Aptos bullish after the anniversary outage, here’s why APT price is rising

  • There has been some substantial in-game activity on the Aptos Arena.
  • There has also been an overall positive sentiment in the cryptocurrency market.
  • The price of Aptos (APT) token has climbed by 21% over the last 7 days.

The Aptos (APT) cryptocurrency has been making headlines with its impressive performance, recently breaking through the $6 mark, and gaining a staggering 21.01% in the past week alone. The token is rising four days after Aptos suffered a five-hour outage. The outage coincided with the same week that Aptos was launched in 2022.

This remarkable price surge has piqued the interest of investors and crypto enthusiasts. But what is driving this extraordinary growth in the Aptos network, and why is it attracting significant attention?

Aptos’s rapid expansion and global presence

Aptos Network has been experiencing rapid expansion, with a notable milestone of 112 nodes operating around the world. These nodes are strategically distributed across 25 different countries and 50 cities, ensuring a resilient and globally accessible network infrastructure.

The increase in the number of nodes plays a crucial role in enhancing the stability and security of the network, attracting more users and developers to participate in the Aptos ecosystem.

In-game activity on Aptos Arena

One factor contributing to Aptos’ remarkable growth is the burgeoning adoption of its online multi-player game platform, the Aptos Arena. The Arena is seeing a surge in activity with over 12,000+ unique players, 67,000+ spawns, and a staggering 150,000+ transactions as of October 23.

The game is sprawling with activity as gamers compete to spawn and earn APT for every kill. There are also over $10,000 in giveaways plus NFTs.

These statistics highlight the robust engagement within the Aptos Arena, indicating its popularity and the thriving in-game ecosystem it offers.

APT price analysis

Aptos (APT) is currently trading at $6.0596 with a market capitalization of $1,491,384,688, securing its position at 33 in the cryptocurrency market.

The trading volume in the last 24 hours reached $455,290,068, ranking Aptos at #12 by volume. With a circulating supply of 246,120,278 APT and a total supply of 1,061,598,542 APT, Aptos demonstrates a healthy token distribution. The fully diluted market cap for APT is estimated at $6,430,581,495.

Notably, Aptos has experienced significant price fluctuations, with its all-time high recorded at $19.90 on January 30, 2023, and an all-time low of $3.09 on December 30, 2022. Despite these fluctuations, the recent bullish trend indicates that Aptos is making strides to reclaim its previous highs.

Comments

Post a Comment

Popular posts from this blog

Shiba Inu Price on Black Friday 2023

Image
Shiba Inu (SHIB) has become one of the most prominent meme-inspired cryptocurrencies since its launch in August 2020. The developers behind the decentralized token have worked to build an ecosystem of projects for the SHIB community. However, the recent launch of the layer-2 solution Shibarium failed to significantly boost prices amid the ongoing crypto bear market. With Thanksgiving approaching, here is our Shiba Inu price prediction for Black Friday 2023. What is Shiba Inu? A Brief History Shiba Inu is a decentralized cryptocurrency that spawned from a meme-inspired online community. The token’s mascot is a Shiba Inu dog, which led to the name. In mid-2020, an anonymous individual or group known as Ryoshi started working on Shiba Inu as an experimental decentralized community project. Ryoshi intended to take the meme coin concept behind Dogecoin and build an ecosystem around it. Also read: Ben Armstrong Sues Ex-Colleagues Over Alleged Stolen Lamborghini After launch...
Read more

This is what a Trump capital gains tax  could look like

President Biden recently made a stir with his latest budget proposal, which included several provisions that alarmed investors. The first and arguably most important for anyone involved with the stock market is the proposed new and increased capital gains tax. Under the plan, the rate would reach its highest since the tax was established in 1913 at a maximum of 44.6%. The proposal immediately proved controversial, given how it compares to the original maximum of 7% and the 1921 Revenue Act maximum of 12.5%. It is also substantially higher than the rate set during former President Trump’s term when it was reformed not to exceed 20%. Picks for you Crypto expert Plan B sets Bitcoin price for 2025 19 mins ago Opportunity? DOGE set for imminent bull run 49 mins ago Ripple v. SEC court case update as of May 2, 2024 2 hours ago Bitcoin optimism fades amid second-longest run of weekly red candles 17 hours ago With this in mind, and particularly consi...
Read more

Bitcoin Holds Above $26,500 And Begins An Uptrend

Image
Mar 28, 2023 at 11:11 // Price Author Coin Idol Bitcoin (BTC) price is flattening out as buyers are unable to keep it above the psychological threshold of $28,500. Bitcoin price long-term forecast: bullish The only price range that has moved since March 19 is between $26,500 and $28,500. Bitcoin is currently trading at $27,101 after falling to a lower price level. In order to overcome the resistance levels of $28,500 and $29,000 to the upside, buyers have made persistent attempts, but without success. Price signals point to a likely rise to the high of $3...
Read more