Aptos surged 12% thanks to the announcement of Shelby - Will the gainer momentum continue?

Aptos (APT) has surged 12% on Tuesday after announcing Shelby - a new decentralized storage network designed to bring high-performance data directly onto the chain. With this move, Aptos is not only upgrading the blockchain infrastructure but also opening the door to the new generation of Internet applications, from streaming content to processing artificial intelligence (AI) directly on the decentralized platform.

Aptos develops Shelby to pioneer in decentralized cloud storage

Aptos Labs, in collaboration with Jump Crypto, has just launched Shelby - a decentralized hot storage network designed to transform static data into dynamic, real-time readable and retrievable content.

“Shelby is reshaping the digital economy,” Aptos Labs declared on platform X on Tuesday. “It breaks the traditional cold data model, turning stored information into streamable, valued, and seamlessly integrated content in real time.”

According to Aptos Labs, Shelby is not only a technological advancement, but also a direct challenge to the data dominance of large corporations. With the ability to process high volumes of data at high speed, Shelby is expected to pave the way for the emergence of a new '(' class on the platform.

Aptos stated that Shelby is designed to empower developers and creators to stream, distribute, and monetize real-time data without sacrificing speed, control, or ownership. The platform operates on a highly cost-competitive decentralized cloud system, integrates dedicated fiber optic networks, auditing protocols, and advanced data encryption mechanisms. Particularly, Shelby also includes incentives for nodes that provide high-value data, paving the way for a dynamic and sustainable data ecosystem.

*"This creates a positive growth spiral: users create value, value translates into assets, assets attract capital, and capital drives innovation. That's the success model of Web2 – and with Shelby, Web3 is on a similar trajectory," Aptos emphasized.

Initially, Shelby will use the Aptos network as the default payment layer, but in the long run, this platform is designed to become flexible and not dependent on any specific blockchain — allowing integration and operation across all blockchain ecosystems.

In addition to the strategic partnership with Jump Crypto, Aptos Labs has also received significant contributions from Metaplex — a prominent NFT infrastructure protocol, along with Story Protocol — a pioneering platform in intellectual asset management )IP( for Web3.

APT increases by over 12%, aiming for the $6 mark

APT has surged by 12% in the third trading session, now approaching the upper boundary of the downtrend channel – where it converges with two important moving averages, the 50-day EMA and the 100-day SMA. This upward momentum started when APT rebounded from the support zone at $3.76 – the lowest level since January 2023.

If APT can decisively break through these midlines, the uptrend could be extended to the $6.15 area, provided that it first overcomes the key resistance barrier at $5.73. Conversely, in case of rejection, APT may risk turning back down to the $3.76 mark.

![])https://img-cdn.gateio.im/webp-social/moments-e4aaa7da5a2368e9b5b56e0cd65434dc.webp(Daily APT/USDT Chart | Source: TradingViewTechnical indicators such as Relative Strength Index (RSI) and Stochastic Oscillator have both crossed above the neutral threshold, indicating a significant increase in buying pressure and price momentum consolidation.

However, if a candle closes below $3.76, the bullish scenario will officially be broken.

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