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AVAX briefly surged over 5%, currently at $8.47.

BlockBeats news, November 9th, according to HTX market data, influenced by the Bloomberg report that the New York Stock Exchange will settle tokenized stocks on the Avalanche blockchain, AVAX briefly surged over 5% and is now trading at $8.47.

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Compared to the meme effect brought about by “Solunavax”, the rise of AVAX comes more from the recent stable development ecology of Avalanche.
Perhaps affected by the cooperation news, the Avalanche ecological token rose by as much as 300% on the 7th.
AVAX is shifting from public chain competition to undertaking traditional finance on-chain.
"If you trust AVAX, you trust Trader Joe's. If you trust Trader Joe's, you trust AVAX"
KOL @0xJeff summarizes the 8 major reasons for the recent growth of AVAX
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