Aptos is riding high this week, with record growth of 61.1% that has filled investors with confidence in the “Solana-killer.”
The newly released token and blockchain, developed by the same team behind Meta’s discontinued cryptocurrency project, Diem, was designed for ease of use, widespread adoption, and scalability with its proprietary programming language called Move.
Therefore, Aptos technology has gained support from NFT-based games like Crypto Kitties, as well as major crypto exchanges and crypto wallets.
Its meteoric rise was sparked on January 6 when crypto exchange PancakeSwap announced its rollout on the Aptos Blockchain.
This was followed soon after by confirmation that the Atomic Wallet crypto wallet was backing the platform in a move that would bolster its growth and inspire confidence.
This comes as blockchain-based video game currency Axie Infinity suffers a steep drop of 9.2% in the past 24 hours, triggered by recent supply growth that outpaced demand.
While still beating its value at the start of the year, the token is showing worrying signs of decline, with trading volume down nearly 60% in the past 24 hours.
Meanwhile, Bitcoin prices had a positive 24 hours as it once again broke through the $23,000 (£18,535.70) mark, a milestone it hadn’t crossed for the past seven days. October last year.
Overall, the major cryptocurrency is up 9.3% from seven days ago.