Date: Thu, Oct 03, 2024, 06:55 AM GMT

Despite broader market challenges, including bearish pressure from ongoing geopolitical tensions, Aptos (APT) has shown resilience in the cryptocurrency market. While Bitcoin (BTC) hovers around the $61K mark, Aptos has demonstrated a notable price surge, climbing 3.60% in the past 24 hours.

Source: Coinmarketcap

Aptos partnered with Franklin Templeton:

This upward momentum follows a significant announcement: Aptos Foundation has partnered with global asset management giant Franklin Templeton as reported by Cointelegraph . The collaboration brings the Franklin OnChain US Government Money Fund (FOBXX) onto the Aptos blockchain, a major milestone for both parties.

Source: X

Aptos, powered by its unique Move programming language, is a layer-1 blockchain designed to handle transactions quickly and efficiently. Now, it will support the Treasury-backed Franklin fund, allowing for the integration of real-world assets on a non-Ethereum Virtual Machine (EVM) blockchain. The fund primarily invests in U.S. government securities, cash, and repurchase agreements backed by government assets.

Since its inception in October 2022, Aptos has processed over 1.7 billion transactions. According to DeFiLlama, the platform currently holds $547 million in total value locked (TVL), solidifying its growing presence in the decentralized finance (DeFi) space.

Technical Analysis:

At the time of writing, Aptos (APT) is trading at $8.24, following a retest of its breakout level at $7.27. With strong momentum, Aptos faces its next resistance level at $9.27, indicating a potential 12% upside. However, traders should remain cautious and keep an eye on Bitcoin (BTC), as its price movements could impact Aptos in the coming days.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.

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