) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances.
Cryptocurrencies are not the only assets impacted by central banks withdrawing stimulus measures and increasing interest rates. A handful of multi-billion dollar companies around the globe have also suffered, with losses that surpass 85% in 2022 alone.Unlike cryptocurrencies, companies, especially those listed on stock markets, rely on financing — whether the cash is used for mergers and acquisitions or day-to-day operations.
Cazoo Group Ltd currently holds a $466 million market capitalization, but the car retailer was valued at $4.55 billion by the end of 2021, a 90% loss. Nevertheless, the United Kingdom-based company thrived during the restrictions imposed during lockdowns by offering a way to trade and rent automobiles online. Similarly, U.S. auto retailer Carvana saw an 87% decline in its share price.
Worst results? I thought there were no bad results
Xrp is up 55% in a wk
Why nobody is talking about this app?
Are you aware of what iis happenniinng wiith Unniiswap
Well, as far as markets keep reacting to foriegn events, inflation, unemployment etc... its likely we continue to see the crypto market decrease in value🪙📉
Oooh Btc is still outperforming some stocks
hoow coome media is silent aboout this trick