As of April 5, the Nasdaq Composite Index has soared 43% in 2024. This performance has been lifted by strong gains for dominant tech companies.

But the cryptocurrency market has said, "Not so fast." From the beginning of last year to today, the digital asset industry's entire value has more than tripled. Investors are flocking to the riskiest asset class in dramatic fashion.

It's no surprise that some of the most speculative tokens are experiencing strong momentum, particularly more recently. For example, Shiba Inu (CRYPTO: SHIB) has skyrocketed roughly 150% in the past few weeks. Maybe there's growing interest that more spot ETFs will be approved following Bitcoin.

Continue reading

Source Fool.com