Dogecoin To Hit 69 Cents By Inauguration Day? Polymarket Traders Are Not Convinced
Dogecoin To Hit 69 Cents By Inauguration Day? Polymarket Traders Are Not Convinced
Dogecoin has surged 175% in the past month, with its market capitalization rising to $57.8 billion, overtaking luxury automaker Porsche's valuation of $56.1 billion. Polymarket traders are split on Dogecoin's (CRYPTO: DOGE) trajectory as Inauguration Day approaches, with a 41% chance for DOGE to hit the 69 cents milestone by Jan. 20 next year.
隨着就職日的臨近，Polymarket的交易者對狗狗幣（數字貨幣：狗狗幣）的走勢意見不一，預計狗狗幣在明年1月20日之前達到69美分的可能性爲41%。
This represents a slight dip in confidence from the 53% chance on Nov.23.
這比11月23日的53%的信心略有下降。
With over $40,000 in trading volume on the market, the debate reflects mixed sentiment on Dogecoin's near-term prospects.
在市場上超過40,000美元的成交量下，這場辯論反映了對狗狗幣近期前景的混合情緒。
Dogecoin has surged 175% in the past month, with its market capitalization rising to $57.8 billion, overtaking luxury automaker Porsche's valuation of $56.1 billion.
狗狗幣在過去一個月上漲了175%，其市值達到了578億，超過了奢侈汽車製造商保時捷561億的估值。
Over the past year, Dogecoin has outperformed the car maker, rising 395%, while Porsche's market cap has dropped more than 34% due to weakening performance.
在過去一年中，狗狗幣的表現超過了汽車製造商，漲幅達到395%，而保時捷的市值因業績疲軟下降了超過34%。
The rise has been fueled by a combination of retail enthusiasm, institutional adoption and high-profile endorsements.
這一增長是由零售熱情、機構採納和高知名度的代言組合所推動的。
Elon Musk's influence has been a significant factor in Dogecoin's resurgence.
埃隆·馬斯克的影響是狗狗幣復甦的重要因素。
His continued social media endorsements and his involvement in creating the Department of Government Efficiency (DOGE), a federal agency focused on reducing government spending, have stoked investor enthusiasm.
他持續在社交媒體上的代言以及他參與創建的政府效率部（DOGE），一個專注於減少政府開支的聯邦機構，激發了投資者的熱情。
The agency's acronym, which coincidentally matches Dogecoin's ticker symbol, has been seen by some retail investors as a bullish signal for the token's future.
該機構的縮寫恰好與狗狗幣的逐筆明細一致，被一些零售投資者視爲該代幣未來看好的信號。
Musk's indirect backing has amplified Dogecoin's popularity among retail and institutional investors alike.
馬斯克的間接支持提升了狗狗幣在零售和機構投資者中的人氣。
"Global enthusiasm for Dogecoin has reached unprecedented levels," said a market analyst. "It's clear that Musk's influence remains a critical driver."
「全球對狗狗幣的熱情達到了前所未有的水平，」一位市場分析師表示。「顯然，馬斯克的影響力仍然是一個關鍵驅動力。」
Also Read: 'Crypto Dad' Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here's Why
另請閱讀：『加密之父』克里斯·吉安卡洛主張將加密監管從SEC轉交給另一個委員會——這裏是原因
Why It Matters: Institutional backing for Dogecoin has also increased with the launch of the first DOGE-based exchange-traded product (ETP) by Valour, a subsidiary of DeFi Technologies, on November 26.
爲什麼這很重要：隨着DeFi Technologies的子公司Valour在11月26日推出首個基於DOGE的交易所交易產品（ETP），機構對狗狗幣的支持也增加了。
The DOGE ETP provides institutional investors a new way to gain exposure to the cryptocurrency, adding legitimacy to an asset once dismissed as a mere meme.
DOGE ETP爲機構投資者提供了一種新的方式來參與數字貨幣市場，爲這種曾被視爲單純玩笑的資產增加了合法性。
Despite its strong performance, Polymarket bettors reflect skepticism, with 59% doubting the token's ability to hit 69¢ by Inauguration Day.
儘管表現強勁，但Polymarket的投注者仍然持懷疑態度，59%的人懷疑該代幣在就職日能否達到69¢。
Additionally, the Market Value to Realized Value (MVRV) ratio for Dogecoin, which measures the current market valuation against the average acquisition cost, suggests potential overvaluation.
此外，狗狗幣的市場價值與實現價值（MVRV）比率表明，當前市場估值與平均購買成本相比可能存在過度高估的情況。
A high MVRV ratio often precedes a price correction, adding another layer of uncertainty to Dogecoin's outlook.
高MVRV比率通常預示着價格修正，爲狗狗幣的前景增加了另一層不確定性。
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Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。
