Why Shares of Cardano, Polygon, and Kadena Are All Rising Today
The price of many altcoins rose nicely as the broader crypto market rallied over the weekend and into Monday, after what has been a difficult few months of trading.
The price of Cardano (CRYPTO: ADA) is trading nearly 7% higher over the last 24 hours as of 11:55 a.m. EST, while the price of Polygon (CRYPTO: MATIC) and Kadena (CRYPTO: KDA) traded nearly 14% and roughly 25% higher, respectively.
Like many sectors in the stock market, the crypto market has struggled since November. This is partly because of the Federal Reserve's abrupt change from loose monetary policy that involved low interest rates and quantitative easing to an outlook that involves much tighter policy.
Source Fool.com