Analysis: BTC and ETH price ratio reaches key support level, which may make ETH be seen as a "value" investment

Odaily News Some analysts say that Bitcoin has outperformed Ethereum, with the price ratio between the two reaching a key historical support level. This makes Ethereum a "value" investment. In this craze, there is even a benchmark for Bitcoin. Some analysts believe that Bitcoin's price is still cheap compared with other cryptocurrencies, especially Dogecoin. Dogecoin has risen by more than 300% this year. But this is not just an analysis of cryptocurrencies. There are strange phenomena in the market, such as the squirrel Peanut (PNUT) cryptocurrency. A squirrel "Peanut" in New York City has become a focus of controversy due to its popularity on social media, which has spawned a cryptocurrency with a market value of more than $1 billion. This absurd phenomenon has sparked discussions about market bubbles. (Barrons)