Dogecoin（Doge）與活動相關的指標最近跌倒了，這就是價格的意義

一些與網絡活動相關的狗果指標已在幾個月內恢復到最低水平。

Dogecoin activity has dropped to the lowest level in a few months, which could be bad news for the meme coin’s price.

幾個月來，Dogecoin活動已下降到最低水平，這對於Meme Coin的價格來說可能是個壞消息。

Three key Dogecoin on-chain indicators have returned to their lowest level in months, suggesting that activity across the board has declined.

幾個月來，三個關鍵的小狗鍊鍊指標恢復了其最低水平，這表明整個活動都在下降。

Usually, Dogecoin requires high user participation, especially from the whales, in order to mount up any significant move. With the activity-related indicators sitting at lows, it’s possible that the meme coin’s price will continue to struggle in the coming days.

通常，Dogecoin需要高用戶參與，尤其是從鯨魚中，以實現任何重大舉措。隨著與活動有關的指標處於低點，模因硬幣的價格可能會在未來幾天繼續掙扎。

Here’s a closer look at the on-chain activity and what it could mean for Dogecoin’s price.

這是對鏈上活動的仔細研究，以及對Dogecoin的價格意味著什麼。

Dogecoin Activity Drops To Lowest Level In Months

Dogecoin活動在幾個月內降至最低水平

Dogecoin has had a rough 2023 so far, with the meme coin’s price down over 80% from its all-time high. But despite the poor price performance, Dogecoin activity remained relatively high throughout 2022.

到目前為止，Dogecoin的2023年艱難，模因硬幣的價格低於其歷史最高水平。但是，儘管價格表現較差，但在2022年，Dogecoin活動仍然相對較高。

Now, however, some key Dogecoin on-chain indicators have returned to their lowest level in months, suggesting that activity across the board has declined.

然而，現在，一些關鍵的狗狗在幾個月內恢復了最低水平，這表明全面活動有所下降。

Three metrics of particular relevance here are the Whale Transaction Count, Transaction Volume, and Daily Active Addresses. The first of these, the Whale Transaction Count, keeps track of the total number of DOGE transfers carrying a value of more than $1 million.

這裡的三個特別相關的指標是鯨魚交易數，交易量和每日活動地址。其中的第一個，即鯨魚交易數量，跟踪載有超過100萬美元的門檻轉移總數。

Transactions of this size generally belong to the whale entities, so the indicator can be assumed to represent the activity that the humongous traders of the market are participating in.

這種規模的交易通常屬於鯨魚實體，因此可以假定指標代表市場上巨大的商人參與的活動。

The Transaction Volume, the second indicator, also mostly tells us about the activity of these investors, as it measures the total amount of Dogecoin that’s becoming involved in transfers on the network. The transfers of the small investors are naturally also included in this value, but since the whale transactions tend to be quite large, they drown them out from the data of the metric.

交易量是第二個指標，也主要告訴我們這些投資者的活動，因為它衡量了涉及網絡轉移的狗狗幣的總量。小型投資者的轉移自然也包括在此值中，但是由於鯨魚交易往往很大，因此他們將其從公制數據中淹沒了。

The final indicator, the Daily Active Addresses, is the one to watch for to know the activity level of the regular investors. This metric measures the number of addresses taking part in at least one transaction on the network every day, whether as a sender or receiver.

最終的指標是每日活動地址，是要注意常規投資者的活動水平的指標。該度量標準每天都在網絡上至少一項交易（無論是作為發件人還是接收器），衡量的地址數量。

While whales are large in size, their numbers tend to be much lower than the retail investors, so the Daily Active Addresses, which favors address count, brings out the behavior of the small entities.

儘管鯨魚的尺寸較大，但它們的數量往往遠低於零售投資者，因此有利於核心計數的每日活動地址帶來了小實體的行為。

Now, a chart shared by an analyst at X shows the trend in these Dogecoin on-chain indicators over the last few months.

現在，X分析師共享的圖表顯示了過去幾個月這些狗蛋白鍊鍊指標的趨勢。

All three of these indicators have dropped to relatively low levels recently, which means activity across the board has declined for Dogecoin.

這三個指標最近都下降到了相對較低的水平，這意味著dogecoin的全面活動都在下降。

At present, the whales are making just 66 daily transactions and less than 60,000 unique addresses are becoming active on the blockchain. Martinez has noted that such a low level of activity hasn’t been seen since October of last year.

目前，鯨魚每天只進行66次交易，少於60,000個獨特的地址在區塊鏈上變得活躍。馬丁內斯（Martinez）指出，自去年10月以來，從未看到如此低的活動水平。

Dogecoin Price Struggles As Activity Drops

隨著活動的下降，狗狗的價格掙扎

Usually, Dogecoin requires high user participation, especially from the whales, in order to mount up any significant move. With the activity-related indicators sitting at lows, it’s possible that the meme coin’s price will continue to struggle in the coming days.

通常，Dogecoin需要高用戶參與，尤其是從鯨魚中，以實現任何重大舉措。隨著與活動有關的指標處於低點，模因硬幣的價格可能會在未來幾天繼續掙扎。

However, the metrics may be to keep an eye on, as it often only takes a bit of news to get investors to rush back to the meme coin.

但是，指標可能是要關注，因為通常只需要一些新聞就可以讓投資者趕回模因硬幣。