Aptos (APT) Price Shoots 12% As TVL Hits $920M New All-Time High
The post Aptos (APT) Price Shoots 12% As TVL Hits $920M New All-Time High appeared on BitcoinEthereumNews.com.
Aptos price has made headlines with a significant 12% price surge, driven by a spike in staking activity on the MEXC exchange. The prominent Layer-1 blockchain has caught the attention of investors as this recent increase has pushed it above crucial resistance levels on its daily chart. Additionally, Aptos’ decentralized finance (DeFi) ecosystem has reached a new milestone, with its Total Value Locked (TVL) hitting an all-time high of $920 million. This combination of strong staking demand and DeFi growth has positioned Aptos for continued bullish momentum. The APT price today is $11.05, which represents an 8.6% increase in the last 24 hours. MEXC Staking Surge Fuels 12% Surge in Aptos Price The primary catalyst behind the recent APT price increase is the surge in staking activity on the MEXC exchange. 🚀 $APTOS @Aptos Harvest is LIVE – Reap the $1.5M in rewards 🚀 🔹0 fees on $APT/USDT spot trading🔹Up to 20% APR on a 30-day locked staking🔹Trade APT futures to share a 200,000 $USDT bonus pool Spread the word now to share an extra 150 $APT: https://t.co/BXujyOhXl5 — MEXC (@MEXC_Official) October 21, 2024 Staking allows investors to earn rewards by locking up their tokens, which reduces the circulating supply and can drive up the price. The increased demand for staking Aptos on MEXC has created upward pressure on the price. Traders on MEXC will share in a $1.5 million reward pool for staking their APT tokens with up to 20% APR if they lock the tokens for 30 days. The Aptos price spike marks a notable recovery from its recent low of $9.61 last week. However, the broader crypto market is down 3.3% after the Bitcoin (BTC) price showed weakness around and dropped to the $66,000 level. What’s Next For APT Price? The Aptos price chart shows a strong…
Filed under: News - @ October 22, 2024 7:18 am