APT’s price has climbed following Franklin Templeton’s announcement of expanding its FOBXX fund on the Aptos blockchain, which has significantly boosted bullish sentiment. The increase in open interest and positive funding rates reflect growing trader confidence in APT’s price potential.
APT is poised to reach $12.48, supported by bullish momentum, but profit-taking could lead to a pullback to $6.02. On Wednesday, Franklin Templeton, a leading investment firm managing over $1.4 trillion in assets, revealed the launch of FOBXX on Aptos. This news drove APT to an intraday high of $8.33, and although some of the gains have been trimmed, the coin still reflects a 1% increase in the past 24 hours, trading at $8.17.
Additionally, APT’s open interest has surged by 16%, indicating strong market activity and an increasing number of outstanding futures and options contracts that have yet to be settled. This suggests that traders are positioning themselves for further price action.
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