Ethereum Rallies to $2,300 as Gas Fees Drop – Yahoo Finance

Ethereum Rallies to $2,300 as Gas Fees Drop – Yahoo Finance

InvestorPlace

The Top Reddit Stocks (And Dogecoin) Have Created Bubbles. Here’s What to Do Next.

What two things do electric vehicle (EV) and marijuana stocks have in common? One, both industries became retail-investor darlings last year. Many companies in these sectors became known as “top Reddit stocks” for their prominence on the freewheeling r/WallStreetBets subreddit. Source: TY Lim / Shutterstock.com The second similarity is less obvious: Both were “Top Reddit Stock” bubbles that have burst this year. Regular investors might have missed that the average top-10 stock in each industry is down 60% from its peak. Analysts expect more losses to come. Yet, the Reddit stock bubble is unlike anything we’ve quite seen before. Rather than sending investors panicking, these bubble bursts have spawned more manias in their wake. This week, Dogecoin (CCC:DOGE-USD) briefly became the fifth-largest cryptocurrency despite having no clear ambitions for real-world use; investors who bought $10,000 DOGE in January could have sold out for almost $1 million last week.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Meanwhile, traditional investors have started worrying about missing out. Once off-limit investments like Tesla (NASDAQ:TSLA) and Bitcoin (CCC:BTC-USD) have gone mainstream as institutional investors reach for returns. “Institutions are buying up more bitcoin per month than the ones that are being mined,” said Alessandro Andreotti, an over-the-counter (OTC) Bitcoin
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