Ethereum

2024

Gold

Meta

<ul class="wp-block-list news-points">
 <li>Meta’s 48% YTD return surpasses Bitcoin’s 34%, driven by strong market momentum.</li>
 <li>Ethereum struggles with a 9% YTD return, underperforming against major assets.</li>
 <li>Nvidia leads with 142% YTD growth, outperforming other tech giants like Apple, Google, and Amazon.</li>
</ul>
Meta’s year-to-date (YTD) gains are closing in on Bitcoin’s, while Ethereum is struggling in 2024, according to Ecoinometrics <a href="https://x.com/ecoinometrics/status/1831647439012626937" target="_blank" rel="noopener noreferrer nofollow">data</a>. BTC has shown a relatively stable YTD return of approximately 38% since the start of the year.
<h2 class="wp-block-heading" id="h-meta-emerges-as-bitcoin-s-top-competitor">Meta Emerges as Bitcoin’s Top Competitor</h2>
Despite its steady progress since March, the cryptocurrency lacks a catalyst for a major breakout. This consistent but unspectacular trajectory has left it vulnerable to competition as other assets make gains.
Meta, in contrast, has had a stronger year, with a YTD return of 48%. The company’s recent market momentum has narrowed the gap with Bitcoin, positioning Meta as a formidable contender in terms of overall growth and investor interest.
<a href="https://coinedition.com/bitcoins-risk-adjusted-returns-challenged-nvidia-meta-gold-rise/" rel="noopener noreferrer nofollow">Read also: Bitcoin’s Risk-Adjusted Returns Challenged: NVIDIA, Meta, Gold Rise</a>
Ethereum, meanwhile, has faced a more challenging path than its peers. With only a 9% YTD return, ETH’s pric…
The post <a href="https://coinedition.com/metas-stock-outpaces-bitcoin-ethereum-falters-in-2024/" rel="noopener noreferrer nofollow">Meta’s Stock Outpaces Bitcoin, Ethereum Falters in 2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Meta’s Stock Outpaces Bitcoin, Ethereum Falters in 2024

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