• APT’s price increased by an astounding 101 percent in a single week.
• Aptos is a blockchain tech that relies on a custom programming language called Move.

With the decentralized exchange (DEX) PancakeSwap’s decision to continue its multichain deployment on the Aptos blockchain, the price of Aptos (APT), a Layer 1 proof-of-stake (PoS) blockchain, has increased.

According to CoinMarketCap, APT was trading for $7.45, up 7% from the previous day. In the meanwhile, APT’s price increased by an astounding 101 percent in a single week. The majority of participants (97%, to be exact) on PancakeSwap approved of the firm pushing through with the deployment.

Growing Demand For APT Coins

When Aptos Labs (the firm behind APT) needed to raise money in July 2022, it turned to the FTX cryptocurrency exchange, which filed for bankruptcy on 11 November 2022. The exchange helped raise $150 million. Furthermore, Aptos Labs said at the time that it would utilize the chance to “build the reliable foundation Web 3.0 has been waiting for.”

Mo Shaikh and Avery Ching, formerly of Meta, launched Aptos Labs in 2021 after working together on the doomed cryptocurrency initiative Diem. 

Aptos is a blockchain tech that relies on a custom programming language called Move. Many see Aptos as a viable substitute for Ethereum and similar digital currencies. Moreover, about three months ago, Aptos reached its all-time high value.

An important factor that is contributing to the growth of the Aptos token is the growing demand for APT coins, as well as the rising practicality of blockchain architecture. Aptos has already garnered significant recognition despite the fact that it is still in its infancy as a blockchain protocol. This popularity is due to the fact that Aptos has an increasing number of valuable integrations and features.

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