Here's Why Solana, Arweave, and OMG Network Are Soaring This Week

It's been another week of strong trading for many altcoins. Solana (CRYPTO: SOL), Arweave (CRYPTO: AR), and OMG Network (CRYPTO: OMG) were among the beneficiaries of the bullish market momentum, with their tokens up roughly 17%, 45%, and 26%, respectively, as of 7:15 p.m. EDT on Friday, according to data from S&P Global Market Intelligence. 

In addition to bullish momentum in the overall cryptocurrency space, Solana and Arweave appear to have gotten a boost from a new funding initiative for blockchain gaming. Meanwhile, OMG Network token owners are set to receive a new supplementary token, and that's creating pricing momentum. 

Image source: Getty Images.

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Source Fool.com