The 24-hour trading volume of Aptos (APT), the backbone cryptocurrency of the layer-1 blockchain Aptos Network, has surged by an impressive 750% following the announcement of its strategic collaboration with Microsoft’s suite of artificial intelligence tools. This partnership aims to accelerate the adoption of Web3 technology within the realm of banking and financial enterprises.
Simultaneously, APT’s market value has witnessed a noteworthy uptick over the past 24 hours, marking a substantial gain of approximately 12%. Over the course of the last seven days, the token’s price has also exhibited a notable surge, with an increase of around 8%. The recent trajectory of APT’s value suggests a positive movement, with the token’s trading position currently hovering within the area of $8.
If APT surpasses its current threshold, a potential surge of 65% to the next resistance level at $13 could be in the offing. However, as of August 09, market sentiment concerning its price projection appears neutral. A comprehensive analysis of 15 technical indicators has signaled a bullish trajectory, juxtaposed with 7 indicators suggesting a bearish sentiment.
Drawing from last month’s performance metrics, experts at DigitalCoinPrice have forecasted a continued bullish momentum for APT. At the present moment, it is being traded at $7.43, with projections indicating a possible peak at $16.15 in the near future.
Nevertheless, considering the inherent volatility of the token’s price movements, experts have projected a potential decline of -12.87% in APT’s value as we approach the outset of September 2023. Market participants are advised to remain vigilant and consider the potential fluctuations inherent to cryptocurrency investments.
Aptos’s Partnership With Microsoft
In an announcement via a Twitter thread, Aptos Labs has set a new milestone today. The company has entered into a strategic partnership with tech giant Microsoft to pave the way for Web3 integration on the Aptos Network. As a Microsoft Partner, the collaboration will introduce an array of AI-powered tools that facilitate seamless global access to Web3 for developers and users.
Central to this partnership is the launch of Aptos Assistant, an intuitive Web3 onboarding tool fueled by Aptos and Microsoft’s AI capabilities. Through natural language guidance, users will be adeptly ushered into Web3 essentials and beyond. This tool empowers creators to build smart contracts and decentralized applications.
Furthermore, Aptos Labs and Microsoft are set to explore the realms of AI and Decentralized Finance (DeFi), aiming to revolutionize facets such as asset tokenization, payments, and Central Bank Digital Currencies. These advancements aim to drive the widespread adoption of Web3 within financial enterprises.
The collaboration also addresses cybersecurity. Aptos will operate validator nodes on Microsoft’s Azure platform, bolstering the security of the Aptos blockchain with the robustness and reliability associated with Microsoft.
Related Reading | Bitcoin’s Enduring Presence Backed by Financial Titans: David Rubenstein