Why Ethereum, Cardano, and Solana Are Making Big Moves This Week

After intense sell-offs driven by concerns related to regulatory threats and the emergence of the coronavirus omicron variant, many leading cryptocurrencies have posted strong gains over the last seven days of trading. The tokens of Ethereum (CRYPTO: ETH), Cardano (CRYPTO: ADA), and Solana (CRYPTO: SOL) are up roughly 6.5, 3.5%, and 12.6%, respectively, over the past week as of 2:30 p.m. ET today. Resurgent bullish momentum in the crypto space after its recent volatility appears to be the biggest catalyst behind each token's gains in the past seven days, but there are also some coin-specific factors that are likely influencing the increases.