Aptos Climbs 75% – What Keeps APT In The Green In Last 7 Days

Christian Encila

Last Updated: March 8, 2023 7:25 am

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Aptos has been driven upwards by internal developments in the ecosystem. According to CoinGecko, APT is up 75% in the bi-weekly timeframe, notching its biggest gains this January.

The Aptos ecosystem mainnet was only released on October 12, 2022, which makes it one of the youngest blockchains in the market. But this hasn’t hindered Aptos as it quickly gained popularity, having over 70 projects being built or are under development on-chain.

With recent developments piling on, the APT token is expected to register higher highs this year.

Positive Developments For Aptos

Developments on-chain have been very bullish for the ecosystem. On January 2nd, the METAPIXEL team announced that they are building a blockchain game on the Aptos network. It’s called Gran Saga: Unlimited, an MMORPG that will be based on NPixel’s original game of the same name.

The team at @METAPIXEL has unveiled their first game in their ecosystem, built on @Aptos_Network

Gran Saga: Unlimited will launch (in some form) later this year.

A thread by @nederob 🧵👇 pic.twitter.com/1Rgpd5SEui

— DappRadar (@DappRadar) January 2, 2023

The test launch would happen sometime this first quarter this year with the full launch later this year. Polygon and Flow Blockchain also adopted the ecosystem’s research on consensus algorithms and parallel engines which are both crucial parts of Aptos’ Block STM technology.

This development might make Aptos technology see more limelight and it’ll be an interesting development if both Polygon and Flow use the technology as well.

Moralis, a Web3 API company, also recently announced that it will be supporting Aptos according to a recent blog post by the network on January 17. This would let developers have access to tools needed to build on top of Aptos with ease.

Image: Aptosfoundation.org

APT At $13.70 – What’s Next For The Token?

Since the start of the year, APT has grown more than 300% in the charts which may or may not face a correction in the next few days. If ever a correction happens, APT investors and traders can rely on several key levels to support a bullish rebound.

But a correction phase near its current support at $11.82 might not be ideal for the bears. Recent on-chain developments and APT’s correlation with major cryptocurrencies have prevented any attempts by the bears to retest the support and recoup lost ground.

Crypto total market cap at $995 billion on the daily chart | Chart: TradingView.com

With both Bitcoin and Ethereum continuing their bullishness, APT investors and traders would greatly benefit from this as gains for BTC and ETH also means gains for APT.

For now, investors and traders can be confident of reaching new highs as the broader crypto market is looking bullish for 2023. However, if the token does find itself in a correction phase, APT bulls may have to focus on consolidation for a healthy bullish momentum.

Featured image by NFT News Pro

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.