Pi Network 在主線上線後面臨兩大障礙，以下是我們的期待

Notcoin 價格在過去幾週大幅下跌，市值蒸發超過 10 億美元。 NOT 代幣週五跌至 0.0091 美元的低點。

Notcoin price dropped sharply in the past few weeks, erasing over $1 billion in market value.

Notcoin 價格在過去幾週大幅下跌，市值蒸發超過 10 億美元。

The NOT token slipped to a low of $0.0091 on Friday, its lowest level since May 29th and by over 64% from its highest point on record.

週五，NOT 代幣跌至 0.0091 美元的低點，為 5 月 29 日以來的最低水平，較歷史最高點下跌超過 64%。

Notcoin price has lost momentum. The token, which is designed to be earned by people with Telegram, enjoyed strong demand in June, which saw it rise to a high of $0.030 on June 2nd. This was as Bitcoin was also rallying to a monthly high of $72,000.

Notcoin 價格已經失去動力。該代幣旨在由 Telegram 的用戶賺取，在 6 月需求強勁，並於 6 月 2 日昇至 0.030 美元的高點。與此同時，比特幣也上漲至 72,000 美元的月度高點。

The token started losing momentum as Bitcoin also lost momentum and moved below $55,000 on Friday. As a result, Notcoin price dropped to a low of $0.0089 on Thursday. The token has now lost大部分 of its value since it launched in March.

隨著比特幣也失去動力並在周五跌破 55,000 美元，該代幣開始失去動力。結果，Notcoin 價格週四跌至 0.0089 美元的低點。自三月推出以來，該代幣現已失去了大部分價值。

At its peak, Notcoin had a market cap of $1.3 billion, making it one of the top 120 cryptocurrencies in the world. However, the token’s market cap now stands at $80 million, which is a sharp decline from its all-time high.

在巔峰時期，Notcoin 的市值為 13 億美元，使其成為全球 120 種加密貨幣之一。然而，該代幣的市值目前為 8,000 萬美元，較歷史高點大幅下跌。

Notcoin and Pi Network are different assets in the blockchain industry. Notcoin is a Telegram mini-application that lets people earn tokens by just tapping a button. Anyone with Telegram can use the app and earn tokens.

Notcoin 和 Pi Network 是區塊鏈產業中不同的資產。 Notcoin 是一款 Telegram 迷你應用程序，人們只需點擊按鈕即可賺取代幣。任何擁有 Telegram 的人都可以使用該應用程式並賺取代幣。

Pi Network, on the other hand, is a Bitcoin rival that is similar to other proof-of-work tokens. Its main difference is that, unlike Bitcoin, anyone with a smartphone can install the app and start mining.

另一方面，Pi Network 是比特幣的競爭對手，與其他工作量證明代幣類似。它的主要區別在於，與比特幣不同，任何擁有智慧型手機的人都可以安裝該應用程式並開始挖礦。

The other difference is that Notcoin launched its aidrop in June, just a few months after launch while Pi Network has remained in an enclosed mainnet since December 2021.

另一個區別是，Notcoin 於 6 月推出了 aidrop，即推出後幾個月，而 Pi Network 自 2021 年 12 月以來一直處於封閉的主網中。

While the two networks are different, they have two similarities. First, users press a button on the app to mine Notcoin and Pi Coins. Second, the miners’ goal is to ultimately convert the mined tokens into fiat currencies. In Notcoin’s case, many miners have either sold their tokens or held them as assets.

雖然這兩個網絡有所不同，但它們有兩個相似之處。首先，用戶按下應用程式上的按鈕來挖掘 Notcoin 和 Pi 幣。其次，礦工的目標是最終將開採的代幣轉換為法定貨幣。以Notcoin為例，許多礦工要麼出售了他們的代幣，要麼將其作為資產持有。

Pi Network path to mainnet launch

Pi Network 主網啟動路徑

Pi Network is expected to launch its mainnet either in 2024 or in 2025. To do that, the developers are working on ensuring that most pioneers have been identified through the KYC process.

Pi Network 預計將於 2024 年或 2025 年推出其主網。

In a statement last week, Pi Network said that it had already conducted the KYC process on 12 million people. This means that it has just 3 million users to verify to hit its 15 million target, a process that will take a few months.

Pi Network 在上週的聲明中表示，它已經對 1200 萬人進行了 KYC 流程。這意味著它只需驗證 300 萬用戶即可達到 1500 萬目標，這一過程將需要幾個月的時間。

The developers also want to have at least 100 Pi applications, which will give it utility. Finally, they will launch the mainnet if market conditions allow.

開發人員還希望擁有至少 100 個 Pi 應用程序，這將賦予它實用性。最後，如果市場條件允許，他們將啟動主網。

Therefore, the first lesson for Pi Network is that there is a likelihood that the Pi Coin will drop after launch as many pioneers sell. Besides, most of these pioneers have been actively mining the token for over five years.

因此，Pi Network 的第一個教訓是，Pi 幣在推出後可能會因為許多先驅者的拋售而下跌。此外，這些先驅者中的大多數已經積極開採代幣五年多了。

This price action has happened in other tokens. For example, move-to-earn tokens like Sweatcoin (SWEAT) and StepN (GMT) initially jumped and then retreated. The two have dropped by over 90% from their all-time high.

這種價格行為也發生在其他代幣。例如，像 Sweatcoin (SWEAT) 和 StepN (GMT) 這樣的移動賺取代幣最初上漲，然後回落。兩者較歷史最高點下跌了 90% 以上。

Second, there is a possibility that the Pi Coin will have a close correlation with Bitcoin and other altcoins. Notcoin token rose to a record high of $0.030 on June 2nd as Bitcoin was rallying to the monthly high of $72,000.

其次，Pi幣有可能與比特幣和其他山寨幣有密切的相關性。隨著比特幣反彈至月度高點 72,000 美元，Notcoin 代幣於 6 月 2 日昇至 0.030 美元的歷史新高。