Why Solana, Cardano, Polkadot, and Dogecoin All Plunged Today

·2 min read
Why Solana, Cardano, Polkadot, and Dogecoin All Plunged Today

The cryptocurrency industry is taking a hard hit in trading on Friday, and there doesn't seem to be any end in sight to the sell-off. Every major cryptocurrency has been down double digits at some point today, and some smaller cryptocurrencies, known as altcoins, are down 20% or more. In the past 24 hours, as of 11 a.m. ET, Solana (CRYPTO: SOL) had fallen as much as 19%, Cardano (CRYPTO: ADA) had dropped 16.4%, Polkadot (CRYPTO: DOT) had tumbled 16.3%, and Dogecoin (CRYPTO: DOGE) was off 11.8%.

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