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Peter Davis

An writer at FOMOdrive


  • Jan 02, 2024
  • 2 min read

Bitcoin, orange juice and cocoa are the best assets of 2023

For 2023, the top stocks to consider are orange juice, cocoa, and the Nasdaq 100.

The US high-tech index is not far ahead of the Moscow Exchange index.

At the end of the year, the dollar index experienced a moderate decrease.

After the currencies of Argentina and Turkey, the ruble became the third worst performing currency of the year.

DX

Over the past year, the dollar has weakened against most major currencies. The dollar index experienced fluctuations between growth and decline, but ultimately ended the year with a 1% decrease, likely due to the conclusion of the Federal Reserve's rate hike cycle.

The Swiss franc and the British pound had the highest increases against the dollar, with 9.8% and 5.6%, respectively. The euro and the Canadian dollar had more modest gains of 3.2% and 2.3%. The Japanese yen was the weakest major currency of 2023, dropping by 5.7%, although it did make some gains towards the end of the year.

In 2023, the ruble experienced a sharp decline after having been the world's top-performing currency the year before. Compared to the dollar, the ruble dropped by 29%, while it fell by 34% and 27% against the euro and yuan, respectively.

GC

Orange juice was the top performing asset for the second consecutive year, increasing by 84.5%. Cocoa followed in second place, with a 60.7% rise in prices in New York to a 46-year high due to a poor harvest in the main production area of West Africa.

In 2023, stock indices experienced a significant increase. The Nasdaq 100 index of US high-tech companies had the highest growth rate at 44.7%, followed by the Nikkei 225 at 28.3%, S&P 500 at 18.8%, Euro Stoxx 50 at 17.5%, and DAX at 14.6%.

In 2023, the Moscow Exchange index saw a 43.9% increase, making up for the 43.1% decrease it experienced the year before. Additionally, the RTS dollar index rose by 11.6%.

The US Stock Market Fear and Volatility Index VIX saw the greatest decrease in performance at -68.6%, followed by natural gas at -57%, palladium at -40.1%, wheat at -27.1%, and corn at -24.7%.

Over the course of the year, Bitcoin saw an increase of 157%, outperforming all other traditional market assets. Even more impressive was the growth of some altcoins, such as Solana, which rose by a staggering 935%.

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