fit [APT] 2023 starts with a bang, should Solana holders worry?

  • Apto’s transaction speed feature may prove to be a “Solana Killer”.
  • APT has increased by more than 400% in the past month.

With its growing list of partnerships and product launches, fit [APT] It made the cryptocurrency world stand up and take notice. the newly The first leg of her ambitious hackathon world tour concluded in Seoul.

In addition, it has expanded its footprint in the Web 3 gaming ecosystem. Its partner METAPIXEL has announced the upcoming launch of ‘Pixelcraft’ on the Apto Network through an official title reveal video.

However, everyone’s next question would be whether all the fuss was enough to bring Solana down [SOL] Which APT has consistently opposed.

Realistic or not, here’s the market cap of APT in BTC terms

Aptos has a clear advantage in this area

Aptos is a layer 1 proof-of-stake blockchain launched in October 2022 by Meta engineers (formerly Facebook) after Meta Failed to launch its own blockchain. The series was developed using a Rust-based programming language called MOVE.

Unlike other blockchains, Aptos uses parallel execution A mechanism that helps reduce latency and generate faster transaction speeds. Aptos Solana specifically challenges you in this department.

according to ZebPaySolana can process 65,000 transactions per second (TPS) while Aptos managed to clock more than double that at 150,000 TPS. This difference in productivity could decisively shift momentum in APT’s favor in the long run.

Solana also suffers several blackouts in 2022. In one of them interviewAnatoly Yakovenko, one of Solana’s co-founders, described network outages as Solana’s bane.

The Aptos NFT and DeFi spaces are promising

Total APT Closed Volume (TVL), although much smaller than Solana’s, has been showing better growth lately. While SOL has grown by 0.44% in the past seven days, APT more Up nearly 4% over the same time period, data from DeFiLlama showed.

APT’s TVL price is $61.38 million at the time of writing, primarily driven by Pancakeswap [CAKE]which controlled nearly 60%.

Source: DeFiLlama

Apto’s growth has also been driven by its NFT pools. NFT trading volume on the network hit a three-month high of $1.92 million recently. The expansion has been strong in the past two weeks.

Source: feeling

What is the value of 1,10,100 APT today?

Apto’s growing appeal has been reflected in the recent price action as it has become one of the most profitable cryptocurrencies in the market.

The price has increased from around $3 at the beginning of the year to $15.57 at the time of writing. Over the same time period, its market capitalization has risen to over $2.6 billion. However, the price action over the past 10 days indicated a correction.

The Relative Strength Index (RSI) has dropped from the overbought area. Although it remains above the neutral 50 level, there were early signs of a correction.

Balance Volume (OBV) also started a southward movement indicating that traders were looking to book profits after the upward surge. The Awesome Oscillator (AO) was also in the red.

Source: TradingView APT/USD

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