It is always interesting when a cryptocurrency exchange provides exposure to financial instruments. Rather than derivatives, FTX has opted to venture into the tokenized stocks segment. Several interesting stocks can be traded on the exchange today, with more likely to be added in the future.
Betting on technology companies has always proven to be a safe bet. Albeit Apple stock has proven to be somewhat volatile lately, it still maintains a good value at all times. In the past year, it ranged between $53.15 and $137.98. Its current price of $108.77 seems a bit undervalued, but COVID-19 continues to make its impact on all stocks.
It has been a rather interesting year for Tesla and its stock. Following a massive surge in value, the market has returned to normal in recent months. There has also been a recent stock split to take note of. Even so, the current value of $400.51 is still bullish, as the same TSLA stock was worth just $100 in late March of this year.
For the technology enthusiasts, diversifying a portfolio with both Apple and Alphabet stocks might be a good idea. As is always the case, stocks are about as volatile as cryptocurrencies, thus caution remains advised. At the current value of $1,624.32, the price of GOOGL is almost as high as that of gold. Its high for the year sits at $1,726.1, thus there may be room for future growth.
During these times of COVID-19, streaming services have had a very good year. More and more people are forced to stay at home, which benefits companies such as Netflix. The NFLX stocks price sits at $484.12, after overcoming a bit of a dip in late March and early April. Ever since, the value of NFLX has continued to increase, hitting a 52-week high of $575.37 at one point. A lot of productions are still in the pipeline which may catapult the price a bit higher.
With the holidays just around the corner, and online shopping becoming more popular than ever, owning Amazon stocks is never a bad choice. It has gone through a rough patch earlier this year, but rebounded strongly ever since. Going from a value of $1,626.03 to $3,552.25 in a few months is very spectacular. There is a bit of a dip going on lately, though, so proper research will need to be conducted.
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