AVAX and an Altcoin Win Against Bitcoin: Reasons Behind!

While the correction in Bitcoin deepened a little, the rises in Avalanche (AVAX) and Near Protocol (NEAR) attracted attention.

Bitcoin 35,500 to 36,600 While NEAR and AVAX are in the range to the rises testified. AVAX within a few days 50% increase performance While NEAR exhibits in the same process 35% experienced an increase in value.

Both cryptocurrencies are at their rising levels in Bitcoin (BTC) While there was a retreat with the correction, the reason behind the performance was wondered.

Avalanche’s Central Bank of Singapore (MAS) Its inclusion in Project Guardian, a tokenization initiative launched by AVAX on the rise It is thought to be a significant cause.

According to the information received from the statements made by Avalanche and MAS ProjectGuardian from the banking sector within the scope of JPMorgan’s description of using the network and Citi The partnership with rise started it.

AVAX price with this announcement $16.21 from levels for $24.69 increased by . Later, with the correction in Bitcoin, the price fell to the same level as at the time of writing. for $20.59 decreased by .

on the other hand of NEAR It is thought that it experienced an increase thanks to the positive statements announced during the Nearcon conference. NEAR, He announced that he had partnered with Nym Technologies.

NEAR price with announcements $1.45 from levels for $1.95 increased by . NEAR price too Bitcoin It became one of the altcoins that experienced a decline along with .

However, both altcoins lost their value in the 3-day period. Bitcoin (BTC) price performance It made its investors happy by winning against it.

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