Minter
Quack AI
NEAR Protocol
Pearl
Sui
Pons
Quantus
- In the last 30 days, the price of the APT coin has advanced by 16%.
- The derivative trading volume of the Aptos crypto has declined in the last 24 hours.
Aptos is a blockchain project that aims to provide a scalable and flexible platform for smart contracts and dApps. It uses the Move language, which was developed by Meta for Diem, and a parallel execution engine and a BFT consensus variant.
The APT token is the native currency of the network and it is used for paying fees, staking for validators, and voting for governance. The project was created by Aptos Labs in 2021, led by two former Meta engineers.
Aptos has a huge circulating supply of 2765.098M APT followed by a total supply of 1.066B APT. The current fully diluted market cap of the crypto is $7.772B and has an infinite max supply.
The APT crypto has faced a huge decline of 31.55% in trading volume in the last 24 hours. It indicates that the traders are losing interest in the APT crypto.
The market cap of the crypto has slightly advanced by 1.69% leading to a similar percentage of advance in the APT crypto price. This coin’s current volume/market cap ratio followed in the last 24 hours by the crypto is 5.78%.
The current market cap dominance of the coin is 0.136% following a market cap rank of #36 as per Coingecko.
APT Volume Analysis
The Aptos witnessed the highest volume spike in August 2023 and then the market has been unable to break above the following volume highs. The crypto volume is slowly declining now. It has resulted in the current traded volume of 114.41M.
APT Technical Analysis
After consistently forming lower high patterns on the charts, the APT crypto price has recently broken above the last swing high. The current behavior of the price represents that the price might try to advance to higher levels.
APT/USD Live Chart by TradingView
The APT crypto price is trading above the 50-day and the 200-day EMAs. although the EMAs are following a death cross on the charts, the price is showing bullish behavior.
The Directional Moment Index is giving a bullish signal as the positive +DI line is trading above the -DI line. The ADX for the crypto is trading at a level of 33.3575, indicating strength in the trend.
Conclusion
Aptos is a promising blockchain project that uses the Move language and a parallel execution engine to provide a scalable and flexible platform for smart contracts and dApps. Its native token “APT” is showing bullish signs, as it has broken out of a downtrend and is trading above the 50-day and 200-day EMAs. The DMI indicator also confirms the bullish trend, as the +DI line is above the -DI line. Thus, the price of the crypto might continue to advance to higher levels.
Technical Levels
- Support levels- $3.05 and $4.70
- Resistance levels- $8.00 and $9.50
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
