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APT, the native token that powers the Aptos blockchain, has been surging in the last two days. Since the beginning of the week, APT/USD has surged more than 40%, taking its gains since the late December record lows just above $3.0 per token to over 80%. Price predictions are thus bullish.
APT/USD was last changing hands around $5.6, with the cryptocurrency having burst to the north of resistance in the form of the early December highs near $5.50. APT bulls are now eyeing a test of the next major area of resistance $6.70 in the form of the 19th of October low.
Price Prediction – Where Next For APT?
APT’s recent upside was seemingly triggered by a breakout above a downtrend that had been suppressing the price action going all the way back to when the token first began trading on exchanges back in October. This breakout began earlier this month, but only really gained traction in the last two days amid a broader uptick in cryptocurrency market sentiment, perhaps as traders bet that a weakening US economic outlook will deter the US Federal Reserve from getting too aggressive with its monetary tightening in 2023.
Either way, APT has been able to hit its first bullish target, the early December high in the $5.50 area. If it can muster a sustained break above this level, which it hasn’t been able to just yet, then that could open the door to a test of resistance at $6.70 then of the record highs in the $10.30 area. That would mark a further 85% rally from current levels.
APT Unlock a Headwind?
APT’s rally comes one day ahead of a major token unlock, which some traders think could be a near-term headwind to further price appreciation. According to TokenUnlocks, only just over 139 million of the total supply of 1 billion APT tokens are currently unlocked, or close to 14%.
However, in just over one day, another 4.5 million tokens (0.45% of the total supply) will be released, with 3.21 million going to the community and 1.33 million going to the Aptos blockchain foundation. The fear is that this might create selling pressure that could weigh on APT’s near-term price as community members and the foundation cash in.
In terms of the Aptos token vesting schedule, APT will be gradual released for most of the rest of the year. But the speed of APT “inflation” will increase rapidly in November, when investors and core contributors also start getting their hands on locked tokens.
Altcoins to Consider
With cryptocurrency markets generally having performed poorly in recent weeks, investors might be looking to diversify their holdings with the discounted presale tokens of some promising, up-and-coming crypto projects. Here is a list of a few that analysts at InsideBitcoins think have the potential to perform well.
FightOut (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. FightOut, which touts itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part. FightOut seeks to combine the physical and web3 worlds.
The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.
The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT.
FGHT can also be used in peer-to-peer fitness wagers. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.8 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Over-funding Round About to End, CEX Listing Imminent
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with a host of unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool.
Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token presale that was originally supposed to have ended a few days ago, but has been continued due to massive token demand.
The raise total recently surpassed a massive $14.2 million, with the token set to be listed on its first centralized cryptocurrency exchange, Gate.io, in just one day. Investors should thus move quickly to secure tokens before the volatility begins. Tokens are currently selling for $0.0533 each.
Investors should also note that Gate.io will also be conducting a D2T token airdrop worth $120,000. Users can sign up for the airdrop here.
https://t.co/a1d9vDe5GZ #Startup Initial Free Offering: #D2T @dash2_trade
🗓️ Subscription: 07:00 AM, Jan 10-Jan 11 (UTC)
💰Airdrop Value: $120,000Claim NOW: https://t.co/mJiKLMj7L3#gateiostartup #Gateio #Airdrop #launchpad pic.twitter.com/0JfVwH5NGb
— Gate Startup (@Gateio_Startup) January 9, 2023
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale this will have risen by 80%. Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised nearly $240,000 in just a few weeks since the presale launch.
Investors should note that remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
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