Arslan Butt
Aptos price prediction remains bullish above the 50-day moving average-driven support level of $4.60, but APT needs help to break above the $5.12 level. Given the bullish breakout of the symmetrical triangle pattern, APT has enormous upside potential; all that remains is a bullish breakout above $5.12.
MoonPay and Aptos Labs Develop the Petra Wallet’s Fiat On-ramp
Aptos, a layer 1 blockchain that recently debuted on Binance, announced on November 29 a collaboration with the exchange MoonPay via integration with Petra, a cryptocurrency wallet developed by Aptos Labs.
Aptos Labs and MoonPay offer straightforward blockchain integration in order to attract billions of people to Web3. This implies that consumers can now purchase APT using Google Pay and Apple Pay, which is hardly noteworthy.
Drum roll please…
We’ve teamed up with @MoonPay to make entering the Aptos universe even easier! With the newly integrated MoonPay fiat on-ramp, crypto newbies and early adopters alike can easily snag APT—right within the Petra wallet.
Learn more ⤵️https://t.co/5KPj3T5q0C
— Petra (@PetraWallet) November 29, 2022
Aptos Labs’ Petra wallet now includes a delightfully simple fiat on-ramp that makes exchanging currencies within the Aptos ecosystem a breeze. The collaboration began when APT became available through MoonPay.
The incorporation of the MoonPay fiat on-ramp into Petra was the next logical step in an effort to improve the web3 user experience. The fiat on-ramp allows those new to web3 or early adopters to easily join the Aptos network.
APT can be bought with any major credit card, including Visa, Mastercard, Apple Pay, and Google Pay. The partnership benefits the coin, and the APT/USD exchange rate is rising.
Aptos Labs Commits to a $1B Recovery Fund Led by Binance
According to a press release issued by Binance, Aptos Labs and Jump Crypto, two well-known cryptocurrency companies, have agreed to contribute $50 million to a $1 billion Industry Recovery Initiative (IRI) led by Binance.
New: Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group have committed to participating with an initial aggregate commitment of around USD 50 million to Binance's Recovery Fund.
— Tree of Alpha (@Tree_of_Alpha) November 24, 2022
Jump Crypto, a trading firm, and Aptos Labs, the company behind the recently established Aptos blockchain, have contributed to the fund, along with venture capital firms Polygon Ventures and Animoca Brands, GSR, Kronos, and Brooker Group.
Following an industry collapse that caused havoc over the previous year, the fund will be used to purchase distressed crypto assets. Due to a common issue of bad loans and a lack of liquidity, numerous cryptocurrency organizations have restricted consumer withdrawals this year. FTX, Celsius Network, Voyager Digital, Three Arrows Capital, and Compute North are among the companies that have declared bankruptcy.
Binance CEO Changpeng Zhao stated in a Bloomberg interview, “If that’s not enough ($1 billion), we can allocate more.” According to the press release, Binance intends to expand the fund to $2 billion. The Aptos blockchain’s native token, APT/USD, also known as the “Solana killer,” is increasing in value following the press release.
Aptos Price Prediction – Can APT 2x to Reach $10 This Year?
On December 03, the APT/USD opened the day at $4.90, reaching a high of $5.13 and a low of $4.88. Aptos is currently trading at $4.98 with a 24-hour trading volume of $147 million. Aptos has increased by more than 7.5% in the previous 24 hours and over 13% in a week.
CoinMarketCap now ranks #59, with a live market cap of $647 million. It has a circulating supply of 130,000,000 APT coins and no maximum supply.
The APT/USD is trading with a bullish bias, having broken through the symmetrical triangle pattern at $4.50. APT is currently facing significant resistance at $5.10, and a break above this level could expose APT to $6.10. Leading indicators such as the RSI and MACD indicate the possibility of a bullish trend continuation.
Alternatively, increased selling pressure may result in a bearish crossover below the 50-day moving average at $4.60, and a cross below this may expose APT to levels as low as $4.40 and $3.85.
From a technical standpoint, APT has the potential to double to $10 this year.
Highlights of Alternative Coins
Since we’re talking about coins with a lot of upside potential, we can’t leave out D2T and IMPT, which have a lot of upside potential and profit opportunities.
Dash 2 Trade (D2T)
Dash 2 Trade is a cryptocurrency analytics tool that also serves as a decentralized trading platform, allowing users to backtest their strategies and see how they performed in the past. It helps traders by allowing them to conduct transactions automatically without requiring human intervention. Investors will benefit greatly from a number of Dash 2 Trade platform features.
Trading signals can also be used by traders to alert investors to market opportunities and encourage them to buy or sell. Adopting strategies and trading may go much more smoothly with the use of strategy builders and social trading platforms than they would otherwise.
Following the presale, the project will be listed on the BitMart and LBank exchanges. Despite the fact that the presale has only recently begun, the platform is rapidly approaching the stage 3 conclusion.
D2T, the platform’s native token, will be used to pay for platform services and participate in community initiatives and competitions. The cryptocurrency is available for presale and has raised over $7.9 million. Its presale is nearing completion and is nearly 90% complete.
IMPT – Just 1 Week Left to Buy
The fundamental objective of the IMPT cryptocurrency initiative is to revolutionize the international carbon credits market. There are clear benefits for all parties involved when carbon credits are bought, sold, and traded through the IMPT ecosystem, which is made possible by the Ethereum blockchain and the arrangement of carbon credits as NFTs.
The revolutionary IMPT.io platform for carbon offsetting and carbon credits trading is ending its token presale early, on December 11th. Eco-friendly investors have flocked in droves to purchase IMPT tokens. The result is that almost $13.5 million has been collected to complete the project’s construction.
Uniswap, a decentralized exchange (DEX), will launch trading on December 14th. Thanks to its status as an ERC-20 token, IMPT can join the hundreds of other high-quality tokens already operating on the Ethereum blockchain. IMPT will be listed on LBank and Changelly Pro, two controlled exchanges, shortly following the debut of its decentralized exchange (DEX).
Related news:
- Here’s 3 Reasons Why Aptos Price is Falling to $9 and 3 Altcoin Alternatives For Higher Returns
- Aptos Price Prediction – This Coin Might Be as Cheap as it Gets Now, Should You Invest?
- Aptos Price Forecast – This Coin Still Has A Good Story to Tell And is Cheap to Buy
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Arslan Butt.
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