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Aptos value up 249% in 14 days: Aptos NFT markets see elevated exercise

  • At press time, Aptos (APT) ‘s value is about $13.56 down 3.4% in 24 hours.
  • Nonetheless, the APT value has gone up by about 249.1% within the final 14 days.
  • The Aptos NFT market Topaz is seeing elevated exercise.

Regardless of right this moment’s value drop, the worth of Aptos has risen by nearly 250% over the previous 14 days. That is regardless of the a number of crypto initiatives throughout the broader crypto market grappling with bankruptcies as most crypto gamers anticipate a bull rally into the 12 months.

Aptos (APT) chart exhibiting value surge. Supply: TradingView

 Simply final week, Aptos was buying and selling at about $7 and at $3 in November 2022 which means it has surged by greater than 300% since November final 12 months; a transfer primarily spearheaded by spot tokens whereas futures markets stay largely muted.

Elements pushing the worth of Aptos up

Whereas the Aptos value rise corresponds to a wider crypto restoration because the begin of the 12 months, the large 249% rise has raised speculations as to what’s occurring behind the scenes. Now we have delved into what has been pushing the worth of Aptos up and listed here are the small print.

Mainly, what has been pushing the worth of Aptos (APT) token up over the previous two weeks is the elevated actions on the Topaz NFT market, which is Aptos Labs’ NFT market.

Knowledge from Topaz reveal that NFT collections just like the Aptomingos NFT assortment and Aptos Monkeys have attracted tens of hundreds in buying and selling quantity and the worth of particular person NFTs has additionally been rising.

Along with the sustained APT value rise, fashionable crypto merchants predict the curiosity in Aptos NFTs to proceed surging over the approaching days with flipping (fast shopping for and promoting) NFTs taking the middle stage.

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