3 Top Tech Stocks That Are Down More Than Bitcoin and Ethereum
Cryptocurrency has a reputation for both explosive growth and cripplingly dangerous volatility. In many ways, the U.S. stock market sell-off has been much more volatile. The Nasdaq's decline isn't representative of the drawdowns we've seen in individual large-cap and small-cap stocks. As an example, PayPal Holdings (NASDAQ: PYPL), Shopify (NASDAQ: SHOP), and Meta Platforms (NASDAQ: FB) are all down more from their 52-week highs than Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH). Here's the case for buying each tech stock now, as well as how volatility could impact your investments going forward.
Image source: Getty Images.
In just seven months, the share prices of PayPal have been cut by two-thirds, which has dropped PayPal from the fifth-largest U.S.-based financial services company by market cap to not even cracking the top 10. PayPal stock's ultra dip makes it look more like altcoins such as Solana or Cardano than Bitcoin and Ethereum, let alone a typical large-cap industry-leading business.
Source Fool.com
