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Aptos price is up 98% in just two weeks after hitting rock bottom at $3.062. Over the last 24 hours, APT’s value increased by 22%, propelling its weekly cumulative gains to 72%. If bulls hold tight, Aptos could soon reach its all-time high of $13.73 and possibly set another record.
Why Aptos Price Recovery May Be Unstoppable
Since late December, the Layer-1 protocol powering Web3 applications has performed exceptionally well, with gains exceeding 120%. Aptos ecosystem, although new, is often referred to as the ‘Solana Killer.’ Following its launch in October last year, APT exploded and hit an all-time high of $13.73.
However, investors started to cash out soon after, forcing Aptos price to snap out of its rally. Declines were virtually unstoppable – and intensified in mid-December amid a widespread crypto sell-off.
Aptos price now exchanges hands at $6.73 while sitting on top of all the major moving averages applied to the eight-hour time frame chart. The 50-day Exponential Moving Average (EMA) (in red) holds the ground at $4.51, while the 100-day EMA (in blue) sits at $4.39.
The longer-term 200-day EMA (in purple) is in line to provide support to APT at $4.95. Traders are confident that Aptos price will carry on with the uptrend in the coming days and weeks.
The biggest task for the bulls is to push past resistance at $7.00 now that a breakout has been confirmed above two falling trendlines, as observed on the chart. This seller congestion around $7.00 would determine the direction Aptos price takes next.
A daily close above that hurdle might boost Aptos to close the gap to $10.00, thus bringing its all-time high in sight. On the other hand, investors could sell as they book early profits beneath $7.00, which could stifle growth and open the door to declines that might retest support at $5.50.
If investors sell in droves, Aptos price will extend the down leg to the 200-day EMA and the 50-day EMA, respectively.
Aptos Price Recovery Continues in Tandem with Network Development
The co-founder of Aptos, Mo Shaikh, recently assured the community that a lot of innovation was coming to the ‘Solana Killer’ project in 2023. Shaikh was speaking in an interview hosted by crypto influencer Scott Melker. He opined that the decentralized finance (DeFi) sector would receive the biggest boost in 2023.
“There’s some cool DeFi stuff that’s going to be coming live soon that takes advantage of things like Move and parallel transaction processing. Central limit order books, AMMs (automated market makers), and DEXes (decentralized exchanges) will be cool things to keep an eye on Aptos.
That’ll be step changes in innovation relative to everything we’ve seen in the previous generation of blockchain. So, we’re looking forward to all that,” Shaikh laid out his expectations for the network.
Aptos, the blockchain protocol built to advance Meta’s abandoned project Diem, aims to connect billions of users, making it attractive to large entities.
“The other thing that we were focused on was, well, it was kind of frustrating to hear the large companies talk about Web3, but not really do anything. And partly that was because, ‘well, we’re going to do a little pilot and do some testing here, but we know that this stuff doesn’t really work for millions of people. And so, we’re not risking bringing all our users to these layer twos or layer ones,” Aptos CEO explained further.
Alternative Altcoins to Considers for Quicker Returns
While the recent Aptos price rally may have caused some investors to pause, those who invest in key presales selling out fast can reap larger rewards. These tokens are backed by technologies that have real-world applications and the potential to shape the future of the cryptocurrency industry. By becoming early adopters of these up-and-coming altcoins, investors open the door to significant returns when they are listed on exchanges for the first time.
Meta Masters Guild (MEMAG)
The Meta Masters Guild (MMG) is the first global organization focused on mobile web3 gaming. The team’s primary goal is to create exceptional blockchain-enabled mobile games that establish a decentralized gaming environment, allowing members to earn rewards for sustainably participating in the ecosystem.
All games within this new ecosystem will utilize a single currency, the Meta Masters Guild token ($MEMAG). The games developed by MMG will offer in-game incentives referred to as ‘Gems’ that can be exchanged for MEMAG tokens. Players will then have the option to redeem or reinvest these tokens in various ways within the ecosystem.
The ecosystem is designed to incentivize players to invest their time and funds by ensuring fair compensation, a crucial gaming aspect.
Players can expect two upcoming games: Kart Racers, a PVP racing game optimized for mobile devices, and Raid NFT, a turn-based fighting game where players select warrior assets and engage in battles in various hostile environments.
At Meta Masters, we are firmly committed to sustainable earning mechanisms. It's the only way☄️
Long-term viability before vertical growth, and we will consider this philosophy in everything we do ✍️
This sysytem is what we call Play AND Earn 💸 #masterthemetaverse ⚡️ pic.twitter.com/uvXjmni1pO
— Meta Masters Guild Games (MEMAGX) (@MEMAGgames) September 15, 2022
Another game, Meta Masters World, will cater to the metaverse and offer players the chance to explore an expansive virtual world akin to an open-world game but with less structure. In this game, players will have full autonomy to collect resources and participate in competitions for rewards.
Investors can buy MEMAG in an ongoing presale that has already raised $126k, selling one token for 0.007 USDT.
FightOut (FGHT)
With the fitness industry transitioning from traditional platforms to decentralized ones, it can be difficult for investors to determine which projects have the most potential. However, FightOut stands out from the rest.
This cutting-edge Move-to-Earn (M2E) project aims to make healthy, active lifestyles available to all, regardless of their objectives, capabilities, or financial situation. The team at FightOut holds the belief that fitness should be a rewarding experience and not a costly one.
To achieve this, FightOut is developing a gamified fitness app and gym chain that will allow users to earn the FGHT token by completing workouts and challenges. This ecosystem will also track users’ progress and provide personalized training plans, eliminating the need for expensive personal trainers.
The FightOut presale is currently in progress and has generated $2.9 million by selling 1 FGHT for 1 USDT. Investors can take advantage of a 50% bonus when buying FGHT, but this offer is only valid until the presale reaches the $5 million mark.
Take advantage of it; visit FightOut now.
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- Meta Masters Guild $MEMAG NEW Crypto Presale – Fastest Growing Play to Earn Cryptocurrency? – YouTube
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