Avalanche (AVAX) Sees Surge After J.P. Morgan News
Recently, banking giant J.P. Morgan used the blockchain to tokenize portfolios with the help of Avalanche (AVAX). J.P. Morgan’s Onyx collaborated with Apollo Global and the Monetary Authority of Singapore’s Project Guardian in a proof-of-concept that utilized an Avalanche subnet, demonstrating the blockchain’s potential.
Crypto Market Update
At the time of writing, AVAX has surged nearly 14% in 24 hours, outperforming the top 20 coins and tokens. Its current trading price is just under $23, according to CoinGecko. Over the past seven days, Avalanche has seen a significant gain of nearly 67%, reaching close to $24 overnight.
Meanwhile, Dogecoin (DOGE) has also experienced a 4% increase in 24 hours, with a price of $0.076 per coin. Cardano (ADA), the ninth largest digital asset by market cap, has made gains of over 3% in the past day and is now valued above $0.38.
Bitcoin (BTC) is up just 0.3% in the past day, trading at $36,482. Ethereum (ETH) has fallen by nearly 1%, despite BlackRock filing for a spot ETH exchange-traded fund (ETF) on Thursday. The second-largest digital asset by market cap is trading at around $2,000 per coin.
Ordi (ORDI) has jumped by more than 16% and is currently trading for $25.89 after being listed on Binance last week as the first-ever Bitcoin BRC-20 token. Solana (SOL), which touched a new yearly high recently, was down nearly 1% Thursday morning, trading at $61.40 per coin.
Hot Take: Cryptocurrency Market Continues to Show Volatility
The cryptocurrency market continues to demonstrate volatility as various digital assets experience fluctuations in value. While some tokens like AVAX and DOGE are on an upward trajectory, others such as BTC and ETH are facing more modest movements. The continued interest and investments in these assets indicate a dynamic and rapidly evolving market.
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