{"id":517562,"date":"2023-01-26T01:13:22","date_gmt":"2023-01-26T06:13:22","guid":{"rendered":"https:\/\/wncen.com\/?p=517562"},"modified":"2023-03-08T07:25:45","modified_gmt":"2023-03-08T07:25:45","slug":"aptos-apt-price-snowballs-147","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/aptos-apt-price-snowballs-147\/","title":{"rendered":"Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up"},"content":{"rendered":"

The Aptos Mainnet was only <\/span>launched<\/span><\/a> in full back in October 2022 in the midst of last year\u2019s tumultuous bear market. Since then, the developmbnt team of Aptos has been busy. According to Santiment, <\/span>development on-chain<\/span><\/a> has been nearly consistent even as it is a far cry from all-time-high levels.\u00a0<\/span><\/p>\n

Because of this, <\/span>CoinGecko<\/span><\/a> noted a strong bullish push as the native token of Aptos, APT, soared 147% in the weekly time frame. Adding on to the bullishness is the current sentiment surrounding cryptocurrencies.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

According to <\/span>recent news<\/span>, the market might continue its bullish run as the derivatives market of Bitcoin sends buy signals to bulls.<\/span><\/p>\n

Related Reading: TRON As Currency: Kingdom Of The Netherlands To Adopt TRON As Legal Tender<\/a><\/div>\n

What\u2019s Going On In Aptos?<\/strong><\/h2>\n

The naming and identity arm of Aptos, <\/span>Aptos Names<\/span><\/a>, has been on a roll lately as they make their smart contract code open source. According to the <\/span>thread<\/span><\/a>, this would make the contracts much more secure as individuals can customize their contracts.\u00a0<\/span><\/p>\n

This would also make the code more decentralized, allowing the community to have more input and authority on what can be implemented in the future for Aptos Names.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Image: Aptos Names Twitter<\/pre>\n
PancakeSwap also <\/span>continued<\/span><\/a> with its multi-chain deployment on Aptos. Since the proposal, the decentralized exchange has deployed over 14 farms on the blockchain with four APT pairs available.\u00a0<\/span><\/p>\n
Investors Should Watch These Levels<\/strong><\/h2>\n
The ongoing rally for APT is something the bulls relish on, making APT among the top gainers in almost all time frames, according to <\/span>CoinGecko data<\/span>.\u00a0<\/span><\/p>\n
Since January 1st, Aptos found three price levels in case the token faces a strong rejection in the coming days or weeks. <\/span><\/p>\n
As it currently stands, the rally is being supported at $12.32. If the token faces rejection, investors and traders can rely on this crucial support if the $16.01 support is broken.\u00a0<\/span><\/p>\n
<\/p>\n
APT total market cap at $3 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Avalanche Crumbles 10% \u2013 Was The AVAX Rally A Bull Trap?<\/a><\/div>\n
Right now, the token is able to reach these new highs as a result of on-chain developments that give investors confidence. <\/span><\/p>\n
At the time of writing, January 26th, long buyers <\/span>outnumber<\/span><\/a> the short sellers by a very small margin.\u00a0<\/span><\/p>\n
\"\"Image: Coinglass<\/pre>\n
This may be a sign that investor confidence in the long-term prospect of the token is still optimistic. For now, investors and traders can cash in some gains to hedge against potential downturns in APT\u2019s market.\u00a0<\/span><\/p>\n
Watching the overall situation in the crypto market is also a must as market movements by major cryptos can have an effect on APT\u2019s price trajectory.\u00a0<\/span><\/p>\n
Featured image by New Scientist<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The Aptos Mainnet was only launched in full back in October 2022 in the midst of last year\u2019s tumultuous bear market. Since then, the developmbnt team of Aptos has been busy. According to Santiment, development on-chain has been nearly consistent even as it is a far cry from all-time-high levels.\u00a0 Because of this, CoinGecko noted a strong bullish push as the native token of Aptos, APT, soared 147% in the weekly time frame. Adding on to the bullishness is the current sentiment surrounding cryptocurrencies.\u00a0 According to recent news, the market might continue its bullish run as the derivatives market of Bitcoin sends buy signals to bulls. Related Reading: TRON As Currency: Kingdom Of The Netherlands To Adopt TRON As Legal Tender What\u2019s Going On In Aptos? The naming and identity arm of Aptos, Aptos Names, has been on a roll lately as they make their smart contract code open source. According to the thread, this would make the contracts much more secure as individuals can customize their contracts.\u00a0 This would also make the code more decentralized, allowing the community to have more input and authority on what can be implemented in the future for Aptos Names.\u00a0 Image: Aptos Names Twitter PancakeSwap also continued with its multi-chain deployment on Aptos. Since the proposal, the decentralized exchange has deployed over 14 farms on the blockchain with four APT pairs available.\u00a0 Investors Should Watch These Levels The ongoing rally for APT is something the bulls relish on, making APT among the top gainers in almost all time frames, according to CoinGecko data.\u00a0 Since January 1st, Aptos found three price levels in case the token faces a strong rejection in the coming days or weeks. As it currently stands, the rally is being supported at $12.32. If the token faces rejection, investors and traders can rely on this crucial support if the $16.01 support is broken.\u00a0 APT total market cap at $3 billion on the daily chart | Chart: TradingView.com Related Reading: Avalanche Crumbles 10% \u2013 Was The AVAX Rally A Bull Trap? Right now, the token is able to reach these new highs as a result of on-chain developments that give investors confidence. At the time of writing, January 26th, long buyers outnumber the short sellers by a very small margin.\u00a0 Image: Coinglass This may be a sign that investor confidence in the long-term prospect of the token is still optimistic. For now, investors and traders can cash in some gains to hedge against potential downturns in APT\u2019s market.\u00a0 Watching the overall situation in the crypto market is also a must as market movements by major cryptos can have an effect on APT\u2019s price trajectory.\u00a0 Featured image by New Scientist<\/p>\n","protected":false},"author":557,"featured_media":517570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,87237,85692,14690,3505],"class_list":["post-517562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-apt","tag-aptos","tag-crypto-news","tag-price-analysis"],"acf":[],"yoast_head":"\nAptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up<\/title>\n<meta name=\"description\" content=\"The Aptos Mainnet was only launched in full back in October 2022 in the midst of last year\u2019s tumultuous bear market. 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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\u2019 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 \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up","url":"http:\/\/wncen.com\/news\/aptos-apt-price-snowballs-147\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/aptos-apt-price-snowballs-147\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/apt.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/apt.png?fit=777%2C522"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","apt","aptos","crypto news","price analysis"],"dateCreated":"2023-01-26T06:13:22Z","datePublished":"2023-01-26T06:13:22Z","dateModified":"2023-03-08T07:25:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/aptos-apt-price-snowballs-147\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/aptos-apt-price-snowballs-147\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/apt.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/apt.png?fit=777%2C522\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"apt\",\"aptos\",\"crypto news\",\"price analysis\"],\"dateCreated\":\"2023-01-26T06:13:22Z\",\"datePublished\":\"2023-01-26T06:13:22Z\",\"dateModified\":\"2023-03-08T07:25:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/apt.png?fit=777%2C522","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517562"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=517562"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517570"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=517562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=517562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=517562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}