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- Revolut has announced plans to remove Cardano, Solana, and Polygon from its platform by September 18.
- Cardano, Solana, and Polygon have defied the delisting announcement with notable price increases.
- Market demand and resilience are driving the price growth of these cryptocurrencies.
Recently, the well-known banking and cryptocurrency trading service Revolut revealed its intention to delist three prominent cryptocurrencies: Cardano (ADA), Solana (SOL), and Polygon (MATIC) from its U.S. trading platform by September 18.
This decision appears to be influenced by evolving laws and regulations regarding cryptocurrencies in the nation. Nevertheless, in spite of this challenge, the three cryptocurrencies have exhibited resilience and commenced July on a strong note, significantly recovering from their lows in June 2023.
Cardano(ADA), Solana (SOL), And Polygon (MATIC): Resilient Coins
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Cardano, Solana, and Polygon have consistently proven to be robust and resilient cryptocurrencies, having previously encountered regulatory obstacles. Even when classified as securities by the SEC, they managed to endure the crypto market turbulence and experienced notable price increases. Thus, this recent price surge was not unexpected by the community.
Moreover, it is important to highlight that as Bitcoin’s market dominance diminishes, it has created opportunities for an altcoin rally, with these cryptocurrencies leading the charge. Cardano (ADA) recently reached an all-time high of $0.0307 this week, demonstrating strong resilience despite the news of Revolut’s delisting. The current price of ADA is $0.2963, reflecting a rise of 1.08%.
Solana (SOL) faced a decline over the past month but has rebounded by approximately 50% from its June 2023 lows, when it fell to as low as $13. The current price of SOL is $19.22.
Regarding Polygon (MATIC), it experienced a notable increase of 3.03% within 24 hours, remaining unaffected by the delisting announcement from Revolut. Over the past week, it has seen a rise of 8.56%. With new developments regarding Polygon 2.0 and the altcoin season gaining traction, Polygon is anticipated to transform its previously negative month into a positive one.
Despite Revolut’s choice to delist these tokens, they remain actively tradable on major global exchanges such as Binance and KuCoin, which are recognized for their substantial liquidity. The SEC’s actions against these cryptocurrencies have prompted several platforms in the country to remove them from their listings.
However, in spite of regulatory hurdles and delisting announcements, Cardano, Solana, and Polygon have shown their resilience and potential, making them significant assets to monitor in the dynamic cryptocurrency market.
