Solana

Aptos

April

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<p dir="ltr">Aptos (APT), the layer-1 blockchain network deemed a strong Solana competitor, has jumped as high as 10% in intraday trading as demand returned for the first time in weeks. At the time of writing, Aptos is&nbsp;<a href="https://coinmarketcap.com/currencies/aptos/" rel="noopener noreferrer nofollow">trading for $10.08</a>, raising its market capitalization to $3,094,513,055. An intriguing data insight is showcased by the trading volume, which has jumped by more than 89% to $448,027,268.</p>
<h2 id="aptos-growth-trend">Aptos growth trend</h2>
<p dir="ltr">Aptos is a regular high flier in the broader digital currency ecosystem but with a generally less active community. Since the cryptocurrency hit an all-time high (ATH) of $19.90, its price fell as low as $4.8341 as of Oct. 13, underscoring the long-term&nbsp;<a href="https://u.today/is-aptos-apt-at-risk-of-sell-off-as-millions-set-to-unlock" rel="noopener noreferrer nofollow">price drawdown</a> spearheaded by early buyers that were taking profit off the coin.</p>
<p dir="ltr">Data from Cryptorank&nbsp;<a href="https://cryptorank.io/price/aptos/analytics" rel="noopener noreferrer nofollow">paints</a> an interesting picture as Aptos has printed more red months than green thus far this year. After ending January with 384.1% growth, the next eight months saw intense sell-offs of Aptos. While the digital currency ended with APT dropping by 29% in February, the coin slumped by 4.38% in March, while April and May came with 8.09% and 19.3% slumps, respectively.</p>
<p dir="ltr">Things took a different turn in October when APT ended the month with 28.4% growth. Though marginally, the trend continued in November when the protocol ended with 0.1% growth. Per current trends, Aptos’s demand boost, as showcased by its trading volume, might help it end December on a positive note as it has jumped as high as 43.1% thus far this month.</p>
<h2 id="banking-on-functional-relationships">Banking on functional relationships</h2>
<p dir="ltr">For Aptos, its growth potential lies in its technology, which is gaining massive adoption from the traditional institutional players. As&nbsp;<a href="https://u.today/aptos-apt-jumps-15-after-landing-microsoft-partnership" rel="noopener noreferrer nofollow">reported</a> earlier in August, Aptos and Microsoft inked a major partnership that will enhance Aptos’ tokenization potential.</p>
<p>Related partnerships like this, including those&nbsp;<a href="https://u.today/solana-killer-aptos-apt-reveals-core-role-in-mastercard-partnership" rel="noopener noreferrer nofollow">featuring Mastercard,</a> may start helping Aptos change its outlook in the long term.</p>

Solana Killer Aptos (APT) Jumps 10% as Demand Returns

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