Aptos exploded by over 400% in the past 30 days, becoming one of the market's best performers. Here are three possible reasons why.
Aptos exploded by over 400% in the past 30 days, becoming one of the market’s best performers. Here are three possible reasons why.
This put the project at the forefront and also gave way to a renewed layer-1 trade narrative, with other names also popping off.That said, there are a few reasons which explain the increase in APT’s price, so let’s dive in.Undoubtedly the biggest reason for APT’s increase is the fact that the entire cryptocurrency market saw tremendously renewed interest since the beginning of 2023.
As it’s almost always the case, when Bitcoin runs, so does the rest of the market, albeit at a different velocity. Some altcoins outperform others, and in this case, APT was the clear winner.Another reason why the price increased so much is furthering its efforts to build within the Aptos ecosystem.was put forward that, if approved, would cement the team’s intentions to “build upon the initial deployment.
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