Have you followed the latest buzz around Bitcoin? The well-known meme coin Dogecoin (DOGE), which had a price surge of 11% in a single day, has made a comeback. The unexpected resurgence of interest in meme coins aligns with this unexpected return, suggesting a potential revolution in the cryptocurrency space. Let’s dig into the details to find out what is driving Dogecoin’s recent bull market rally.

您关注过比特币的最新动态吗？知名表情币狗狗币（DOGE）单日暴涨11%，卷土重来。人们对模因币的兴趣意外复苏，与这种意外回报相一致，这表明加密货币领域可能会发生一场革命。让我们深入研究细节，找出推动狗狗币近期牛市上涨的因素。

What Triggered Dogecoin’s Bullish Rally?

是什么引发了狗狗币的看涨反弹？

After the revelation on July 20 about X Payments accounts, there has been a noticeable surge in bullish activity on Dogecoin. Memecoin, which is now trading at $0.08818, has risen 11.13% in the past day, generating positive energy.

7 月 20 日有关 X Payments 账户的消息曝光后，狗狗币的看涨活动明显激增。 Memecoin 现价 0.08818 美元，过去一天上涨 11.13%，产生正能量。

Is Trading Volume the Catalyst?

交易量是催化剂吗？

A review of the on-chain information reveals that one of the main drivers of Dogecoin’s resurgence is a staggering 289.72% increase in trading volume. The outstanding total volume of DOGE exchanged today, $1,303,078,319, shows a significant rise in less than a day.

对链上信息的审查显示，狗狗币复苏的主要驱动力之一是交易量惊人的289.72%的增长。今天所交易的 DOGE 总交易量为 1,303,078,319 美元，在不到一天的时间里出现了显着增长。

Dogecoin’s Journey as the Underdog

狗狗币作为失败者的旅程

Within the meme coin space, tokens from the Solana ecosystem momentarily eclipsed Dogecoin in importance. Despite seeing a modest increase of 14.71% over the preceding six months, Dogecoin faced intense competition from its rivals. Interestingly, BONK managed to rise by an astounding 3,437% within the same period.

在模因币领域，来自 Solana 生态系统的代币的重要性暂时超过了狗狗币。尽管狗狗币在过去六个月中小幅增长了 14.71%，但仍面临着来自竞争对手的激烈竞争。有趣的是，同期BONK的涨幅达到惊人的3,437%。

Whale Activity and Network Spotlight

鲸鱼活动和网络焦点

The network’s heightened whale activity aligns with Dogecoin’s current bullish outlook. According to IntoTheBlock data, the meme coin’s whale volume has surged by 21.25%, reaching an astounding $1.21 billion. This rebirth puts Dogecoin ahead in the competition, particularly when compared to Ethereum and Bitcoin, which have suffered declines in the growth of large transactions.

该网络鲸鱼活动的增加与狗狗币当前的看涨前景一致。根据IntoTheBlock数据显示，meme币的鲸鱼交易量猛增21.25%，达到惊人的12.1亿美元。这种重生使狗狗币在竞争中处于领先地位，特别是与以太坊和比特币相比，后者的大额交易增长有所下降。

Read More : https://nftstudio24.com/dogecoins-11-surge-a-memecoin-revival-sparks-enthusiasm/

阅读更多：https://nftstudio24.com/dogecoins-11-surge-a-memecoin-revival-sparks-enthusiasm/

Follow us for more updates!🧐

关注我们以获取更多更新！🧐