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The cryptocurrency market has demonstrated an exceptionally positive trend since early 2023. Last half a month, Several assets have been priced higher, including bitcoin, which went up 37% and is now trading at more than $22,500 for the first time in almost a month.
Altcoins emerged as real stars from the segment, with numerous outstanding achievements on the market, and even though this is an exceptional accomplishment, altcoins have become major market stars.
According to the statistics provided by CoinMarketCap (1), Aptos (APT), one of the top performing coins in last week, with a gain of 93% during this time.
With a price increase of more than 340% since the beginning of the year, APT has emerged as one of the coins with the most remarkable performance in 2023. It's still a relatively new chip, its price hike in 2023 should surpass that of many market giants, inclusive of Ethereum (ETH), Solana (SOL), Ripple (XRP), and sure enough – Bitcoin (BTC).
Aptos (APT) is now trading for $13.85 in the market today.
Where does that exponential growth come from?
Aptos was one of the last projects to be introduced in the world of cryptocurrency when it was published on October 19th, 2022. 23 Oct, the value of an apt chip in ath has been established at $10.25. Despite that, apt started trading at $3.43 at the beginning of the year because of the ftx crisis in November.
The significant increase in the price of APT can be ascribed to various variables, and one of these factors is the expanding support from various crypto currency initiatives. After receiving authorization from its user community, the crypto currency exchange known as PancakeSwap announced (2) on January 6 that it would be deployed on the Aptos blockchain.
Apt prices rose 97.6% in the week following this press release, which marked the beginning of the boom in apt prices in 2023. Meanwhile, the atomic portfolio, considered one of the best cool crypto portfolios with over 3 million users, announced that they would start supporting apt right away.
The ongoing hype generated about the APT project due to its roots in the long-defunct Meta Diem blockchain program is another element that has contributed to the tremendous price increase that APT has seen.
Many investors consider aptos as a blockchain which has a huge opportunity to become a major contender to ethereum, solana, or other contract-compatible smart platforms because they're designed with a lot of fascinating characteristics, like its unique coding language, move.
What kind of stuff can we expect to happen in 2023?
In 2023, the blockchain of aptos will be significant to observe. The developer team will emphasize the introduction of demand-driven gas charges, as indicated by the roadmap (1) for the project. This will significantly reduce the gasoline costs currently billed on the system.
It is expected that such a successful upgrade could benefit an apt token that flies into the skies. However, it goes without saying that this is speculation and should not be the basis for investment decisions.
