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Cryptocurrency News Articles
Aptos (APT) Token Price Jumps as Former Blackpink Member Rose Releases New Song Titled “APT”
Oct 23, 2024 at 03:00 pm
The Aptos (APT) token price has jumped a movement mostly related to the enthusiasm around a new song release.
The price of the Aptos (APT) token is rallying in a largely enthusiastic move over a new song release. Former member of the group Blackpink, Rose, collaborated with Bruno Mars on a song titled “APT,” which has garnered attention from both the Aptos blockchain community and fans alike.
This unique tie-in between the entertainment industry and the crypto space has generated a buzz that is notably contributing to the token’s rallying market performance, pushing Aptos past Move language rival SUI to rank 19th in terms of market cap.
Aptos Ecosystem Boasts Technological Advancements And Cultural Integrations
This rally is notably fueled as much by the underlying strength of the Aptos ecosystem as it is by the buzz surrounding the song. Since its launch, the Aptos blockchain — which leverages the innovative Move programming language — has been quietly expanding its footprint.
As we previously covered, clocked at up to 160,000 transactions per second (TPS), Aptos has been positioning itself as a highly scalable and secure Layer-1 blockchain. These technological strengths have set it apart from other blockchain projects, especially as they achieve security without sacrificing performance through decentralization.
Furthermore, the total Value Locked (TVL) on the Aptos chain currently stands at around $1.634 billion, highlighting its strength in decentralized finance (DeFi).
The new song release notably adds to both its technological innovations and community engagement, bolstering an already thriving Aptos ecosystem. In particular, the collaboration between Rose and Bruno Mars also marks a unique juncture of pop culture and cryptocurrency — a rarity within the blockchain industry.
This dynamic has certainly helped APT integrate itself into the mainstream in a way that is rapidly garnering attention beyond the usual crypto headlines.
Aptos Continues To See Strength On Multiple Fronts
In other aspects of its performance, Aptos (APT) also keeps seeing strength. Recent data shows that the Aptos NFT ecosystem is expanding quickly, with 3,900 collections and over 2.3 million total NFT sales to date, CNF reports.
Over the past 30 days alone, 404 new collections were added, while sales volume amounted to $170,000, highlighting the increasing interest and activity among the Aptos community, which in turn is supporting the rising APT token trend.
At the time of writing, Aptos (APT) is trading at around $10.45, showing a 7.1% increase over the last 24 hours.
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