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Why Altcoins Jumped Again Today

TheMotleyFool

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The crypto market continues to swing wildly, with Bitcoin and Ethereum rising or falling 5% nearly every day this week. That movement has pulled most altcoins with it and today is no different.

The value of Phantom (CRYPTO: FTM) rose as much as 10.8% in the last 24 hours, although it has fallen sharply this morning and is down 2.3% in the last 24 hours at 2:20 p.m. EDT. Polygon (CRYPTO: MATIC) is another cryptocurrency that's had a great day, climbing 12.7%. Finally, NEAR Protocol (CRYPTO: NEAR) rose as much as 11.7% but is now up just 2.3% in the last day.

Image source: Getty Images.

Source Fool.com

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