APT token rate soars by 10 000% after the opening of trading on Binance
The price of the asset paired with the USDT stablecoin rose from $1 to $100 in the first minutes after the listing
19.10.2022 - 08:15
447
2 min
0
What’s new? The price of the token of the Aptos (APT) blockchain platform has jumped by 10 000% immediately after trading opened on the Binance crypto exchange. Paired with the Tether (USDT) stablecoin, the value of the asset increased from $1 to $100, but dropped to the $7-8 level shortly afterward. As of October 19, 08:30 UTC, APT is trading at $7,59. Aptos mainnet was launched on October 18.
What is known about the project? In 2019, Meta began working on its own blockchain project, Diem (formerly Libra). As a result of pressure from government regulators, the company decided to sell the project in February 2022.
However, the team of former Diem developers used old practices to create the Aptos network. The team claims that the network processes 130 000 transactions per second, compared to 30 transactions per second on Ethereum.
In March and July, Aptos raised a total of $350 million from major venture capital funds: FTX Ventures, Jump Crypto, Griffin Gaming Partners, Circle Ventures, a16z, Tiger Global, and Multicoin Capital. As one of the investors, the FTX crypto exchange already announced the listing of APT.
In September, the Luna Classic (LUNC) token rose in price by 50%. This came after Binance announced the burning of all LUNC coins received as transaction fees. Starting from October 3, the burning of coins takes place every Monday at 00:00 UTC.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 747
BTC
+1.27%
-
Ethereum
$3 367.42
ETH
+7.68%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+23.98%
-
Dogecoin
$0.390076
DOGE
+2.03%
-
Cardano
$0.860727
ADA
+11.11%
-
Bitcoin Cash
$489.16
BCH
-5.12%
-
Polkadot
$6.08
DOT
+8.28%
-
Stellar XLM
$0.282605
XLM
+16.24%
-
Litecoin
$90.78
LTC
+1.49%