Arslan ButtAptos, the blockchain-based cryptocurrency, has surged 440% this month and is now trading at around $18. This surge in price has been driven by a combination of factors such as increasing adoption, positive sentiment from investors, and the launch of its mainnet.
Despite this massive increase in price, technical indicators suggest Aptos still has room to grow and could potentially reach $100 by the end of 2023.
In this article, we will explore why Aptos’ price is still likely to continue rising and how it could potentially reach $100 in the near future.
Binance Adds Aptos Support – What Does It Mean For The World Of Crypto?
Aptos made its official debut on Binance in December with the launch of its APT/USD pair. APT is also listed on major cryptocurrency exchanges such as Coinbase, MEXC, Huobi, and OKX. Furthermore, Binance, the largest cryptocurrency exchange, announced on January 20 the launch of four new liquidity pools for the Binance Liquid Swap: APT/BTC, APT/USDT, HFT/BTC, and HFT/USDT.
it just CZ doing his own things https://t.co/cYg9Q39vNN
— 0xCuteSocks (@0xCuteSocks) January 25, 2023
Different markets will be served by the new liquidity pools. The listing fee for new projects will increase from 1% to 3%, according to the statement.
The automated market maker approach was used to create the liquidity pool for Binance liquidity farming. It works in the same way as previous DeFi swaps in that it is made up of many liquidity pools, each with two tradable digital tokens. Furthermore, Binance’s announcement prompted an increase in APT prices.
NFT markets on Aptos appear to have contributed to the growth. Data from Aptos NFT marketplace Topaz show collections such as Aptomingos – a set of comic flamingos – and Aptos Monkeys attracted tens of thousands of dollars in trading volume in the past 24 hours.
— mayhem247ai.wallet (@Mayhem247Ai) January 23, 2023
Aptos-based non-fungible tokens are extremely popular. Aptos’ NFT marketplaces appear to have contributed to this growth. According to Topaz data, trade volume for Aptos NFT collections such as Aptos Toad Overload, the First Aptos NFT, and Aptos Monkeys reached tens of thousands.
The high volume of transactions on many of the top Aptos projects is revealed by Tracemove’s NFT list. Several well-known traders anticipate a surge in Aptos NFT interest in the coming days. It means that as more people became interested in Aptos-based NFT collections, the APT token’s value increased.
Aptos-PancakeSwap Integration
After user approval, PancakeSwap, the largest DEX on the BNB Chain, announced its implementation on the Aptos blockchain on January 7. It will enable PancakeSwap to continue its multichain deployment on Aptos, bringing the company one step closer to its goal of becoming a multichain, one-stop shop for all things DeFi.
According to DefiLlama statistics, PancakeSwap now has the majority of the value locked on Aptos. PanCakeSwap currently has $57.75 million in TVL, or 57.66% dominance, making it the leading DEX on the Aptos blockchain. The price of APT/USD spiked in the weeks following this news, indicating the start of an APT price increase.
Aptos integration into Atomic Wallet
Atomic Wallet, one of the most popular cold crypto wallets with over 3 million users, announced on January 13 that it would begin supporting APT. Atomic Wallet is the best place to keep your Aptos safe, and it only takes a few minutes to set up on your smartphone or laptop.
Welcome, @Aptos_Network to @AtomicWallet! Aptos is a layer 1 blockchain created for safe development and built with user experience as a core focus.
Manage $APT tokens with private keys with ease. pic.twitter.com/p7zm7EO5OU
— Atomic – Crypto Wallet (@AtomicWallet) January 13, 2023
Furthermore, you can buy APT and trade it for other currencies directly from your Aptos wallet on Atomic, ensuring that your cryptocurrency is safe and under your sole control. The recent integration into Atomic Wallet boosted the value of the APT/USD.
Aptos Price
The Aptos price is currently trading at $18 and has seen an increase of 1.5% in the last 24 hours. Its 24-hour trading volume stands at approximately $1.2 billion and ranks 26th on CoinMarketCap with a market capitalization of $2.9 billion.
On the technical front, the APT/USD pair is trading with a bullish bias, heading north toward the next resistance area of $20. A bullish breakout of $20 can expose APT to $24, and an additional breakout of $24 can push APT to $26.50.
While support continues to hold around the $15 or $12.50 level, extended by an upward trendline, let’s consider looking for buying positions upon a bullish breakout of the $20 level.
