Why Cardano Was on Fire Today
It was swept up in a broad and powerful cryptocurrency rally.
Overview
Bolstered by a sustained rally and some price-boosting news of its own, Cardano (CRYPTO: ADA) was quite the popular cryptocurrency on the last workday of the week. In late-afternoon trading on Friday, the coin was up more than 16%.
Led by their most popular member, Bitcoin, cryptos tend to move in concert as an asset class. That's because, for the most part, the macroeconomic and other factors that move one tend to affect all.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.