狗狗幣（DOGE）在選舉前飆升：這就是推動漲勢的因素

在明天即將舉行的總統大選之前，今天會出現大量波動。這當然是有道理的，隨著避險情緒今天對大多數股票和高成長資產造成嚴重打擊，加密貨幣也普遍效仿，截至美國東部時間下午 1:30 在過去 24 小時內下跌了 0.5%。

Investors are seeing plenty of volatility build today ahead of tomorrow's upcoming presidential election. This certainly makes sense, with risk-off sentiment hitting most stocks and higher-growth assets hard today.

在明天即將舉行的總統選舉之前，投資者今天看到了巨大的波動。這當然是有道理的，因為目前避險情緒嚴重打擊了大多數股票和高成長資產。

Cryptocurrencies have generally followed suit, dropping 0.5% over the past 24 hours as of 1:30 p.m. ET. However, Dogecoin (CRYPTO: DOGE) is among the top large-cap tokens that's actually seeing a bid today, with this top meme token surging 7.3% over the same time frame. That's a notable move, and one that's worth diving into.

加密貨幣也普遍效仿，截至美國東部時間下午 1:30 的過去 24 小時內下跌了 0.5%。然而，狗狗幣（加密貨幣：DOGE）是今天實際出現出價的頂級大盤代幣之一，這一頂級 meme 代幣在同一時間段內飆升了 7.3%。這是一個值得注意的舉措，值得深入研究。

Here are the key factors investors may want to watch when it comes to this top meme token and what's driving buying interest right now.

以下是投資者在談到這個頂級迷因代幣時可能想要關注的關鍵因素以及目前推動購買興趣的因素。

A shift in fundamentals is driving part of this moveOne of the key factors I watch closely when it comes to top tokens like Dogecoin is momentum-driven factors such as liquidations data.

基本面的轉變是這項舉措的部分推動因素。

Coinglass is a great resource for this information, which is particularly useful for projects like Dogecoin that see price action tied to more nebulous factors like momentum and hype than other projects.

Coinglass 是此類資訊的重要資源，這對於像狗狗幣這樣的項目特別有用，因為與其他項目相比，這些項目認為價格走勢與動量和炒作等更模糊的因素相關。

Over the past day, liquidations activity (which derivatives contracts -- long or short -- are liquidated, or closed out) has shifted. On Nov. 2, most Dogecoin derivatives contracts that were closed out were on the long side, indicating bearish momentum. That swung to a positive margin yesterday, with roughly $1 million more short contracts liquidated than long contracts. This trend has appeared to continue into today, and we'll see the data updated shortly, which I would expect reflects this trend.

在過去的一天裡，清算活動（衍生性合約——多頭或空頭——被清算或平倉）發生了變化。 11 月 2 日，大多數被平倉的狗狗幣衍生性合約都是多頭，顯示看跌勢頭。昨天，這一數字轉為正值，空頭合約的清算量比多頭合約多約 100 萬美元。這種趨勢似乎一直持續到今天，我們很快就會看到數據更新，我希望這反映了這種趨勢。

The other key metric I look at when it comes to Dogecoin is total value locked (TVL). Dogecoin's TVL increased from $4.01 million a month ago to $4.91 million as of yesterday. This 22.4% increase roughly aligns with the overall price performance of Dogecoin, and that makes sense. TVL measures the overall activity seen on a particular blockchain, so it's clear users are actually flocking to Dogecoin to use its various applications and trade the token. While the token's TVL has dipped in recent days, any sort of continued momentum higher in this metric should bode well for speculators and those betting on a continuation of this move.

當談到狗狗幣時，我關注的另一個關鍵指標是鎖定總價值（TVL）。截至昨天，狗狗幣的 TVL 從一個月前的 401 萬美元增加到 491 萬美元。 22.4% 的漲幅與狗狗幣的整體價格表現大致一致，這是有道理的。 TVL 衡量特定區塊鏈上的整體活動，因此很明顯，用戶實際上正在湧向狗狗幣以使用其各種應用程式並交易代幣。雖然該代幣的 TVL 在最近幾天有所下降，但該指標的任何持續走高勢頭對於投機者和押注這一走勢持續的人來說都是好兆頭。

Can this momentum continue?As is always the case, I end up thinking about how these short-term moves could portend for the longer-term picture. When it comes to more speculative meme coin projects like Dogecoin, aside from technical analysis and reading the tea leaves (investing strategies I don't believe in), looking at the data is really all fundamental investors can do. In that regard, things do appear to be pointing in the correct direction for Dogecoin bulls right now.

這種勢頭能持續下去嗎？當談到像狗狗幣這樣更具投機性的迷因幣專案時，除了技術分析和閱讀茶葉（我不相信的投資策略）之外，查看數據確實是基本面投資者所能做的。在這方面，目前的情況似乎確實為狗狗幣多頭指明了正確的方向。

We'll have to see whether Dogecoin can continue to see TVL accumulation and positive derivatives liquidations activity moving forward. But I do think there are certainly fundamental reasons why investors are growing bullish on this particular project, and it's one I'm going to continue to keep on the radar right now.

我們必須看看狗狗幣能否繼續看到 TVL 累積和積極的衍生性商品清算活動向前發展。但我確實認為，投資人越來越看好這個特定項目肯定有根本原因，這也是我現在會繼續關注的一個。