In the past weeks, one of the most sought-after altcoin projects by Turkish investors, Binance rallied over 50% after announcing its new liquidity pools.
Popular metaverse project continues to rally with Binance news
Cryptocurrency traders have been watching Aptos’ (APT) rally exceeding 80% on a weekly basis since January 20. The rally was concurrent with a major announcement made by Binance on January 20. According to the official statement, Binance has opened new liquidity pools (APT/BTC, APT/USDT) for Aptos in its Liquid Swap offering.
However, the dramatic increase in the price of APT so far can be attributed to many factors. One of them is increased support from various crypto projects. On January 6, PancakeSwap, the largest DEX on BNB Chain, announced that it will be deployed on the Aptos Blockchain after it has been approved by the user community.
The week after this announcement, APT’s price rose 97.6%, marking the start of APT’s price rally in 2023. During this period, Atomic Wallet, one of the top cold crypto wallets with over 3 million users, also provided instant support for APT.
Another factor contributing to APT’s impressive price rally is its origins from the now-defunct Meta Diem Blockchain startup. Aptos was launched in the early days of its release, with the Meta team behind it.
Aptos (APT) also recorded a 350% increase in daily trading volume
Binance’s move to open new liquidity pools for Aptos led to a marked increase in investor interest. The announcement also triggers a significant increase in trading volume as APT/BTC and APT/USDT pairs see a significant increase in activity. Currently, Aptos (APT) has gained 272.4% compared to the last 30 days and 80% compared to the last 7 days.
The market reaction to the Binance announcement shows that Aptos has the potential to be a major player in the DeFi space and could be a strong competitor to Solana, the current leader of the space. Overall, the recent rally on Aptos is a clear indication of the growing interest and confidence in the cryptocurrency and it will be interesting to see how it performs in the days and weeks ahead. With the support of Binance, Aptos looks to be on track for a solid recovery.
Aptos managed to maintain its bull form throughout the year
The crypto market has risen remarkably since the start of the new year. In the past three weeks, there have been several crypto price rallies, such as Bitcoin, which traded above $21,000, up more than 37% for the first time in two months.
APT, on the other hand, was one of the best performing cryptocurrencies in 2023, with gains of over 248% since the beginning of the year compared to its competitors. Despite being a relatively new token, its price surge in 2023 is eclipsing many altcoin giants, including Ethereum (ETH), Solana (SOL), Ripple (XRP) and of course Bitcoin (BTC).
cryptocoin.com In this article, we have included how Aptos (APT) differs from other altcoin projects. APT price has been keeping its rally since January 20th above 10% on a daily basis.
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