Aptos is riding high this week, with record 61.1 per cent growth that has filled investors with confidence in the ‘Solana-killer’.
The newly released token and blockchain, developed by the same team behind Meta’s abandoned cryptocurrency project Diem, was built to enable ease-of-use, widespread adoption and scalability with its proprietary programming language called Move.
Consequently, Aptos technology has garnered the support of NFT-based games like Crypto Kitties, as well as leading crypto exchanges and crypto wallets.
Its meteoric rise was triggered on 6 January when crypto exchange PancakeSwap announced its rollout on the Aptos Blockchain.
This was followed shortly after by the confirmation that crypto wallet Atomic Wallet was supporting the platform in a move that would reinforce its growth and inspire confidence.
It comes as the currency of blockchain-based video game Axie Infinity suffers a sharp dip of 9.2 per cent in the last 24 hours, sparked by a recent growth in supply that outmatched demand.
While still beating its start-of-year value, the token is showing worrying signs of decline, with an almost 60 per cent drop in trading volume over the last 24 hours.
Meanwhile, Bitcoin prices have seen a positive 24 hours, as it once again clears the $23,000 (£18535.70) mark, a milestone that, prior to the last seven days, it had not managed since October last year.
Overall, the leading cryptocurrency is up 9.3 per cent compared to seven days ago.