Crypto Prices Today: Cardano, Polygon Slip Around 6%, Solana Drops Over 8% As Market Trades In Red

Crypto Prices Today: The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a decline. As of writing, Bitcoin price has decreased by 0.96% in the last 24 hours.

Timeline of Cardano, Polygon, Solana

Cardano [ADA], the decentralized Proof-of-Stake (PoS) blockchain, has put up with consistent neglect by folks in the crypto-channel. The lack of attention given to the network might be surprising though, especially as the ecosystem reacted positively to recent crises in the industry.

Institutional cryptocurrency investors have raised their bets on cryptocurrency investment products offering them exposure to Solana ($SOL) and $XRP, the native token of the XRP Ledger, during the past week, which saw record outflows from crypto investment products.

While the bears have controlled MATIC's market since mid-February, bulls only gained considerable leverage on 10 March. At the time, while the price action rebounded from $0.943, it has since faced stiff resistance levels.

Cardano had attempted to recover on its chart in the past week, but the bulls could not sustain the attempted upward movement. Over the last 24 hours, ADA dipped close to 9%, and in the previous week, it registered a loss of 1%.

The MATIC price failure to sustain above the $1.18 support threatens the coin holders with a prolonged correction. Despite the recent recovery attempt, the buyers' inability to sustain the above higher levels indicates the market participants are interested in selling on rallies.

Cardano [ADA] rebounded strongly after hitting its recent low of $0.3020 on 12 March. It saw aggressive buying at the above lows pushing its price break key resistances as Bitcoin [BTC] surged to the $26k area.

A Solana ($SOL) whale has, according to transaction data from the cryptocurrency's blockchain, deposited $10.2 million worth of the smart contract platform's native currency to Coinbase, a leading US-based cryptocurrency exchange.

Over the past few days, Solana has been attempting to reverse its price action. Over the last 24 hours, the altcoin surged above 11%, bringing the price to a crucial level at press time.

Cardano price analysis shows an uptrend today as the digital asset has seen a series of higher highs and higher lows. The current price stands at $0.3614, up from yesterday's low of just over $0.35.

Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem.