
Phyrex|Mar 14, 2025 18:38
Today, the price of gold broke through $3000, and I am quite impressed. The first chart is a reference for ETH and gold at the same price. Although the price of ETH was lower than that of gold from August to November 2024, it can be seen that the direction is at least similar, but now it is completely opposite. Of course, there are also some safe haven factors involved here, and the prices of gold and BTC are also opposite.
But I still sigh that for a long time ETH suppressed the price of gold, but now the gap has exceeded 30%.
The second chart is a comparison between ETH and BTC. From a graphical perspective, it is true that the trends of ETH and BTC overlap, but the gap has gradually widened since August, and it is getting worse now. This indicates that investors' confidence in ETH has gradually decreased.
The comparison of data is more powerful than anything else. Many people may say that price is just an appearance, and what matters is the team's work. However, price is actually the most authentic reaction of investors to the team.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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