APT digital currency is flying high and approaching the value of $ 10
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Answer APT digital currency is flying high and approaching the value of $ 10
The market capitalization of Aptos rose to more than $1 billion, APT trading volume increased and APT cryptocurrency entered the list of the top 100 cryptocurrencies by total market capitalization.
Aptos Labs developers announced the launch of the project’s mainnet on Monday, October 17, 2022.
Prior to the launch of the mainnet, a Layer 1 (L1)-based blockchain project was backed by millions stemming from venture capital firms and cryptocurrency trading firms such as Multicoin Capital, Binance, FTX, and Andreessen Horowitz (a16z).
The founders of the project previously worked at Facebook and specifically on the now-defunct Diem blockchain project.
After the mainnet was launched, Aptos received a great deal of criticism from the crypto community, with the project dubbed “Solana Killer” being criticized upon its launch despite not achieving the promised fast transactions written in the project’s white paper.
Read:Violent reactions from the crypto community to “Coinbase” after its founder stated that it is decentralized
Where in the first appearance of the project it was achieving 4 transactions per second, but it promised 100,000 transactions per second (TPS) in its final version.
At the time of writing this article, Aptos is recording around 16.68 transactions per second and 8,188,514 APT transactions have been settled so far.
The current rate of 16 transactions per second tracked by Aptos explorer is faster than the rate of 2.87 transactions per second for Bitcoin recorded on October 22.
Meanwhile, the Aptos network is very new, and APT has managed to position itself as the most valuable cryptocurrency currently standing at number 42 in terms of total market capitalization.
APT has a circulating supply of about 130,000,000 coins while the total coin supply is estimated at over 1 billion APT cryptocurrencies.
In the last 24 hours, the digital currency APT recorded a trading volume of 1.3 billion dollars.
According to the platform coinmarketcap The digital currency APT is trading at the time of publication at $9.85 with a high of $9.93 in the last 24 hours, while the lowest level was recorded 3 days ago when the coin was trading at $6.73.
Read:Bitcoin Analysts Explain Why Bitcoin Is Rising Again
Huobi Global is currently the most active trading platform, followed by Binance, Okex and Digifinex respectively.
The digital stablecoin USDT is the most active trading pair with APT.
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