Why Near Protocol, Luna, Cosmos, and Fantom Skyrocketed Higher Today

Cryptocurrencies continue to be volatile assets heading into the new year, but there's some positive news coming from what we often call altcoins. In the last 24 hours, Near Protocol (CRYPTO: NEAR) was up as much as 30.7% and is trading 30.1% higher at 11:50 a.m. ET, leading the crypto market. 

Smaller but still major moves were being made by other altcoins. Terra's Luna (CRYPTO: LUNA) coin popped as much as 15.3%, Cosmos (CRYPTO: ATOM) jumped 18.1%, and Fantom (CRYPTO: ATOM) was up 16.9%. The cryptocurrencies are up 8.5%, 18%, and 12.7% respectively as of 11:50 a.m. 

Image source: Getty Images.

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Source Fool.com