Here at CryptocurrenciesChannel.com, we discover it attention-grabbing to trace varied ETF and inventory costs versus varied digital belongings over time.
We seen that as of 5/13/2022, Litecoin ($LTC) should buy you the least quantity of Sonos shares, up to now yr. For instance, if you happen to had 1 Litecoin coin and wished to purchase shares of SONO(Image: SONO) with the proceeds, you’d solely be capable of purchase 3.19 shares of SONO. That is versus a excessive quantity of 9.66 shares over the trailing twelve months. Here is how this relationship appears charted, over the previous yr:
The primary driver of the above bar chart has, in fact, been the efficiency of Sonos shares, relative to the efficiency of Litecoin; and this is how the 2 examine over the previous yr on a complete return foundation:
Make sure you comply with us at CryptocurrenciesChannel.com for extra attention-grabbing inventory market vs. digital asset comparisons!
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.