CoinBasics Newsletter #9 : 🔥 APTOS EXPLODES by 400% in 30 days! 🚀

Yo, crypto fam!

Welcome to the latest edition of Coinbasics, your go-to source for all things crypto.

Let's start off with the big news of the month: Aptos. This bad boy has been on fire, skyrocketing by over 400% in the past 30 days and becoming one of the market's top performers. But what's the reason behind this massive surge?

1. The entire market rallied.

Source: CoinGecko

With the total market cap up by $250 billion in the past 30 days, it's clear that investors are feeling more bullish on crypto. Some attribute this to slowing inflation in the US, while others point to renewed interest in risk-on assets. Whatever the reason, Aptos was one of the big winners.

2. PancakeSwap and Aptos.

source: DeFiLlama

The Aptos team has been pushing hard to build within the Aptos ecosystem, and it's paying off. A new proposal called Confirmation Proposal for Aptos Multichain Farm Emission would further cement the team's intentions to "build upon the initial deployment." This has led to a renewed interest in Aptos and its native token, APT.

3. Aptos NFT sales through the roof.

source : tracemover

The demand for non-fungible tokens built on Aptos is through the roof. Popular marketplaces like Topaz are seeing triple and quadruple increases in volumes for multiple NFT collections. This is further fueling the surge in APT's price.

But Aptos isn't the only project making waves in the crypto world, we have to talk about Solana.

The State Of SOLANA :

The high-speed blockchain protocol, has also seen a surge in activity and adoption. With a growing ecosystem of decentralized applications and the ability to process over 65,000 transactions per second, Solana has become a go-to choice for many projects looking to scale their operations.

The Solana ecosystem has been growing rapidly after the FTX Crash, with more and more projects choosing to build on Solana's fast and efficient blockchain. The total value locked in Solana-based protocols has surpassed $3 billion, and the Solana token (SOL) has seen a significant increase in price. With many new projects and integrations in the pipeline, the future looks bright for Solana.

But not all crypto news is good news. Unfortunately,

Robinhood Hacked, Scam Token Promoted!

Robinhood's Twitter account was hacked and used to promote a scam token. The unknown hacker used Robinhood's official account to promote $RBH, a fake token allegedly created by the platform. Robinhood does not have a proprietary cryptocurrency, and the $RBH token is a honeypot, meaning that once purchased, the new owner will no longer be able to sell it or even transfer it to another wallet.

Bad actor tried to scam users with low token price and hint of big gain. But Binance team caught and stopped them. Some buyers may have been tricked or bots. Attacker used BSC. CZ reminds to be careful when buying tokens.

This is a reminder to always be vigilant and do your own research before investing in any project or token. And always double-check the sources of any information you see online, especially on social media.

That's all for now, folks. Stay safe and stay tuned for a special piece tomorrow! #satoshi

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.