What caused the sharp jump in the price of Apricot Finance?

What caused the sharp jump in the price of Apricot Finance?

user avatar

by dapp_writer005

4 years ago


Analysts recorded a price increase of Apricot Finance (APT) by 70% in 24 hours. At the same time, the team did not give any statements and news, which would lead to user activity. This behavior is attributed to the fact that the virtual coin has the same designation (ticker) as the new Aptos project.

Against this background, the value of Apricot Finance (APT) rose to $0.0068, while trading volumes amounted to $2.28 million. This is 3084% higher than the figures for the previous day.

Traders simply mixed up the projects due to the same token designations. As a result, the Apricot Finance exchange received active support. The value of TVL in Apricot Finance did not change and remained at the level of $5 million.

Experts noted that one should not give in to the current hype, because the Apricot cryptocurrency will begin to fall rapidly in the near future.

The Aptos listing is scheduled for October 19th. The new virtual coin will appear on the world's largest exchange Binance, as well as on such well-known trading platforms as Coinbase, Huobi Global, OKX and others.

Earlier, the growth of the MDX token by 145% was noted, which is associated with the launch of the perpetual trading service for crypto derivatives.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other articles

STEPN GO Season 2 — Teams, NFT Sneakers, Energy, GGT and GMT Explained

chest

Explore STEPN GO Season 2, including Marathon Challenge, teams, Energy, NFT Sneakers, Season Pass, GGT and GMT tokens, rewards, gameplay and move-to-earn economy.

user avatarElena Ryabokon

Domi Online MMO — Web3 Economy, Classes, PvP and DOMI Token Explained

chest

Explore Domi Online, a blockchain MMORPG with a fantasy world, classes, PvE and PvP, NFTs, DOMI token, staking, player-driven economy and Web3 mechanics.

user avatarElena Ryabokon

Qivalis Explained — How Europe’s Bank-Backed Euro Stablecoin Works

chest

Explore Qivalis, the euro stablecoin project backed by European banks, including ING and UniCredit, its 1:1 reserve model, MiCA regulation, DNB oversight and use cases.

user avatarElena Ryabokon

USD0++ by Usual Protocol — How bUSD0, Redemption and DeFi Yield Work

chest

Explore Usual Protocol USD0++ and bUSD0, including RWA backing, USUAL rewards, redemption mechanics, rt-bUSD0, yield model and DeFi integrations.

user avatarElena Ryabokon

Improbable Games Hub and Somnia UGC — Blockchain Games and Virtual World Infrastructure

chest

A detailed overview of Improbable Games Hub and Somnia UGC, covering Web3 gaming, on-chain worlds, user-generated content, MSquared, NFTs and Somnia blockchain infrastructure.

user avatarElena Ryabokon

Ethena sUSDe Explained: USDe Yield, Delta Hedging and DeFi Mechanics

chest

Explore Ethena sUSDe, how USDe staking generates yield, the role of delta hedging and funding rates, Reserve Fund mechanics, and the key risks of the protocol.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.