Why Solana, Avalanche, and Cardano Are Skyrocketing Today

It's starting to feel a lot like 2021 again, at least for cryptocurrency investors. The broad-based market rally in digital assets is continuing, with Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Cardano (CRYPTO: ADA) among today's biggest winners. As of 2:45 p.m. ET, these three tokens have surged 5%, 11.3%, and 5.7% respectively since 4 p.m. ET yesterday.

These moves come as the world's largest cryptocurrency, Bitcoin, continues to march higher, recently breaking through the $110,000 level. Thus, this market rally can certainly be perceived as one that's not only top-down (Solana, Avalanche, and Cardano are all top-15 tokens by market capitalization), but it's pervasive as well, with tokens of varying sizes also outperforming equities and other risk assets right now.

With that said, let's dive into some of the token-specific catalysts taking these three cryptos higher today.

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Source Fool.com