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What’s behind the 420 percent Aptos (APT) rise?

Arover by Arover
January 26, 2023
in Cryptocurrency
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What's behind the 420 percent Aptos (APT) rise?
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Aptos (APT), which has increased significantly in the last 24 hours and perhaps made the most of the rise of Bitcoin in the last days, managed to gain the trust of crypto money investors in a short time, even though it made the mainnet update a few months ago.

Twitter Spaces day has risen

One of the reasons behind the rise was the statements made by Aptos executives at the Twitter Spaces meeting held on January 9. Speaking at the “AptosMoveMonday” Twitter event, co-founders Mo Shaikh and Avery Ching announced the upcoming events and gave clear answers to many questions asked. While it was said that there will be more bonds with the community, it was informed that many “meet-ups” and conferences will be held around the world. Shortly after this meeting, on the same day, that is, on January 9, a large APT rise did not go unnoticed.

Two APT-based liquidity pools from Binance

On January 20, Binance exchange launched two liquidity pools for APT/BTC and APT/USDT trading pairs. With this step, a 56% increase was seen in APT on the same day.

On the other hand, there are serious increases in Aptos’ NFT activity… While the volume is increasing day by day, especially in the NFT market place called Topaz, the base prices of NFTs are gradually increasing.

Centralization has been criticized

Aptos, which uses the programming language called Move, which provides fast and secure transactions, was criticized for being dependent on VCs much more than it should be in the early days of its release. “Too centralized” comments were made for Aptos, where Coinbase, Binance and FTX have large investments. The big drop in the token after the start of the project also received serious criticism from the community and the criticism of centralization increased.

However, the rate of increase, which exceeded 420 percent in the last 1 month, enabled the price to make ATH with $ 18.8.

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Tags: APTAptospercentRiseWhats

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