Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs
The value of both Solana and Cardano spiked by over 21 percent late Sunday, according to data from CoinGecko, both reentering territory not seen by either since November. Cardano, the eighth-largest cryptocurrency by market cap, saw its price spike to $0.33—a price not seen since November 19.
Meanwhile, Solana, which kicked off a remarkable run with an 11% jump in value on Monday, spiked again Sunday to $16.04, territory it hasn't seen since Nov. 9, when it was partway through a collapse of more than 50% over the prior three days. Solana saw the best first week of the year out of any top-2o coin, today clearing a 60% increase over seven days. It's a remarkable rebound for SOL, which plummeted more than 41% in the wake of the FTX collapse.
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