Aptos Price Pump 68% to $13.77 as it Prints All-Time High - Too Late to Buy?
In the last quarter, the crypto market showed increased stability, with many coins experiencing a price surge. Bitcoin, in particular, has shown incredible gains since the start of 2023, having gained over 38% to trade above $22,500 for the first time in two months.
Alongside Bitcoin, many altcoins have been very successful in the market, and they have pulled off a stunning performances. Aptos (APT), one of the earliest blockchain projects, is up 54.73% from the previous day based on data from CoinMarketCap.
APT has been one of the best performers in 2023 since its creation. For example, in January, it increased by 248%. As a new coin, it has outpaced many others across different sectors. However, Ethereum (ETH), Solana (SOL), Ripple (XRP), and Bitcoin (BTC) come close to it on the market share front.
The spike was caused by news of a huge announcement made by Binance, the largest cryptocurrency exchange, on January 20. According to the notice, the listing fee for new projects would increase from 1% to 3%. The Liquid Swap service on Binance has expanded to include Aptos (APT/BTC and APT/USDT), the exchange announced.
The automatic market maker strategy was used to establish the Binance liquidity farming liquidity pool. It operates similarly to other DeFi swaps in that it is made up of different liquidity pools, each of which contains two tradable digital tokens.
Binance recently announced that they are opening new liquidity pools that will serve different markets. The ensuing increase in trading volume has been significant, with APT/BTC and APT/USDT pairs seeing a significant uptick in trade activity.
It is evident that Aptos could succeed in the DeFi space. Binance commented on their plans to directly compete in the sector
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