AVAX and Near Outshines Bitcoin as they Attract New Investors
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AVAX and Near Outshines Bitcoin as they Attract New Investors

AltcoinsBitcoin

By Miles

17 Nov 2023

1 min read

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Avalanche's AVAX and Near Protocol's NEAR tokens rise, outshining bitcoin and ether, fueled by Project Guardian and Nearcon news.

AVAX and NEAR Tokens Rise Amid Market Adjustments 

Avalanche's AVAX and Near Protocol's NEAR tokens rose in the early hours of Friday, performing better than the overall crypto market. AVAX was up 8.2%, while NEAR was up 6%. Bitcoin and ether, on the other hand, fell, with bitcoin trading below $36,500 and ether trading below $2,000.

The participation of Avalanche in the Monetary Authority of Singapore's (MAS) Project Guardian sparked the interest of investors in AVAX. This project showed blockchain applications in asset management and foreign exchange trade simulations, emphasizing the use of tokenization and smart contracts in financial services.

NEAR's high performance is mostly because of the recent cheerful news from the Nearcon conference, signaling a positive outlook for the cryptocurrency.

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