Crypto is said to age you rapidly. You need only look at the ETH charts to see proof.
ETH’s chart in relation to Intel. The trajectories of both stocks are strikingly similar.
Below is a chart that shows the value of ETH against Intel stocks in both pink and blue.
- INTC has been set at weekly intervals over the past fifty years.
- The ETH has been set at daily intervals over the last seven years.
- ETH is advanced by around two and a half years — so it starts in Jan 2018 rather than August 2015.
Intel’s stock performance has been matched by ETH, only seven times more quickly.
It’s not very logical to compare cryptocurrencies with stocks. Ethereum is a different kind of business than Intel.
Ethereum is a decentralized network that sells blockspace to apps and other protocols that service users in some way — far from a chipmaker with factories, employees, board members and CEOs.
Although I’m not able to ignore the similarities, both Ethereum and Intel have similar narrative arcs.
Top brain Vitalik Buterin and the non-profit Ethereum Foundation (EF) he leads are still under fire for supposedly misaligning themselves with the modern crypto community — prioritizing infrastructure over exciting new apps that properly accrue value to ETH.
This disconnect contributed to a massive increase in market share and mindshare of rival Solana, and an ETH/BTC rate at a four-year low.
Intel’s Board of Directors ousted Pat Gelsinger as CEO in December, citing concerns that Gelsinger had failed to capitalise on the AI boom. He could not now mount a comeback and compete with Nvidia.
Intel had been the US chipmaker with the highest value for a long time, until Nvidia’s stock was flipped in mid-202020. SOL is expected to flip ETH at some point in the future.
It could be sooner than later if the correlation between Intel and stock continues (and this is a very big “if”).
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
