Crypto v. Major Stocks YTD Performance (APPL, GOOG, MSFT, FB, AMZN, BTC, ETH, & XRP)
Introduction
In this post, I wanted to present two graphs. The first graph shows the total market capitalization of the 5 largest companies compared to BTC, ETH & XRP(demonstrating the growth potential and the relatively small market share of the largest cryptocurrencies). The second graph shows the year to date performance of each of the 5 companies and 3 cryptocurrencies (current market cap / market cap as of January 1). As demonstrated by the second graph, the top 5 stocks were significantly more stable and outperformed the crytocurrencies for a majority of the year. This will be another recurring article that tracks the performance of the aforementioned cryptocurrencies.
Market Capitialization
YTD Performance
References
https://www.zacks.com/stock/chart/AAPL/fundamental/market-cap
https://www.zacks.com/stock/chart/GOOG/fundamental/market-cap
https://www.zacks.com/stock/chart/MSFT/fundamental/market-cap
https://www.zacks.com/stock/chart/FB/fundamental/market-cap
https://www.zacks.com/stock/chart/AMZN/fundamental/market-cap
https://coinmarketcap.com/currencies/bitcoin/historical-data/
https://coinmarketcap.com/currencies/ethereum/historical-data/
https://coinmarketcap.com/currencies/ripple/historical-data/
@OriginalWorks
@contentvoter
Nice work
Thanks!
Not surprising to see more stability of the top 5 stock assets as they have millions of shares outstanding which make them less volatile than cryptos. They too at some point had large daily swings when they were still developing. Definitely lots of opportunity on some of the crypto assets in the market here but only time will tell given the market dynamics currently in play.
That's a good point.
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Awesome!