Buying Power of Cardano vs. Direxion Shares ETF Trust - Daily Technology Bear 3X Shares Oct 2021 at New 52-Week Low
By CryptocurrenciesChannel Staff, 10/1/2022
Here at
CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 10/1/2022, Cardano ($ADA) can buy you the
least amount of Direxion Shares ETF Trust - Daily Technology Bear 3X Shares Oct 2021 shares, in the past year. For example, if you had 100 Cardano coins and wished to buy shares of TECS with the proceeds, you would only be able to buy 0.78 share of TECS. That's versus a high amount of 6.80 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Direxion Shares ETF Trust - Daily Technology Bear 3X Shares Oct 2021 shares, relative to the performance of Cardano; and here's how the two compare over the past year on a total return basis:
Check out our
Cardano historical price chart and
Direxion Shares ETF Trust - Daily Technology Bear 3X Shares Oct 2021 vs Crypto pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the TECS returns.
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