Although the Aptos price prediction is bullish, the APT has entered the overbought zone and is facing strong resistance near $5.80, which could lead to a bearish correction. APT/USD opened trading at $5.19 on January 10. It has risen nearly 41% in the last 24 hours and is now worth $5.77.
The APT/USD pair has ranged between a high of $5.80 and a low of $4.95. Furthermore, its value has risen by more than 53% in the last week.
Blockchain Facebook Abandoned
Aptos is a new Layer 1 blockchain created by former Meta employees. Just a few days after its launch, the network has already sparked debate in the cryptocurrency community, both positively and negatively. It is also a proof-of-stake blockchain designed for scalability, durability, and security. In addition to being a valuable coin, the APT currency is a utility token that provides users with governance.
⚡Aptos is a layer 1 blockchain built by core team members of Meta’s Diem project, using the Move smart contract programming language. If you wanna support this project then especially for you I made banner that you can use whatever you want @Aptos_Network #Aptos #Apt #crypto pic.twitter.com/WXbhxYJtSW
— AlexKozlov (@Alex31567445) January 5, 2023
The new Aptos cryptocurrency is coded in Move, a Smart Contract programming language developed by Facebook in 2019. The move was also used to create Diem, Facebook’s native blockchain. It is a Facebook-affiliated company, and its intellectual property and other technology assets are required for the blockchain-based payment system to function. It did, however, leave the blockchain in January 2022.
What's the fascination with Aptos? I thought it is some meta chain for fb… https://t.co/jN3SEn2Ppk
— Klemem (@Klemem5) January 2, 2023
Due to persistent political and regulatory pressure, Facebook abandoned its blockchain initiative. Meta Platforms provided Aptos with a world-class development team. This team also worked on Meta’s (than Facebook’s) Diem initiative, giving the cryptocurrency a rich history. As a result, the future of APT/USD appears bright.
Aptos Price Prediction – 10x Lower Gas Fees on Aptos
The Aptos team frequently collaborates with community builders to support their deployments and gather feedback to improve the network. It is a significant request to improve the gas schedule. The suggestion is consistent with an Aptos core tenant, which states that the cost of using Aptos should be determined primarily by network demand.
Over the last few months, the team has held several internal group discussions, evaluated a large amount of on-chain data, and spoken with numerous ecosystem builders about their applications to ground the ideas in reality.
The following three steps will result in Aptos demand-driven gas prices:
- By early January 2023, prices for dynamic NFTs will be cut by 10 times if operations on NFT data are made better.
- Build data structures that use less gas in the first quarter of 2023 and have full end-to-end support, including guides and indexing.
- In late Q1 or early Q2 2023, create a robust gas model that isolates storage from execution costs. It will result in execution gas costs that are driven by demand.
After completing these major tasks, gas prices will fall significantly, benefiting activities such as moving or upgrading NFTs, updating an oracle, and even modifying positions in DeFi operations. It will also increase the value of APT/USD.
PancakeSwap to Continue Deployment on Aptos
On January 6, the PancakeSwap team announced a new proposal to its community via Twitter. The proposal hoped to allow PancakeSwap to continue its multichain deployment on Aptos while also advancing the goal of being a multichain one-stop shop for all things DeFi.
The CAKE community voted to keep working on the network, and PancakeSwap is now the top DEX on the Aptos blockchain. The Aptos deployment vote was successful and ended on January 7. Over 97% of respondents voted to keep the deployment going.
According to the proposal, PancakeSwap has 14 farms on Aptos with APRs comparable to or higher than those of other Aptos DEXes. Furthermore, the DEX hopes to attract more Aptos-based projects that will benefit CAKE and APT/USD.
Aptos Price Prediction
On the technical front, Aptos is facing strong resistance near $5.84, and a close below this level is likely to trigger a bearish correction until $5, a level that has been extended by a 38.2% Fibonacci retracement. A bearish breakout below this level may allow for additional selling up to the $4.55 level.
The MACD and RSI indicators were in the overbought zone, but they have begun to come out of it, which may soon drive a pullback in APT.
On the bullish side, APT’s immediate resistance remains at $5.80, with a bullish breakout leading the price to $6.30.
Take a Look at Other Cryptocurrencies
Given their strong teams, innovative ideas, and high potential, the digital coins listed below, which are now in pre-sale, have already attracted investment.
Fight Out (FGHT)
FightOut is a blockchain-powered move-to-earn (M2E) software and gym chain that rewards and motivates users to be healthy and active. Fight Out also fosters a sense of community in both local and online fitness networks. Members of the community can use the app to participate in challenges and receive personalized training regimens with progress tracking.
Fight Out will provide an engaging and rewarding way for people to be active and healthy, while also encouraging the adoption of Web3 technology and creating a better society. Their FGHT coin presale has nearly raised $2.8 million.
FGHT is a wise investment right now before prices rise in its second presale stage, thanks to the collaboration of LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, who provide both financial and operational support. There is also the possibility of receiving a 50% bonus right away.
Dash 2 Trade (D2T)
Dash 2 Trade‘s innovative capabilities have the potential to transform the cryptocurrency trading industry. Due to the variety of tools available, traders will have complete visibility and control over their assets, as well as access to a dynamic community where they can receive information for thoroughly analyzing projects before investing.
The Dash 2 Trade platform is designed to assist both new and experienced traders in developing trading strategies and utilizing automated trading via exchange APIs. Furthermore, its token presale ranking system will provide clients with the confidence to invest in potential tokens before they become widely used.
The D2T presale, which has grown in popularity, has concluded, and new investors are only now being accepted. With nearly $14.8 million in funding to date, the team will be able to get off to a great start and continue to improve its platform.
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FightOut - 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 - $1M+ Raised
- Real-World Community, Gym Chain