平。

After posting a significant upward wick on Saturday, SHIB has dropped over 12%, erasing a considerable portion of its gains from the previous uptrend.

在周六大幅上涨后，SHIB 已下跌超过 12%，抹去了之前上涨趋势中的大部分涨幅。

This long wick suggests substantial selling pressure at higher prices, indicating that traders may have been taking profits after the recent rally.

这条长影线表明价格上涨时存在巨大的抛售压力，表明交易者可能在最近的上涨后获利了结。

Supporting this is data from the Shiba Inu Fear & Greed Index, which has dropped to 46% in the past few days, placing it firmly in “Neutral” territory.

柴犬恐惧与贪婪指数的数据支持了这一点，该指数在过去几天已降至 46%，坚定地处于“中性”区域。

This decline shows that the positivity seen throughout October is now being tempered by caution among investors, reflecting a more balanced sentiment.

这一下降表明，整个 10 月份的积极情绪正在因投资者的谨慎情绪而受到削弱，反映出更加平衡的情绪。

However, the recently launched magazine “The SHIB” offers a new avenue for engaging the Shiba Inu community.

然而，最近推出的杂志“The SHIB”为参与柴犬社区提供了新的途径。

For its second edition, the magazine’s NFT giveaway sparked excitement, featuring boxing legend Manny Pacquiao as the cover star.

该杂志第二版的 NFT 赠品引发了人们的兴奋，拳击传奇人物曼尼·帕奎奥 (Manny Pacquiao) 担任封面明星。

Initiatives like this magazine could help maintain community engagement during this period of declining prices, providing a ray of hope to SHIB holders.

像这本杂志这样的举措可以帮助在价格下跌期间保持社区参与，为 SHIB 持有者带来一线希望。

Sponge Token Defies Meme Coin Slump with Staking & Airdrop Momentum

Sponge 代币通过质押和空投势头抵抗 Meme 币的暴跌

While Dogecoin and Shiba Inu have stalled after their massive run-ups, one meme coin is starting to make waves.

虽然狗狗币和柴犬币在大幅上涨后陷入停滞，但一种模因币却开始掀起波澜。

Sponge (SPONGE), inspired by the famous SpongeBob SquarePants cartoon, has pumped over 220% amid a flurry of positive developments in the past week.

海绵 (SPONGE) 的灵感源自著名的海绵宝宝卡通片，在过去一周的一系列积极进展中，其股价上涨了 220% 以上。

The Ethereum-based token recently concluded a competitive airdrop event, distributing $100,000 worth of SPONGE tokens to active community members.

这个基于以太坊的代币最近结束了一场竞争性空投活动，向活跃的社区成员分发了价值 100,000 美元的 SPONGE 代币。

This airdrop required participants to complete various social media tasks and accumulate trading volume on Uniswap to earn points for redeemable token rewards.

此次空投要求参与者完成各种社交媒体任务并积累 Uniswap 上的交易量，以获得可兑换代币奖励的积分。

The event was a huge success, attracting over 20,000 eager SPONGE fans who competed for prizes.

此次活动取得了巨大成功，吸引了超过20,000名热切的SPONGE粉丝参与角逐奖品。

On the heels of this community-building effort, SPONGE launched its long-awaited staking protocol on November 1.

继社区建设工作之后，SPONGE 于 11 月 1 日推出了期待已久的质押协议。

This feature allows SPONGE holders to lock up their tokens in return for rewards, providing another incentive for long-term holding.

这一功能允许 SPONGE 持有者锁定他们的代币以换取奖励，为长期持有提供另一种激励。

Between the airdrop hype and staking rollout, daily spot trading volume has rocketed over 138% to $3.1 million.

在空投炒作和质押推出之间，每日现货交易量猛增 138% 以上，达到 310 万美元。

With its dedicated community and engaging tactics, Sponge is proving that meme coins can still deliver gains, even while mainstream names like DOGE and SHIB struggle.

凭借其专注的社区和引人入胜的策略，Sponge 正在证明，即使 DOGE 和 SHIB 等主流名字举步维艰，模因币仍然可以带来收益。

Although the token’s price has pulled back slightly from yesterday’s high, the fundamentals remain the same – with many in the Sponge Telegram community believing now could be the ideal time to acquire SPONGE at a lower price.

尽管该代币的价格较昨天的高点略有回落，但基本面保持不变——Sponge Telegram 社区的许多人认为现在可能是以较低价格收购 SPONGE 的理想时机。

Buy SPONGE Token

购买 SPONGE 代币