Dogecoin (DOGE), the largest memecoin by market capitalization, remains highly synchronized with Bitcoin’s (BTC) price action. Most importantly, the large-cap memecoin, with a fully diluted valuation of about $23.5 billion and a 24-hour average trading volume of about $1 billion, has been recording a similar fractal pattern to the 2021 and 2017 bull cycles.

Dogecoin（Doge）是市值最大的Memecoin，它仍然與比特幣（BTC）的價格行動高度同步。最重要的是，大型股票紀念品的估值完全約為235億美元，平均交易量約為10億美元，其分形模式與2021年和2017年的牛週期相似。

As a result, the odds of a major parabolic rally before the end of 2025 remain palpable, especially catalyzed by the notable rally of Gold price.

結果，在2025年底之前進行的主要拋物線集會的機率仍然可以顯著，尤其是由於著名的金價集會而催化的。

Delayed Altseason Threatens Short-term Dogecoin Price Outlook

延遲的Alteason威脅短期Dogecoin價格前景

The involvement of the government in the crypto market through complex global regulations has significantly impacted the four-year crypto cycle. During the 2021 crypto cycle, most of the altcoins were in price discovery during the second quarter, with large-cap altcoins having reached respective peaks.

通過複雜的全球法規，政府參與加密貨幣市場已嚴重影響了四年的加密週期。在2021年的加密週期中，大多數山寨幣在第二季度都在價格發現中，大型股票Altcoins達到了峰值。

I think that #ALT / #BTC pairs will continue to bleed here, just like they did last year when the Fed announced they would slow Quantitative Tightening (QT). #BTC dominance to 66% pic.

我認為#alt / #btc對將繼續在這裡流血，就像去年美聯儲宣布會減慢定量擰緊（QT）時一樣。 #BTC優勢為66％的圖片。