28 C
New York
Sunday, July 21, 2024

Rally in Cardano, Solana, Polygon Despite Regulatory Setbacks

Must read

Cardano, Solana, Polygon Despite Regulatory setbacks

Cardano, Solana, Polygon Despite Regulatory setbacks

  • Revolut announced to delist Cardano, Solana, and Polygon by September 18.
  • Cardano, Solana, and Polygon defy delisting news with impressive rallies.
  • Resilience and market demand fuel price growth for these cryptocurrencies.

In recent news, the popular banking and crypto trading platform Revolut announced its plans to delist three major cryptocurrencies: Cardano (ADA), Solana (SOL), and Polygon (MATIC), from its trading platform in the United States by September 18.

The decision was reportedly influenced by shifting laws and regulations surrounding cryptocurrencies in the country. However, despite this setback, the three coins have shown resilience and have started July on a positive note, recovering significantly from their June 2023 lows.

Cardano(ADA), Solana (SOL), And Polygon (MATIC): Resilient Coins

Cardano, Solana, and Polygon have been strong and resilient coins for a long time, as they have faced regulatory hurdles before. Even when listed as securities by the SEC, they withstood the crypto storm and showed significant price surges. So This recent surge did not come as a surprise to the community.

Additionally, it is worth noting that as Bitcoin’s market dominance is decreasing, it has paved the way for the altcoin rally, with these coins being at the forefront of the surge. Cardano (ADA) recently hit an all-time high of $0.0307 this week, showing strong resilience despite the Revolut delisting news. The current price of ADA is $0.2963 with a surge of 1.08%.

Solana (SOL) experienced a downturn in the past month but surged approximately 50% from its June 2023 lows. It is when it plummeted to as low as $13. The current price of SOL stands at $19.22.

As for Polygon (MATIC), it saw a significant surge of 3.03% in 24 hours, unaffected by Revolut’s delisting news. Looking at the past week, it saw a surge of 8.56%. With new updates on Polygon 2.0 and the altcoin season gaining momentum. Polygon is expected to turn its previous red month into a green one.

Despite Revolut’s decision to delist these tokens, they continue to be highly tradable on major global exchanges like Binance and KuCoin, known for their extensive liquidity. The SEC’s actions against these coins have led to several platforms in the country removing them from their offerings.

However, despite regulatory challenges and delisting news, Cardano, Solana, and Polygon have demonstrated their resilience and potential, making them essential assets to watch in the evolving cryptocurrency market.

More articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 comments
Inline Feedbacks
View all comments

Latest News