• Aptos (APT) cryptocurrency has surged 391.8% in value during the past 30 days, reaching an all-time high of $19.92 per unit on Jan. 26, 2023.
• Aptos is supported by venture capital firms including Parafi, Andreessen Horowitz, and Multicoin Capital.
• The token has seen $813 million in global trading volume in the last 24 hours, with the current market capitalization of around $2.83 billion.
Aptos, a relatively new layer one blockchain asset, has seen an incredible surge in value over the past 30 days. On Jan. 26, 2023, the token reached an all-time high of $19.92 per unit, rising 391.8% against the U.S. dollar. During the last seven days, Aptos has increased 123.7%, and currently, it is the 28th largest cryptocurrency in terms of market capitalization.
The project is supported by several venture capital firms, including Parafi, Andreessen Horowitz, and Multicoin Capital. Prior to its launch, the two developers behind Aptos had previously worked on Meta’s Diem project before it was discontinued. When the mainnet went live and aptos (APT) started trading, the price increased about 20%. However, like the rest of the cryptocurrency market during the last two months of 2022, the value of aptos dropped. On Dec. 29, 2022, aptos reached an all-time low of $3.08 per coin. As of Jan. 27, however, the value of APT is 474% higher.
Today, aptos‘ value is around 11% lower than its all-time high of $19.92 per coin, and in the past 24 hours, APT reached a low of $17.37 per unit. At the time of writing, aptos has a circulating supply of around 160.54 million APT tokens and in the last 24 hours, the token has seen $813 million in global trading volume. While some traders attempted to short the market during the climb in value, many were ultimately unsuccessful.
The recent surge in value of Aptos can be attributed to the role of decentralized finance, infrastructure support, and non-fungible tokens (NFTs). Decentralized finance (DeFi) provides users with the ability to access a variety of financial services without the need for a centralized intermediary. Infrastructure support is also important as it allows developers to build applications and services on top of the blockchain. NFTs, which are digital collectibles or assets, have become increasingly popular and can be used to create unique digital experiences.
Overall, Aptos has seen an incredible surge in value over the past 30 days, and the role of DeFi, infrastructure support, and NFTs have played an important role in its recent success. While some traders have attempted to short the market, most have been unsuccessful, and as of Jan. 27, Aptos has a circulating supply of around 160.54 million APT tokens and a market capitalization of around $2.83 billion.