Companies offering crypto-based services have been working to expand their global presence by launching their service with the highest rate of crypto adoption. Dozens of companies have acquired regional subsidiaries of crypto firms to slowly extend its existence in the regional markets of nations as well.
Most recently the developer of Aptos Network, Aptos Labs has announced that it has acquired HashPalette, a non-fungible token service provider based in Japan. The acquisition will help Aptos to serve more users in the Asian market.
Post migration the Aptos Labs and HashPalette will work together for the betterment and expansion of the ecosystem.
An X post dated October 03, 2024 notes that “HashPort and Aptos Labs will work closely together in the transition and will take great care to ensure that all stakeholders, including PLT and ELF holders, are not disadvantaged by the migration.”
[Notification]HashPalette Inc. has decided to transition from a wholly owned subsidiary of HashPort Inc. (@hashport_io ) to a wholly owned subsidiary of Aptos Labs, developer of the Aptos Network(@Aptos ), pursuant to an agreement between HashPort and Aptos Labs. Accordingly,…
— HashPalette_Global (@hashpalette_en) October 3, 2024
Following the news the CEO and Co-founder of Aptos Labs, Mo Shaikh said “Combining Aptos’ scalable infrastructure with a world-class team will enable Japanese users and developers to unlock new possibilities in the entertainment and digital sectors.”
The Acquisition News Set Aptos Price to Sky!
As of writing, Aptos (APT) was trading at $8.39 adding 8.69% in the past 24 hours, market watchers claim that the spike has been clearly backed by the news of the acquisition. At the same time, its market capitalization was $4,212,593,326 growing 9.15% and its trading volume was $364,143,306 growing 8.10%.
Source: TradingView
In the past 24 hours, APT price surged 5.34% and it grew 32.09% in the past 30 days; the press time trading prices were above the 20,50, 100, and 200 days EMA.
If bulls continue to dominate the bears APT is expected to mark the resistance of $8.47 followed by the next resistance of $9.21. The near-visible supports of ATP tokens are $6.07 and $5.33.
Crypto Market Price Updates
When writing the cryptocurrency market capitalization was $2.072 trillion declining 1.82% in the past 24 hours, and it fell 4.58% in a week. The total crypto market volume over the last 24 hours is $94.54B, which makes an 18.97% decrease.
Until publishing Bitcoin was trading at $60,999 losing 0.91% intraday and falling 3.14% in the past seven days. Ethereum was trading at $2,366 losing 3.46% in the past 24 hours and declining 9.85% in a week.
The intraday gainer’s list is ruled by Aptos followed by Flare trading at $0.01614 growing 7.31%, and Sui surged 2.92% reaching $1.91. However, the intraday loser list is ruled by Ethena trading at $0.3039 falling 15.46% followed by Fantom trading at $0.6212 failing 11.45%.
Solidus Ai Tech became the most visited cryptocurrency in the market followed by Bitcoin, BlackCardCoin, Ethereum, XRP, and Solana. Pear/USDC is the most traded DEX pair in the market followed by omochi/Sol, UNKNOWN/USDC, Lol/Sol, and $Dice/Sol.
Hamster Kombat is topping the trending list of CoinMarketCap as it lost over 51.50% reaching $0.004732.
