Avalanche Pumps 14% After JP Morgan Adoption, Bitcoin’s ORDI Pops 16%

0



Avalanche (AVAX) continued to surge Thursday following news that banking giant J.P. Morgan used the blockchain to tokenize portfolios. J.P. Morgan’s Onyx tapped an Avalanche subnet, or a dedicated version of the blockchain, in a proof-of-concept with Apollo Global and the Monetary Authority of Singapore’s Project Guardian

AVAX at the time of writing is up nearly 14% in 24 hours, leading the rally of the top 20 coins and tokens and trading for just under $23, according to CoinGecko. Avalanche neared $24 overnight, and has marked a nearly 67% gain over the past seven days.

Elsewhere, Dogecoin (DOGE) is another solid gainer out of the biggest cryptocurrencies: the original meme coin is up by 4% in 24 hours, coming in at a price of $0.076 per coin.

And Cardano (ADA), the ninth largest digital asset by market cap, has made gains of more than 3% in the past day; it is now valued above $0.38.

Priced at $36,482, Bitcoin (BTC) is up just 0.3% in the past day, while 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 right around $2,000 per coin.

Ordi (ORDI) also has jumped by more than 16% and is trading for $25.89. The first-ever Bitcoin BRC-20 token was listed on Binance, the world’s biggest cryptocurrency exchange, last week.

Solana (SOL), which received a boost yesterday and touched a new yearly high, was down nearly 1% Thursday morning, trading hands for $61.40 per coin. Renewed interest in the asset has meant that it has made the biggest gains in price out of the largest cryptocurrencies in recent weeks.

Edited by Andrew Hayward

Stay on top of crypto news, get daily updates in your inbox.



Source link

You might also like
Leave A Reply

Your email address will not be published.