One of the most popular altcoins of the last period. aptos (APT)performed well last week. The ascent helped the APT token reach another new stage.
10/ Last but not least, we hit a new peak ATH TVL (all time high total value locked) of ~$62M!
NEWS CONTINUES BELOWAt just 12 weeks out from Mainnet launch, these milestones continue to set an incredible pace for the entire ecosystem! 👏👏👏 pic.twitter.com/2fP896WHKE
— Aptos (@Aptos_Network) January 30, 2023
NEWS CONTINUES BELOW
Koinfinans.com As we reported, APT’s total locked-in value (TVL) reached an all-time high of over $62.5 million. This is great news as APT has achieved this in just 12 weeks since its mainnet launch. welcomed.
In addition to the increased TVL, Aptos has also recently updated its wallet, adding more features. The Aptos Wallet Adapter Standard makes it easy for users to deploy, integrate, and transact across the network.
dApp developers will not have to deal with maintaining and implementing different wallets in the Aptos ecosystem. Because adapter will take care of all these problems. By providing a standard to wallet manufacturers, Adapter simplifies integration while increasing the visibility and visibility of their wallets.
1/ The Aptos wallet experience has been revamped! With Aptos’ new Wallet Adapter Standard, it’s easier than ever to deploy, integrate, and transact across the network.
Aptos users can enjoy this improved experience instantly.
Devs, try it out! 👇https://t.co/M2NAgrHIGx pic.twitter.com/n3jcy9rufj
— Aptos (@Aptos_Network) January 30, 2023
Aptos Might Have Big Problems!
While these developments gave hope for better days ahead, the opposite happened with the altcoin’s price action. Data from CoinMarketCap shows that after a commendable week, the price of APT has dropped 14% in the last 24 hours.
Price Rise Mobilizes Meme Coin Whales – Top of the Year!
Aptos’ four-day chart provided even more reason for investors to worry as market indicators align with bears’ interest. For example, the MACD showed a bearish trend. The Exponential Moving Average of APT also painted a bearish picture as the distance between the 20-day EMA and the 55-day EMA narrowed.
The Relative Strength Index (RSI) also recorded a decline, sinking further below the neutral mark, increasing the possibility of a further decline. However, Chaikin Money Flow (CMF) slightly supported the bulls as it rose.
APT token The recent downtrend in price was accompanied by an increase in volume, which justified the drop and reduced the chances of a spike.
Positive feelings towards APT have also dwindled in recent days. This shows that the crypto community’s faith in the token is waning. Interestingly, despite declining confidence, APT has been listed in the top 15 coins according to Binance’s trend search.
