Meta's Stock Outpaces Bitcoin, Ethereum Falters in 2024

Meta’s 48% YTD return surpasses Bitcoin’s 34%, driven by strong market momentum.
Ethereum struggles with a 9% YTD return, underperforming against major assets.
Nvidia leads with 142% YTD growth, outperforming other tech giants like Apple, Google, and Amazon.

Meta’s year-to-date (YTD) gains are closing in on Bitcoin’s, while Ethereum is struggling in 2024, according to Ecoinometrics data. BTC has shown a relatively stable YTD return of approximately 38% since the start of the year.

Meta Emerges as Bitcoin’s Top Competitor

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.

Read also: Bitcoin’s Risk-Adjusted Returns Challenged: NVIDIA, Meta, Gold Rise

Ethereum, meanwhile, has faced a more challenging path than its peers. With only a 9% YTD return, ETH’s pric…

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