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Dogecoin (CRYPTO: DOGE) is joining Cardano (CRYPTO: ADA) and XRP (CRYPTO: XRP) in the race to hit the $1 price target, but it might have a hidden advantage to help it along the way.
狗狗幣(加密貨幣:DOGE)正在與卡爾達諾(加密貨幣:ADA)和XRP(加密貨幣:XRP)一起爭奪1 美元的價格目標,但它可能有一個隱藏的優勢來幫助它一路走來。
What Happened: Dogecoin is seeing a surge in trading volume and the ability to bounce back from a recent setback, which is indicating that the market might still have a lot of belief in the meme coin.
發生了什麼:狗狗幣的交易量激增,並且有能力從最近的挫折中反彈,這表明市場可能仍然對這種模因幣抱有很大的信心。
After a period of relative inactivity, Dogecoin’s price performance is catching the eye of traders and investors. The biggest of the big dogs, the meme coin with the largest market cap, managed to gain some upward momentum after a period of being stuck at $0.40.
經過一段時間的相對不活躍之後,狗狗幣的價格表現正在吸引交易者和投資者的目光。最大的大狗,市值最大的模因幣,在陷入 0.40 美元一段時間後,成功獲得了一些上漲動力。
Dogecoin is trading up 16% over the last 24 hours, seeing around $180 million in spot volume.
過去 24 小時內,狗狗幣的交易量上漲了 16%,現貨交易量約 1.8 億美元。
Memecoins are known for their volatility, but Dogecoin has managed to show strength, now up 30% over the last seven days.
Memecoin 以其波動性而聞名,但狗狗幣卻表現出了強勁的實力,在過去 7 天內上漲了 30%。
Analysts are saying that if the trend continues, Dogecoin could be headed to test its all-time high price of $0.73, putting it on the path to the $1 target.
分析師表示,如果這種趨勢持續下去,狗狗幣可能會測試 0.73 美元的歷史高點,從而邁向 1 美元的目標。
The road to $1 for Dogecoin will be difficult, considering the nature of memecoins, which makes them prone to wild price swings and market selloffs.
考慮到迷因幣的性質,狗狗幣走向 1 美元的道路將是艱難的,這使得它們容易出現劇烈的價格波動和市場拋售。
The overall sentiment is positive, with reports of big investors, also known as whales, showing signs of accumulating more of the meme coin.
整體情緒是正面的,大型投資者(也稱為鯨魚)的報告顯示出累積更多迷因幣的跡象。
Around 1.12 billion DOGE tokens have been reported to be accumulating, which shows a strategy to capitalize on lower prices, while institutional and retail buying power is betting on a price recovery.
據報道,大約 11.2 億個 DOGE 代幣正在積累,這表明了一種利用較低價格的策略,而機構和散戶購買力則押注於價格回升。
Hitting the $1 price target will not only take sustained price increases but also strong market fundamentals.
達到 1 美元的價格目標不僅需要持續的價格上漲,還需要強勁的市場基本面。
Investors are keeping an eye on the open interest for Dogecoin, which has risen to $3.77 billion, showing a large number of futures contracts are preparing for higher prices.
投資者正在關注狗狗幣的未平倉頭寸,該頭寸已升至37.7億美元,顯示大量期貨合約正在為更高的價格做準備。
The role of whales is important, as they tend to stabilize price movements and act as a buffer against market volatility.
鯨魚的作用很重要,因為它們往往會穩定價格走勢並充當市場波動的緩衝器。
Dogecoin’s progress to $1 will come down to the actions of coin holders, investor sentiment and the overall market strength.
狗狗幣漲至 1 美元將取決於代幣持有者的行動、投資者情緒和整體市場實力。
Keeping an eye on the supply and demand dynamics, especially from key parties, will give investors an edge in anticipating possible price movements.
密切注意供需動態,尤其是來自關鍵各方的供需動態,將使投資者在預測可能的價格變動方面具有優勢。
See More: Best Cryptocurrency Scanners
看更多:最佳加密貨幣掃描儀
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