The post Aptos crypto gains momentum, hits $8.41 – What’s fueling the surge? appeared on BitcoinEthereumNews.com.

On-chain data showed that the sentiment around the crypto was bearish. Development activity improved and other indicators predicted a rise in Aptos price. Days after it confirmed a collaboration with a certain project, Aptos [APT] is showing signs of life again. At press time, the Aptos crypto price had increased by 2.10% in the last 24 hours. This move ensures that the value of the token was $8.41. Like the price, the trading volume jumped, indicating a rising interest in Aptos. However, the increase was not without cause and could be traced back to a disclosure on the 6th of June. On the aforementioned date, IONET, a decentralized AI computing platform revealed that it had partnered with Aptos. Not everyone is excited According to the project, the decision was because it found Aptos  as the perfect layer-1 blockchain to provide a transparent record of AI assets. As a result, IONET has deployed its generative AI product on the Aptos crypto blockchain. Furthermore, IONET’s founder and CEO Ahmad Shadid mentioned that Aptos’ high speed and scalability was one of the reasons it chose the blockchain. Currently, Aptos can process 25,000 transactions per second, making it one of the  few blockchains with such capability. Despite the development, the Weighted Sentiment around Aptos dropped. At press time, AMBCrypto’s analysis of Santiment showed that the metric was -0.493, indicating that most comments about APT were negative. Should this remain the case, demand for the token might fall. Also, the recent price increase could be neutralized. However, social dominance around the Aptos crypto jumped. This indicated that discussion around it compared to other assets in the top 100 had improved. But the improvement is no proof of a potential rally, and our finding showed that it could be linked to IONET again. Source: Santiment TVL…

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Filed under: News - @ June 11, 2024 2:08 am