Cardano vs. News: Price Relationship Crosses Threshold
By CryptocurrenciesChannel Staff, 12/1/2022
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 12/1/2022, Cardano ($ADA) can buy you the least
amount of News shares, in the past year. For example, if you had 100 Cardano coins and wished to buy shares of NWS with the proceeds, you would only be able to buy 1.63 shares of NWS. That's versus a high amount of 7.88 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 News 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 News vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the NWS returns.
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for more interesting stock market vs. digital asset comparisons!