Aptos (APT) is the new large cap crypto kid on the block causing a stir in the markets in 2023. The altcoin, which was launched in October 2022, has recorded a sharp growth of around 271% since the start of this year. The Aptos price is currently at $12.88, down by 1.64% for the day. Can APT make another leg up or is its momentum spent for now?
Aptos Price Technical Analysis and Price Prediction
Dubbed the “Solana-killer” by some, Aptos closed the previous day with a 4.73% loss after posting gains of 74.42% with four consecutive green daily candles.
Starting with the moving averages, Aptos has a 20-day EMA of $8.5625 and a 50-day EMA of $6.6374. This indicates that the short to long-term trend of the token is bullish.
The RSI (Relative Strength Index) of 84.63 suggests that Aptos is currently in an overbought position, which means that the token may see a pullback in the near future. However, other factors must be considered to draw this potential conclusion.
Looking at the MACD indicators, we can see that the previous day’s histogram was 0.6848. Comparing this to the current indicators, we can see that the current histogram is 0.6449. This suggests that the current trend of Aptos is bullish, but the momentum is slowing down.
The volume of Aptos is 4.379M, with a volume moving average of 17.293M. This suggests that the current trading volume is below average. The previous day’s closing price was $12.6477, with a price movement of -4.73%.
In terms of support and resistance levels, the immediate potential support for Aptos is at the fib 0.236 level at $11.87. The next significant support level is $9.7544 to $10.3485 in confluence with the fib 0.382 level at $10.1861. The immediate resistance level for Aptos is the all-time high of $14.5780 posted on January 22.
Despite the Aptos price’s upward momentum, technical indicators point towards a potential short-term correction before the token resumes climbing. APTOS is still projected to remain bullish over both the intermediate and long-term given wider market allowances.
Traders should monitor the support and resistance levels closely, manage risk carefully, and exercise caution when making investment decisions.
You May Want to Wait for Investing in Aptos: Diversify Your Crypto Portfolio While Waiting for Aptos to Recover
As Aptos is currently experiencing a pullback, it may be a good idea for investors to consider diversifying their portfolio by looking into other cryptocurrencies. While Aptos has unique features and potential for growth, it’s important to keep in mind that the crypto market is highly volatile and constantly changing. Investing in multiple coins can help to spread the risk and potentially provide better returns.
There are many other coins and projects that are worth considering, each with their own strengths and potential for growth. A few noteworthy coins worth looking into are MEMAG, FGHT, RIA, and TARO–all launching within the coming months.
Invest in Aptos? Check out Meta Masters Guild (MEMAG) Making Magic
Aptos has begun to pull back and it might be best to wait to put money into the coin, but low cap gems like MEMAG are well worth considering. Meta Masters Guild (MMG) is looking to shake up the gaming industry with its Web3 gaming guild, offering gamers an unprecedented level of engagement and ownership. The company’s mission is to build a sustainable ecosystem for gamers around the globe—not only providing entertainment but also addressing some of today’s most pressing issues in modern gaming.
With MMG’s Gems reward system, players will be able to reap the rewards of their participation in the form of MEMAG cryptocurrency and ownership over in-game assets. Whether they choose to cash out or exchange those earned items or currency into real money or other virtual assets inside the game, the idea is for gamers to have level of freedom when it comes to trading within this expansive gaming ecosystem.
MMG is devoted to cultivating a transparent and equitable atmosphere for all players, leading to an enhanced gaming experience. Their debut title Meta Kart Racers is set to be an exhilarating PVP or solo racing game thoughtfully crafted for mobile play. Many more cutting-edge games that leverage blockchain technology are being integrated into the ecosystem as well.
Investors seem to be excited about MEMAG’s token presale, which has raised over $1.25 million so far in very short order.
