Aptos was rated above Polkadot in daily development activity. The APT price could face further decline as the ADX remained weak. Aptos [APT], the project built with the aim of processing 150000 transactions per second, ranked first in terms of daily development activity on 19 February. According to ProofofGitHub, the milestone meant that Aptos shifted […]
Although it was a close call between APT and DOT, the minimal difference showed that Aptos’ domination over others has been unwavering. But what has been the driving force behind the shoot?. According to Santiment, the development activity contributors count has hit peaks over the last few days. As of 18 February, the metric hit as high as 20.87.
And, this has occurred despite Aptos not announcing any noteworthy upgrade. In addition, the Aptos on-chain volume had increased to 534.84 million at press time. The volume describes the aggregate amount of tokens that pass through the network on a daily basis. Thus, the spike implied that a lot of tokens had exchanged wallets via the Aptos network within the last 24 hours.Despite increases in the aspects mentioned above, there was some stagnancy with APT that could not be overlooked. For context, theThe weighted sentiment gauges how well the vast majority of messages on social networks performed.
But the Average Directional Index was at 12.35. The ADX describes the directional strength, and a value of 25 and above signifies a strong one. Since the ADX value was low, it inferred that there was no stone support for either the bulls or bears.Subscribe to get it daily in your inbox.
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Polkdot [DOT]: Bulls focused on $8 – Is it even attainable?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion DOT was strongly bullish on the daily price charts at the time of writing. DOT’s Funding Rate was positive, and sentiment improved. Polkadot [DOT] bulls were upbeat about the $8 value after overcoming a […]
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