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Nucor vs. Ethereum: Price Relationship Crosses Threshold
By Market News Video Staff, Sunday, December 1, 2:23 PM ET
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 12/1/2024, Ethereum (NYSE:$ETH) can buy you the most amount of Nucor shares, in the past year. For example, if you had 1 Ethereum coin and wished to buy shares of NUE with the proceeds, you would now be able to buy 23.94 shares of NUE. That's versus a low amount of 12.11 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 Nucor shares, relative to the performance of Ethereum; and here's how the two compare over the past year on a total return basis:
Check out our Ethereum historical price chart and Nucor vs Crypto pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the NUE returns.
Be sure to follow us at CryptocurrenciesChannel.com for more interesting stock market vs. digital asset comparisons!
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