Dan Gambardello believes AVAX’s current price success could be a sign of an “altcoin bull continuation.”
AVAX’s price rose by 14% after J.P. Morgan announced the use of the Avalanche blockchain to tokenize portfolios.
The altcoin was worth $23.43 after its price rose by over 3% in the past 24 hours.
The price of Avalanche (AVAX) is still climbing after the cryptocurrency had an extremely successful week in the market. The well-known trader and analyst Dan Gambardello also pointed out the token’s continued rise in one of his latest X posts. In fact, Gambardello believes AVAX’s success could be a “sign for altcoin bull continuation.”
Yesterday, AVAX saw a notable 14% upswing in its price after it was announced that the banking giant J.P. Morgan used the blockchain to tokenize portfolios. J.P. Morgan’s Onyx division collaborated with Apollo Global and the Monetary Authority of Singapore’s Project Guardian in a proof-of-concept project using an Avalanche subnet.
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