Solana, Dogecoin, and Cardano saw significant gains compared to the rest of the crypto market on Wednesday. SOL rose by 6.3% to $220, DOGE climbed 7.7% to $0.245, and ADA increased by 6.6% to $0.84. The broader crypto market capitalization rose by 3.3% since Tuesday.

The U.S. Congress failed to pass a continuing resolution, risking a government shutdown. Analysts predict potential volatility in crypto markets due to delays in economic reports. Some view any dip as a buying opportunity.

The Federal Open Markets Committee will meet to discuss adjusting federal interest rates. Lowered rates typically benefit risk-on assets like equities and crypto. Myriad users predict a 25-basis point cut approval at the next meeting.

Bitcoin surged past $117,000, while Ethereum surpassed $4,300. The S&P 500 closed near a monthly high despite the government shutdown risk. Analysts believe a shutdown will not significantly impact risk assets.

Altcoins like Solana are expected to see ETF approvals, boosting their performance. Solana exchange-traded products have already attracted significant investment, with one fund pulling in $21.5 million in inflows this week. The Rex-Osprey SOL + Staking ETF has $349 million in assets under management.

Read more at Yahoo Finance: Solana, Dogecoin and Cardano Surge as Broader Crypto Market Rises