- The Aptos crypto is witnessing a considerable advance in its trading volume.
- The APT crypto has less than 40% of its total supply in circulation.
Aptos (APT) is a layer 1 blockchain token utilizing the Move programming language, developed by Aptos Labs in 2021. Key components include Move, parallel processing execution, and AptosBFT consensus. APT serves as network fees, validator staking, and governance within the Aptos project, led by Mo Shaikh and Avery Ching, with Diem blockchain experience.
The current circulating supply of the Aptos crypto is 396.441M APT, while the total supply of the crypto is 1.087B APT. Moreover, the maximum supply of the crypto is infinite, and APT has a fully diluted market cap of $19.853B.
The value of the trading volume for the crypto has advanced by 84.3% in the last 24 hours. Following this, the market cap has also advanced by 12.7%. Furthermore, the crypto’s volume/market cap ratio is 6.83%.
The current market cap of the Aptos crypto is $7.22B, which makes it the 21st largest cryptocurrency in the world, followed by market cap dominance of 0.27%. The volatility of the crypto is also high, resulting in 13.6%.
The supply inflation of the crypto is also very high compared to its peers, resulting in 123.17%, as per CoinCodex. The cryptocurrency’s sentiment is also bullish, and the fear and greed index indicates extreme greed.
Aptos Crypto Derivatives Analysis
The derivatives trading volume for Aptos has witnessed an advance of 77% in the last 24 hours, resulting in a traded volume of $1.06B. The open interest in crypto has further advanced by 18.3%.
Following a long/short ratio of 0.9459, the crypto has witnessed a higher short liquidation of $949.91K. It is further followed by a long liquidation of $241.36K, indicating the buyer’s crypto dominance.
Aptos Crypto Blockchain Data Overview
Followed by consistent advances in the trading price of the crypto, the volume and the TVL for the crypto are advancing. It is further followed by a continuously rising stablecoins market cap.
Moreover, the current total value of crypto is $495.9M, and the stablecoins market cap of crypto is $93.34M.
APT Crypto Technical Analysis
The APT crypto price consistently advances to higher levels, followed by a parabolic momentum. From its swing lows of November 2023, the crypto price has advanced by more than 280%.
The following behavior of the price shows strong buying sentiment in the crypto, which indicates that by following the momentum, the crypto’s price might continue to surge to higher levels.
APT/USD Chart by TradingView.com
As the crypto price is following a solid uptrend, most of the indicators are giving a bullish signal on the daily chart. The EMAs are bullish on the daily chart, and the crypto’s price has advanced by 45% from the 50-day EMA.
The MACD line is trading at a level of 1.49, and the signal line has also advanced to a level of 1.24. The histograms formed on the chart are also bullish.
The RSI is trading at a level of 75.6 and has broken above the 14-day SMA line. It also indicates the strength of the crypto price.
Summary
With Aptos (APT) crypto witnessing significant volume and market cap increases, high bullish sentiment, and extreme greed indicators, it’s poised for further upward momentum.
Derivatives data suggests buyer dominance, while technical analysis signals a strong uptrend with bullish EMAs, MACD, and RSI indicators supporting continued price surge.
Technical Levels:
- Support levels: $6.6 and $11.00
- Resistance levels: $18.400 and $20.50
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.