- At press time, Aptos (APT) ‘s worth is about $13.56 down 3.4% in 24 hours.
- Nonetheless, the APT worth has gone up by about 249.1% within the final 14 days.
- The Aptos NFT market Topaz is seeing elevated exercise.
Regardless of right this moment’s worth drop, the worth of Aptos has risen by nearly 250% over the previous 14 days. That is regardless of the a number of crypto tasks inside the broader crypto market grappling with bankruptcies as most crypto gamers anticipate a bull rally into the yr.
Simply final week, Aptos was buying and selling at about $7 and at $3 in November 2022 which means it has surged by greater than 300% since November final yr; a transfer primarily spearheaded by spot tokens whereas futures markets stay largely muted.
Elements pushing the worth of Aptos up
Whereas the Aptos worth rise corresponds to a wider crypto restoration because the begin of the yr, the huge 249% rise has raised speculations as to what’s occurring behind the scenes. We now have delved into what has been pushing the worth of Aptos up and listed here are the small print.
Principally, what has been pushing the worth of Aptos (APT) token up over the previous two weeks is the elevated actions on the Topaz NFT market, which is Aptos Labs’ NFT market.
Knowledge from Topaz reveal that NFT collections just like the Aptomingos NFT assortment and Aptos Monkeys have attracted tens of hundreds in buying and selling quantity and the worth of particular person NFTs has additionally been rising.
Along with the sustained APT worth rise, widespread crypto merchants expect the curiosity in Aptos NFTs to proceed surging over the approaching days with flipping (fast shopping for and promoting) NFTs taking the middle stage.