Aptos has been driven upwards by internal developments in the ecosystem. According to CoinGeckoAPT is up 75% on the biweekly time frame, making its biggest gains this January.
The mainnet of the Aptos ecosystem only launched on October 12, 2022, making it one of the youngest blockchains on the market. But this hasn’t hindered Aptos, as it quickly gained popularity, with more than 70 projects under construction or pipeline development.
With the accumulation of recent developments, the APT token is expected to record higher highs this year.
Positive developments for Aptos
On-chain developments have been very optimistic for the ecosystem. On January 2, the METAPIXEL team Announced who are building a blockchain game on the Aptos network. It’s called Gran Saga: Unlimited, an MMORPG that will be based on the original game of the same name by NPixel.
Grand Saga: Unlimited will be released (in some form) later this year.
—DappRadar (@DappRadar) January 2, 2023
The test release would happen sometime in this first quarter of this year with the full release later this year. Polygon Y Flow Blockchain it also embraced the ecosystem’s research on consensus algorithms and parallel engines, which are crucial parts of Aptos’ Block STM technology.
This development could make the Aptos technology more prominent and will be an interesting development if both Polygon and Flow also use the technology.
Moralis, a Web3 API company, also recently announced that it will support Aptos according to a recent blog post online on January 17. This would allow developers to have access to the tools needed to build on top of Aptos with ease.
APT at $13.70: what’s next for the token?
Since the beginning of the year, APT has grown by more than 300% in the graphics which may or may not face a correction in the coming days. If a correction ever occurs, APT investors and traders can rely on several key levels to support a bullish bounce.
But a correction phase near its current support at $11.82 might not be ideal for the bears. Recent on-chain developments and APT’s correlation with major cryptocurrencies have prevented any attempt by bears to retest support and regain lost ground.
Total crypto market capitalization at $995 billion on the daily chart | Chart: TradingView.com
With both Bitcoin Y Ethereal Continuing his optimism, APT investors and traders would benefit greatly from this, as gains for BTC and ETH also mean gains for APT.
For now, investors and traders can be confident of hitting new highs as the broader crypto market looks optimistic for 2023. However, if the token is in a correction phase, APT bulls may need to focus. in consolidation for a healthy bullish momentum. .
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This post Aptos up 75%: keeping APT in the green in the last 7 days
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