Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos, Sentiment Remains in ‘Extreme Fear’
- Date: 14-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos, Sentiment Remains in ‘Extreme Fear’
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Major cryptocurrencies rallied the past 24 hours, erasing some of Thursday’s slide and adding 13% to the overall market capitalization, though a gauge of market sentiment weakened from Thursday's level.
Cardano’s ADA jumped as much as 40%, leading gains among the biggest cryptocurrencies. BNB Chain’s BNB spiked 30%, Solana’s SOL added 25%, and XRP added 22% during the morning in Asia. The recovery came as bitcoin (BTC) and ether (ETH), the two largest cryptos, added over 12% each. Most of the largest cryptocurrencies rose at least 25%, with the likes of ApeCoin (APE) climbing as much as 57%.
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