Aptos (APT) Becomes Best Performer in Top 100 Again: Possible Reasons

u.today 08 October 2024 16:00, UTC

Altcoins

Aptos ($APT), one of the most discussed novel L1 blockchains of 2023-2024, is yet again leaving competitors in the dust with its token. The upsurge might be driven by both marketing hype and business development accomplishments.

Aptos ($APT) up by 7.5% amid red market, hits $4.6 billion market cap

$APT, a native cryptocurrency of Aptos L1 blockchain, is the fastest growing token among the 100 largest crypto coins. In the last 24 hours, its price added almost 7.5%, while its capitalization reached $4.62 billion. $APT price twice tried to conquer the $9.25-$9.30 zone untouched since late May.

In this move, Aptos ($APT) managed to outshine large-cap meme coin Pepe (PEPE) and is ready to challenge AI trailblaizer Bittensor (TAO).

In the last 24 hours, $APT liquidations exceeded $1.3 million, with over $650,000 being erased from short positions, CoinGlass data shows.

Such an impressive spike coincides with another apathetic day on the crypto markets. Thenet capitalization of the segment dipped by 1.3% overnight, while Bitcoin (BTC) and Ethereum (ETH) lost 0.8% and 1.4%, respectively.

Aptos ($APT) keeps surging following founder Mo Shaikh's appearance in the podcast of Scott "Wolf of All Streets" Melker, seasoned crypto influencer. The Aptos ($APT) founder shared the details of what is next for his protocol, including Aptos Card, the evolving utility of the $APT cryptocurrency, and so on.

Aptos ($APT) betting big on Japan with recent M&A deal

Also, Aptos ($APT) representatives organized a presentation on the stage of Blockchain at Berkeley, a crypto community at the University of California.

As covered by U.Today previously, "Aptos Autumn" was triggered by a number of partnerships and deals in recent weeks. First, Aptos ($APT) is now among the blockchains used by banking heavyweight Franklin Templeton for its tokenized shares.

Also, Aptos acquired HashPallette, a Japanese blockchain platform focused on the music and art NFT segment. As a result of the deal, HashPallette developments for Expo 2025 will also go live on Aptos.