Aptos (APT) Becomes Best Performer in Top 100 Again: Possible Reasons
Release: 2024/10/08 23:34 Reading: 591
Aptos (APT): Outperforming Competitors Despite Market Conditions
Aptos (APT), a highly anticipated Layer 1 blockchain, has recently surged in value, leaving rivals in its wake. The token's upward trajectory is attributed to both marketing efforts and business developments.
APT's Impressive Performance
APT, the native cryptocurrency of the Aptos blockchain, has witnessed exceptional growth among the top 100 crypto coins. Over the past 24 hours, its price has increased by approximately 7.5%, boosting its market capitalization to $4.62 billion. APT has repeatedly attempted to break the $9.25-$9.30 resistance zone, which has remained intact since late May.
Outshining Meme Coins and AI Players
In its latest move, Aptos (APT) has outperformed popular meme coin Pepe (PEPE) and is poised to challenge AI pioneer Bittensor (TAO).
Surging Amidst Market Decline
APT's impressive surge has occurred despite a lackluster day for the overall crypto market. The total market capitalization of the sector has fallen by 1.3% overnight, with Bitcoin (BTC) and Ethereum (ETH) losing 0.8% and 1.4%, respectively.
Founder's Appearance and Partnership Deals
Aptos (APT)'s rise has been fueled by the appearance of founder Mo Shaikh on Scott "Wolf of All Streets" Melker's podcast. Shaikh discussed upcoming developments for the protocol, including the Aptos Card and the expanding utility of APT.
Additionally, Aptos (APT) representatives have recently presented at Blockchain at Berkeley, a crypto community at the University of California.
Japan Expansion through M&A
As previously reported by U.Today, "Aptos Autumn" has been marked by a series of partnerships and deals. Notably, Aptos (APT) has joined the list of blockchains used by banking giant Franklin Templeton for tokenized shares.
Furthermore, Aptos acquired HashPallette, a Japanese blockchain platform specializing in the music and art NFT segment. This acquisition will result in HashPallette's Expo 2025 developments being implemented on the Aptos blockchain.
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