.Aptos_Network price seeing bullish trend as the market yearns for recovery
APT/USD 1D Chart, Source:
Sentiment on the market was dampened earlier in the month when the United States Securities and Exchange Commission named some tokens, such as Cardano , Solana and Filecoin , as securities.SOL and ADA, the impact has been encompassing and broad-based over the past week. Trailing the market plunge, Aptos has lost as much as 28% of its price valuation over the past week, shedding as much as the tokens that were indicted by the regulator.
The current classification of the top altcoins has stirred a lot of uncertainty in the Aptos community, with users seeking clarity on whether or not the SEC will label APT as a security in the future. The industry did not take much notice of the ongoing Ripple v. SEC lawsuit in the early stages; however, recent moves from the SEC have pushed leaders in the ecosystem to call for unity in the fight against the market regulator.With the broad uncertainty in the industry as a whole, Aptos investors have focused on the protocol's deeper fundamentals to draw positivity.
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