[Coinlive Data] Performance of Cryptocurrency Stocks in 2022

It is not news that investment assets, such as stocks and cryptocurrencies, are facing their biggest challenge as the effect of helicopter money fading off slowly. The market in 2022 is not friendly to all long-term investors. No matter you are an intelligent investor that holds fundamental stocks like Microsoft and Nvidia, or a believer in the long-term prospect of bitcoin, you are probably suffering financial loss if invested any time between January to May this year. 40 out of 145 large listed companies, which market value is more than US$100 billion, have a positive year-to-date (YTD) return as of the time of writing. That’s a pathetic 27.6% and mind you, those are world-class companies with good businesses and fundamentals, not some penny stocks you have seen in The Wolf of Wall Street.

If these Fortune 500 companies are not having a good return, how about crypto-related listed companies? I can say pretty much all of them follow bitcoin’s price movement. As you already knew bitcoin price plummeted more than half from its opening price this year, and so do the crypto companies. Here the list goes.

Written by: [Coinlive] Nell