In the cryptocurrency market, Aptos (APT) is up an impressive 57% on its daily chart, indicating an uptrend and recovery towards previous highs. The rally comes on the back of a major announcement by leading crypto exchange Binance on Jan. 20.
Binance has opened new liquidity pools for Aptos (APT/BTC, APT/USDT) in its Liquid Swap offering, according to an official statement. Binance Liquidity Farming is a liquidity pool created using the Automatic Market Maker approach. Similar to other DeFi swaps, it consists of different liquidity pools, each containing two digital tokens that can be traded.
Binance’s move to open new liquidity pools for Aptos is a major endorsement of the cryptocurrency and has prompted a surge in investor interest. The announcement has also resulted in a significant increase in trading volume, with the APT/BTC and APT/USDT pairs seeing a notable increase in activity.
The market reaction to Binance’s announcement suggests that Aptos has the potential to become a major player in the DeFi space and could be a strong rival to Solana, the current leader in the space.
Overall, the recent rally in Aptos is a clear indication of growing interest and confidence in the cryptocurrency, and it will be interesting to see how it plays out over the coming days and weeks. With the support of Binance, Aptos appears to be on a solid path to recovery.
Aptos (APT) price review
In a stunning turn of events, cryptocurrency Aptos (APT) has seen a significant recovery as of Jan. 12 following the release of US Consumer Price Index (CPI) data. This led to a rally that saw APT close at $6.4632 for a massive 21.89% gain.
According to Coinmarketcap data, the token is now trading at $12.5 and its recent bullish momentum can be seen with the cryptocurrency rapidly approaching a high of $12 from $4.79 in 20 days. The weekly chart of the token is also bullish with an increase of around 70%.
Source: CoinMarketcap
In addition, APT’s trading volume has also increased massively by about 400% in the last 24 hours, with its market cap increasing by about 57.40% over the same period.
Related Reading | Shiba Inu integrated into Robinhood’s newly launched Web3 wallet
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.