Analysis: The price ratio of Bitcoin to Ethereum has reached a key support level, which may make ETH be seen as a "value" investment

Bitget2024/11/28 12:44

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According to Barrons, analysts have stated that Bitcoin's performance has surpassed Ethereum, with the price ratio of the two reaching a historical key support level. This has led to Ethereum being viewed as a "value" investment. In this frenzy, even a benchmark measure for Bitcoin has emerged. Some analysts believe that compared to other cryptocurrencies, especially Dogecoin, Bitcoin is still cheap. Dogecoin's increase this year exceeded 300%.

However, this isn't just about cryptocurrency analysis; bizarre phenomena like the Squirrel Peanut (PNUT) cryptocurrency have appeared in the market. A squirrel named "Peanut" from New York City once became a point of controversy due to its popularity on social media and subsequently gave birth to a type of cryptocurrency whose market value once exceeded $1 billion USD. Such absurd phenomena have sparked discussions about market bubbles.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/08 12:41