Here at CryptocurrenciesChannel.com, we discover it attention-grabbing to trace varied ETF and inventory costs versus varied digital property over time.
We observed that as of 5/13/2022, Litecoin ($LTC) can purchase you the least quantity of Sonos shares, previously yr. For instance, in the event you had 1 Litecoin coin and wished to purchase shares of SONO(Image: SONO) with the proceeds, you’ll solely be capable to purchase 3.19 shares of SONO. That is versus a excessive quantity of 9.66 shares over the trailing twelve months. This is how this relationship appears to be like charted, over the previous yr:
The principle driver of the above bar chart has, after all, 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:
Remember to 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 writer and don’t essentially mirror these of Nasdaq, Inc.