Post Unlock Token Aptos (APT) Price Remains Strong

Bittime - When the majority of crypto assets experienced a decline, Aptos (APT) actually sparkled with a positive trend that caught the attention of investors. The Aptos blockchain, which adopts a proof-of-stake (PoS) mechanism and is known for its high scalability, has released tokens in the APT unlock token mechanism worth more than $334 million (approximately Rp5.25 trillion) on March 13. Although the launch of new tokens is usually followed by price adjustments, APT managed to maintain an impressive uptrend.

What is an Unlock Token?

"Token unlock" in the crypto world refers to the process by which tokens that were previously frozen or held become available for trading or use. This often happens according to the schedule set out in the whitepaper or project agreement. When a new crypto project is launched, its tokens may remain frozen for a certain period of time. After the period ends, the tokens can be sold or transferred by the holder.

This token unlock process can increase market volatility as it allows token holders, such as project developers or early investors, to sell or transfer their tokens. This could create selling pressure if token holders decide to sell them on the market.

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Aptos Partnership

Aptos Labs, the developer behind APT, recently announced a partnership with Supervillain Labs to create new game worlds: Idle RPG and Project ARK, which were introduced at the Game Developers Conference (GDC) 2024. As a competitor to Ethereum, Aptos offers more affordable transaction fees, promising efficiency for its users.

Despite experiencing a price drop after the token launch at the end of last year, Aptos showed a significant price recovery. The increase in the price of Bitcoin at the beginning of the year and the rotation of profits that followed helped increase the value of APT.

The latest data shows that APT has unlocked tokens worth more than $330 million (around Rp5.19 trillion) on March 13, which is more than 6% of the total circulating supply. The collaboration with Supervillain Labs and the launch of the Idle RPG game demo in February, as well as teasers for the Idle RPG and Project ARK projects on March 15, are important milestones for Aptos Labs. With the game running on the Aptos blockchain, this launch became an important catalyst for the value of the APT token.

APT Price

At the time of writing, on 20/03/2024, the price of Aptos (APT) is trading at 239,950 per coin with an increase of 4.24% in the last 24 hours. This layer 1 token experienced a significant increase after the unlock of the APT token some time ago.

Source: Bittime

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Recent Aptos Developments

On March 19, Aptos also announced a Web3 gaming experience that will be presented at the 2024 Game Developers Conference. This indicates a positive development in the Aptos ecosystem.

Amid the massive sell-off fueled by Bitcoin, the APT price showed remarkable resilience on Tuesday, with an uptrend that has lasted for several months and reached this year's peak at $15.81 (approximately Rp248,785) on Sunday.

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How to Buy Aptos (APT) on Bittime

You can buy and sell Aptos (APT) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Aptos (APT) is available on Bittime with the market pair APT/IDR. To be able to buy APT IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Aptos (APT) on Bittime.

Monitor the price chart movements of Aptos (APT), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

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Aptos (APT) Price Prediction 2024 to 2033, How Much Does APT Break Next Year?

Aptos Collaborates with Ondo Finance: Forges Strategic Efforts in RWA Tokenization

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.