SOL - Why Polkadot Solana and Cardano Are 3 Altcoins in Focus Today
Today's price action among various altcoins that have outpaced the broader market by a wide margin are grabbing attention. As of noon ET, Polkadot (CRYPTO: DOT) , Solana (CRYPTO: SOL) , and Cardano (CRYPTO: ADA) are tokens that are gaining steam, surging 7.2%, 5.1%, and 2.7%, respectively, over the past 24 hours.
Amid a range of bullish catalysts that have taken the cryptocurrency sector higher, many investors remain focused on Ethereum 's upcoming Merge. With this update set to revolutionize the world's largest decentralized finance (DeFi) ecosystem via a move to proof-of-stake consensus validation, other proof-of-stake altcoins are starting to pick up steam as Ethereum alternatives.
Polkadot's surge appears to be tied to recent reports that the Web3 Foundation exceeded 400 project grants on Polkadot. This suggests that Polkadot's ecosystem growth rate could be better than many investors expect.
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Why Polkadot, Solana, and Cardano Are 3 Altcoins in Focus Today