Layer 1 (L1) blockchain platform Aptos has experienced a significant increase in key metrics, accompanied by a 12% rise in the price of its native token APARTMENT in the last 24 hours. On Tuesday, the token’s price approached its all-time high (ATH) of $19.92, reaching above $19.
APT targets $20 milestone
Despite the recent price correction across the broader cryptocurrency market, Aptos’ APT token has been performing impressively uptrend since the beginning of March. In the last 30 days, the token has risen over 94%, demonstrating its strong performance.
Aptos also gained recognition in crypto, rising to 23rd position among the largest cryptocurrencies by market capitalization. Currently valued at US$7.3 billion, the token has experienced a substantial increase from the US$4 billion recorded at the beginning of the month.
Aptos (APT) trading volume has seen a significant increase, reaching $542,531,437 in the last 24 hours, a notable increase of 90.70% from the previous day, according to CoinGecko data.
Analyzing the APT/USD daily chart, no significant resistance levels are observed, indicating that reaching the $20 mark may be within reach, which would mark a new all-time high for the token.
The sustainability of the bullish momentum and the ability of investors to maintain their gains will play a key role in determining the currency’s future performance.. However, a possible retest of the next support level at $17.36 cannot be ruled out in case of profit-taking and selling pressure.
If the $17.36 support level does not hold, the next significant support level for APT will be at $16.31. However, it is important to note that APT high structure remains intact as long as the $12.14 support level remains unbroken, suggesting that bulls currently have the upper hand as long as a sharp 30% decline does not occur.
Aptos attracts 11 million tokenholders in 30 days
Alongside the rise in the price of its native token, Aptos has seen significant growth in key metrics over the past 30 days. According to Token Terminal datatoken holders have grown significantly, increasing 3.4% to 11.79 million individuals in the last 30 days.
In terms of fees generated, Aptos saw a notable increase. In the last 30 days, fees generated were US$209,160, representing a growth rate of 87.8%. Annualized fees reached $2.54 million, a slight increase of 0.2%.
Over a longer period of time, the Aptos token volume of business has experienced significant expansion, reaching US$10.82 billion in the last 30 days, indicating a significant increase of 178.2%.
Featured image from Shutterstock, chart from TradingView.com
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