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This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple’s XRP – Globalstar (GSAT)

This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple's XRP
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Globalstar, Inc.’s (NASDAQ: GSAT) Satellite technologies are getting a lot of attention in 2021, and investors who bought shares a year ago see the green.

Since October 2020, Globalstar’s 1-year stock return has outperformed a number of the world’s most popular cryptocurrencies: Bitcoin Cash (CRYPTO: BCH), Litecoin (CRYPTO: LTC) and XRP (CRYPTO: XRP).

Globalstar is a telecommunications company that derives its revenue from providing mobile satellite services, which customers typically use if existing terrestrial telecommunications networks are down or non-existent.

Globalstar provides communication services such as two-way and one-way transmission of voice and data. Globalstar is also the owner of satellite assets and generates the vast majority of its revenue within the United States

Ahead of the Apple iPhone 13 launch in mid-September, Globalstar shares gained some momentum after analyst Ming-Chi Kuo of TF International Securities said in a report… Read more

Here’s how the proceeds are broken down from October 2020 to the present:

  • Bitcoin Cash Increased from $262.32 to $601.76 for a return of 129.39%
  • Litecoin It rose from $49.58 to $180.53 for a return of 264.12%.
  • XRP It rose from $0.25 to $1.13 for a return of 352.00%.
  • Finally, Globalstar rose from $0.32 to $1.64 for a return of 412.50%.

Image source Wikilmages

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