Crypto is Better Than Top Company Stocks Despite Crash

• The cryptocurrency market is more stable than the top company stocks.
• Ethereum has generated the largest return in the past 6 years.
• The crypto market is on a bearish trajectory today.

Market analysis by a Reddit user claims that a number of reasons have caused the crypto market to be gloomy. Despite this, the analyses show that over the past six years, cryptocurrency has provided investors with a greater return than the top company stocks.

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Concretely, a trader who invested $100 on July 1st, 2016 in top-performing traditional stocks, Bitcoin and Ethereum would have the following returns;

The massive online retailer Amazon would have given $260 back at the time of writing. This is a return of about 2.6 times. It would have cost $630 for Apple and $470 for Microsoft, respectively. This results in returns of 6.3 times for Apple and 4.7 times for Microsoft.

Tesla would also return $1240 today, which is a return of 12.4 times. On the other hand, the biggest cryptocurrency, Bitcoin, would have repaid 25 times the initial investment. The current value of this would be $2500.

Finally, the statistics show that Ethereum would have generated the highest return, up to $10900 now. The initial investments would have multiplied by 109. In light of this, it is clear that cryptocurrency pairs are outperforming more established high-performance equities (Blue Chip Stocks).

Notably, none of the traditional equities mentioned above would have endured the hacks, negative publicity, and bad actors that have entered the crypto world since then. This is apparently because trading in cryptocurrencies takes place around the clock on an international scale.

In other reports, the cryptocurrency market is partially red today. The top cryptocurrency pairs are trading in favor of the bears with Bitcoin losing by over 0.6 percent. The second in the suit is Ethereum with a 0.8 percent loss over the past few hours.

Read Also:

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• Crypto Market Plunges With Stocks Amid S&P 500 Dip