According to ChainCatcher, according to Barrons, some analysts said that Bitcoin's performance has surpassed Ethereum, and the price ratio between the two has reached a historical key support level. This makes Ethereum regarded as a "value" investment. In this craze, there is even a benchmark for Bitcoin. Some analysts believe that the price of Bitcoin is still cheap compared with other cryptocurrencies, especially Dogecoin. Dogecoin has risen by more than 300% this year.
But it’s not just about cryptocurrencies, there are also bizarre phenomena like the Peanut the Squirrel (PNUT) cryptocurrency. A New York City squirrel named Peanut became the center of controversy due to its popularity on social media, which led to the creation of a cryptocurrency with a market value of over $1 billion. This absurd phenomenon has sparked discussions about market bubbles.
