Performance in the Last 12 Months, June 8th
- Last 5 Days: -13.8%, Underperformer*
- Last 1 Month: -16.3%, Underperformer
- Last 6 Months: +73.5%, Outperformer
- Last 12 Months: +5.1%, Underperformer
Aptos Price for the Next few Hours will be in the range of 7.4 and 7.4
- The moving averages indicate a strong sell signal as most periods (MA5, MA10, MA20, MA50, MA100, MA200) suggest a strong sell signal.
- The Relative Strength Index (RSI) with a period of 14 is currently at 33.82, indicating a neutral signal.
- The Stochastic RSI (STOCH RSI) with a period of 14 is currently at 11.74, suggesting a buy signal.
- The Moving Average Convergence Divergence (MACD) with parameters 12 and 26 is currently at -0.26, signaling a sell.
- The MOM(10) is at -0.27, indicating a buy signal. This suggests that the market is in a bullish phase.
Overall, Aptos analysis is neutral. And technical indicators indicate sell sentiment.
Aptos positions itself as a technologically superior and developer-friendly blockchain, having received $350 million in funding from companies like Binance, FTX, Andreessen Horowitz, Multicoin Capital, and Circle Ventures. With its advanced capabilities, Aptos offers various use cases for the blockchain, including tokenized securities, efficient asset management, and DeFi and NFT projects.
The Aptos blockchain network offers fast and secure transaction execution through its use of the Move language. Aptos provides flexible key management, transaction pre-execution, and other advanced security features to ensure a safe user experience. Additionally, Aptos achieves high throughput and low latency through its parallel and modular transaction processing pipeline.
APT is the native token of Aptos platform and the token can be used in various ways within the Aptos platform, including:
- APT token holders can stake their tokens to earn rewards in the form of additional APT tokens.
- APT token holders can use their tokens to participate in the governance of the Aptos platform by voting on proposals and decisions related to the platform’s development and direction.
- APT tokens can be used as collateral for borrowing other cryptocurrencies or stablecoins on the Aptos platform, and they can also be lent to other users for interest.
- These tokens can be bought and sold on cryptocurrency exchanges, allowing users to speculate on the value of the token or trade it for other cryptocurrencies or fiat currencies.
One of the significant advantages of Aptos is its support for atomicity, allowing for complex transactions and instant upgrades through its on-chain change management protocols. The network also features transaction pre-execution and replay protection, which protects users from potential security threats.
The Aptos network supports tokenized securities, including shares, bonds, and real estate, which increases the accessibility and liquidity of these assets. With a TPS of 160,000, the usability of Aptos is not limited by low throughput. Aptos also allows for the efficient management of tokenized assets, such as the administration of voting rights, dividends, and other corporate actions.
Moreover, Aptos has more than 100 projects built on its network, covering areas like DeFi and NFTs. The network has a DeFi TVL of $61 million, ranking 31st, and achieving this in just two months is a remarkable feat considering other blockchains like Cardano with a TVL of $103 million.
Aptos Labs has launched Quorum Store, the first implementation of Narwhal, which improves consensus throughput by eliminating the leader bottleneck. Quorum Store decouples data dissemination from metadata ordering, allowing validators to disseminate data asynchronously and in parallel. Stress tests show improvements in throughput, with a 12x increase in consensus-only tests and a 3x increase in end-to-end processing. The implementation was tested in a decentralized network and achieved low latency, high throughput, and healthy gas market fees. Quorum Store also enables horizontal scalability, and the protocol includes mechanisms for proof of availability, load balancing, backpressure, memory caching, quota enforcement and garbage collection.
Is Aptos better than Ethereum?
Aptos’s delegated proof-of-stake (DPoS) consensus mechanism is said to provide faster and more secure transaction validation due to a smaller group of validators compared to PoS. DPoS voting is also more democratic because it is not dependent on the number of tokens owned.
Aptos’ sharding technology divides the network into smaller partitions called “shards,” which can process transactions independently. Aptos sharding also allows for better error recovery in the case of a network fault or failure.
Overall, Aptos’ sharding technology, DPoS consensus mechanism, and smart contract language give it an edge over Ethereum in terms of scalability, efficiency, and fault tolerance. This makes Aptos a more attractive option for businesses and developers looking to create decentralized applications and smart contracts.
Aptos x MoonPay
Aptos partners with MoonPay for the new Petra wallet, which allows users to join the Aptos network by making payments directly through Apple pay, Google pay, and major credit and debit cards.
Aptos x NPIXEL
Aptos partners with NPIXEL, a Triple-A gaming studio based in Korea that has produced Titles like Gran Saga and Chrono Odyssey. The reliable Aptos network powers the NPIXEL’s metaverse project Metapixel.
Aptos x Google Cloud
Aptos and Google Cloud partnered together to support web3 builders, and web3 startups and work towards creating a more relevant and better web3 experience.
In Sum, Aptos is a promising blockchain network with advanced capabilities, making it an excellent choice for developers and users alike. Aptos’s Facebook lineage makes it strong in Marketing but the blockchain is far more centralized than many other blockchains. Considering these factors, Aptos is a Good Case for investment.
To reach 1000 dollars, Aptos will need to rise 62x from current levels. At 1000 dollars, Aptos will reach a market cap of $62 Billion. At a rate of 50% per annum, it would take Aptos 11 years to reach $1000. Lastly, Aptos has had tremendous momentum not just from a price angle but also on NFT and DeFi.
Considering all the factors, Aptos has a moderate chance to reach 1000 dollars.
To reach 100 dollars, Aptos will need to rise 6x from current levels. At 100 dollars, Aptos will reach a market cap of $6.2 Billion. At a rate of 50% per annum, it would take Aptos 5 years to reach $100.
Considering all the factors, Aptos has an excellent chance to reach 100 dollars.
- Aptos Price Prediction 2023 is $16.9
- Aptos Price Prediction 2025 is $43.0
- Aptos Price Prediction 2030 is $248
Solana is a high-performance blockchain platform designed for building decentralized applications (dApps) and is known for its fast transaction processing times, low fees, and high scalability.
Aptos, on the other hand, is a decentralized P2P lending and borrowing platform that allows users to access liquidity and earn interest on their assets. It has its own unique features and use cases that set it apart from other cryptocurrencies.
Note that Aptos (APT) and Solana (SOL) are different cryptocurrencies with distinct features and use cases. Here are some of the main differences between the two:
- Use Case: Aptos is a decentralized P2P lending and borrowing platform that enables users to access liquidity and earn interest on their assets. In contrast, Solana is a high-performance blockchain platform designed for building decentralized applications (dApps).
- Technology: Solana uses a unique consensus mechanism called Proof of History (PoH). While Aptos uses the Ethereum blockchain as its underlying technology and leverages smart contracts for executing lending and borrowing transactions.
- Market Capitalization: Solana has a significantly higher market capitalization than Aptos, making it one of the most valuable cryptocurrencies in the market.
The following mentioned are some potential advantages of Aptos over Solana:
- Aptos is specifically designed for P2P lending and borrowing, which is a significant use case in the decentralized finance (DeFi) space.
- Aptos is built on the Ethereum blockchain, which is the most widely used blockchain platform for DeFi applications. This means that Aptos can benefit from the existing Ethereum developer community, tools, and infrastructure.
- While Solana is known for its low transaction fees, Aptos has the potential to offer even lower fees for P2P lending and borrowing transactions due to its use of the Ethereum network.
However, it’s challenging to say with certainty whether Aptos can beat Solana or not. Still, both have their own unique features and use cases, and it’s possible for both to coexist and succeed in their respective niches.