The sentiment around Aptos crypto was bearish, but development activity and other indicators pointed towards a potential rise in price. After confirming a partnership with IONET, Aptos saw a 2.10% increase in price, reaching $8.41. This partnership, along with the upcoming launch of IONET’s cryptocurrency and a rise in Total Value Locked (TVL), contributed to the positive momentum.
Despite the positive developments, the Weighted Sentiment around Aptos dropped to -0.493, indicating negative opinions about the token. However, social dominance increased, suggesting a higher level of discussion compared to other assets in the top 100. The rise in TVL and development activity on the Aptos blockchain also provided a bullish outlook for the future.
The increase in trading volume and interest in Aptos may be linked to the collaboration with IONET and the upcoming listing on Binance. The high speed and scalability of the Aptos blockchain make it an attractive choice for AI assets, according to IONET’s founder and CEO Ahmad Shadid. With the ability to process 25,000 transactions per second, Aptos stands out among other blockchains.
While the Funding Rate for Aptos was positive at 0.01%, it was lower than previous levels, indicating a potential decrease in confidence among traders. Despite this, spot traders seemed bullish on Aptos, suggesting a possible price increase to $9 in the short term if selling pressure does not intervene. Overall, the recent developments and partnerships have fueled optimism for the Aptos crypto’s future prospects.
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