Buying Power of Litecoin vs. Alphabet at New 52-Week High
By CryptocurrenciesChannel Staff, 2/2/2023
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 2/2/2023, Litecoin ($LTC) can buy you the most
amount of Alphabet shares, in the past year. For example, if you had 1 Litecoin coin and wished to buy shares of GOOGL with the proceeds, you would now be able to buy 1.01 shares of GOOGL. That's versus a low amount of 0.41 share 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 Alphabet shares, relative to the performance of Litecoin; and here's how the two compare over the past year on a total return basis:
Check out our Litecoin historical price chart
and Alphabet vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the GOOGL returns.
Be sure to follow us at CryptocurrenciesChannel.com
for more interesting stock market vs. digital asset comparisons!