The disbelief rally in Aptos $APT could continue to surprise naysayers. Cointelegraph explores the factors behind the current rally.
FTX Ventures’ prominence induces the risk of a sell-off from the defunct entity. In this regard, some investors might be reassured by the involvement of other venture capitalists like Multicoin Capital, Blocktower Capital and Coinbase Ventures. High-volume exchanges like Binance could also soften the blow dealt by FTX and Alameda Researc.and is still in the nascent stages of ecosystem development.
However, even in this respect, the total size of the Aptos community is smaller than top layer-1 projects. Cardano and Polkadot have more than 1.3 million Twitter followers on their accounts. At the same time, Avalanche has over 855,600 followers, and Tezos has more than 470,000. Aptos is lagging behind, with a 364,500 follower count.
Moving forward, the efforts of the business development team of Aptos and the performance of the blockchain will likely catalyze future price movements.Given the lack of activity and limited ecosystem growth, the rally in APT has taken the market by surprise. It is not difficult to find tweets hinting at the overblown market capitalization of the token.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aptos (APT) Soars Another 36%, Bitcoin Rejected at $24K (Market Watch)Aptos continues to ride high, charting yet another ATH in the past 24 hours.
Read more »
Here's Why Aptos (APT) Rose by 150%, Detailed Analysis$APT 150% rally has been followed by enormous liquidations volume, unhealthy supply distribution and other factors that may severely affect the asset
Read more »
Crypto Asset Aptos Soars to All-Time High, Increasing 391% in 30 Days – Altcoins Bitcoin NewsDuring the past 30 days, the layer one blockchain asset aptos APT has risen 391.8% against the U.S. dollar.
Read more »
Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High$APT continued its 2023 surge to reach a record high. $BTC regained ground it lost late Tuesday to trade near $23K. $AXS continued to rally. JPRubin23 reporting
Read more »
First Mover Americas: Aptos’ Token Surges to Record HighThe rally of Aptos' $APT token has has outpaced the gains of the two largest cryptocurrencies by market cap, $BTC and $ETH. $APT is up over 400% on the month. LedesmaLyllah reports.
Read more »
3 Reasons Why Aptos Exploded by 400% in 30 DaysAptos exploded by over 400% in the past 30 days, becoming one of the market's best performers. Here are three possible reasons why.
Read more »