Aptos (APT) is a relatively new cryptocurrency that recently gained popularity. The Aptos network is built on the Binance Smart Chain and offers users a range of features, including a decentralized exchange and a rewards program for liquidity providers.
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What is APT Crypto?
APT is determined to design products and applications based on the Aptos blockchain, which will transform the web3 user experience. Their team of accomplished tech professionals is devoted to generating more reliable network tools & effortless usability, which will help make decentralization accessible to everyone.
The Aptos blockchain utilizes APT as its primary crypto asset. Developed by Aptos Labs, the mainnet went live on October 17, 2022. A layer one blockchain protocol was used to facilitate the launch and operation of the network.
At the time of writing, the price of APT is trading at around $11.89 per token, with a total market capitalization of approximately $2.1 billion. Over the past 24 hours, the price of APT has seen an increase of around 3%, indicating a bullish trend in the short term.
Over the past year, APT has seen significant growth, with its price rising from around $3.09 per token to its current level of $19.90. This represents an increase of around 500%, suggesting that the overall trend for APT is positive.
One factor driving the growth in APT’s value is the popularity of decentralized finance (DeFi) platforms. DeFi has been a hot topic in the cryptocurrency space in recent times, as it offers users a range of features that traditional finance cannot provide. For example, the Aptos network offers a decentralized exchange where users can trade cryptocurrencies without intermediaries, aligning with the DeFi ethos of decentralization and transparency.
Another factor contributing to the rise in APT’s price is the overall bullish sentiment in the cryptocurrency market. Over the past few months, we’ve seen significant increases in the value of many cryptocurrencies, with Bitcoin, Ethereum, and other major coins reaching new monthly highs. This positive sentiment is likely driving investment into smaller projects like APT as investors seek opportunities to diversify their portfolios.
Based on the research of Aptos’ pricing history, it is estimated that the lowest price in 2024 will be around $20, while the highest projected value may reach up to $25. In the 4H timeframe, the price action of $APT/USDT has broken the horizontal support zone. Therefore, a further downward movement is expected from here.
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.