It seems that Bitcoin is the most profitable trading instrument of 2020 but it is not correct as few stocks have even outshined the top digital asset in the year to date performance.
Tesla is Best Performing Sock
Tesla stock is named as the best performing asset of the year as it showed an extraordinary performance since the beginning of the year. The stock of the Electric vehicle and clean energy company Tesla (TSLA) has increased in price from $84 to the current value of $661 after an increase of 679%. On the other hand, the price value of Bitcoin has only surged by 236%.
Renewable energy management company Enphase Energy (ENPH) comes at the second number in the list of best-performing assets of 2020. ENPH has given a return of more than 587% over investment since the start of 2020. The value increased from $26.37 to the current $181.39 after an exponential surge in the price tag.
Moderna Inc. (MRNA) is the third-largest asset in earning high returns over investment on the yearly timeframe. It started its journey from $19.57 and is currently standing at $123.39 after increasing by 530%.
At the fourth spot, there comes Peloton that has jumped from $28.9 to $162.72 after a price surge of 463% over the twelve months.
Zoom Video Communications, Inc.,(ZM) stands at the fifth spot in expressing the highest performance of the year. At the start of 2020, the price value of ZM stock was standing at $68.80 but now the figure is making its position at $375.
These are the top 5 stocks that have defeated the top digital asset of the world in performance despite Bitcoin’s exponential increase. In January 2020, the price value of the flagship cryptocurrency was standing at $7,200. After the market crash in mid-March, Bitcoin went down to as low as $3,000. But the government’s plan to tackle the Coronavirus gave a clear space to Bitcoin to enter in the ranks of institutional investors. Since then institutional corporations, individual investors, and investment firms have increased their exposure in digital asset products, which pumped the price value of Bitcoin to the all-time high value of $24,600 over some cryptocurrency exchanges.
At press time, Bitcoin’s price value is standing at $24,600 after an increase of 4.6% over the day. According to CoinMarketCap, it is up 7.63% over the weekly timeframe.