随着山寨币落后，Memecoin“超级周期”出现

通常，在主要交易所上市的代币通常会通过增加流动性和吸引人们对代币的关注来充当看涨催化剂。

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.

主要交易所的代币上市通常是看涨催化剂。这是因为它们增加了流动性并引起人们对代币的关注。例如，Pepe [PEPE] 在 Coinbase 上市后价格飙升 50%，达到 0.00002524 美元的历史新高。这可能得益于比特币涨至 9 万美元。

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，这种上涨是短暂的，PEPE 第二天下跌了 10%，抹去了近一半的涨幅。但还有一线希望！

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

让人想起上一个周期，模因币的表现优于顶级山寨币。事实上，每周涨幅前 10 名的代币中有 70% 都是基于 meme 的代币。

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.

现在，在比特币回调导致整体市场低迷的情况下，PEPE能否重拾动力还有待观察。该代币面临着多项挑战，包括来自 DOGE 的竞争，DOGE 在之前的市场下跌期间表现出了更强的弹性。

Memecoin ‘supercyle’ emerges as altcoins lag behind

随着山寨币落后，Memecoin“超级周期”出现

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，尽管模因币存在波动性，但它仍然吸引了足够的资金，其表现优于顶级山寨币，这反映了上一个牛市周期的趋势。当 DOGE 将 XRP 推向市值第六位时，这一点得到了进一步巩固。

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

这些情况引发了巨大的市场转变，投资者在波动期间或比特币见顶时转向模因币。

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.

在过去 30 天里，持有 1000 万至 1 亿 DOGE 代币的钱包从 183 亿飙升至 187 亿。仅在过去 24 小时内，交易者就购买了 1.4 亿个 DOGE 代币，价值约 5600 万美元。

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，连续一周出现绿色烛台，日内高点达到 20%。然而11月14日突然下跌9%，抹去了前两天的涨幅。

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.

尽管如此，鲸鱼活动表明 DOGE 即将反弹。这反映了上一个周期，当时多头将下跌视为吸筹机会，为狗狗币的潜在抛物线运行奠定了基础。

Now, the critical question is:

现在，关键问题是：

Who will lead the next supercycle?

谁将引领下一个超级周期？

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 每周上涨近 100%，表现优于竞争对手，使其所有利益相关者都处于盈利状态。然而，利润微乎其微，DOGE 紧随其后，在不到 7 个交易日的时间里价格上涨了 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 即将创下新高，一些人猜测，在高调的背书和政治支持的推动下，DOGE 的涨势将达到 1 美元。另一方面，PEPE 在 Coinbase 上市后表现出色。

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，这两种模因币在各种指标上都拥有强大的支持，使它们能够引领即将到来的“超级周期”。然而，只有一个人能够脱颖而出。

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.

自上市以来，PEPE 的积累量巨大，交易者单日交易量高达 6 万亿代币。与 DOGE 类似，PEPE 也引起了散户和机构投资者的浓厚兴趣。

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，随着交易者在采取下一步行动之前分析历史模式和市场情绪，一旦 DOGE 跑赢 PEPE，它似乎就有更好的机会领先。

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.

预计 DOGE 在政治领域的存在将对其统治地位发挥重要作用。随着模因币经历转变，在波动时期成为一种可靠的资产类别，DOGE 得到埃隆·马斯克等知名人士的认可和倡导，可能会为其带来优势。

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.

未来，投资者可能会关注 DOGE，因为它仍然是新闻中的常客，并继续引起广泛关注，有望实现 1 美元的上涨。