- Aptos (APT) has less than 40% of the supply in circulation.
- The APT crypto price has shown 15 green days in the last 30 days.
Aptos (APT) is a layer 1 blockchain token utilizing the Move programming language, focusing on safety and flexibility. It employs parallel processing execution and AptosBFT consensus for efficiency.
APT is used for the payment of network fees, validator staking, and governance within the Aptos project. Created by Aptos Labs in 2021, led by Mo Shaikh and Avery Ching.
The trading volume of the Aptos crypto has witnessed an advance of 7.5% in the last 24 hours followed by a decline of 4.48% in the market cap of the Aptos crypto. The market cap ranking of the crypto is 21st in the global cryptocurrency market.
The value of the traded volume for the Aptos crypto in the last 24 hours is $557.92 Million while the volume/market cap ratio of the crypto is 10.52%. The circulating supply of the crypto is only 395.127 Million APT while the total supply of the crypto is 1.086 Billion APT.
The maximum supply of the crypto is infinite and the fully diluted market cap of the crypto is $15.677 Billion. The all-time high price recorded for crypto is $19.9 which was recorded on January 30, 2023. The trading price of the crypto since then has declined by 25.6%.
The current market cap dominance of the Aptos crypto is 0.22% and the supply inflation of the crypto is very high resulting in 129.96%. The sentiment of the crypto is also bullish followed by a very high volatility.
Aptos Crypto Blockchain Data Overview
The stablecoins market cap of the crypto is consistently advancing over time resulting in $80.45 Million. Also, the total value locked for the crypto is $354.11 Million as per DefiLlama.
The TVL of the Aptos has also been consistently rising followed by the advance in the trading volume in crypto.
Stablecoin Held By Whales Vs Market Cap Vs Social Volume For APT
The percentage of the stablecoin held by the whales over 5 million USD is consistently rising over time which represents that whales are confident for the growth of the crypto.
The market cap followed by the advance in the price of the crypto is also consistently advancing. Despite all this, the social volume of the crypto is stagnant showing no significant change.
Aptos Crypto Derivatives Analysis
The buyers and sellers can be seen fighting with each other as the long liquidation witnessed by the crypto is worth $879.25K against the short liquidation of $722.54K. This further results in a long/short ratio of 0.9463.
The derivatives trading volume for the crypto has also advanced by 6.6% resulting in $1.22 Billion which further has resulted in an advance of 4.6% in the open interest of the crypto.
APT Crypto Technical Analysis
The APT crypto price is following a strong uptrend and the price of the crypto is consistently forming higher high swings on the chart. The price of the crypto has also broken above the crucial swing high of $11.00 which further results in a breakout of change of character level to bullish.
APT/USD Chart by on TradingView.com
The Aptos crypto price is trading above the crucial EMAs followed by the golden cross in the 50 and the 200-Day EMAs. This represents a strong preceding uptrend in the crypto price.
The histograms are bullish on the MACD chart of Aptos crypto. Also, the MACD and the signal line are trading in a golden cross and are consistently advancing to higher levels.
The RSI for the APT crypto is revolving in a volatile zone above the 50-level indicating bullish to volatile momentum in the crypto price.
Summary
With Aptos (APT) experiencing a surge in trading volume and displaying bullish indicators, including a breakout above crucial swing highs and a golden cross on EMAs, the price uptrend appears robust. Additionally, stablecoin held by whales is increasing, reflecting confidence in future growth, suggesting a potential continuation of the price surge.
Technical Levels:
- Support Levels: $6.60 and $11.00
- Resistance Levels: $18.40 and $20.0
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.