In the DeFi space, many people look for projects that could replicate or even surpass the success of top crypto coins. One such project that everyone is talking about right now is DTX Exchange (DTX), a DeFi coin now in phase three of its presale.
Among the altcoins, $SUI and $APT put on two impressive runs over the last several days that took them both to gains of at least 10% for the week. Can these positive gains be maintained going forward?
According to data from TokenUnlocks, over $451 million worth of tokens are scheduled for release between October 8 and October 14, 2024, with Aptos (APT) leading the pack. Aptos (APT) is poised to release the largest amount of tokens in terms of value.
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
Three cryptocurrencies will unlock nearly $150 million worth of tokens, potentially flooding the market with increased supply pressure. Speculations on the outcome of such massive inflation could bring uncertainty and increase the risks of trading these tokens.
With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.
APT has posted a significant rally in recent days, boosting trader confidence.
Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.
Bitcoin (BTC) has maintained its position above the critical $60,000 support level, even as many altcoins face significant downward pressure. Bitcoin's resurgence has propelled its market dominance to levels not seen in nearly three years, highlighting a clear divide in performance between Bitcoin and the broader cryptocurrency market.
Aptos' explosive network growth and rising social dominance could fuel a major price surge.
Aptos (APT) has seen an impressive 8.8% increase in its value over the past 24 hours. This surge comes despite prevailing market fears and volatility, highlighting Aptos' resilience as it holds above crucial support levels.
Despite registering a 43% price increase in the last 30 days, Aptos (APT) price could be gearing up for another phase of explosive growth. This is largely due to the incredible surge in volume within the last few days.
Render joined Aptos as a top performer, gaining 6.3%.
With billions wiped off the crypto market over the past few days, decoupling from the general trend is setting Aptos (APT) apart. Today, Aptos is the most profitable of the top 50 digital currencies by market cap after soaring by 12.5% in the past 24 hours.
Aptos (APT) soared over 10% in the last 24 hours following Aptos Labs' acquisition of HashPallete. The token is leading the market after becoming the largest gainer among the top 100 cryptocurrencies by market capitalization.
AAVE, APT, and BEAM are the top performers from the largest 100 alts today.
Aptos price looks promising after the asset broke out of an extended consolidation zone. APT price today is 1.1% up, trading at $8.28, while the entire crypto market is down 5% due to Bitcoin price sliding below the $60,000 mark late on October 3.
Aptos (APT) has shown resilience during the recent market downturn by outperforming Solana (SOL) in terms of price appreciation. Aptos has shown decent resilience in recent market conditions.
Despite the fearful market sentiment of the past few days, the price did not fall below $7.57.
Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.
Aptos (APT), a core native cryptocurrency of the eponymous layer-1 blockchain, demonstrates impressive performance as the market declines. The upsurge of APT might be catalyzed by the decision of asset management giant Franklin Templeton to include the blockchain in one of its products.
Aptos's APT coin has experienced a resurgence in buying activity following Franklin Templeton's announcement of the expansion of its tokenized US Treasuries fund — the Franklin OnChain US Government Money Fund (FOBXX) — on the Layer-1 (L1) blockchain.
Cryptocurrency Prices: Today, the cryptocurrency market fell by 2.12%, reaching a total market capitalization of $2.11 trillion. This fall coincides with escalating geopolitical tensions between Israel, Iran, and Lebanon as well as NATO member states' involvement, which has caused a wider worldwide market collapse that has affected the cryptocurrency industry.
The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.
TL;DR Aptos Labs Acquires HashPalette: Aptos Labs has expanded into the Asian market by acquiring Japanese NFT service provider HashPalette Inc., aiming to integrate Japanese businesses into its blockchain ecosystem.
XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session. This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)'s move to appeal a court ruling in the Ripple case.
Layer-1 blockchain Aptos Labs has announced its acquisition of HashPalette, the developer behind Japan's leading blockchain, Palette Chain, in a move to strengthen its foothold in the Japanese cryptocurrency market. The announcement added that all applications on Palette Chain would migrate to the APT platform by early 2025.
Aptos Labs has taken a step towards transforming Japan's Web3 landscape by announcing its acquisition of HashPalette Inc., a key developer of the Palette blockchain. This move marks a significant expansion for Aptos Labs into the Japanese market.
The acquisition provides software developers in Japan with an exciting opportunity to explore Aptos' advanced resources and toolkits.
Aptos Labs acquires Japanese blockchain developer HashPalette, expanding its presence in Japan and securing a role as the blockchain provider for Expo 2025 in Osaka.
Aptos Labs' acquisition of HashPalette positions the company to integrate Japanese businesses into its blockchain ecosystem and expand Web3 innovation.
Layer 1 blockchain network Aptos announced its acquisition of Japanese blockchain developer HashPalette, marking a key expansion into Japan's blockchain market. Aptos Labs, the firm behind layer 1 blockchain Aptos Network, announced the acquisition of HashPalette Inc.
Wall Street heavyweight Franklin Templeton has announced on Wednesday that its Nasdaq-listed On-Chain U.S. Government Money Fund, FOBXX, is now live on the Aptos (APT) blockchain.
Franklin Templeton's move to tokenize funds on Aptos signifies a growing trend of traditional finance integrating with blockchain, enhancing asset interoperability. The post Franklin Templeton launches tokenized fund on Aptos appeared first on Crypto Briefing.
Franklin Templeton has put its blockchain U.S. treasury fund on yet another network, adding Aptos just weeks after expanding to Avalanche.
TL;DR Launch in Aptos: Franklin Templeton launches its OnChain US Government Money Fund (FOBXX) on the Aptos blockchain, represented by the BENJI token. Successful Subscriptions: The fund has reached more than $20 million in subscriptions, evidencing progress in the institutional adoption of blockchain.
Franklin Templeton, a leading investment manager with over $1.4 trillion in assets, has expanded its tokenized US treasuries fund—Franklin OnChain U.S. Government Money Fund (FOBXX)—to Aptos, a Layer-1 blockchain powered by the Move programming language. FOBXX is a regulated 1940 act fund that invests at least 99.
Franklin Templeton expanded to the Aptos chain, soon after adding Arbitrum and Avalanche. The BENJI token offers retail investment in tokenized low-risk bonds, available through a mobile app.
Franklin Templeton has expanded its digital investment strategy by launching its OnChain U.S. Government Money Market Fund (FOBXX) on the Aptos blockchain. This move may set the stage for an APT price rally due to increased token utility.
Franklin Templeton Money Market Fund was launched on the Aptos blockchain.
Franklin Templeton's $435 million fund is expanding its reach, now available on multiple blockchains like Avalanche, Arbitrum, Stellar, and Polygon.
FOBXX is represented by the BENJI token, with the fund previously launched on Stellar, Polygon, Arbitrum and Avalanche.
Franklin Templeton's FOBXX is the first money market fund to be launched on Aptos.
Aptos {{APT}}, the Layer 1 blockchain inspired by the discontinued Diem (formerly Libra) blockchain developed by Meta, has become the latest where Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) can be traded.
Global asset manager Franklin Templeton announced Wednesday that its blockchain-based government money fund is now live on Layer-1 blockchain Aptos.
Aptos (APT) has gained considerable attention in the cryptocurrency market, particularly following a notable surge that saw its price increase by 17.84% before entering a consolidation phase. Currently hovering around $7.77, APT has experienced mixed signals, prompting analysts to predict that it could soon cross the $10 threshold.
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