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APT started a strong rally after the announcement of a partnership between the technology giant Microsoft and Aptos Labs to work on blockchain-based artificial intelligence tools, but it started to decline again after BTC fell below $30,000, dropping to $7.3.
Double-Digit Value Increase Within Hours
APT gained strong momentum yesterday after the announcement of a partnership between the technology giant Microsoft and Aptos Labs to work on blockchain-based artificial intelligence tools. APT recorded double-digit value increases within hours, reaching $7.85 and approaching $8 significantly.
With these value increases, APT stood out among the prominent cryptocurrencies in the market yesterday. Following the increases, APT’s market value exceeded $1.72 billion.
However, with the cryptocurrency market showing a downward trend since this morning and BTC falling below the $30,000 levels, APT also started to decline again. Aptos (APT) dropped to $7.3 levels along with the value losses after surpassing the $7.85 level.
Will the Rallies Continue?
Analyzing the current situation in Aptos (APT) after the Microsoft partnership, the crypto analysis platform shared updated data and highlighted critical metrics. According to the data shared by Santiment, Aptos (APT) quickly climbed the trends and experienced a significant increase in social volumes after the Microsoft partnership.
The crypto analysis platform Santiment suggests that the increasing social volumes and rising popularity within the crypto ecosystem may indicate the possibility of continued rallies, although Aptos (APT) experienced a significant drop in trading volumes within a short period of time. APT’s 24-hour total trading volume dropped to $435 million, a decrease of over 20%.
