The crypto market was more stable in the third quarter, with many coins seeing price increases. NASDAQ equities rose a remarkable 38% to reach $22,500 for the first time in two years.
Initial blockchain project Aptos (APT) was among the top performers, boasting a 54.73% increase over the previous day, according to CoinMarketCap data. The coin has been on a steady climb since its launch in 1993, with a 248% jump in January.
Aptos is a relatively new coin and has been doing well in a number of sectors. Ethereum (ETH), Solana (SOL), Ripple (XRP) and Bitcoin (BTC) are its closest competitors in terms of market share.
What is Behind Aptos’ Growing Popularity?
The biggest catalyst for Aptos’ recent success has been Binance’s announcement that it will increase its listing fee for new projects from 1-3%. The exchange also revealed that it has added Aptos (APT/BTC, APT/USDT) to its Liquid Swap Service, an automated market maker strategy that creates liquidity pools using two different tradable tokens.
Since the announcement, trading volumes for APT/BTC, APT/USDT and APT/USDT have increased significantly. Binance has also expressed its intention to compete directly with DeFi leaders such as Solana.
The market has responded positively to the news, with Aptos’ market cap reaching an all-time-high of $2.1bn, a 17% and 68% increase, respectively, over the past 24 hours. The token is currently trading at $13.28 with a 24-hour trading volume of $2 billion USD.
Aptos Price Hikes 68% to $13.77
The chart shows a bullish candlestick pattern called the “three white soldiers”, suggesting that the uptrend is likely to continue. The token faces immediate resistance at $16.95, while support is at $12.90.
The 50-day moving median is at $5.20, while the MACD and RSI indicators are both in overbought territory. This suggests that the uptrend may be controlled, with APT likely to remain bullish.
3 Coins to Consider During the Pre-Sale
Investing in altcoins can be a lucrative endeavor, especially when done through pre-sale. It requires research and patience, but it can pay off big in the end. Here are three coins that are worth looking into.
Fight Out (FGHT)
Fight Out is an affordable and easy-to-use personal training platform. It is tailored to those on a budget, allowing them to get the same rewards as a normal exercise program. It also includes Move2Earn, a time-tracking system that tracks performance in strength, endurance and other areas.
Investors can get a 50-100% pre-sale bonus depending on the amount of money they invest. The pre-sale has already raised more than $3 million.
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C+Charge (CCHG)
