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AVAX, NEAR Beat Ether and Bitcoin as Wall of Red Continues in Asia

Avalanche's native token AVAX and Near Protocol's NEAR held early solid Friday as the broader market trimmed gains from early this week, taking cues from equities. AVAX boasted a 24-hour gain of 8.2% at press time, with NEAR trading 6% higher. Meanwhile, bitcoin was down 2.5% in the last 24 hours, trading below $36,500, while ether is down 3.3% and changing hands under $2,000. Avalanche's inclusion in the Monetary Authority of Singapore's (MAS) tokenization initiative Project Guardian likely galvanized investor interest in its native token AVAX. Under MAS's Project Guardian, Onyx by J.P. Morgan and Apollo Global demonstrated a blockchain Proof of Concept for revolutionizing asset management.

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