Latest, check it out quickly!! How these four major cryptocurrencies will beat the Nasdaq Composite Index in 2024

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The U.S. stock market has seen gains over the past year that exceed historical levels. As of Christmas Day, the Nasdaq Composite Index has risen 33% year-to-date. However, several crypto assets have grown at a pace far exceeding most stocks.

Moreover, even in a year where the historical average annual returns for many stocks have doubled or tripled, the annual returns for leading cryptocurrencies have also surpassed 100%.

After years of operation, a milestone victory was achieved in U.S. courts against the U.S. Securities and Exchange Commission regulatory agency, with two of them even becoming Wall Street ETFs, making these crypto assets less risky for investors than ever before.

This does not mean that buying these digital assets comes without risk, just as buying stocks like Apple or Amazon carries risk. But well-educated investors must scratch their heads when seeing these astonishing reports of currency price increases, questioning whether it is real, as such times are long gone.

They are currently in a bull market phase of a multi-year boom and bust cycle. This means their exchange rate against the dollar has been rising for several months and may continue to rise until all market demand is exhausted. Then, prices may retrace again for the remainder of this market cycle.

Four major cryptocurrencies beating Wall Street

Here are each asset with an explanation of how they have outperformed the tech stock returns in the Nasdaq Composite Index this year. For reference, as of Thursday, December 26, the Nasdaq Index rose by 33%, and the Nasdaq Index is a broad benchmark for U.S. tech stock performance.

Meanwhile, the four cryptocurrencies presented here have also risen accordingly:

Bitcoin: 126% Ethereum: 49%

Solana: 75% Ripple: 247%

Historically, it has taken the Nasdaq up to ten years or even longer to return such gains to its stock market capitalization. These crypto assets have done it in just one year, and this is certainly not the first time they have performed so outstandingly within a year.

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