隨著山寨幣落後，Memecoin「超級週期」出現

通常，在主要交易所上市的代幣通常會透過增加流動性和吸引人們對代幣的關注來充當看漲催化劑。

Coin listings on major exchanges usually act as bullish catalysts. This is because they increase liquidity and draw attention to a token. For instance, Pepe [PEPE] saw a 50% price surge after its Coinbase listing, reaching an all-time high of $0.00002524. This was likely helped by Bitcoin’s rally toward $90K.

主要交易所的代幣上市通常是看漲催化劑。這是因為它們增加了流動性並引起人們對代幣的關注。例如，Pepe [PEPE] 在 Coinbase 上市後價格飆升 50%，達到 0.00002524 美元的歷史新高。這可能得益於比特幣漲至 9 萬美元。

However, the surge was short-lived, with PEPE dropping by 10% the next day and erasing nearly half its gains. But there was a silver lining!

然而，這種上漲是短暫的，PEPE 第二天下跌了 10%，抹去了近一半的漲幅。但還有一線希望！

Reminiscent of the previous cycle, memecoins are outperforming top altcoins. In fact, 70% of the top-10 weekly gainers were meme-based tokens.

讓人想起上一個週期，迷因幣的表現優於頂級山寨幣。事實上，每週漲幅前 10 名的代幣中有 70% 都是基於 meme 的代幣。

Now, as the overall market faces a downturn due to Bitcoin’s correction, it remains to be seen whether PEPE can regain momentum. The token faces several challenges, including competition from DOGE, which showed more resilience during the previous market dip.

現在，在比特幣回檔導致整體市場低迷的情況下，PEPE能否重拾動力還有待觀察。該代幣面臨著多項挑戰，包括來自 DOGE 的競爭，DOGE 在先前的市場下跌期間表現出了更強的韌性。

Memecoin ‘supercyle’ emerges as altcoins lag behind

隨著山寨幣落後，Memecoin「超級週期」出現

Interestingly, despite their volatility, memecoins have attracted enough capital to outperform top altcoins, mirroring trends from the last bull cycle. This was further solidified when DOGE flipped XRP to take the 6th spot in terms of market cap.

有趣的是，儘管模因幣存在波動性，但它仍然吸引了足夠的資金，其表現優於頂級山寨幣，這反映了上一個牛市週期的趨勢。當 DOGE 將 XRP 推向市值第六位時，這一點得到了進一步鞏固。

These instances have sparked a massive market shift, with investors turning to memecoins during volatility or when Bitcoin peaks.

這些情況引發了巨大的市場轉變，投資者在波動期間或比特幣見頂時轉向迷因幣。

In the past 30 days, wallets holding between 10 million and 100 million DOGE tokens surged from 18.3 billion to 18.7 billion. Over the last 24 hours alone, traders purchased 140 million DOGE tokens, worth approximately $56 million.

在過去 30 天裡，持有 1,000 萬至 1 億 DOGE 代幣的錢包從 183 億飆升至 187 億。光是在過去 24 小時內，交易者就購買了 1.4 億個 DOGE 代幣，價值約 5,600 萬美元。

DOGE, the largest memecoin by market cap, saw a week of consecutive green candlesticks, with 20% daily highs. However, on the 14 of November, it suddenly declined by 9%, wiping out gains from the previous two days.

DOGE 是市值最大的 memecoin，連續一週出現綠色燭台，日內高點達到 20%。然而11月14日突然下跌9%，抹去了前兩天的漲幅。

Despite this, whale activity suggested that DOGE was poised for a rebound. This mirrored the previous cycle, when bulls targeted the dip as an opportunity to accumulate, positioning DOGE for a potential parabolic run.

儘管如此，鯨魚活動表明 DOGE 即將反彈。這反映了上一個週期，當時多頭將下跌視為吸籌機會，為狗狗幣的潛在拋物線運行奠定了基礎。

Now, the critical question is:

現在，關鍵問題是：

Who will lead the next supercycle?

誰將引領下一個超級週期？

With a nearly 100% weekly jump, PEPE has outperformed its rivals, putting all its stakeholders in profitable positions. However, the margin is razor-thin, with DOGE close behind, posting an over 80% price increase in under seven trading days.

PEPE 每週上漲近 100%，表現優於競爭對手，使其所有利害關係人處於盈利狀態。然而，利潤微乎其微，DOGE 緊隨其後，在不到 7 個交易日的時間內價格上漲了 80% 以上。

On one hand, DOGE is set to hit new highs, with some speculating a $1 rally driven by high-profile endorsements and political backing. On the other hand, PEPE has posted an impressive run following its listing on Coinbase.

一方面，DOGE 即將創下新高，有些人猜測，在高調的背書和政治支持的推動下，DOGE 的漲勢將達到 1 美元。另一方面，PEPE 在 Coinbase 上市後表現出色。

Thus, both memecoins boast strong support across various metrics, positioning them to lead the upcoming ‘supercycle’. However, only one can come out on top.

因此，這兩種模因幣在各種指標上都擁有強大的支持，使它們能夠引領即將到來的「超級週期」。然而，只有一個人能夠脫穎而出。

Since the buildup to its listing, PEPE has seen massive accumulation, with traders exchanging as much as six trillion tokens in a single day. Similar to DOGE, PEPE has garnered significant interest from both retail and institutional investors.

自上市以來，PEPE 的累積量龐大，交易者單日交易量高達 6 兆代幣。與 DOGE 類似，PEPE 也引起了散戶和機構投資者的濃厚興趣。

However, as traders analyze historical patterns and market sentiment before making their next move, DOGE appears to have a better chance of leading once it outperforms PEPE.

然而，隨著交易者在採取下一步行動之前分析歷史模式和市場情緒，一旦 DOGE 跑贏 PEPE，它似乎就有更好的機會領先。

DOGE’s presence in the political realm is expected to play a major role in its dominance. As memecoins undergo a shift, emerging as a solid asset class during periods of volatility, DOGE’s recognition and advocacy by high-profile figures like Elon Musk will likely give it an edge.

預計 DOGE 在政治領域的存在將對其統治地位發揮重要作用。隨著迷因幣經歷轉變，在波動時期成為一種可靠的資產類別，DOGE 得到伊隆馬斯克等知名人士的認可和倡導，可能會為其帶來優勢。

In the future, investors will likely focus on DOGE, as it remains a constant in the news and continues to capture widespread attention, positioning itself for a potential $1 run.

未來，投資者可能會關注 DOGE，因為它仍然是新聞中的常客，並繼續引起廣泛關注，預計將實現 1 美元的上漲。