- Despite a 10% rise over the past week, cryptocurrency Aptos witnessed a 3.91% drop in price within a 24-hour period.
- The trading volume for Aptos has increased by 3.0% over the past week, alongside a 0.93% increase in the overall circulating supply, making its current market cap rank #37 at $1.54 billion.
In a contrast to its week-long upward trajectory, the cryptocurrency Aptos registered a 3.91% dip in its price to $7.35 in the last 24 hours. This recent price fluctuation counters the 10% surge the digital asset enjoyed over the previous week, escalating from $6.76 to its current standing.
The following illustration depicts the comparative analysis of Aptos’s price progression and volatility over the past day (on the left) and the past week (on the right). The Bollinger Bands, delineated by the gray bands, represent the volatility associated with both daily and weekly price shifts. The bands’ width or the extent of the gray area at any given instant signifies the degree of volatility.
In synchrony with its fluctuating price trend, the trading volume for Aptos observed a 3.0% uptick over the preceding week. Concurrently, the overall circulating supply of this coin has seen a marginal rise of 0.93%, amounting to over 208.05 million. These shifts have had their impact on the coin’s market cap ranking, currently positioned at #37, boasting a valuation of $1.54 billion.
This 24-hour downturn seems to stand at odds with the general positive trend Aptos had been riding on over the past week. However, as is the case with all cryptocurrencies, price movements are influenced by a complex interplay of market dynamics. With the demonstrated resilience over the week and current indications of increased trading volume, it’s clear that Aptos still remains a significant player in the bustling cryptosphere.
The market, investors, and spectators alike would be closely observing the subsequent developments with this digital asset, anticipating its next move on the chessboard of cryptocurrencies.