Aptos Token Price Doubles in Two Weeks Amid Strong NFT Interest

NFT markets on Aptos are seeing growth among Crypto Twitter community users.

What bear market? Layer 1 blockchain Aptos’ APT tokens is up 250% in just 14 days even as the broader crypto market grapples with bankruptcies, lawsuits and a decline in overall sentiment. The tokens command a market capitalization of over $2.3 billion on Monday, making Aptos the 30th-most valued network based on current token supply, and have a fully diluted valuation of $14 billion based on their total supply.

Prices trade just shy of $14 on Monday, up from last week’s $7 and over 300% from November’s $3 lows, per CoinDesk data. The move was primarily led by spot tokens, as APT futures markets remained relatively muted.

NFT markets on Aptos appear to have contributed to that growth. Data from Aptos NFT marketplace Topaz show collections such as Aptomingos – a set of comic flamingos – and Aptos Monkeys attracted tens of thousands in trading volume in the past 24 hours, with the minimum prices of several NFT projects rising in the past week. Some popular traders on Crypto Twitter expect interest in Aptos NFTs to surge in the coming days. Flipping NFTs – a term for quick buying and selling of an asset – built on the network have steadily become trendy among opportunistic traders, several tweets by various community members suggest.