Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday

Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.

Cardano (ADA) rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets. Following a low of $0.38 on Tuesday, ADA/USD raced to an intraday high of $0.4166 earlier in today’s session. Today’s surge in price saw cardano climb to its highest point in six days, since when the token was trading above a ceiling at $0.4200.

Additionally solana (SOL) was another notable mover on Wednesday, as the token was also nearly 9% higher. SOL/USD rose to a peak of $22.92 earlier in the day, after almost breaking out of a floor at $20.00 the day prior. As a result of today’s gains, solana is now on the cusp of colliding with its long-term ceiling at $23.00.

(by Eliman Dambell)

Cardano $0.44

-1.71%

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