Aptos is experiencing a significant surge, riding the bullish wave that has swept over the cryptocurrency market. The token, according to the latest market updates, has registered an almost 36% increase in price. This surge follows the movement of major cryptocurrencies such as Bitcoin and Ethereum, pushing forward the overall sentiment on the token.
Investors are currently focused on a series of statistics showing that Aptos has grown significantly since the start of the year. If the trend continues, we might see APT pushing boundaries in the coming days or weeks.
Growth and Developments Fuel Investor Confidence
Recently, an X user, @apt_everstake, released an article regarding the platform’s metrics last month, which shows great promise in the long-term prospect of the protocol. According to the article, Aptos’s active users rose to 3 million monthly active users, a surge of 11% since July.
The highest point of active users on the platform reached 450k, while average daily accounts exceeded 190k, marking a 12% increase compared to last July.
Impressive Transaction Metrics
Aptos also boasted high throughput, with a peak of 360 million transactions in one day and a transaction-per-second rate of 12,000. On-chain activity with the likes of Aptos attracts partners and retail investors alike, which are clear signs that the platform has a promising trajectory in the future.
Strategic Partnerships and Investments
In a tri-partnership between Aptos, Ankaa Labs, and OKX Ventures, Ankaa announced their first cohort of projects that will receive support from the Ankaa Accelerator program. According to the blog post, five projects were chosen by the partnered organizations as they saw their “significant potential to contribute to the Web3 ecosystem.”
The program will fund these projects using their accrued $10 million investment from Aptos and OKX.
Momentum Peters Out at $8.24
Although the token has seen rapid movement following the shift in investor sentiment, APT’s attempt to break through the $8.24 resistance level has failed, leading to the token attempting to stabilize above $7.76. The previous price movement of APT led to the exhaustion of the bulls, resulting in a somewhat bearish undertone despite the significant gains made in the past few days.
Market Indicators and Future Predictions
The relative strength index (RSI) hints at a possible reversal in the token’s momentum, potentially leading to a return to the $7.27 level in the short to medium term. However, the token’s high correlation with Bitcoin and, by extension, the entire market, could prove beneficial for the bulls in the coming days. With Bitcoin breaking the $60k barrier, we might see Aptos follow the same price movement if the market environment strengthens investor confidence.
