Why Cardano, Polkadot, and Solana All Popped on Tuesday

There was a big bounce in cryptocurrencies on Tuesday as investors bought risk assets in a big way. Not only is the S&P 500 up 2.1% at 11:30 a.m. ET, the Nasdaq Composite is up 2.8% and many high-growth stocks that have been beaten up over the past few weeks are up double digits. 

Three of the most notable moves in cryptocurrencies are Cardano (CRYPTO: ADA) trading 6.9% higher over the past 24 hours, Polkadot (CRYPTO: DOT) gaining 14.7%, and Solana (CRYPTO: SOL) rising 3.5%. Those are nice moves for investors, but keep in mind that the cryptocurrencies are down 11.1%, 15.3%, and 3.9%, respectively, over the past week. 

Image source: Getty Images.

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Source Fool.com