Aptos (APT) outperforms Solana (SOL) in a downturn, here’s why
The market has been sluggish recently, but Aptos (APT) has shown amazing resilience, with a stronger price increase than Solana (SOL).
Aptos is really a resilient player in the recent market environment. According to CoinGecko data, APT has risen 36.5% in the past 30 days.
That’s not all, it has also risen 22.9% in the past 14 days, and even 2% in the past 24 hours. Solana, on the other hand, has performed much more mediocre, rising only 8.8% in the past 30 days. Moreover, SOL has fallen nearly 11% in the past week and 3.2% in 24 hours.
Let’s talk about the big news. Franklin Templeton, a global investment management company, chose Aptos! They launched the OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain.
Now, institutional investors can easily buy this fund through Franklin Templeton's Benji Investments platform. Moreover, investors can also choose to manage their wallets on the Aptos network, how convenient!
Aptos has more than these actions, they also plan to enter the Japanese market. How to do it? By acquiring HashPort's subsidiary and HashPalette, the developer of the Palette blockchain.
After the acquisition, HashPalette plans to move their Palette chain and applications to the Aptos network in early 2025. Palette Chain's governance token (PLT) holders can also choose to exchange tokens for APT, but how to exchange them remains to be seen. This integration must be completed before the 2025 Osaka World Expo.
The timing of this acquisition also coincides with Aptos's role as the exclusive blockchain provider of the digital wallet system at the Osaka World Expo.
In addition, Aptos Labs has also teamed up with HashPort. They said that this cooperation will allow HashPort to continue to use Aptos Network's infrastructure to build blockchain solutions for their corporate customers and further promote the large-scale application of Web3 in Japan.
After a few days of sharp declines, BTC, ETH, SOL, PEPE, SUI, DOGE, WIF, FET, AAVE, and BNX should enter the market to ambush, otherwise you will miss this wave of bull market! If you are still hesitant and confused, come to me for layout, I will teach you
