Why has the price of $APT quadrupled in 2023? Binance Reserach explores developments and announcements from the new Aptos blockchain.
$APT Goes From $4 to $16 in January
Why is the Aptos coin outperforming the crypto market so far in 2023? Binance Research dove into that question in a recent Twitter thread, discussing developments from the new layer-1 blockchain, the rise of Non-Fungible Tokens (NFTs) on Aptos, and new Binance liquidity pools.
According to CoinGecko, the price of $APT has increased from below $4 at the beginning of January to more than $16 as of the time of publication, a 4x increase.
While some investors have attributed the boom in $APT to price manipulation from whales, Binance Research observes that Aptos Co-Founders Mo Shaikh and Avery Ching recently held an AMA where they announced many upcoming developments and community outreach events.
Binance Research also noted increased activity in regard to Aptos NFTs, as collectors try to get into the space early. (Check out the top 10 NFTs on Aptos, as reported previously by BSC News.)
Also, Binance opened two new liquidity pools, pairing $APT with $BTC and $USDT.
What is Aptos:
Aptos is a new, independent project focused on delivering the safest and most production-ready Layer 1 blockchain in the world. The team includes the original creators, researchers, designers, and builders of Diem, the blockchain that was first built to serve this purpose.
Where to find Aptos Labs:
What is Binance Research:
Binance Research is the research arm of Binance, the world’s leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
Find more about Binance Research here:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.