The cryptocurrency market has seen Aptos (APT) soar an impressive 57% in its daily chart, indicating a bullish trend and recovery toward previous highs. The rally can be attributed to a major announcement made by the leading crypto exchange, Binance, on January 20th.
According to an official statement, Binance has opened new liquidity pools for Aptos (APT/BTC, APT/USDT) in its Liquid Swap offering. Binance Liquidity Farming is a liquidity pool created using the Automatic Market Maker approach. Similar to other DeFi swaps, it consists of various liquidity pools, each containing two digital tokens that can be swapped.
The move by Binance to open new liquidity pools for Aptos is a major endorsement of the cryptocurrency and has led to a surge in investor interest. The announcement has also led to a significant increase in trading volume, with APT/BTC and APT/USDT pairs seeing a significant uptick in activity.
The market reaction to the Binance announcement suggests that Aptos has the potential to be a major player in the DeFi space and could be a strong rival to Solana, the current leader in the field.
Overall, the recent rally in Aptos is a clear indication of the growing interest and confidence in cryptocurrency, and it will be interesting to see how it performs in the coming days and weeks. With Binance’s support, Aptos seems to be on a solid path to recovery.
Aptos (APT) Price Review
In a stunning turn of events, the cryptocurrency Aptos (APT) has experienced a significant recovery starting January 12th, following the release of U.S. Consumer Price Index (CPI) data. This led to a rally that caused APT to close at $6.4632 with a massive 21.89% gain.
According to Coinmarketcap data, the token is now trading at $12.5, and its recent bullish momentum is evident from the cryptocurrency’s 20-day quickly approaching from $4.79 to a high of $12. The token’s weekly chart is also on a bull ride with about a 70% increase.
Furthermore, the trading volume of APT has also seen a massive increase of about 400% in the last 24 hours, with the market cap increasing by about 57.40% in the same time frame.
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