SOL - Why Solana Avalanche and Fantom Are Seeing Impressive Upside Today
Sustained momentum is starting to be seen in the crypto sector in recent days. Some of the top tokens experiencing consistent upside have been various Ethereum alternatives. Networks such as Solana (CRYPTO: SOL) , Avalanche (CRYPTO: AVAX) , and Fantom (CRYPTO: FTM) have surged alongside the broader market on a range of bullish catalysts. As of 3 p.m. ET, these three tokens are up 2.1%, 7.2%, and 7.2%, respectively, over the past 24 hours.
Most of today's enthusiasm among these three tokens stems from expectations that cryptocurrencies could play a larger role in the global financial system, given the sanctions and systemic financial risks now seen in Russia. A large crypto market, Russia is the focus of a tremendous amount of attention lately, given the country's invasion of Ukraine this past week.
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Why Solana, Avalanche, and Fantom Are Seeing Impressive Upside Today