Aptos has been pushed up by internal development in the ecosystem. according to CoinGeckoAPT is up 75% in the bi-weekly period, notching its biggest gain this January.
The mainnet of the Aptos ecosystem was only released on October 12, 2022, making it one of the youngest blockchains on the market. But this did not stop Aptos because it quickly gained popularity, having more than 70 projects built or under development in the chain.
With the recent developments, the APT token is expected to register its all-time high this year.
Positive Development For Aptos
On-chain developments have been very bullish for the ecosystem. On January 2, the METAPICAL team declare who are building a blockchain game on the Aptos network. It’s called Gran Saga: Unlimited, an MMORPG that will be based on NPixel’s original game of the same name.
Team in @METAPIXEL has opened the first game in that ecosystem, built on @Aptos_Network
Gran Saga: Unlimited will be released (in some form) later this year.
A thread by @nederob 🧵👇 pic.twitter.com/1Rgpd5SEui
— DappRadar (@DappRadar) January 2, 2023
The test launch will happen in the first quarter of this year with the full launch later this year. Polygon and Blockchain Flow also adopted ecosystem research on consensus algorithms and parallel machines which are both important parts of Block STM Aptos technology.
This development may put Aptos technology in the spotlight and it will be an interesting development if Polygon and Flow also adopt the technology.
Moralis, a Web3 API company, also recently announced that it will support Aptos under the new post a blog by the network on January 17. This will allow developers to have access to the tools they need to build on top of Aptos easily.
Image: Aptosfoundation.org
APT At $13.70 – What’s Next For Tokens?
Since the beginning of the year, APT has grown more than 300% in chart which may or may not face a correction in the next few days. In the event of a correction, APT investors and traders can count on several key levels to support a bullish rebound.
But a correction phase near the current support at $11.82 may not be favorable for bears. Recent on-chain developments and APT’s correlation with major cryptocurrencies have hindered the bears’ attempts to retest support and regain lost ground.
Crypto total market cap at $995 billion on the daily chart | Chart: TradingView.com
With two Bitcoin and Ethereum continue their bullishness, APT investors and traders will greatly benefit from this as gains for BTC and ETH also mean gains for APT.
Now, investors and traders can be confident of reaching new highs as the broader crypto market looks bullish for 2023. However, if the token finds itself in a correction phase, APT bulls may need to focus on consolidation for healthy bullish momentum.
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