Cardano vs. ProShares Ultra Bloomberg Crude Oil: Price Relationship Crosses Threshold
By CryptocurrenciesChannel Staff, 9/16/2023

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 9/16/2023, Cardano ($ADA) can buy you the least amount of ProShares Ultra Bloomberg Crude Oil shares, in the past year. For example, if you had 100 Cardano coins and wished to buy shares of UCO with the proceeds, you would only be able to buy 0.69 share of UCO. That's versus a high amount of 1.82 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 ProShares Ultra Bloomberg Crude Oil 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 ProShares Ultra Bloomberg Crude Oil vs Crypto pages for additional charts. Note that any stock splits and/or dividends are included when we calculate the UCO returns.

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