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The cryptocurrency market, particularly the altcoin sector including Dogecoin (DOGE), is experiencing price volatility driven by shifting market sentiment. A recent mild rally preceded anticipated changes in US government policy, though enthusiasm following the New York Digital Asset Summit seems to have subsided.

加密货币市场，尤其是包括Dogecoin（Doge）在内的Altcoin行业，正在经历因转移市场情绪而驱动的价格波动。 尽管纽约数字资产峰会之后的热情似乎已经消退，但最近一次温和的集会预计美国政府政策发生了预期的变化。

DOGE Challenges ADA for Eighth Position

Doge挑战ADA的第八名

This fluctuation has positioned Dogecoin to potentially overtake Cardano (ADA) for eighth place by market capitalization. A previous March rivalry between the two saw each vying for dominance. Interestingly, despite a 2.79% price drop, DOGE remains on track to surpass Cardano.

这种波动使多霉素定位为潜在地超过了卡尔达诺（ADA），获得了市值的第八名。 前三月的竞争之间的竞争使每个人都争夺主导地位。 有趣的是，尽管价格下跌了2.79％，但Doge仍在努力超过Cardano。

At the time of writing, DOGE is trading at $0.1671, with a market cap of $24.94 billion. Analysts attribute the price decline to reduced investor activity, evidenced by a 37.78% decrease in 24-hour trading volume to $833.1 million. This follows a previous 24-hour period where trading volume surged over 55%, reaching approximately $1.31 billion. This surge was preceded by a 400% increase in active addresses and a corresponding rise in blockchain activity, fueled by heightened network engagement and positive market sentiment.

在撰写本文时，Doge的交易价格为0.1671美元，市值为249.4亿美元。分析师将价格下跌归因于投资者的活动减少，这证明了24小时交易量减少37.78％，至8.331亿美元。这是在过去的24小时期间，交易量飙升了55％以上，达到约13.1亿美元。 在这一激增之前，活动地址增加了400％，区块链活动的相应增加，这是由于网络参与和积极的市场情绪的增强所推动。

Can DOGE Maintain its Lead over ADA?

Doge能否维持ADA的领先地位？

Market analysts believe DOGE's recent bullish performance could solidify its position above Cardano. A price rebound could propel DOGE's market cap beyond ADA's current $25.08 billion.

市场分析师认为，Doge最近的看涨表现可以巩固其在Cardano上方的位置。 价格反弹可以推动Doge的市值超出ADA目前的250.8亿美元。

Currently, ADA is down 2.64% trading at $0.7072, with 24-hour trading volume also declining by 24.39% to $831.95 million. Read original article on U.Today

目前，ADA的交易价格下跌了2.64％，为0.7072美元，24小时交易量也下降了24.39％，至8.3195亿美元。 阅读有关U.Today的原始文章