Gold's been on a tear—hitting 4600 while Ethereum's been stuck at roughly the same levels since 2020. Wild contrast, right? You'd think one of the biggest cryptocurrencies would've gained more ground over a five-year span, especially given all the development and adoption narratives in the space. Instead, it's traditional precious metals stealing the show. Makes you wonder what's really driving value in these markets.
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RatioHunter
· 12h ago
Gold prices are soaring, while Ethereum is stagnating. How can the gap be so huge?
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LiquiditySurfer
· 15h ago
Gold has reached 4600, while Ethereum remains stagnant. This is the resilience of traditional finance versus the narrative of blockchain.
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Five years have passed. No matter how advanced the technology is, it still can't beat real gold and silver. What does that say... Is liquidity depth fake?
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Ironically, we've been talking about adoption, but the price hasn't moved. Instead, precious metals are feeding capital. This surfing point is a bit frustrating.
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Ethereum has been stuck here for so long, indicating that on-chain activity hasn't created real demand. Just having developers without capital efficiency is useless. No matter how many DeFi stories there are, they are all pointless.
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So, at the end of the day, it's all about LP yield games. Gold provides stable returns, while Ethereum's permissionless finance is just market-making with a skeleton framework. It's hilarious.
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This comparison is too painful. It feels like I've wasted these five years surfing for nothing.
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How to interpret the Martini indicator? Traditional finance has won so thoroughly.
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UncleLiquidation
· 01-12 18:06
Laughing out loud, five years and still standing still, this is our ETH.
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GasGuzzler
· 01-12 18:05
ETH has really underperformed over the past five years. Despite all the stories told, it still gets beaten by gold.
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DataOnlooker
· 01-12 18:04
Gold has taken off, really unstoppable. Why is Ethereum still sleeping in 2020?
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OnchainFortuneTeller
· 01-12 17:58
In these five years, Ethereum has really been free riding, while gold has quietly appreciated in value. How ironic.
Gold's been on a tear—hitting 4600 while Ethereum's been stuck at roughly the same levels since 2020. Wild contrast, right? You'd think one of the biggest cryptocurrencies would've gained more ground over a five-year span, especially given all the development and adoption narratives in the space. Instead, it's traditional precious metals stealing the show. Makes you wonder what's really driving value in these markets.