MANA - Why Solana Led Cryptocurrencies Higher This Week
2023-11-03 15:38:10 ET
The cryptocurrency market surged this week as investors digested the Federal Reserve keeping rates flat at its policy meeting, the Sam Bankman-Fried trial, and earnings season. The Federal Reserve's decision to pause rate hikes was the most impactful, because the bullish sign for the stock market drove the more volatile crypto market to charge higher. It helped that earnings have been strong for the most part, giving investors a reason to buy higher-risk assets like crypto.
Three of the most notable movers were Solana (CRYPTO: SOL) , Decentraland (CRYPTO: MANA) , and Theta Network (CRYPTO: THETA) , which rose as much as 39.8%, 23.6%, and 20.6% respectively over the past week.
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Why Solana Led Cryptocurrencies Higher This Week