Aptos joins list of top most tweeted about cryptocurrency project, here’s how

ambcrypto.com:

The social stats for the crypto market are out and Aptos has earned its way into the list of the top most talked-about projects on the crypto streets.

The network has been gradually climbing up the ranks and the extra visibility has certainly been useful.

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The ranking which was conducted by Streamr, a web3 data sharing platform ranked Aptos as the 9th most tweeted crypto project. This was based on an analysis that looked at millions of tweets.

Reportedly, Aptos is rubbing shoulders with other major crypto networks including Bitcoin, BNB chain, and Ethereum which were at the highest ranking, respectively.

So why has Aptos received so much attention this month? Well, the first major reason is that the project was founded by Meta’s former developers.

But most of this attention was largely fueled by the network’s aggressive push into the entertainment industry. This includes its push into the movies and gaming segments.

Aptos has grown quite aggressively since the start of this year. The first key area of growth was its market cap which was as low as $448.64 million at the start of January. APT has since added roughly $1.5 billion to its market cap.

Source: Santiment

Aptos’ native cryptocurrency APT’s performance reflects the market cap situation perfectly. APT’s price delivered an impressive bounce back in Q1 2023 and has retained most of those gains despite market headwinds.

Its $11.04 press time price represented a 258% upside from its December 2022 lows.

Source: TradingView

A key takeaway from APT’s price action especially between February and March is that the selling pressure has been limited.

This is likely because most investors who bought in January are still holding