Home Lite Coin The comparability of Litecoin and Waste Administration reveals a brand new excessive

The comparability of Litecoin and Waste Administration reveals a brand new excessive

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The comparability of Litecoin and Waste Administration reveals a brand new excessive

HRight here at CryptocurrenciesChannel.com we discover it attention-grabbing to comply with completely different ETF and inventory costs versus completely different digital property over time.

We observed that as of 4/28/2022, Litecoin ($LTC) was in a position to purchase you the least quantity of waste administration inventory up to now 12 months. For instance, for those who had 1 Litecoin coin and needed to purchase shares of WM (image: WM) with the proceeds, you would solely purchase 0.60 shares of WM. This compares to a excessive quantity of two.75 shares within the final twelve months. That is what this relationship appears like over the previous 12 months:

In fact, the primary driver of the bar chart above was the efficiency of Waste Administration inventory relative to Litecoin’s efficiency; and this is how the 2 examine over the previous 12 months on a complete return foundation:

WM returns vs Litecoin

For extra charts, see our historic Litecoin worth chart and the Waste Administration vs Crypto pages. Word that every one inventory splits and/or dividends are taken into consideration when calculating WM returns.

Make sure you comply with us on CryptocurrenciesChannel.com for extra attention-grabbing comparisons between inventory markets and digital property!

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.

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