According to the blog post, five projects were chosen by the partnered organizations as they saw their "significant potential to contribute to the Web3 ecosystem.” The program will fund these using their accrued $10 million investment from Aptos and OKX. Momentum Peters Out At $8.24 Although the token has moved quickly following the flip in investor sentiment, APT’s attempt to break through the $8.24 resistance level has failed leading to the token attempting to stabilize above $7.76. The previous price movement of APT led to the exhaustion of the bulls, leading to quite a bearish undertone on the otherwise great gains made in the past couple of days.
The relative strength index (RSI) hints at a possible reversal in the momentum of the token, leading to a return to the $7.27 in the short to medium term. Related Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts However, the token’s high correlation with Bitcoin and, by extension, the entire market will prove to be beneficial for the bulls in the coming days.
The highest point reached an active user on the platform was 450k, while average daily accounts exceeded 190k, and that increased the figures by 12% as compared to last July.— Aptos Nerd | Everstake (@apt_everstake) September 21, 2024 Aptos also boasted a high throughput, with a peak of 360 million transactions in one day and a transaction-per-second of 12,000. On-chain activity with the likes of Aptos attracts partners and retail investors alike.
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