• Chainlink flipped Dogecoin’s market cap as the former continued to do well.

Chainlink 扭转了狗狗币的市值，因为前者继续表现良好。

• DOGE’s price might fall to $0.077 since capital inflow decreased.

由于资金流入减少，DOGE 的价格可能会跌至 0.077 美元。

Dogecoin’s [DOGE] position as the 10th most valuable cryptocurrency has been taken, AMBCrypto discovered. According to CoinMarketCap, DOGE was now ranked 11th on the market cap standings.

AMBCrypto 发现，狗狗币 [DOGE] 作为第十大最有价值加密货币的地位已被取代。根据 CoinMarketCap 的数据，DOGE 目前在市值排行榜上排名第 11 位。

At press time, the coin’s market cap was $11.46 billion.

截至发稿时，该代币的市值为 114.6 亿美元。

Chainlink [LINK], on the other hand, was the project that took its place with a market cap of $11.46 billion.

另一方面，Chainlink [LINK] 是取代它的项目，市值为 114.6 亿美元。

Dogecoin’s fall could be linked to many things. But the major one was its price action. At press time, DOGE’s price was $0.080, representing a 12.78% decrease since the new year began.

狗狗币的下跌可能与很多因素有关。但最重要的是其价格走势。截至发稿，DOGE价格为0.080美元，较新年以来下跌12.78%。

LINK, however, has been one of the best-performing altcoins. On a Year-To-Date (YTD) basis, LINK’s price has increased by 30.07% while changing hands at $20.20.

然而，LINK 一直是表现最好的山寨币之一。从年初至今 (YTD) 来看，LINK 的价格上涨了 30.07%，易手价格为 20.20 美元。

As you probably know, market cap is a product of the price and circulating supply. As of this writing, LINK’s circulating supply was 58.01 million, while DOGE was 143.04 billion.

您可能知道，市值是价格和流通供应量的乘积。截至本文撰写时，LINK 的流通量为 5801 万个，而 DOGE 为 1430.4 亿个。

But if the price of both cryptocurrencies and those engaged in transactions is compared, one can conclude that Chainlink takes the cake.

但如果将加密货币和参与交易的价格进行比较，我们可以得出结论，Chainlink 更胜一筹。

Low trading activity brings DOGE to its kneels

交易活动低迷导致 DOGE 屈服

Another reason Dogecoin lost the number 10 position could be connected to some happenings on-chain. Recently, AMBCrypto reported how the network had a high influx of users and active wallets.

狗狗币失去第十名的另一个原因可能与链上发生的一些事情有关。最近，AMBCrypto 报道了该网络如何拥有大量用户和活跃钱包。

But the latest data from Santiment showed that that has changed.

但 Santiment 的最新数据表明情况已经改变。

One of the metrics propelling the fall was the transaction volume.  On the 9th of February, Dogecoin’s transaction volume was over a billion.

推动下跌的指标之一是交易量。 2月9日，狗狗币交易量突破10亿。

However, at the time of writing, the number had decreased to 115.97 million. This was almost a 10x decrease from what it was a few days ago.

然而，截至撰写本文时，该数字已减少至 11597 万。这比几天前减少了近 10 倍。

Like the volume, whales’ transactions within the $100,000 to $1 million range had significantly decreased. A situation like this implies that fewer participants were buying and selling DOGE.

与交易量一样，鲸鱼在 10 万至 100 万美元范围内的交易也大幅减少。这种情况意味着买卖 DOGE 的参与者较少。

It also suggests that the broader market might no longer be confident in the token’s potential in the short term.

这还表明，更广泛的市场短期内可能不再对该代币的潜力充满信心。

Source: Santiment

资料来源：Santiment

No relief in sight

看不到缓解的迹象

If care is not taken, DOGE might fall from 11th place. However, a price increase could prevent that from happening.

如果不小心，DOGE可能会从第11位掉下来。然而，价格上涨可能会阻止这种情况发生。

At the same time, it could be difficult to take its previous position back from Chainlink, which the market seemed to have a lot of interest in.

与此同时，市场似乎对 Chainlink 很感兴趣，想要从 Chainlink 手中夺回之前的地位可能很困难。

From a technical point of view, DOGE’s price might keep falling. One of the reasons for this project was the Money Flow Index (MFI).

从技术角度来看，DOGE的价格可能会继续下跌。该项目的原因之一是资金流量指数（MFI）。

At press time, the MFI was 52.82, indicating a significant drop in capital flow. Should the MFI reading continue to fall, DOGE’s price might decline to $0.077, which was the next point of interest.

截至发稿，MFI为52.82，表明资本流量大幅下降。如果 MFI 读数继续下跌，DOGE 的价格可能会跌至 0.077 美元，这是下一个关注点。

Read Dogecoin’s [DOGE] Price Prediction 2024-2025

阅读狗狗币 [DOGE] 2024-2025 年价格预测

On the other hand, if DOGE breaks through the $0.083 resistance, the price might find its way up to $0.090.

另一方面，如果 DOGE 突破 0.083 美元的阻力位，价格可能会上涨至 0.090 美元。

However, signals from the Relative Strength Index  (RSI) showed that the move was unlikely as buying momentum decreased.

然而，相对强弱指数 (RSI) 的信号表明，随着购买动力减弱，这种走势不太可能发生。

Source: TradingView

来源：TradingView