ONE - Why Dogecoin Monero and Harmony Are Soaring Today
Today, a range of top cryptocurrencies are once again seeing buying pressure materialize. Meme token Dogecoin (CRYPTO: DOGE) surged 3% higher over the past 24 hours, as of 11 a.m. ET. Over the same time frame, security token Monero (CRYPTO: XMR) and Layer 2 blockchain network Harmony (CRYPTO: ONE) rose 7.6% and 7%, respectively.
It should be noted that, earlier this morning, each of these tokens surged substantially higher. However, as we've seen in previous days, cryptocurrencies appear to be moving in high correlation to tech stocks, with this morning's sell-off related to rising interest rates taking most risk assets lower.
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Why Dogecoin, Monero, and Harmony Are Soaring Today