Fight Out (FGHT) Fit for Prime Time as Alternative to Aptos Investment
Another alternative to Aptos is FGHT. Fitness enthusiasts and MMA and boxing athletes will soon be able to transform the way they stay active and fit with Fight Out, an ingenious move-to-earn (M2E) fitness app and gym chain that utilizes blockchain technology. Developed by a professional group authenticated by CoinSniper, their M2E platform offers customizable fitness plans to its users along with REPS tokens as rewards when goals are completed.
Fight Out is on a mission to become one of the world’s top fitness brands by constructing revolutionary Web3-powered gyms in prime locations across the globe. Cutting-edge “mirrors” will show members’ profiles, while sensors provide instant feedback during exercises, providing an interactive and enjoyable experience. Joining their ambassador program are some of the biggest names in sports such as Amanda Ribas, Taila Santos from UFC fame and Savannah Marshall.
With a committed team, robust investor support and incentives such as up to 50% bonuses for presale purchases over $50,000, Fight Out is well-positioned to make an immense splash in the years ahead. As of now it has already raised more than $3.38 million in its token presale with growing momentum.
Calvaria (RIA): Low Cap Gem Alternative to Aptos
Large cap coins like Aptos may have seen most of their upside potential, but RIA still has a lot of growth ahead. Soon, strategy gamers will have a chance to try a sophisticated new type of battle card game in Calvaria–an upcoming NFT-based strategy game. Players will be able to develop decks of character cards and devise strategies to conquer adversaries within a captivating afterlife world.
— $CHNG $ALBT $RIO #XRP $RIA (@metaverse_vr007) December 29, 2022
The game will be sure to delight fans of Gods Unchained, Splinterlands, or any other battle card games as it contains all their well-loved features but with some extra surprises. With its 3D graphics, gamers can now immerse themselves more fully in battles through iOS or Android apps on their mobile devices. In addition to intense multiplayer action, there’s also a captivating story mode where you can fight against AI opponents.
Conquerors of Calvaria will be graciously rewarded with eRIA tokens that can then be used to acquire useful items from the game’s peer-to-peer marketplace. With an exhaustive selection of cards at your disposal, you have the opportunity to tailor your strategies and trade any unnecessary characters for more formidable replacements.
To incentivize people to try out cryptocurrency gaming, the game will offer a complimentary starter deck and a free-to-play mode so newcomers can get an idea of how much eRIA currency they would have earned if playing in Play-to-Earn mode, thus drawing them into the gameplay.
With only days left and 4% of its tokens reamining until the presale’s close, Calvaria has already accrued $2.96 million in its presale, with a goal of $ 3 million.
Consider RobotEra (TARO) Before Investing in Aptos
Another Aptos alternative is TARO. World-building enthusiasts should get ready to make their mark on the cutting-edge world of Web3 technology with RobotEra, a brand new metaverse-building game that’s set to launch later this year. Set on the decimated planet of Taro, which has endured a catastrophic event, players will have the opportunity to be an integral part of its rebuild. Players will construct and customize robotic characters and other elements such as buildings and landscapes while rebuilding their own version of Taro.
The next evolution of gaming is here, and it’s #RobotEra
Get access to unlimited possibilities of a metaverse
Whether it's by mining or selling NFTs in the marketplace, you can also profit from playing in our ecosystem
— RobotEra (@robotera_io) January 10, 2023
RobotEra is aiming to offer a smooth, intuitive platform that makes customizing one’s own robots and the world around them a breeze–even if they don’t have any experience with coding. Plus, players can make money from their gameplay by renting out space for ads or hosting events with fees to gain access. This could be a great way to turn your creativity into cash.
RobotEra intends to be among the leading projects to create a tangible product in the metaverse space. The game will feature non-fungible tokens (NFTs), which permit players to make use of land and assets such as structures, objects, and robots. Furthermore, gamers can mine TARO–the primary currency of the game–and even build their own games.
Enthusiastic support has been shown for the game’s token presale from investors, with over $750K raised thus far.
As the Aptos price rally looks like it might be cooling, the above coins offer an alternative to investing in Aptos that could see higher returns in the coming months.
Fight Out - Next 100x Move to Earn Crypto
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- Real-World Community, Gym Chain