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Analysis: BTC and ETH price ratio has reached a critical support level, which may make ETH be seen as a 'value' investment.
CoinVoice has learned that according to Barrons, analysts believe that the performance of BTC has surpassed Ethereum, and the price ratio between the two has reached a historical key support level. This makes Ethereum considered a 'value' investment. In this frenzy, even a benchmark for BTC has emerged. Some analysts believe that BTC is still cheap compared to other cryptocurrencies, especially DOGE, which has seen a growth of over 300% this year.
But this is not just about the analysis of Cryptocurrency, there have been bizarre phenomena such as the Cryptocurrency of squirrel peanut (PNUT) in the market. A squirrel named 'Peanut' in New York City once became a controversial focus due to its popularity on social media, giving birth to a Cryptocurrency, with its Market Cap once exceeding 10 billion US dollars. This absurd phenomenon has sparked discussions about market bubbles. [Original link]