Three Cryptos That Are Worth Investing In Now
Presales for new crypto projects are an important metric for judging potential success. With the ever-growing list of crypto projects, it is wise to pay close attention to the presale stage if you are looking at investing in one.
Investing in MEMAG, FGHT, and C+Charge which are all on presale now can be a lucrative opportunity. These cryptos have the potential to generate much higher returns than other assets.
Meta Masters Guild (MEMAG)
MEMAG is the fastest-growing P2E guild in 2023, thanks to its commitment on creating fun and rewarding games for the mobile gaming market. Meta Masters Guild wants to encourage blockchain use by providing a web3-based mobile game platform that anybody can use.
If you're not part of the #MEMAGFAM, what are you doing??
We've already raised an impressive $1.55M in stage 3 of our presale!
Buy $MEMAG now and be a part of our success story ⬇️ https://t.co/SBqVjX5mWn#presale #crypto #p2e #tokens pic.twitter.com/RcGn87IXiZ
— Meta Masters Guild (@MEMAGgames) January 27, 2023
MEMAG users can earn GEMS or game currency by participating in a range of exciting mobile games. In addition to being used to upgrade in-game characters, these tokens can be swapped for native ERC-20 MEMAG tokens and bought and sold on open marketplaces. MEMAG tokens are currently available for pre-sale, so act immediately for the best future profits.
Stage 3 of the $MEMAG token presale has begun, and tokens are selling fast!
Be a part of the #MMG gaming ecosystem with the power of $MEMAG.
Buy $MEMAG in Stage 3 of the presale before the next price increase!
➡️ https://t.co/HzrnZe7NYC #presale #p2e #nftgames pic.twitter.com/MDwYDcEnEa
— Meta Masters Guild (@MEMAGgames) January 26, 2023
Moving on, the $MEMAG token is set to achieve new heights in the near future, owing to a gaming community of gamers that keep returning for more. One of the best aspects of Meta Masters Guild is that players do not need to make any initial financial contributions.
Meta Masters Guild’s presale is already in Stage 3. So, buy now before the price rises again to the next level.
Fight Out (FGHT)
Fight Out is yet another new cryptocurrency project based on the greatest Move-to-Earn fitness app on the market. Users may download the app and earn REPS, or “in-app tokens,” for every workout they complete.
Fight Out (FGHT) is shedding light on a vast fitness industry by developing new software that rewards users for leading a better lifestyle and performing activities.
Want to experience the power of community and earn rewards for your fitness progress?
Then join the Fight Out presale before it's too late! The earlier you get in, the better ⚡️
Don’t miss up to a 50% bonus with $FGHT! ⬇️https://t.co/z34Nkx3ffi pic.twitter.com/Gv9oJVve2P
— Fight Out (@FightOut_) January 25, 2023
Fight Out tracks your real-life workouts and displays your progress toward your goals using individual avatars. This simple visual representation of your progress motivates users to come back for more.
The FGHT presale has been incredibly successful, having brought in a staggering $3.5 million so far. This shows just how much investors have taken to the project, with the presale selling out quickly in recent months. Another price hike is imminent, so act quickly or risk missing out.
C+ Charge (CCHG)
C+ Charge is yet another new cryptocurrency platform that will make its CCHG token holders super rich in the coming years. The platform is made for owners of electric vehicles (EVs), and since that sector of the economy is expanding, C+ Charge is anticipated to soar in the coming years.
ANNOUNCEMENT
✨Over $400,000 Raised So Far✨
Take part in the presale and make an impact today!
Grab some $CCHG nowhttps://t.co/ixe18bPqzI#crypto #presale #blockchain pic.twitter.com/VSbPZ9CgIV
— C+Charge (@C_Charge_Token) January 27, 2023
In other words, if you drive or charge an electric vehicle, you will earn carbon credits. These credits can then be converted into native CCHG tokens, which can be used to pay for EV charging at stations all over the world.
This incredibly innovative new green cryptocurrency project is currently in presale, but it will quickly sell out. In actuality, it has already raised more than $410,000, and the first CEX launch is set for March 31.
Related news
- Here’s Why the Aptos Price is Ticking Higher at $13.63
- 3 Top Reasons Why Aptos Price is up 12% Today And Keeps Pumping – APT to $100 Soon?
- Why Crypto Prices Are Edging Higher as Market Cap Reaches $1.05 Trillion
Fight Out - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $4M+ Raised
- Real-World Community, Gym Chain
This article was written for Business 2 Community by Arslan Butt.
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