Aptos price looks promising after the asset broke out of an extended consolidation zone. APT price today is 1.1% up, trading at $8.28, while the entire crypto market is down 5% due to Bitcoin price sliding below the $60,000 mark late on October 3. Onchain metrics suggest that APT price is headed for higher highs as derivative traders turn overwhelmingly bullish on the asset. Is $20 the next stop for Aptos?
Will Soaring Network Activity Push Aptos Price Growth?
Aptos network has been gaining traction lately, with several key metrics reaching new highs. According to data from Aptos Scan, Aptos has achieved a monthly high in network speeds as user transactions per second (TPS) soared to 1,051 on October 3.
This indicates that transactions are being processed quicker and more efficiently on the network, which is crucial for maintaining user satisfaction and attracting new investors in the network. Growing network speed is a bullish signal for Aptos price.
Further, the number of daily ac
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