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HomeMarket AnalysisAptos bullish after the anniversary outage, here’s why APT price is rising

Aptos bullish after the anniversary outage, here’s why APT price is rising

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crypto
  • There has been some substantial in-game activity on the Aptos Arena.
  • There has also been an overall positive sentiment in the cryptocurrency market.
  • The price of Aptos (APT) token has climbed by 21% over the last 7 days.

The Aptos (APT) cryptocurrency has been making headlines with its impressive performance, recently breaking through the $6 mark, and gaining a staggering 21.01% in the past week alone. The token is rising four days after Aptos suffered a five-hour outage. The outage coincided with the same week that Aptos was launched in 2022.

This remarkable price surge has piqued the interest of investors and crypto enthusiasts. But what is driving this extraordinary growth in the Aptos network, and why is it attracting significant attention?

Aptos’s rapid expansion and global presence

Aptos Network has been experiencing rapid expansion, with a notable milestone of 112 nodes operating around the world. These nodes are strategically distributed across 25 different countries and 50 cities, ensuring a resilient and globally accessible network infrastructure.

The increase in the number of nodes plays a crucial role in enhancing the stability and security of the network, attracting more users and developers to participate in the Aptos ecosystem.

In-game activity on Aptos Arena

One factor contributing to Aptos’ remarkable growth is the burgeoning adoption of its online multi-player game platform, the Aptos Arena. The Arena is seeing a surge in activity with over 12,000+ unique players, 67,000+ spawns, and a staggering 150,000+ transactions as of October 23.

The game is sprawling with activity as gamers compete to spawn and earn APT for every kill. There are also over $10,000 in giveaways plus NFTs.

These statistics highlight the robust engagement within the Aptos Arena, indicating its popularity and the thriving in-game ecosystem it offers.

APT price analysis

Aptos (APT) is currently trading at $6.0596 with a market capitalization of $1,491,384,688, securing its position at 33 in the cryptocurrency market.

The trading volume in the last 24 hours reached $455,290,068, ranking Aptos at #12 by volume. With a circulating supply of 246,120,278 APT and a total supply of 1,061,598,542 APT, Aptos demonstrates a healthy token distribution. The fully diluted market cap for APT is estimated at $6,430,581,495.

Notably, Aptos has experienced significant price fluctuations, with its all-time high recorded at $19.90 on January 30, 2023, and an all-time low of $3.09 on December 30, 2022. Despite these fluctuations, the recent bullish trend indicates that Aptos is making strides to reclaim its previous highs.





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