Our expert Andy Graf is as baffled as you are…
New chain on the block, Aptos, has enjoyed a stunning start to the year with its APT token rising by around 400% in January, making it suddenly the 5th largest by market cap.
So what is Aptos? And why has it rapidly taken off? We asked Planet Crypto’s market analyst, Andy Graf, to give us the lowdown.
“So, Aptos is… well, it’s basically, er… you can think of it as… I don’t know what it is. I just saw that it was shooting up so I used that tried and tested crypto maxim, ‘Buy first, ask questions later.’ Hey, do you want to see my new sportscar?“
We’d heard Aptos may be involved with NFTs. So, undeterred, we asked our NFT Correspondent, Max Price, to share what he knew.
“As its name suggests, Aptos is a kind of…well it’s a thingummy that solves the problem of, you know, doo-dahs and whatnots. Yeah, I don’t know what it’s for. All I know is that I bought some and last week I couldn’t afford a new boat, whereas this week I can. I think that’s the main take away.”
Still undeterred, we reached out to Aptos’ co-founder Mo Shaikh who thankfully gave us a definitive answer.
“I’ve no idea what Aptos does. I just know that that fact is working really well for us at the moment so I’m not going to spoilt it. Now if you’ll excuse me, my new helicopter has arrived.”