NEAR - Why Altcoins Like Cardano and Solana Were Surging Today
The prices of many altcoins were rising high on Wednesday in a widespread rally emanating from the top down. The top, in this case, is President Joe Biden, who signed an executive order on cryptocurrencies that really gave some zip to the asset class.
It was hard to go wrong today with crypto holdings. Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) were both up by over 5% as of mid-afternoon trading, while Polkadot (CRYPTO: DOT) lagged slightly behind them. Enjoying higher pops were Arweave (CRYPTO: AR) and Near (CRYPTO: NEAR) , both of which were inching toward a 17% gain.
Citing statistics showing that roughly 16% of adult Americans have transacted in cryptocurrencies , the White House wrote in a fact sheet that it was taking "the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology."
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Why Altcoins Like Cardano and Solana Were Surging Today