Despite the market’s recent turmoil, Aptos has emerged as one of the shining stars. The token managed to record a remarkable 23% increase in the last seven days alone.
Yesterday, Bitcoin’s rally sparked optimism in the market, hitting the key resistance at $26,000 and leading other altcoins to follow suit. However, this rally proved short-lived as today’s evening saw the market erase the previous day’s gains.
Many coins, including Bitcoin, saw their daily gains wiped out, leaving only the weekly gains intact. Despite the setback, Aptos has managed to hold onto its gains, emerging as one of the few coins to record a notable rise in the weekly chart.
According to the data from CoinMarketcap, yesterday, APT reached a 20-day high at $14.57, but today it has experienced a 12% decline in value, currently trading at $12.68.
However, as per the price prediction for the token, by the end of March, Aptos will see a substantial increase of 116.91% and reach a value of approximately $27.19. Presently, all indicators suggest a Neutral trend, with the fear & greed index indicating extreme fear at 18.84.
Aptos (APT) Price Driving Factor
Decentralized platform Aptos has seen a surge in price can be due to a series of community events and ecosystem-wide innovations. The company’s latest network update is set to bring lower gas fees across the ecosystem, making it more accessible to users.
One of the highlights of the past month was Aptos’ World Tour in Seoul, which was a huge success. The company’s next stop is Amsterdam on June 5-7, and the company is already looking forward to another exciting event.
The platform has been making waves in Korea, with partners NPIXEL debuting a teaser of their immersive experience built on the Aptos platform. The company has also partnered with Chingari_IN, the world’s fastest-growing on-chain social app, which recently announced its migration to Aptos for ultimate scalability.
For developers, the platform has been making it easier to build dApps with the launch of MoralisWeb3. The company’s Unity Verified SDK is also live, providing tools that help developers design true and immutable ownership of in-game assets, port virtual goods, and purchase, liquidate, and trade game items.
Entrepreneurs and innovators have also been given a boost with the opening of OVioHQ’s accelerator for applications. It kicked off ETH Denver at Interop_Summit, sharing the platform with new friends and its loyal community.
However, the surge in Aptos’ price can be attributed to the company’s dedication to innovation and growth. With the company continuing to build and expand its ecosystem, it’s clear that Aptos is one to watch in the world of decentralized platforms.
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