加密市场似乎再次遇到麻烦，这次主要遵循PI，SUI和Dogecoin（Doge）的价格趋势

加密市场似乎再次遇到麻烦，这次主要遵循PI，SUI和Dogecoin（Doge）的价格趋势。

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

加密市场似乎再次遇到麻烦，这次主要遵循PI，SUI和Dogecoin（Doge）的价格趋势。

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

加密PI，SUI和Dogecoin（Doge）的分析和比较

Pi is the native cryptocurrency of Pi Network.

PI是PI网络的本地加密货币。

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

尽管网络已经存在了几年，但该加密货币仅在几周前就在市场上首次亮相。

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，其价格的趋势正在下降，但是到2月底，它已经增加了足以使PI通过市值将PI带入前10名加密货币。

Now instead it has slipped to the 26th place.

现在，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日首次亮相的价格约为1.8美元，但已经下跌低于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美元之后，Prezzo di Pi现在返回了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月底的那个只是一个小型泡沫，在短短五天内就被夸大了，然后大约一个月。

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.

在这一点上，首次亮相后的第二天下降，低于$ 0.7，应视为对初始价格过高的初始调整，而此后发生的事情应仅被视为小型泡沫的膨胀和放气。

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.

实际上，在加密市场上首次亮相的初始代币价格通常不是很好，而重要的是首次稳定后达到的水平。就PI而言，此水平低于0.7美元，市值低于50亿美元。

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

请注意，在过去的七天中为-25％，在过去的三十天内为-67％。

The trend of the price of Sui

SUI价格的趋势

For Sui the situation is different.

对于Sui，情况有所不同。

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

SUI是具有相同名称的网络的本机加密货币。

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.

不到两年前，它在加密货币市场上首次亮相，并在1月初达到了历史最高水平，高于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.

首次亮相的初始价格为1.4美元，然后在持续了整整五个月的长期结算期之后，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，第一个迷你投机泡沫膨胀了，在三个月内将其超过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，随后，Prezzo退还了低于0.6美元，比第一个降级后列出的底部高出50％。

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

即使在特朗普的选举胜利之后，另一个小型泡沫也以SUI的价格形成，在短短两个月内，令人难以置信的 +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，即使那个泡沫最终也会破裂。不过，有趣的是，从那时起，价格并没有降至2美元以下，这表明第二个微型泡沫可能隐藏了不仅仅是简单的中等短期投机趋势。

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.

问题在于，在接下来的几个月中，预计会有几个SUI令牌解锁，这将大大增加循环供应。应当指出的是，在流通量中只有30亿个SUI令牌，仍然有近70亿个创建但尚未分发。

The trend of Dogecoin’s price

Dogecoin价格的趋势

For Dogecoin the problem seems more serious.

对于Dogecoin来说，这个问题似乎更严重。

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

Doge是Memecoin Dogecoin的本地加密货币，该币在十多年前降落在加密货币市场上。

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

它的耸人听闻的成功归功于埃隆·马斯克（Elon Musk），他在2021年宣传了很多。

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.

试想一下，在2021年之前，它的价格甚至从未超过2美分的1美元，而马斯克开始推广它，它首先跃升至7美分，然后在当年5月的73美分中达到了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.

一如既往地发生这种令人难以置信的公牛泡沫，而Doge的价格却低于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，价格上涨至10美分，但随着特朗普的选举胜利，尤其是在创建了总督（埃隆·马斯克（Elon Musk）的政府效率部）的创建，它设法提高到近50美分，而不是太远。

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，后来发现Dogecoin与Doge无关，以至于Musk本人宣布其部门的选择与Dogecoin无关，并且没有政府计划使用Dogecoin或类似的计划。

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

在这一点上，在被马斯克抛弃之后，Dogecoin几乎没有赌注。它的价格在过去七天中下降了7％，在过去的三十天内下降了19％，这并非偶然，降至16美分，距离迷你投机泡沫的10美分不远