Why Aptos is at an all-time high as the price of Bitcoin rose 2.3%

[ad_1]

Thursday, January 26, 2023 7:35 a.m.

Aptos is going from strength to strength this week, having more than doubled in value over the past seven days, hitting an all-time high of 15.17.

The cryptocurrency, created by the team behind the Diem blockchain abandoned by Metas, has soared 145.8% this week, including 44.3% in the past 24 hours alone.

Its growth was fueled by above-average selling prices on South Korean exchange UpBit, where about half of token trading volume took place in the past day.

The cryptocurrency often fetches higher prices on South Korean exchanges, which savvy traders can turn to their advantage by buying low elsewhere and selling high on exchanges like UpBit.

Booming transactions on Topaz Group’s NFT Marketplace are also driving Aptos’ record growth, with popular NFT collections Aptos Monkeys and Aptomingos seeing sales volume growth of 735.42% and 321.19%, respectively. in the last 24 hours.

Solana is also on the rise among major currencies, dropping its association with FTX founder Sam Bankman-Fried, having more than doubled in value since the start of the year and growing 8.3% in recent years. 24 hours.

This comes as Bitcoin climbs 2.3% in the past day and 11.7% in the past week, with Goldman Sachs calling it the best performing crypto asset of 2022 in recent data yesterday. .

The major currency has been at the forefront of the market rally since the start of the year, having gained almost 50% in value since the start of January.

Read more

Crypto exchange Luno to cut hundreds of jobs

Content tagged similarly: Sections Categories Related topics

[ad_2]