
Aptos, the Layer 1 (L1) blockchain platform, is experiencing a rapid upward climb, marked by robust expansions in various key metrics. In the last 24 hours, its native token APT saw a 12% price rally, inching close to a record high of $19.92. This surge has happened against a backdrop of a broader price correction in the cryptocurrency market.
Since early March, APT has been demonstrating considerable strength. Over the course of the last 30 days, the digital token’s value surged by an imposing 94%. Simultaneously, the platform found itself increasingly recognized and appreciated within the realm of cryptocurrencies. Scaling to the 23rd spot among the largest cryptocurrencies by market capitalization, Aptos stands with a valuation of $7.3 billion, up from $4 billion at the beginning of the month.
Trading volumes, too, reflected this amplified interest in Aptos. The last 24 hours witnessed $542,531,437 worth of APT changing hands, according to CoinGecko data—an uptick of an impressive 90.70% compared to the preceding day. This flurry of activity pushed the APT’s price to fluctuate between $18.50 and $19.
When scanning the daily APT/USD chart for any significant resistance levels, the picture seems promising for Aptos. Reaching the $20 milestone, signifying a new all-time high, may very well be within the token’s grasp. Nonetheless, the continuation of this bullish momentum will depend largely on the token holders’ ability to retain their gains, thereby influencing APT’s future performance.
However, it is worth considering that a potential retesting of the next support level at $17.36 may be on the cards should profit-taking and selling pressure mount. If the $17.36 support level doesn’t hold, APT is likely to find the next significant support level at $16.31. Yet, as long as the $12.14 support level doesn’t crack—indicating a hefty 30% collapse—the bullish structure of Aptos remains intact.
In tandem with the price advancement of its native token, Aptos’ key metrics have charted significant growth in the past 30 days. As per data from Token Terminal, the number of token holders spiked by 3.4% during this period to reach a total of 11.79 million individuals.
Aptos also experienced a noteworthy increase in terms of generated fees, reporting $209.16 thousand in the last 30 days, which reflects an 87.8% rise. This has cumulatively bumped the annualized fees to $2.54 million—an additional 0.2% in growth.
From a broader perspective, there’s been conspicuous enlargement in Aptos token’s trading volume, touching a substantial $10.82 billion over the span of the last 30 days. This uptick signifies an impressive growth of 178.2%, thereby further consolidating the strong position of Aptos in the ever-evolving world of cryptocurrencies.