Why Avalanche, Cardano and Shiba Inu Absolutely Skyrocketed This Past Week
For those who haven't been paying attention, cryptocurrencies are broadly ripping higher. A culmination of factors, including ramped-up bets that the Federal Reserve has completed its hiking cycle and some stabilization in the U.S. dollar, are driving bond yields lower and spurring newfound interest in alternative risk assets.
Moving out on the risk curve, investors looking to add risk (and return potential) to their portfolios appear to be targeting key cryptocurrencies to play this momentum.
Among the three most in-demand cryptos over this past week have been Avalanche (CRYPTO: AVAX), Cardano (CRYPTO: ADA) and Shiba Inu (CRYPTO: SHIB). As of 2 p.m. ET, these three tokens have skyrocketed 31.8%, 39.4% and 20.4%, respectively, since 4 p.m. ET last Friday.
Source Fool.com
