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Information about Aptos (APT)
Aptos is a Layer 1 blockchain developed that aims to make the blockchain the most secure and available to a worldwide user base. The blockchain was developed in a separate programming language called Move, a programming language developed for the former Diem project.
Aptos uses a low-latency Byzantine Fault Tolerant (BFT) mechanism, which can achieve more than 130 thousand transactions per second at low cost, promises to become a Layer 1 blockchain surpassing two seniors, Ethereum and Solana.
Currently, Aptos owns all the necessary pieces for an ecosystem such as DEX, Wallet, Payment, Lending / Borrowing ...
Website: https://aptoslabs.com/
APT is the native token of Aptos, used to:
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News
Matt Hougan, the CIO of Bitwise, highlights DeFi tokens’ undervalued status as changes in U.S. Regulations could enhance investment appeal. Layer-1 blockchains like Aptos and Sui might attract institutional investors.
Bitwise has proactively applied for an Aptos ETF, indicating confidence in its potential, while the application for a Sui ETF is not yet in progress. This move reflects Bitwise’s focus on promising DeFi projects.
As regulatory attitudes shift, growth opportunities in the DeFi sector appear more favorable. Hougan notes the potential for utility tokens to transition into value-driven models, further enhancing their institutional investment appeal.
The price of Aptos (APT) surged 17% in 24 hours, rising to 6.45 USD from a peak of 6.57 USD—its highest since February. This increase is attributed to a community takeover effort spearheaded by the influencer BuzzlamicJihad.
This ‘community takeover’ comes two months after Aptos Labs founder Mo Shaikh’s resignation, as supporters rally to back Aptos over newer meme coins. BuzzlamicJihad has aggressively promoted APT, predicting it will surpass competitors like XRP by late 2025.
Circle’s integration of USDC into the Aptos blockchain marks a significant advancement for the ecosystem, allowing for improved app development and liquidity in DeFi. As a result of this announcement, the price of Aptos’ APT token surged by nearly 10%.
This collaboration is part of Circle’s broader strategy to expand its influence in the crypto space, involving partnerships with major exchanges and significant financial acquisitions to enhance the use cases of USDC.
Currently, APT trades at $8.36, reflecting a 2.61% increase in the last 24 hours, despite bearish signals influencing sentiment. The market’s sentiment remains fragile, prompting concerns over its stability and potential declines.
The unlocking of 11,310,000 APT tokens on February 10, 2025, poses risks to price stability as historical trends indicate potential selling pressure. Market participants are monitoring trading volumes during this event closely.
Analysis revealed a head-and-shoulders pattern, with the pivotal support level at $8.05. Breaching this could signal a decline towards $4.30, while remaining above $10.50 could help regain bullish momentum.
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