Aptos (APT/USD), the native token of the layer 1 blockchain Aptos network has attracted a lot of attention after registering a price surge of about 380% in the past month.
While a majority of traders make a kill out of the rising APT prices, others are grinding their teeth. More than $6 million have, for example, been liquidated today and the APT bull rally is expected to lose the momentum it exuded in January. However, the continued upgrading of the network could put the token on a long bullish rally, especially if the macroeconomics were to remain positive for the crypto industry in 2023.
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Aptos Network welcomes new features
The Aptos developers are tirelessly working on improving the network’s infrastructure to accommodate more crypto and NFT holders.
Aptos has hundreds of developers distributed around the world and they are constantly developing upgrades for the network to meet the demands of the decentralized applications. The most recent upgrade is the v1.2.4 upgrade that was released on Wednesday.
The new upgrade, which is an Aptos node upgrade, aims to bring new features and enhancements for developers and users. Some of the things the upgrade did was to reduce timeouts for nodes in low-bandwidth environments.
The frequent updates, which are expected to go on, are aimed at making Aptos Network a leader in the NFT space, something which will also possibly trigger a major bullish rally for the APT token.
Source: https://invezz.com/news/2023/02/02/apt-sees-massive-price-surge-as-aptos-network-announces-new-features/