First Mover Americas: Avalanche and Near Lead Weekly Gains
CoinDesk
17 Nov 2023 1:49 PM
The latest price moves in crypto markets in context for Nov. 17, 2023....
- Avalanche's AVAX token and Near Protocol's NEAR performed well in the past week, with AVAX gaining almost 50% and NEAR adding more than 18%.
- Avalanche's inclusion in the Monetary Authority of Singapore's tokenization initiative, Project Guardian, is seen as a catalyst for AVAX's increase.
- NEAR likely drew strength from developments announced at its annual Nearcon conference in Lisbon.
- Bitcoin and ether experienced losses, with Bitcoin dropping 3% and ether falling 6%.
- BlackRock filed an S-1 form for its iShares Ethereum Trust, a spot ether exchange-traded fund.
- CoinShares secured an exclusive option to buy the ETF unit of Valkyrie Investments, positioning itself for a potential spot bitcoin ETF in the U.S.
The sentiment of the article is generally positive, highlighting the performance of AVAX and NEAR, as well as the potential developments in the crypto market, such as the filing of an S-1 form for an ether ETF and the acquisition option for a bitcoin ETF.
You May Ask
Which cryptocurrencies performed well in the past week?What is the potential catalyst for AVAX's increase in value?What developments were announced at NEAR's annual Nearcon conference?What filings were made for spot ETFs in the crypto market?What is CoinShares' strategy for entering the U.S. market with a potential bitcoin ETF?