BNB
by BSC News
January 25, 2023
Why has the price of $APT quadrupled in 2023? Binance Reserach explores developments and announcements from the new Aptos blockchain.
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.
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.
Website | Twitter | Telegram | Medium | Discord |
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.
Related News
Latest News
April 19, 2024
Michael Saylor Capitalizes on MicroStrategy Stock Surge, Sells $370M $MSTR
April 19, 2024
Hedgey Finance Reportedly Suffers $44.7M Exploit
April 19, 2024
US SEC Escalates Legal Battle Against Justin Sun with Amended Lawsuit
April 17, 2024
What is Binance Megadrop?
April 17, 2024
Binance Prepares for Return to India After Paying $2M Fine
April 17, 2024
Aptos Announces Strategic Partnerships With Microsoft, Brevan Howard and More
April 16, 2024
What is Merlin Layer-2 Chain?
April 16, 2024
Bernstein Doubles Down on Bold Bitcoin Price Prediction
More News