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，它仍然与比特币（BTC）的价格行动高度同步。最重要的是，大型股票纪念品的估值完全约为235亿美元，平均交易量约为10亿美元，其分形模式与2021年和2017年的牛周期相似。

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.

结果，在2025年底之前进行的主要抛物线集会的几率仍然可以显着，尤其是由于著名的金价集会而催化的。

Delayed Altseason Threatens Short-term Dogecoin Price Outlook

延迟的Alteason威胁短期Dogecoin价格前景

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.

通过复杂的全球法规，政府参与加密货币市场已严重影响了四年的加密周期。在2021年的加密周期中，大多数山寨币在第二季度都在价格发现中，大型股票Altcoins达到了峰值。

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.

我认为#alt / #btc对将继续在这里流血，就像去年美联储宣布会减慢定量拧紧（QT）时一样。 #BTC优势为66％的图片。