Dogecoin Demand Surges Amidst Market Volatility

市场波动导致狗狗币需求激增

New demand for DOGE surged to its peak during the week, with the memecoin's MVRVA ratio suggesting a buying opportunity.

本周，DOGE 的新需求飙升至峰值，memecoin 的 MVRVA 比率表明存在买入机会。

According to IntoTheBlock, Dogecoin (DOGE), the leading memecoin in the crypto market, experienced a significant surge in new demand. On May 2nd, 28,000 new addresses were created for trading DOGE, a 102% increase from the lowest point in DOGE's new demand for the month on April 29th.

据 IntoTheBlock 称，加密货币市场中领先的 memecoin 狗狗币 (DOGE) 经历了新需求的大幅增长。 5 月 2 日，DOGE 交易新增地址 28,000 个，较 4 月 29 日当月 DOGE 新增需求最低点增长 102%。

Dogecoin Sees Surge in Demand Amidst Market Volatility

市场波动中狗狗币需求激增

Amidst recent market volatility, Dogecoin (DOGE) has witnessed a notable surge in new demand and network activity. Data from Santiment shows a 27% increase in the number of daily active addresses involved in DOGE transactions over the past week. Despite this uptick in network activity, DOGE's price has not experienced a significant rally.

在最近的市场波动中，狗狗币（DOGE）见证了新需求和网络活动的显着激增。 Santiment 的数据显示，过去一周参与 DOGE 交易的每日活跃地址数量增加了 27%。尽管网络活动有所增加，但 DOGE 的价格并未出现大幅上涨。

While increased network activity typically precedes a price surge, DOGE's sustained demand hasn't translated into substantial price gains. At the time of writing, DOGE is trading at $0.15, recording only a 2% price appreciation over the week, most of which occurred within the last 24 hours. This minor price increase aligns with the broader market decline observed during this period.

虽然网络活动的增加通常会导致价格飙升，但 DOGE 的持续需求并未转化为价格的大幅上涨。截至撰写本文时，DOGE 的交易价格为 0.15 美元，一周内仅上涨 2%，其中大部分发生在过去 24 小时内。这一小幅价格上涨与这一时期观察到的大盘下跌相一致。

Despite the recent market fluctuations, DOGE's price hike over the last 24 hours signals a bullish sentiment among investors. Santiment's weighted sentiment metric for DOGE is now positioned to breach its center line on an upward trend. This metric, which gauges market sentiment towards a cryptocurrency, indicates a shift towards positive sentiment if its value rises above zero.

尽管近期市场波动，DOGE 价格在过去 24 小时内的上涨表明投资者的看涨情绪。 Santiment 对 DOGE 的加权情绪指标现在处于上升趋势中突破其中心线的位置。该指标衡量市场对加密货币的情绪，如果其价值升至零以上，则表明市场情绪转向积极。

Source: Santiment

资料来源：Santiment

Currently, DOGE's weighted sentiment sits at -0.348, suggesting a predominantly bearish sentiment. However, an increase in trading activity and further gains in DOGE's price could elevate this metric in the short term.

目前，DOGE 的加权情绪为-0.348，表明看跌情绪占主导地位。然而，交易活动的增加和 DOGE 价格的进一步上涨可能会在短期内提升这一指标。

DOGE's MVRV Ratio Indicates Buy Signal Amidst Market Volatility

DOGE 的 MVRV 比率表明市场波动中的买入信号

Dogecoin's Market Value to Realized Value (MVRV) ratio is currently signaling a buy opportunity, according to recent data. The MVRV ratio, calculated over a 30-day moving average, is currently at a negative value of -12.83% as of press time. This metric compares the current market price of an asset with the average price at which most investors acquired their holdings.

根据最新数据，狗狗币的市场价值与已实现价值（MVRV）比率目前表明存在买入机会。截至发稿时，根据 30 天移动平均线计算的 MVRV 比率目前为负值 -12.83%。该指标将资产的当前市场价格与大多数投资者购买其资产的平均价格进行比较。

A negative MVRV ratio suggests that the asset is undervalued, indicating that its market value is lower than the average purchase price of all tokens in circulation. In contrast, a ratio above one implies that the asset is overvalued, with its market value significantly higher than the average acquisition price.

负 MVRV 比率表明该资产被低估，表明其市场价值低于所有流通代币的平均购买价格。相反，比率高于 1 意味着该资产被高估，其市场价值明显高于平均收购价格。

Traders commonly interpret a negative MVRV ratio as a signal to "buy the dip," anticipating a potential price rally. This strategy involves purchasing the asset when its market value is below its average acquisition price, with the expectation of profiting from a subsequent price increase.

交易者通常将负 MVRV 比率解读为“逢低买入”的信号，预计价格可能会上涨。该策略涉及在资产的市场价值低于其平均收购价格时购买该资产，并期望从随后的价格上涨中获利。

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：请注意，本文仅旨在提供信息，不应被视为法律、税务、投资、财务或任何其他类型的建议。