Aptos, the newest cryptocurrency in the market, has dropped by around 14% over the past 24 hours, making it one of the top losers in the charts. Nevertheless, APT is still up by around 10% in the last week. At the time of writing, APT was trading at $8.12.
Aptos price prediction
Aptos launched recently but has had a successful debut following its listing on top cryptocurrency exchanges such as Binance, Coinbase, and FTX. The Aptos network has promised users access to high transaction speeds, which has given the network the label of being a “Solana killer.”
In the last 24 hours, APT has traded in the range of $8 to $9.44, indicating that the token is experiencing some mild volatility. According to CoinGecko, APT rallied to an all-time high of $13.73 on October 19 and has since lost around 40% of its value.
Following its successful launch and quick listing on exchanges, APT is enjoying healthy trading volumes. Over the past 24 hours, APT has recorded trading volumes of over $365 million. The token currently ranks as the 54 largest cryptocurrency with a market capitalization of $1.05 billion.
APT could continue with the downtrend in the short term because of the bearish sentiment across the broader cryptocurrency market. During the past 24 hours, the broader cryptocurrency market has dropped by around 2.3%, but the market cap is still above $1 trillion.
If APT drops lower, the token could drop below $8. This could trigger panic, as it is a new cryptocurrency, and such coins are usually susceptible to high volatility. Therefore, we could see the volatility spiking in the coming trading hours as the bulls and bears fight for control.
The Relative Strength Index (RSI) indicator is currently at 52, with a neutral outlook between the buyers and the sellers. The neutrality of the token means that if bulls take control early, the token will rally, and if bears take control, the token will plunge.
The Moving Average Convergence Divergence (MACD) line is nearly trading at par with the signal line, indicating that neither bulls nor bears have control. Therefore, positive developments such as the migration of projects from Solana to Aptos need to be in play for the price to break out.
Altcoins to invest in today
Some of the best cryptos to invest in today apart from APT are Dash 2 Trade, IMPT, and Calvaria.
Dash 2 Trade (D2T) is a crypto signals platform that gives novice and experienced traders access to trading signals that will improve their trading experience. The D2T presale has raised more than $2.9 million amid a surge in demand.
The other token you should consider investing in today is IMPT. IMPT is the native token for the IMPT.io token. According to the IMPT.io website, the presale has raised $11.2 billion. IMPT.io is a platform that seeks to lower carbon emissions.
The other best presale happening right now is the one for Calvaria (RIA). Calvaria is a play-to-earn gaming platform that seeks to make the blockchain gaming sector easier to access by new people in the P2E sector. The RIA presale is in stage 2 after raising 483,249 USDT.
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