狗狗币（DOGE）在选举前飙升：这就是推动涨势的因素

在明天即将举行的总统选举之前，今天会出现大量波动。这当然是有道理的，随着避险情绪今天对大多数股票和高增长资产造成严重打击，加密货币也普遍效仿，截至美国东部时间下午 1:30 在过去 24 小时内下跌了 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.

在明天即将举行的总统选举之前，投资者今天看到了巨大的波动。这当然是有道理的，因为目前避险情绪严重打击了大多数股票和高增长资产。

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.

加密货币也普遍效仿，截至美国东部时间下午 1:30 的过去 24 小时内下跌了 0.5%。然而，狗狗币（加密货币：DOGE）是今天实际出现出价的顶级大盘代币之一，这一顶级 meme 代币在同一时间段内飙升了 7.3%。这是一个值得注意的举措，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.

以下是投资者在谈到这个顶级模因代币时可能想要关注的关键因素以及目前推动购买兴趣的因素。

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.

基本面的转变是这一举措的部分推动因素。当涉及到狗狗币等顶级代币时，我密切关注的关键因素之一是动量驱动因素，例如清算数据。

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 是此类信息的重要资源，这对于像狗狗币这样的项目特别有用，因为与其他项目相比，这些项目认为价格走势与动量和炒作等更模糊的因素相关。

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.

在过去的一天里，清算活动（衍生品合约——多头或空头——被清算或平仓）发生了变化。 11 月 2 日，大多数被平仓的狗狗币衍生品合约都是多头，表明看跌势头。昨天，这一数字转为正值，空头合约的清算量比多头合约多约 100 万美元。这种趋势似乎一直持续到今天，我们很快就会看到数据更新，我希望这反映了这种趋势。

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.

当谈到狗狗币时，我关注的另一个关键指标是锁定总价值（TVL）。截至昨天，狗狗币的 TVL 从一个月前的 401 万美元增加到 491 万美元。 22.4% 的涨幅与狗狗币的整体价格表现大致一致，这是有道理的。 TVL 衡量特定区块链上的整体活动，因此很明显，用户实际上正在涌向狗狗币以使用其各种应用程序并交易代币。虽然该代币的 TVL 最近几天有所下降，但该指标的任何持续走高势头对于投机者和押注这一走势持续的人来说都是好兆头。

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.

这种势头能持续下去吗？一如既往，我最终会思考这些短期走势如何预示长期前景。当谈到像狗狗币这样更具投机性的模因币项目时，除了技术分析和阅读茶叶（我不相信的投资策略）之外，查看数据确实是基本面投资者所能做的。在这方面，目前的情况似乎确实为狗狗币多头指明了正确的方向。

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.

我们必须看看狗狗币能否继续看到 TVL 积累和积极的衍生品清算活动向前发展。但我确实认为，投资者越来越看好这个特定项目肯定有根本原因，这也是我现在将继续关注的一个。