Aptos, the fast-growing Layer-2 network, has rallied over the past four months, with technical indicators pointing to a potential 120% jump.
Aptos reached $13.60 on Dec. 12, marking a 215% increase from its lowest level in August this year.
This recovery happened as Bitcoin Bitcoin
btc1.49% Bitcoin and other altcoins experienced significant rebounds. Bitcoin appears to have set a strong floor price of $100,000, while the Altcoin Season Index has surpassed 70. Altcoins like Aptos tend to perform well during Bitcoin’s strong uptrends, as investors often seek cheaper alternatives.
Data also indicates growing developer interest in Aptos. Its total value locked (TVL) in the decentralized finance industry has surged to over $1.245 billion, up from $121 million in January.
Key players in the Aptos DeFi ecosystem include dApps like Aries Markets, Amnis Finance, Echelon Market, and Cellana Finance.
Additionally, Aptos has accumulated $321 million in stablecoins, a figure that continues to grow.
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