city Venture cryptocurrency city Venture

Is it Too Late to Buy Aptos? Experts Give Their APT Price Predictions After 72% Rise in 7 Days

Reading now: 212
cryptonews.com

APT, the token that powers new up-and-coming layer-1 blockchain Aptos, is consolidating just to the north of the $13 level on Monday.

Profit-taking in wake of a stunning 281% rally since the start of the month, with over 70% of these gains coming in the last seven days, preventing the cryptocurrency from holding at record-high levels just to the north of the $14 mark.APT’s rally has been in part powered by a broader move higher in crypto since the start of the month which has, for the most part, been fuelled by macro-optimism (for easier monetary policy this year and next).

Some analysts have also cited growth in trading volumes on Aptos-based NFT marketplace Topaz as boosting interest in the recently launched layer-1 blockchain.Crypto twitter community members were skeptical as to the sustainability of the rally.

According to @Z_Humphries, Aptos is a “new shiny L1 and a lot of the VC money that left Solana could be going here... just a guess”.

Read more on cryptonews.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA