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Aptos is a Layer 1 blockchain network that enhances the network security and scalability. Aptos created its native token APT, which noted an increase of more than 30% in the last 7 days.
At press time, Aptos is trading at a price of $18.69 with a 24-hour trading volume of $1.30 Billion. Aptos is up 3.21% in the last 24 hours, and has the current market cap of $2.99 Billion. In recent hours, APT touched its resistance while analysts are predicting heavy pumping. The on-chain metrics show the massive price hike while the indicators seem bearish.
Although the global crypto market touched the market capitalization of $1.07 T. It noted an increase by almost 1.23% over the last day. Bitcoin ($BTC), the most-traded cryptocurrency also performing bullish, as it recently surpassed $23k level. Bitcoin currently has the market dominance of around 40% with an increase of 0.28% over the day.
Last week, Aptos concluded its NYC event that was in partnership with KYD Labs. Their collaboration has created the future of fan loyalty via live event ticketing.
Aptos Co-Founder, Mo Shaikh, recently shared a tweet in which he cited Tesla king, Elon Musk. He said to Musk that “his advertisers might be wasting their money on him.” He also added at the end that he is “now turning off the location.”
Meanwhile Aptos co-founder before that shared his image along with his Aptos team. According to that tweet he is in Seoul, Republic of Korea.
Aptos is absolutely performing well since its launch. Aptos is independently developed by Meta’s Diem blockchain engineers. Even after the harsh market conditions, on October 18th, 2022 Aptos announced the mainnet launch. However the Aptos genesis occurred on October 12th, 2022.
After its mainnet launch, it made it the first blockchain that debuted on Move technology. Aptos is using two consensus protocols Proof-of-Stake and AptosBFT.
According to Aptos team, its network can process more than 150,000 tps. By comparison, Ethereum’s mainnet tps is nearly 12 to 15. All transactions are processed simultaneously and validated afterward in Aptos network. Meanwhile the failed transactions are either re-executed or aborted.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
