Aptos is a much-anticipated blockchain developed by Silicon Valley wunderkinds. It quickly became popular news in the crypto world following its rocky debut. Aptos token, APT, dropped 50% in its first 24 hours of trading.
This crypto project initially boasted a potential transaction count of 100,000, only four per second. The project was valued at $2 billion in the prelaunch private investment round.
However, it currently has a market cap of $959 million. It’s apparent that most people rooted for the crypto project to fail. Although this altcoin has some technological innovations, it doesn’t quite match up to crypto’s ideals.
This article will discuss the Aptos price prediction and look at some new cryptos that are set to explode by 50x first. These cryptos include D2T, IMPT, and RIA. So let’s dive right in!
An error that the Aptos team made was not including a method to remove Airdrop hunters who interact with crypto projects to receive future airdrops. These hunters often create many wallet addresses and complete a transaction on these projects with these addresses. This makes them eligible for future retroactive Airdrop from many accounts.
When airdrop hunters receive these tokens, they sell them almost immediately. Naturally, this results in a drop in the asset’s price. Since APT started trading, it has fallen by 4% to $7.
While the RSI indicates a buy signal for this crypto, MACD indicates a bearish trend. In addition, the symmetrical triangle pattern on the coin’s hourly chart suggests that investors are indecisive about the coin.
According to CoinArbitrageBot, the APT price might be steady over the next few years. Although the coin’s price might drop below $7 by November 2022, it could recover well and trade just below $8.11 in 2023. According to the prediction site, this coin’s price could reach $15.75 by 2024 and eventually hit $41.22 in 2026.
On the other hand, DigitalCoinPrice predicts that APT will continue to fall but trade at $7.03 by the year’s end. Afterward, this price prediction site remains optimistic about the token and forecasts it will be worth $11.51 in 2032 and $15.09 in 2024.
Meanwhile, CryptoBullsClub has a more optimistic forecast for Aptos and believes it will close the year with its price between $8.70 and $19.67. By October 2023, the site believes the coin’s price will be between $10.45 and $11.50. Finally, by October 2025, CryptoBullsClub believes Aptos would trade from $23.53 to $25.88.
Note that the market is volatile, and predicting how a coin will turn out in the future is difficult. Therefore, analysts can get their predictions wrong. However, with Airdrop hunters’ involvement in Aptos, the price might fall further before the year ends.
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