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Market Cap: $ 3 787 132 962 593 / 24h Vol: $ 200 392 171 953 / BTC Dominance: 58.653467328398%

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Aptos [APT] diversifies into NFTs and music: How did its price react

The Aptos [APT] network is tapping into the latest hype around its platform to pursue more growth opportunities. Two of its latest announcements reveal that the network is eyeing growth opportunities in the music industry as well as pushing deeper into the NFT market.

Is your portfolio green? Check out the Aptos Profit Calculator

Aptos recently affirmed its plans to play an active role in the music industry and potentially even revolutionize it. The network aims to achieve this by bringing WEB3 benefits to the music industry through KYD apps.

This is what Web3 consumer adoption looks like! 👀@KYDLabs is turning music-lovers into new Web3 consumers with seamlessly integrated onboarding: buying tickets and RSVPing for shows by their favorite artists.

🙌 Another Aptos win, where culture meets innovation. pic.twitter.com/SwuDvbQAGd

— Aptos (@Aptos_Network) March 24, 2023

Aptos is likely going to leverage its NFT capabilities as part of its plans for the music industry. The network also conveniently launched OrderDAO, its new community governance protocol for NFT projects. The protocol will make it easier for projects to make efficient decentralized decisions regarding their future.

Community governance for NFT projects on Aptos is here.

OrderDAO is officially live, offering a no-code solution to empower communities to influence the future direction of their project.

Check it out! 👇 https://t.co/y5k6Y56313

— Aptos (@Aptos_Network) March 23, 2023

Aptos’ native cryptocurrency APT struggled to find directional performance this week after its rally last week. This suggests that the bulls ran out of momentum. Meanwhile, the bears have been pushing to take over. APT tanked by 6.8% to its $12.20 press time price.

APT price action

Source: TradingView

There are other reasons for investors to expect sell pressure to prevail. For example, APT’s RSI attempted to push below the 50% level. The price also encountered resistance above the $13.7 price range and it has been struggling to rally above its 50-day moving average.

Numerous Aptos metrics show a higher potential for a pivot. For example, APT’s price volatility has been declining and is currently at a weekly low. In addition, the price experienced a sizable drop in volume between 23 – 24 March, confirmation that the bulls were losing strength.

Aptos APT volume and volatility

Source: Santiment

APT’s weighted sentiment dropped slightly in the last 24 hours at press time, confirming that some investors were losing faith in the bulls. However, its press time level was notably higher than its weekly low on 20 March.

Aptos social dominance and weighted sentiment

Source: Santiment

How many are 1,10,100 APTs worth today?

Aptos’ social dominance metric had its highest weekly spike in the last 24 hours. This was an important observation, as it may indicate that APT investors were aware of the bulls’ sluggishness.

They may thus act in accordance with the current observations, potentially contributing to more sell pressure. Of course, this will depend on the overall market direction, which may regain its upside unexpectedly.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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