The surge in adoption of Dogecoin (DOGE), the well-known humorous cryptocurrency, persists, marked by the number of crypto addresses holding DOGE exceeding 5 million for the first time. This growth, witnessed two years post the initiation of the COVID-19 pandemic, suggests an enduring interest in less serious digital assets. Nevertheless, despite a substantial increase in active addresses and confirmed transactions within the DOGE network, concerns linger regarding the concentration of ownership within the DOGE ecosystem.

众所周知的幽默加密货币狗狗币 (DOGE) 的采用率持续激增，持有 DOGE 的加密地址数量首次超过 500 万个。这种增长是在 COVID-19 大流行开始两年后出现的，表明人们对不太重要的数字资产有着持久的兴趣。然而，尽管 DOGE 网络内的活跃地址和已确认交易大幅增加，但对 DOGE 生态系统内所有权集中的担忧仍然存在。

Elevated Metrics and Ongoing Concerns

指标升高和持续关注

Data provided by on-chain analytics firm IntoTheBlock indicates a significant rise in DOGE adoption, with the number of addresses holding the cryptocurrency surpassing 5 million. The count of active addresses has more than doubled, reaching 168,000, the highest since March 2022. Additionally, confirmed transactions on the Dogecoin blockchain have surged, registering a remarkable 1,000% increase in the past 10 days, reaching levels not observed since June.

链上分析公司 IntoTheBlock 提供的数据表明 DOGE 的采用率显着上升，持有该加密货币的地址数量超过 500 万个。活跃地址数量增加了一倍多，达到 168,000 个，这是自 2022 年 3 月以来的最高水平。此外，狗狗币区块链上已确认的交易量激增，在过去 10 天内显着增加了 1,000%，达到 6 月以来未观察到的水平。

Despite the positive indicators for DOGE’s recovery, the issue of ownership concentration remains a prominent concern. BitInfoCharts underscores that fewer than 5,000 addresses control over 80% of DOGE’s supply, highlighting the risk associated with a relatively small group wielding substantial influence over the cryptocurrency’s price.

尽管DOGE出现了复苏的积极迹象，但所有权集中度问题仍然是一个突出问题。 BitInfoCharts 强调，不到 5,000 个地址控制着 DOGE 80% 的供应量，这突显了相对较小的群体对加密货币价格产生重大影响的风险。

Despite concerns over concentration, DOGE’s market capitalization has surged by 14%, reaching nearly $11 billion this month. This positive trend in market value is frequently linked to heightened adoption and usage of a cryptocurrency. Notably, Dogecoin’s resilience is evident, with more than half of all DOGE investors currently holding profitable positions, as per IntoTheBlock.

尽管存在集中度担忧，DOGE 的市值还是飙升了 14%，本月达到近 110 亿美元。市场价值的这种积极趋势通常与加密货币的采用和使用的增加有关。值得注意的是，狗狗币的弹性是显而易见的，根据 IntoTheBlock 的数据，超过一半的狗狗币投资者目前持有有利可图的头寸。

Also Read: Old Dogecoin, New Tricks: Surge in Movement and Whale Activity

另请阅读：旧狗狗币，新技巧：运动激增和鲸鱼活动

Profitable Dogecoin Investors

盈利的狗狗币投资者

The data indicates that 57% of every DOGE wallet address is presently “In The Money,” signifying that these investors purchased DOGE at a price lower than the current $0.078342 per coin. Noteworthy is the fact that 73% of all Dogecoin investors have maintained their positions for over a year, showcasing a significant presence of long-term holders. In contrast, 27% of investors have held for less than a year, with 4% having positions for less than one month.

数据表明，目前每个 DOGE 钱包地址中有 57% 是“In The Money”，这意味着这些投资者以低于当前每枚代币 0.078342 美元的价格购买了 DOGE。值得注意的是，73% 的狗狗币投资者已持有其头寸一年多，这表明长期持有者数量众多。相比之下，27% 的投资者持仓时间不到一年，4% 的投资者持仓时间不到一个月。

The recent milestones in Dogecoin’s adoption, evidenced by the increase in addresses and transactions, imply sustained interest in the cryptocurrency. However, the challenge of ownership concentration and the necessity for a corresponding surge in trading volume underscore potential obstacles to the continued growth of DOGE.

狗狗币最近的采用里程碑（地址和交易量的增加证明了这一点）意味着人们对这种加密货币的持续兴趣。然而，所有权集中度的挑战以及交易量相应激增的必要性凸显了 DOGE 持续增长的潜在障碍。

Also Read: Dogecoin: December 2023 Price Prediction for DOGE

另请阅读：狗狗币：DOGE 2023 年 12 月价格预测

As market observers closely monitor these dynamics, Dogecoin’s role as a store of value for a substantial portion of its investor base becomes apparent, emphasizing the intricate interplay between market metrics and investor behavior in the realm of cryptocurrency.

随着市场观察人士密切关注这些动态，狗狗币作为大部分投资者的价值储存手段的作用变得显而易见，强调了加密货币领域市场指标和投资者行为之间错综复杂的相互作用。