Aptos rose 12% as staking activity increased and TVL reached $920 million.
Strong staking demand and DeFi growth fueled the bullish momentum for APT.
Investors anticipate further gains, targeting resistance levels at $15 and potentially $19.
Aptos (APT) recently gained 12% following a spike in staking activity on MEXC Exchange. Strong staking demand, along with record-breaking Total Value Locked (TVL), has fueled bullish momentum. With prices on the rise, all eyes are on Aptos to see where the trend will lead next.
Staking Surge Powers Aptos Rally
The latest price surge in Aptos started with rising staking activity on MEXC. Staking allows traders to lock up tokens and earn rewards, which reduces the circulating supply. As a result, prices have risen.
https://twitter.com/MEXC_Official/status/1848274272256675972
MEXC offered up to 20% APR and a $1.5 million reward pool to those who staked APT for 30 days. This incentive attracted many investors, creating upward pressure on the price. Aptos rebounded quickly from a recent low of $9.61.
The broader crypto market slipped 3.3%, yet Aptos defied the trend. Strong demand and optimism around its DeFi growth helped push prices higher. Traders are now eyeing the next resistance level at $15, with potential targets extending to $19 based on technical patterns.
DeFi Growth and Investor Optimism
Aptos’ decentralized finance sector has been flourishing. Total Value Locked recently hit an all-time high of $920 million. This surge shows increased adoption, as more users engage with the blockchain. The rise in TVL signals a healthy, expanding network and has boosted investor confidence.
On top of that, new technology has improved the network. The integration of Chainlink Data Feeds and the launch of the Shoal++ consensus protocol enhanced performance and reliability. Social sentiment has also spiked, with Santiment reporting a 127% increase.
The broader market has been reviving, too. Bitcoin recently hit $69,000 for the first time in three months. Many investors have redirected profits into altcoins, including Aptos. This shift has contributed to the upward price movement, offering hope for a continued rally.
Reaching $19 seems possible if these positive trends persist. With rising TVL, advanced technology, and strong staking interest, Aptos appears ready for further gains. Investors are watching closely, eager to see how far this digital asset can climb.
The post Aptos Climbs 12% as Total Value Locked Hits $920M Milestone appeared first on Crypto News Land.
