US Consumer Price Index (CPI) Aftermath Causes Aptos (APT) Price Decline, Fantom (FTM) Increases Among Whale Sell-Off, Analysts Predict TMS Network (TMSN) To Be The Next Generation Trading Technology
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Aptos (APT) is a layer-1 blockchain, heavily backed by Venture Capitalists. Aptos (APT) claims to be a secure, scalable and upgradable blockchain technology, developed by more than 350 programmers.
Aptos (APT) strives to be a foundational block to Web 3.0 developments of the future. Aptos (APT) gained popularity because it has been developed by the makers of the Diem blockchain, an initiative of Meta (formerly Facebook).
After the US Consumer Price Index (CPI) data was released early this week, Aptos (APT) price started a downward trend. The CPI revealed that the inflation rate is not slowing down, in turn posing a threat to risky assets.
As soon as the CPI was released, prices for risky assets dropped, with bitcoin (BTC) falling from $22,700 to $21,000.
Ethereum's Ether dropped from $1,760 to $1,594. Aptos (APT) followed suit. The current price of Aptos (APT) is $14.48. Aptos (APT) is 27.22% below its all time high of $19.90.
Fantom (FTM) is an open-source, smart contract platform. Fantom (FTM) is used for the creation of digital assets and decentralized applications (dApps).
Fantom (FTM) boats of quick transaction turnarounds, where thousands of transactions can be processed per second.
Recent data from crypto analytics service provider, Santiment, highlighted the ongoing, steady dumping of Fantom (FTM) tokens by major whale addresses since the start of 2023.
The analytics service provider further stated that Fantom addresses holding 10,000 to 100 million FTM units dropped $259.7 million worth of coins in the last four weeks.
Micro addresses, holding between 0.01 and 1 tokens, have taken this opportunity to buy
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