加密市場似乎再次遇到麻煩，這次主要遵循PI，SUI和Dogecoin（Doge）的價格趨勢

加密市場似乎再次遇到麻煩，這次主要遵循PI，SUI和Dogecoin（Doge）的價格趨勢。

The crypto markets seem to be in trouble again, this time mainly following the price trends of PI, SUI, and Dogecoin (DOGE).

加密市場似乎再次遇到麻煩，這次主要遵循PI，SUI和Dogecoin（Doge）的價格趨勢。

Analysis and comparison between the crypto PI, SUI, and Dogecoin (DOGE)

加密PI，SUI和Dogecoin（Doge）的分析和比較

Pi is the native cryptocurrency of Pi Network.

PI是PI網絡的本地加密貨幣。

Despite the network having existed for several years, the crypto debuted on the market only a few weeks ago.

儘管網絡已經存在了幾年，但該加密貨幣僅在幾週前就在市場上首次亮相。

Initially, the trend of its price was declining, but by the end of February, it had risen enough to almost bring Pi into the top 10 cryptocurrencies by market capitalization.

最初，其價格的趨勢正在下降，但是到2月底，它已經增加了足以使PI通過市值將PI帶入前10名加密貨幣。

Now instead it has slipped to the 26th place.

現在，它已滑到第26位。

The debut on February 20 occurred at a price of about $1.8, but already the day after it had fallen below $0.7.

2月20日首次亮相的價格約為1.8美元，但已經下跌低於0.7美元的第二天。

After climbing back up to almost $3 at the end of February, the prezzo di Pi has now returned to $0.7.

在2月底攀升至近3美元之後，Prezzo di Pi現在返回了0.7美元。

So the one at the end of February was just a mini-bubble, inflated in just five days, and then burst in about a month.

因此，2月底的那個只是一個小型泡沫，在短短五天內就被誇大了，然後大約一個月。

At this point, the drop on the day following its debut, down below $0.7, should be considered as the initial adjustment of an excessive initial price, while what happened afterward should be considered only as the inflating and deflating of a mini-bubble.

在這一點上，首次亮相後的第二天下降，低於$ 0.7，應視為對初始價格過高的初始調整，而此後發生的事情應僅被視為小型泡沫的膨脹和放氣。

In fact, often the initial token prices at the debut on the crypto markets are not very indicative, while what matters much more is the level reached after the first stabilization. In the case of Pi, this level is below $0.7, with a market capitalization below 5 billion dollars.

實際上，在加密市場上首次亮相的初始代幣價格通常不是很好，而重要的是首次穩定後達到的水平。就PI而言，此水平低於0.7美元，市值低於50億美元。

Note the -25% over the last seven days, and the -67% over the last thirty.

請注意，在過去的七天中為-25％，在過去的三十天內為-67％。

The trend of the price of Sui

SUI價格的趨勢

For Sui the situation is different.

對於Sui，情況有所不同。

Sui is the native cryptocurrency of the network with the same name.

SUI是具有相同名稱的網絡的本機加密貨幣。

Made its debut on the crypto markets just under two years ago, and reached the all-time high at the beginning of January, above $5.3.

不到兩年前，它在加密貨幣市場上首次亮相，並在1月初達到了歷史最高水平，高於5.3美元。

The initial price at debut was $1.4, then it fell below $0.4 after the long initial settling period that lasted a full five months.

首次亮相的初始價格為1.4美元，然後在持續了整整五個月的長期結算期之後，它下跌了0.4美元。

In the early months of 2024, a first mini speculative bubble inflated, taking it beyond $2 within three months.

在2024年初，第一個迷你投機泡沫膨脹了，在三個月內將其超過2美元。

Subsequently, however, the prezzo returned below $0.6, which is 50% more than the bottom of the first descending phase post-listing.

但是，隨後，Prezzo退還了低於0.6美元，比第一個降級後列出的底部高出50％。

Even after Trump’s electoral victory, another mini-bubble formed on the price of SUI, with an incredible +190% in just two months.

即使在特朗普的選舉勝利之後，另一個小型泡沫也以SUI的價格形成，在短短兩個月內，令人難以置信的 +190％。

However, even that bubble eventually burst. The interesting thing, though, is that since then the price has not fallen below $2, which indicates that the second mini-bubble probably hides something more than just a simple medium-short term speculative trend.

但是，即使那個泡沫最終也會破裂。不過，有趣的是，從那時起，價格並沒有降至2美元以下，這表明第二個微型泡沫可能隱藏了不僅僅是簡單的中等短期投機趨勢。

The problem is that for the coming months, several Sui token unlocks are expected, which will significantly increase the circulating supply. It should be noted that with just over 3 billion Sui tokens in circulation, there are still almost seven billion already created but not yet distributed.

問題在於，在接下來的幾個月中，預計會有幾個SUI令牌解鎖，這將大大增加循環供應。應當指出的是，在流通量中只有30億個SUI令牌，仍然有近70億個創建但尚未分發。

The trend of Dogecoin’s price

Dogecoin價格的趨勢

For Dogecoin the problem seems more serious.

對於Dogecoin來說，這個問題似乎更嚴重。

DOGE is the native cryptocurrency of the memecoin Dogecoin, which landed on the crypto markets more than ten years ago.

Doge是Memecoin Dogecoin的本地加密貨幣，該幣在十多年前降落在加密貨幣市場上。

Its sensational success is due to Elon Musk, who promoted it a lot in 2021.

它的聳人聽聞的成功歸功於埃隆·馬斯克（Elon Musk），他在2021年宣傳了很多。

Just think that before 2021 its price had never even exceeded 2 cents of a dollar, while as soon as Musk started promoting it, it jumped first to 7 cents, and then even up to the all-time highs of 73 cents in May of that year.

試想一下，在2021年之前，它的價格甚至從未超過2美分的1美元，而馬斯克開始推廣它，它首先躍升至7美分，然後在當年5月的73美分中達到了73美分。

That incredible bull bubble then deflated, as always happens, and the price of DOGE in 2022 fell back below 6 cents of a dollar.

一如既往地發生這種令人難以置信的公牛泡沫，而Doge的價格卻低於6美元以下。

At the end of October 2024, the price had risen to 10 cents, but with Trump’s electoral victory, and especially with the creation of the D.O.G.E. (the Department Of Government Efficiency by Elon Musk), it managed to rise to almost 50 cents, not too far from the highs.

在2024年10月底，價格上漲至10美分，但隨著特朗普的選舉勝利，尤其是在創建了總督（埃隆·馬斯克（Elon Musk）的政府效率部）的創建，它設法提高到近50美分，而不是太遠。

Instead, it was later discovered that Dogecoin has nothing to do with the D.O.G.E., so much so that Musk himself declared that the choice of the name of his department is not connected to Dogecoin, and that there are no government plans to use Dogecoin, or anything like that.

取而代之的是，後來發現Dogecoin與Doge無關，以至於Musk本人宣布其部門的選擇與Dogecoin無關，並且沒有政府計劃使用Dogecoin或類似的計劃。

At this point, after being dumped by Musk, Dogecoin has very little left to bet on. It’s no coincidence that its price, which has dropped 7% in the last seven days and 19% in the last thirty, has slipped to 16 cents, not far from those 10 cents from which the mini speculative bubble

在這一點上，在被馬斯克拋棄之後，Dogecoin幾乎沒有賭注。它的價格在過去七天中下降了7％，在過去的三十天內下降了19％，這並非偶然，降至16美分，距離迷你投機泡沫的10美分不遠