Cardano vs. World Gold Trust: Price Relationship Crosses Threshold
By CryptocurrenciesChannel Staff, 9/24/2023
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 9/24/2023, Cardano ($ADA) can buy you the least
amount of World Gold Trust shares, in the past year. For example, if you had 100 Cardano coins and wished to buy shares of GLDM with the proceeds, you would only be able to buy 0.64 share of GLDM. That's versus a high amount of 1.42 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 World Gold Trust 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 World Gold Trust vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the GLDM returns.
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for more interesting stock market vs. digital asset comparisons!