{"id":371458,"date":"2023-01-25T15:31:07","date_gmt":"2023-01-25T20:31:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=371458"},"modified":"2023-01-25T15:31:07","modified_gmt":"2023-01-25T20:31:07","slug":"aptos-price-prediction-as-apt-pumps-another-30-taking-monthly-gains-to-365","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/aptos-price-prediction-as-apt-pumps-another-30-taking-monthly-gains-to-365","title":{"rendered":"Aptos Price Prediction as APT Pumps Another 30%, Taking Monthly Gains to 365%"},"content":{"rendered":"

APT, the token that powers new up-and-coming layer-1 blockchain Aptos, stormed another 30% higher on Friday to rise above $16 per token for the first time. Year-to-date gains now stand at a stunning 365%, with the bulk of these gains coming in wake of a volume surge that began back on the 8th<\/sup> of January.<\/p>\n

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APT’s rally has been in part powered by a broader move higher<\/a> in crypto since the start of the month which has, for the most part, been fuelled by macro-optimism<\/a> (for easier monetary policy this year and next). Some analysts have also cited growth in trading volumes on Aptos-based NFT marketplace Topaz<\/a> as boosting interest in the recently launched layer-1 blockchain.<\/p>\n

Unsustainable Rally?<\/strong><\/h2>\n

But aside from this, there doesn’t seem to any other notable fundamental catalysts driving the cryptocurrency higher. As a result, crypto Twitter community members are increasingly skeptical of the sustainability of the gains. According to @Z_Humphries, Aptos is a “new shiny L1 and a lot of the VC money that left Solana could be going here… just a guess”. VC stands for Venture Capital – these are essentially hedge funds that invest in speculative projects in order to make quick money.<\/p>\n

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New shiny L1 and a lot of the VC money that left Solana could be going here… just a guess<\/p>\n

— Zach Humphries (@Z_Humphries) January 23, 2023<\/a><\/p><\/blockquote>\n