Why Dogecoin, Polkadot, and The Sandbox All Jumped Friday
Cryptocurrencies are ending the week on an upbeat note, with many up by double-digit percentages as of mid-afternoon on Friday. Some of those gains come alongside the stock market's rise. The trends in crypto valuations in the last few months have become more correlated with the price movements of higher-risk growth stocks. But some of Friday's upward momentum could also stem from the possibility that Congress may give the crypto industry a boost.
As of 2:40 p.m. ET Friday, Dogecoin (CRYPTO: DOGE) had been up by as much as 6% in the prior 24 hours, Polkadot (CRYPTO: DOT) had been up by 10.4%, and The Sandbox (CRYPTO: SAND) had gained as much as 10.1%. The three cryptocurrencies were up by 5.6%, 9.7%, and 9.2%, respectively, in the last day at the time of this writing.
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Source Fool.com
