• Aptos sees positive TVL growth indicating growing investor confidence
• APT could lend itself to the bears in the short term according to multiple signs

The Aptos blockchain has benefitted from the latest bullish performance in more ways than one. The network’s total value locked (TVL) recently soared to its highest point in history.

Is your portfolio green? Check out the Aptos Profit Calculator

Aptos’ TVL peaked at $74.77 million during Thursday’s (26 October) trading session, marking the highest TVL value in its history. This was courtesy of the robust phase of TVL growth observed since the second week of October. This was around the same time that a surge in demand for Aptos’ native cryptocurrency APT was seen.

TVL growth signals that there is more confidence among investors. This is because it underscores a shift in favor of a long-term outlook. In this case, the latest surge in Aptos TVL aligns with the idea that the latest rally reflects the pivot from a short-term to a long-term focus.

APT is on track to conclude an overall bullish October

Aptos’s impressive run points to the possibility that we may see more liquidity coming into its ecosystem in the long term. APT’s price action has been heavily bullish in the second half of October.

Furthermore, APT rallied by as much as 43% within the last two weeks. It exchanged hands at $6.44 at the time of writing, which still represented a $35.7 upside since mid-October.

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Author: Michael Nderitu

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