Ethereum Is Not Like Nvidia, Amazon, But More Like Intel, Trader Says: 'Negative Revenue Growth And Negative Profitability'
Ethereum Is Not Like Nvidia, Amazon, But More Like Intel, Trader Says: 'Negative Revenue Growth And Negative Profitability'
Crypto venture capitalist Andrew Kang compared Ethereum (CRYPTO: ETH) to tech stocks and sees parallels between the current price action and that of May 2021.
加密風險投資家安德魯·康(Andrew Kang)將以太坊(CRYPTO: ETH)與科技股進行比較,並發現當前價格行動與2021年5月的行動存在相似之處。
What Happened: He notes that during both periods, the market was about 9-10 months into a bullish momentum but cautions that this does not mean the market is immune to extreme corrections over a multi-month time horizon.
他指出,在這兩個時期,市場大約在看漲勢頭中的9到10個月,但他警告稱,這並不意味着市場對多個月時間跨度內的極端拋售不會免疫。
Kang also expressed skepticism about the ability of support levels and ranges to hold in the face of potential market disruptions, such as the selling of Mt Gox estate and ETF buyers selling. He singled out NVIDIA (NASDAQ:NVDA) as appearing to be at a local top and suggested that the only buyers currently seem to be leverage and short-term traders trying to catch a falling knife.
康還對支撐位和區間在面對市場潛在干擾(如Mt Gox地產的出售和ETF買家的出售)的能力表示懷疑。他指出英偉達(NASDAQ:NVDA)似乎處在地方高位,並暗示目前唯一的買家似乎是槓桿和短期交易者試圖抓住跌勢。
![Benzinga Future of Digital Assets conference](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240624/0-c2c1528462208a4f79c4108d41b34474-0-da9a62805d89679964d9e40a498d8772.gif/big)
Also Read: Ethereum's Price After The ETFs Start Trading? Between $2,400 And $3,000, Says Crypto VC: Here's Why
還閱讀過:加密風險投資家稱,ETF開始交易後以太坊的價格將在2,400美元到3,000美元之間,這就是爲什麼
Why It Matters: Kang draws a parallel between Ethereum and well-known tech companies, suggesting that ETH's current valuation and growth prospects resemble past tech bubbles rather than the sustained growth seen by companies like NVIDIA and Amazon (NASDAQ:AMZN).
爲什麼這很重要:康將以太坊與衆所周知的科技公司進行對比,認爲ETH的當前估值和增長前景類似於過去的科技泡沫,而不是英偉達和亞馬遜(NASDAQ:AMZN)等公司所看到的持續增長。
He believes that Ethereum's trajectory mirrors Intel's (NASDAQ:INTL), which once had unbounded growth expectations but eventually faced slower innovation and fierce competition. This dynamic leads to lower projected growth rates and, consequently, lower valuations.
他認爲,以太坊的軌跡類似於英特爾(NASDAQ:INTL),曾經擁有無限的增長預期,但最終面臨緩慢的創新和激烈的競爭。這種動態導致了更低的預測增長率,因此估值也會較低。
Ethereum's fundamentals currently do not support its high valuation. "Tell me how you pitch 200x PS, negative revenue growth, and negative profitability to investors at a $420 billion price," he challenges. Kang believes that while some crypto enthusiasts might buy into this narrative, it's unrealistic to assume TradFi investors will do the same given the present fundamentals.
以太坊目前的基本面並不支持其高估值。他質疑“告訴我如何向投資者推銷200倍市銷率、負營業收入和負盈利的4200億美元價格”。康認爲,雖然一些加密愛好者可能會相信這種說法,但鑑於目前的基本面,假設傳統金融投資者會這麼做是不現實的。
Ethereum faces declining interest in NFTs, migration of on-chain trading to other networks, and falling network fees.
以太坊面臨着NFT的興趣下降,鏈上交易的遷移以及網絡費用的下降。
What's Next: The influence of Ethereum as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
下一步:預計以太坊作爲一種機構資產類別的影響力將在11月19日的Benzinga未來數字資產活動中得到全面探討。
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
此內容部分使用人工智能工具生成,並由Benzinga編輯審查和發佈。
Image: Shutterstock
圖片:shutterstock
譯文內容由第三人軟體翻譯。