Why XRP, Cardano, and Polkadot Are Surging Higher Today

Today's surge in valuations across top cryptocurrencies signals strong interest is continuing to build with these risk assets. As of 12:10 p.m. ET, XRP (CRYPTO: XRP), Cardano (CRYPTO: ADA), and Polkadot (CRYPTO: DOT) surged 5.1%, 8%, and 8.2%, respectively, over the past 24 hours. 

These moves have transpired despite rather weak price action in equity markets today. Whether this means that the crypto sector is decoupling from a rather strong correlation with other risk assets remains to be seen. However, this is something I intend to keep my eye on. 

Image source: Getty Images.

Continue reading


Source Fool.com