According to CoinMeta, Avalanche has recently won the favor of the New York Stock Exchange (NYSE), and will be used as the core ledger technology for its planned tokenized securities platform, subject to regulatory approval. Analysts call this a major credibility victory for Avalanche, but experts warn that it does not necessarily mean an increase in the price of AVAX. The AVAX tokens of Avalanche have risen by 3.6% in the past day and are currently priced at $8.64. Nevertheless, experts point out that providing the infrastructure does not guarantee long-term growth in the value of the tokens.