KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling

Subscribe to Updates

Get the latest Crypto news from kronosslott.

What's Hot

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023
Facebook Twitter Instagram
  • Affiliate Disclosure
  • Anti Spam Policy
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram
KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling
KronosSlott
Home » Aptos (APT) Rises 500% as Bitcoin Stabilises Around $23,000

Aptos (APT) Rises 500% as Bitcoin Stabilises Around $23,000

adminBy adminJanuary 26, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Aptos (APT) Rises 500% as Bitcoin Stabilises Around $23,000
Share
Facebook Twitter LinkedIn Pinterest Email


By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).

Bitcoin traded above the recent high of approx. $23,300 last night and reached a high of approximately $23,800. However, it deviated the previous high and fell back below, which is a bearish signal. On the lower time frame we are within a small range though between $22,300 and $23,300, so price could trade down to the lows of $22,300 in the short term.

The Aptos token (APT), a layer 1 blockchain that has large projects such as PancakeSwap built on it, has been a top performer in recent weeks. It has rallied over 500%, from around $3 to $19.50 in just a month. APT is a relatively new token that has strong VC backing, a scalable platform and a large developer base. The Aptos team have done a great job of engaging their community, which has contributed to the spike in price. For example, Aptos hosted their first AptosMoveMonday of 2023 on Jan 9th, where founders answered a number of questions. They announced upcoming community engagement events, such as the AptosWorldTour, various conferences and developer meet-ups.

In addition, data from TopazMarket shows that Aptos NFTs have increased in both floor price and trading volume. Aptos Monkey has established itself as a stand out project on Aptos.

This price rise has led APT to reach a fully diluted valuation (FDV) of $19 billion. This is almost double the FDV of Polygon (MATIC) and 5x the market capitalisation of Cosmos (ATOM). This suggests that despite the impressive technology and community engagement, the APT token could be overvalued currently.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

Comments are closed.

Don't Miss

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

Litecoin April 1, 2023

Bitcoin bounced off in the last hours of March, reclaiming $28,000 and posting a 23%…

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023

Taking the Plunge: A Comprehensive Guide on How to Buy USDT in Dubai

March 31, 2023

Subscribe to Updates

Get the latest Crypto news from kronosslott.

About Us
About Us

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Pinterest YouTube WhatsApp
Categories
  • Altcoin (17)
  • Bitcoin (2,020)
  • Blockchain (1,069)
  • Ethereum (332)
  • Gambling (2,082)
  • Litecoin (99)
  • NFTs (2)
Our Picks

Bitcoin Reclaims $28K, Closed its Third Best March in History (Weekend Watch)

April 1, 2023

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

March 31, 2023

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

March 31, 2023
©2022 –Kronosslott. All Rights Reserved. Kronosslott.com is an independent i-Gaming news site and casino comparison service. Every effort is made to ensure that the bonus offers listed here are accurate and up-to-date. However, we accept no responsibility for inaccuracies or errors. It is your responsibility to confirm the terms of any promotion you choose to accept. Looking to Advertise with us? Kronosslott is always looking for new partnerships. To Inquire please email kronosslott@gmail.com

Type above and press Enter to search. Press Esc to cancel.