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On Jan. 26, 2023, the cryptocurrency property aptos (APT) reached an all-time high and after that lost 20% of its worth over the next 5 days. In the previous 24 hr, it also shed 8.3% versus the U.S. dollar. Despite the decrease from its all-time high, APT is still up 349% compared to last month’s currency exchange rate.

Aptos Hits $20 Ceiling, Slides 20% Lower From All-Time High

Aptos, a layer one (L1) blockchain developed by 2 designers from the previous Diem cryptocurrency task at Meta, saw considerable development versus the U.S. dollar last month. Six days earlier, it reached an all-time high of $19.92 per system. However, in the previous 24 hr, APT has actually lost 8.3% in worth and traded in between $15.89 and $17.48 per coin.

Despite this decline, Aptos was among the top-performing cryptocurrencies in January 2023 and has actually increased more than 400% since its all-time low on Dec. 29, 2022. Out of the countless cryptocurrencies in the market, worth an overall of $1 trillion since Feb. 1, 2023, APT is ranked 28th in regards to market capitalization.

Currently, the flowing supply of 161,361,143 APT is valued at $2.55 billion in USD. The international trade volume for APT was $423.74 million in the previous 24 hr. Of that volume, 57.32% was exchanged for Tether (USDT) and 18.15% was traded for the Korean won (KRW), making the Korean won APT’s biggest fiat currency set, exceeding the portions exchanged for the euro or the U.S. dollar.

About 1.46% of all APT trades today are exchanged versus the Turkish lira. In the decentralized financing (defi) area, APT has $61.24 million overall worth locked (TVL) in defi on Feb. 1, 2023. On Wednesday, Pancakeswap controlled the APT worth secured defi with 59.76%. The Aptos group and neighborhood members are on the “Aptos World Tour,” just recently completing a drop in Korea.

“When thinking about where to have our very first hackathon, there was no doubt that Seoul was our leading option,” Mohammad Shaikh, the co-founder and CEO of Aptos Labs said at the occasion. According to statistics, the biggest wallet, managed by the Aptos Foundation, holds 52.53 million APT, or 5.162% of the overall supply. The leading 5 APT wallets, consisting of the biggest address held by the Aptos Foundation, hold 11.22% of the supply amongst 3,101,008 distinct addresses.

What are your ideas on the present state of APT in the cryptocurrency market? Do you believe it has the prospective to get better or will it continue to decrease? Let us understand your ideas in the comments area below.

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