Yesterday, Microsoft, the tech giant behind Windows and Azure, announced a strategic partnership with Aptos Labs.
In the statement, it was stated that Microsoft and Aptos will work together to create new solutions that combine artificial intelligence (AI) and blockchain technologies to expand the use of Web3 and enable new innovations in the decentralized space.
A big jump in the price of Aptos (APT) was seen after this partnership announcement.
APT, which experienced an increase of up to 20% after the news, threw a needle at 8 dollars. However, APT, which has experienced some pullback, is at $ 7.28 at the time of writing.
Santiment evaluated this rise of Aptos and stated that after the Microsoft partnership, investors showed FOMO.
Stating that the investors calmed down after that and this was reflected as a decrease in the price, Santiment stated that there are signs that Aptos may rise again.
“Aptos stood out from the market yesterday after announcing its partnership with Microsoft to create new solutions that combine artificial intelligence (AI) and blockchain technologies.
The cryptocurrency community showed major FOMO but then calmed down.
However, increasing volume and huge activity in APTOS could herald another price high. “
📈🧑💻 #Aptos has decoupled after its partnership with #Microsoft was announced to build A.I. tools for #blockchain integrations. The crowd showed major #FOMO, but has calmed down. However, rising volume & dev. activity may foreshadow another higher high. https://t.co/vFgMZQo7Io pic.twitter.com/Ub2MGu0QFC
— Santiment (@santimentfeed) August 10, 2023
In the meantime, while the price of Aptos is rising with Microsoft partnership, there is very little time left for the unlocking of Aptos.
Accordingly, just over 2% of the APT supply, $33 million worth of Aptos will be unlocked on August 12, 2023 at 05:30 UTC.
Unlocks increase the circulating supply of the token in the market, and if holders choose to sell and demand can't catch up, it tends to be bearish, causing the price to drop rapidly.
*Not investment advice.
