Surge in Dogecoin Price Driven by Network Growth and Market Sentiment

网络增长和市场情绪推动狗狗币价格飙升

Dogecoin (DOGE) has experienced a significant price surge, escalating over 5% within the past 24 hours and reaching an intraday high of $0.1409. This rally coincides with a broader recovery in the cryptocurrency market, with Bitcoin and other major coins also exhibiting strong gains.

狗狗币 (DOGE) 经历了大幅价格飙升，在过去 24 小时内上涨超过 5%，并达到日内高点 0.1409 美元。此次反弹恰逢加密货币市场更广泛的复苏，比特币和其他主要货币也表现出强劲的涨幅。

Drivers of the Price Surge

价格飙升的驱动因素

The primary factors behind Dogecoin's latest price surge appear to be:

狗狗币最近价格飙升背后的主要因素似乎是：

• Increased Network Activity: Data from IntoTheBlock indicates a surge in active and new DOGE addresses, suggesting growing user engagement and adoption.
• Growing Wallet Balances: Market intelligence firm Santiment reports a 6.6 million increase in non-empty DOGE wallets, representing a 27% growth over the past six months.
• Shift in Market Sentiment: Coinglass data reveals a positive funding rate for Dogecoin, indicating an increased appetite for long positions. This shift in sentiment typically follows significant price movements.

Positive Funding Rates and Short Liquidations

网络活动增加：来自 IntoTheBlock 的数据表明，活跃和新的 DOGE 地址激增，表明用户参与度和采用率不断提高。 钱包余额不断增长：市场情报公司 Santiment 报告称，非空 DOGE 钱包增加了 660 万个，比去年同期增长了 27%过去六个月。市场情绪转变：Coinglass 数据显示狗狗币的融资利率为正，表明多头头寸兴趣增加。这种情绪的转变通常伴随着重大的价格波动。正资金利率和空头清算

Coinglass data shows that Dogecoin's open interest (OI) funding rate has flipped positive, suggesting a growing preference for long positions. This sentiment shift is often observed after substantial price movements, as evidenced by DOGE's 8.3% ascent between May 2 and May 3.

Coinglass 数据显示，狗狗币的未平仓利息 (OI) 融资利率已转为正值，表明人们越来越倾向于多头头寸。这种情绪转变通常是在价格大幅波动后出现的，5 月 2 日至 3 日期间 DOGE 上涨 8.3% 就证明了这一点。

The recent price recovery was accompanied by short liquidations totaling $2.65 million, compared to $537,550 long liquidations. This indicates that traders were caught off guard by the memecoin's resurgence.

最近的价格回升伴随着总计 265 万美元的空头清算，而多头清算为 537,550 美元。这表明交易者对模因币的复苏感到措手不及。

Surge in Trading Activity

交易活动激增

Dogecoin has also experienced a significant increase in trading volume over the past 12 hours, suggesting renewed investor interest. Data from Coinglass shows a 25% increase in spot trading volume, reaching $1.15 billion, with Binance, OKX, and Bybit accounting for a substantial portion of this activity.

狗狗币在过去 12 小时内的交易量也显着增加，表明投资者的兴趣重新燃起。 Coinglass 的数据显示，现货交易量增长了 25%，达到 11.5 亿美元，其中 Binance、OKX 和 Bybit 占据了这一活动的很大一部分。

Conclusion

结论

Dogecoin's latest price surge is attributed to a combination of positive on-chain metrics, a shift in market sentiment, and increased trading activity. As the broader cryptocurrency market continues to recover, Dogecoin's performance will likely remain under close scrutiny by investors and enthusiasts alike.

狗狗币最近的价格飙升归因于积极的链上指标、市场情绪的转变以及交易活动的增加。随着更广泛的加密货币市场继续复苏，狗狗币的表现可能仍将受到投资者和爱好者的密切关注。