Why Crypto Altcoins Jumped in Trading This Weekend
The crypto market continued its hot streak late on Friday and into Saturday, this time led by altcoins focused on speed and utility to gain adoption. Bitcoin and Ethereum have gotten much attention lately, but many altcoins have gained more in value.
Mid-day on Saturday, Algorand (CRYPTO: ALGO) is up 10.3% in the last 24 hours, Fantom (CRYPTO: FTM) is up 11.5%, Avalanche (CRYPTO: AVAX) rose 13.4%, and Polkadot (CRYPTO: DOT) is up 6.8%. As always, there's been a lot of volatility, but the moves appear to be holding as weekend volume slows down.
Altcoins are leading the crypto market recovery, and various tokens have jumped in just the last few months. There's some more bullishness from the market tied to falling interest rates, rising growth stocks that correlate to crypto, and a steady march to more regulatory clarity.
Source Fool.com
