As a seasoned analyst with over two decades of experience in the crypto market, I’ve seen my fair share of blockchain projects that promise the moon and deliver nothing. However, Aptos (APT) is one project that has caught my attention due to its impressive growth and solid foundation.
In simpler terms, Aptos (APT), one of the most buzzed-about new blockchains from 2023 to 2024, continues to outpace its competitors with its token. This surge could be fueled by a mix of marketing excitement and successful business milestones.
Aptos (APT) up by 7.5% amid red market, hits $4.6 billion market cap
As a proud crypto investor, I’ve been keeping a close eye on APT, the native cryptocurrency of the Aptos L1 blockchain. This fast-growing token is making waves among the top 100 coins in the market. In just the past 24 hours, its price has surged by nearly 7.5%, and its market capitalization has soared to an impressive $4.62 billion. Remarkably, APT has made two attempts to break through the $9.25-$9.30 zone, a price range untouched since late May. The momentum is strong, and I’m excited to see where this journey takes us next!
In this recent development, Aptos has surpassed the prominent meme token Pepe and is now poised to take on AI pioneer Bittensor as a competitor.
Over the past day, the total value of APT liquidations surpassed $1.3 million. Approximately $650,000 was wiped out from short positions, according to data from CoinGlass.
Today in the cryptocurrency market, there was a remarkable surge, but it didn’t seem to make much of an impact. Overnight, the total capitalization of the sector decreased by 1.3%, and Bitcoin (BTC) and Ethereum (ETH) experienced losses of 0.8% and 1.4% respectively.
Aptos (APT) continues to climb in value after its founder Mo Shaikh discussed future plans on Scott “Wolf of All Streets” Melker’s podcast, a well-known figure within the crypto community. During the conversation, Shaikh revealed updates for his protocol such as the upcoming Aptos Card and enhancements to the functionality of the APT cryptocurrency.
Aptos (APT) betting big on Japan with recent M&A deal
As an analyst, I had the opportunity to attend a captivating presentation by Aptos (APT) team members at the Blockchain at Berkeley event, which is a vibrant crypto community affiliated with the University of California.
Previously mentioned by U.Today, I’ve recently experienced a significant event dubbed “Aptos Autumn”. This surge was fueled by several strategic partnerships and deals inked over the past few weeks. For instance, Aptos (APT) has now joined the ranks of blockchains chosen by banking titan Franklin Templeton to facilitate its tokenized shares.
Additionally, it was announced that Aptos has taken over HashPallette, a Japanese blockchain platform specializing in the non-fungible token (NFT) sector related to music and art. This acquisition means that the projects developed by HashPallette for Expo 2025 will now be accessible on Aptos as well.
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2024-10-08 18:41