Analysis: The BTC and ETH price ratio has reached a critical support level, which may make ETH be seen as a "value" investment.

2024-11-28 12:09:30

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Odaily Planet Daily News Analysts believe that the performance of Bitcoin has surpassed Ethereum, with the price ratio of the two reaching a historical key support level. This makes Ethereum be seen as a ‘value’ investment. In this frenzy, even a Benchmark measure of Bitcoin has emerged. Some analysts believe that the price of Bitcoin is still cheap compared to other cryptocurrencies, especially DOGE. DOGE has risen by over 300% this year. But this is not just about the analysis of Crypto Assets, there have been bizarre phenomena like the squirrel peanut (PNUT) cryptocurrency in the market. A squirrel named ‘Peanut’ in New York City became a controversial focus due to its popularity on social media, leading to the birth of a cryptocurrency, whose Market Cap once exceeded 10 billion dollars. This absurd phenomenon has sparked discussions about market bubbles. (Barrons)

BTC-5.06%

ETH-6.21%

DOGE-3.72%

NUX7.83%

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