From Nasdaq: 2024-06-04 09:14:00

The cryptocurrency rally has paused with Bitcoin trading below $69,000 after hitting an all-time high of $73,750 in March. Despite optimism for Federal Reserve interest rate cuts, Bitcoin has fallen 16% but gained 56.2% year to date and over 207% in 2023.

Four crypto-oriented stocks with strong potential in 2024 are highlighted. NVIDIA (NVDA) is a leader in visual computing with an expected earnings growth rate of 107.1%. Coinbase (COIN) offers financial infrastructure with anticipated earnings growth of over 100%. Interactive Brokers (IBKR) trades in cryptocurrencies and has an expected earnings growth rate of 12.9%. Robinhood Markets (HOOD) operates a financial platform with an expected earnings growth rate of 200%.

In anticipation of renewed momentum for Bitcoin, investors are eyeing potential crypto stocks for the next rally. Zacks Investment Research has identified opportunities for high returns in 2024, including stocks with the potential to double or more. Flying under Wall Street radar, these picks offer a chance to enter at the ground level for significant gains.

Read more at Nasdaq: 4 Solid Crypto Stocks to Buy Before the Next Bitcoin Rally