APT Price Prediction – Aptos Forming Bullish Engulfing Patterns

Aptos was a recent addition to the crypto market, and the token has managed to make it under the top 30 crypto tokens in no time. A token of this success can hardly dodge investors’ interest, and with its recent price increase, it’s attracting eyeballs more than ever. If you’re someone who wasn’t aware of the token until now, we have you covered. 

What Is Aptos?

Aptos, a project by Aptos Labs, is a web3 startup that aims to build a scalable layer-1 blockchain. It was founded by developers who previously worked on Diem, a blockchain initiative that was abandoned by Meta in January. This means that Aptos already has a strong foundation on which to build its products on. 

The company uses key elements of the former Diem blockchain and Move, a programming language that was independently developed by Meta. Aptos claims that the network will be able to process over 130k transactions per second using its parallel execution engine, resulting in low transaction costs for users. 

Unlike other blockchains, which either execute smart contracts sequentially or require a high level of parallel processing, Aptos’ system allows for a single failed transaction to not hold up the entire chain. Transactions are processed simultaneously and then validated; any that fail are retried thanks to the use of STM libraries.

Aptos also enables DeFi projects to be built on its blockchain, with over 30 DeFi projects currently present in the Aptos ecosystem. These include decentralized exchanges, lending protocols, and liquid staking. 

The team behind Aptos is co-founded by Mo Shaikh (CEO) and Avery Ching (CTO), both former Meta employees with years of experience in the blockchain industry. The team comprises PhDs, researchers, engineers, designers, and strategists, who are the original creators, designers, and builders of Diem.

Aptos has been successful in securing a large amount of funding from various crypto heavyweights despite the bear market. In March 2022, Aptos received $200 million in funding from a16z, Tiger Global, and Multicoin Capital, among other venture capitalists. In July, the company raised $150 million in a Series A financing round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto. 

Furthermore, in September, Binance Labs invested in Aptos, bringing the blockchain startup’s valuation to $4 billion according to Bloomberg. With this funding from Binance, Aptos quadrupled its valuation in six months as per a report. This investment from Binance Labs is seen as a positive sign of the project’s potential.

For a project that was launched only recently, Aptos has managed to make a mark for itself in no time. With the token reaching its all-time high, investors are more excited than ever to improve their APT investments. 

Here’s How APT Tripled In Less Than Two Weeks

The rapid increase in the token price of the latest blockchain project Aptos can be attributed to both fundamental and technical factors. The main fundamental factor that triggered the APT price takeoff was the overall growth of the crypto market in January when its capitalization rose by 31.2% initially. 

The reason for this was discovered later, as the token distributed by airdrop was oversold. This, combined with the timing of the dump right before the FTX crash, caused a major wave of correction in the crypto market. 

As for the technical factors, it’s worth noting that the APT token broke its previous maximum of $10.2 on the daily momentum. This allowed the token to reach a new level, and it then consolidated above this level in an attempt to search for a fair price, which led to another 30% increase in value. 

Furthermore, it is also important to note that the APT token has shown strong resistance to market corrections, which is a bullish indicator of its long-term growth potential. Additionally, the team behind the project has been consistently updating their whitepaper and has also been active in the community, which has also helped to build trust among the investors. 

All these factors combined have been contributing to the upward trend in the token price of APT.

APT Price Action

Aptos’ token APT, has seen a significant increase in its token price in the past week. Just a week ago, the token was priced at $7.74, but it has now risen by 76.22% to $13.64. In the past 24 hours alone, APT has increased by 7.53%. 

Despite a slightly bearish sentiment in the overall crypto market, the long-term outlook for APT remains bullish as it was predicted to reach $13.50 in 2024. But considering the fact that the token has already crossed this price, investors are more optimistic than ever with their APT investments. 

The total circulating supply of Aptos is currently $159,298,811 and the market capitalization of APT is $2.16 billion. 

APT Price Prediction for 2023, 2025 and 2030

APT Price Prediction for 2023

Apto’s price for 2023 is predicted to range between $8.25 and $11.79, with an average price of around $10.02 in case the current pump goes on to fade away. The highest price APT is expected to reach in 2023 is $17.79, the lowest is $8.25 and the average price is $10.02. Market conditions, regulatory changes, and other external factors can greatly impact the price of Aptos. And considering the volatility of the market right now, these predictions are likely to change for such a short time period. 

APT Price Prediction for 2025

Technical analysis of the token predicts that the price of Aptos (APT) in 2025 will be a minimum at around $24.56 and might reach a maximum value of $27.86. The average expected trading price is estimated to be $25.40. This prediction is based on a thorough analysis of past price data for APT in addition to the technical indicators.

APT Price Prediction for 2030

While it’s tough to predict a price for Aptos over such a long duration, given the fact that it’s relatively new. Considering the nature of other cryptocurrencies similar to Aptos, and their price behavior. Aptos, along with many other cryptocurrencies, is expected to reach new all-time highs in 2030. The average price of Aptos is predicted to be $89.66, with a minimum price of $76.92 and a maximum price of $102.15. However, it’s worth noting that these predictions are based on current analysis and there is always the possibility that prices may fluctuate significantly, potentially even surpassing the forecasted values, especially in the event of a bull market. And the opposite can also be true. 

Aptos Alternatives That Are Just As Good 

APT is suggested to be a great token for investment, but it’s always best to explore other coins as keeping a diverse portfolio increases the chances of you making exponential gains, while hedging you against losses due to project collapses. 

Calvaria is a new cryptocurrency-based game that allows players to compete for control of a fantasy underworld. The ecosystem of the game is dependent on a unique token called RIA, which is crucial to the game. 

The game Duels of Eternity allows players to use their accumulated NFT battle cards to engage in strategic duels against one another. The trading of RIA will be done through a one-of-a-kind initial exchange offering on BKex, a centralized exchange. Once RIA is listed on BKex, it will also be listed on the LBank exchange in Hong Kong. The Calvaria presale, which is currently in its final stage, has already raised over $2.9 million with only 6% of tokens being offered for sale.

Meta Masters Guild, a play-to-earn (P2E) games platform, is another crypto project that has raised $853,000 from investors in its presale. The second stage of the seven-stage presale is closing in on the $1,120,000 mark, which would see the price of the $MEMAG token rise 30% from $0.01000 to $0.01300. 

The final price in stage seven is set at $0.02300, which is 129% above the stage two price. The project has a target of raising $4.97 million, and analysts predict the MEMAG token could complete stage two of its presale next week. They also predict that the Meta Masters Guild could become the fastest-growing P2E cryptocurrency of the year with 10x potential.

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