{"id":429729,"date":"2023-08-14T14:13:21","date_gmt":"2023-08-14T14:13:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=429729"},"modified":"2023-08-14T14:13:21","modified_gmt":"2023-08-14T14:13:21","slug":"aptos-price-prediction-apt-crash-possible-while-analysts-turn-eyes-to-a-prominent-contender","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/aptos-price-prediction-apt-crash-possible-while-analysts-turn-eyes-to-a-prominent-contender","title":{"rendered":"Aptos Price Prediction: APT Crash Possible While Analysts Turn Eyes to a Prominent Contender"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Multiple factors are responsible for the fluctuations and movements in <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/aptos\"><span style=\"font-weight: 400;\">Aptos price<\/span><\/a><span style=\"font-weight: 400;\">. For instance, The TVLs of prominent Layer 1 blockchain networks like Ethereum (ETH), BNB Chain (BNB), and Cardano (ADA) have recently declined.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This trend could result from <\/span><span style=\"font-weight: 400;\">Curve&rsquo;s hack<\/span><span style=\"font-weight: 400;\">, which raised concerns of a potential domino effect impacting the broader DeFi ecosystem. <\/span><span style=\"font-weight: 400;\">Moreover, the global crypto market cap is down in the past 24 hours. Major coins such as BTC and many amongst the top 20 show price losses today, August 14.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Total Value Locked (TVL) in <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> DeFi has fallen by almost 8% since Sunday. The decline, likely triggered by the uncertainty following the <a href=\"https:\/\/twitter.com\/hashtag\/Curve?src=hash&amp;ref_src=twsrc%5Etfw\">#Curve<\/a> attack, represents a sharp decrease. To put this in context, the decrease amounts to $3.55B, with Curve's TVL on ETH comprising&hellip; <a href=\"https:\/\/t.co\/lZXWwvBfWQ\">pic.twitter.com\/lZXWwvBfWQ<\/a><\/p>\n<p>&mdash; IntoTheBlock (@intotheblock) <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1686359219459518464?ref_src=twsrc%5Etfw\">August 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">These same factors could have impacted the price of Aptos, given its inability to make notable price growth in the past 24 hours.<\/span><\/p>\n<h2>Aptos Market Bleeds Out Previous Gains<\/h2>\n<p><span style=\"font-weight: 400;\">Aptos has given up a significant portion of its gains over the past four days. Its trading price is $7.09 at 09:43 am EST, indicating a decline of 2% in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the token has also shown strength over the past seven days, displaying more than 6% growth. <\/span><span style=\"font-weight: 400;\">Moreover, Aptos trading activity over the past 24 hours has been positive, projecting a surge of nearly 13%. The total trading volume now stands at over $96.6 million.<\/span><\/p>\n<h3>APT Remains Continues Consolidation State<\/h3>\n<p><img decoding=\"async\" class=\"wp-image-429740 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-14-at-6.36.15-PM-1024x462.png\" alt=\"Aptos\" width=\"997\" height=\"450\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-14-at-6.36.15-PM-1024x462.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-14-at-6.36.15-PM-300x135.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-14-at-6.36.15-PM-768x347.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-14-at-6.36.15-PM.png 1230w\" sizes=\"(max-width: 997px) 100vw, 997px\"><\/p>\n<p><span style=\"font-weight: 400;\">Aptos price has been moving narrowly and sideways over the past five days. However, bears have shown more strength within this period. <\/span><span style=\"font-weight: 400;\">The token has been attempting to break past the 50-day resistance over the same period but failing to beat the pressure from sellers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even after the few vivid green bars created on the histogram, it&rsquo;s now forming the second fainting bar today, mirroring a weakness from buyers. <\/span><span style=\"font-weight: 400;\">More so, the token&rsquo;s price fell from a critical resistance position of around $7.8453 five days back and has failed to make any progress to this point afterward.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it&rsquo;s worth noting that Apto&rsquo;s price has been stable regardless of the bears&rsquo; dominance on the market. The RSI reveals this balance, standing at 50.38.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, the market projects higher chances for a dip than a rise. Should sellers possess the market any further, Aptos could see its price dip to the next support level of $6.6277.<\/span><\/p>\n<h3>What Could Impact Aptos Price?<\/h3>\n<p><span style=\"font-weight: 400;\">A notable event occurred on August 9 when Aptos unveiled a strategic alliance with the tech behemoth Microsoft. This development instigated a swift and substantial 10% surge in APT&rsquo;s price within a single trading day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the altcoin&rsquo;s subsequent trajectory witnessed a substantial retracement of these gains over the past four days.&nbsp;<\/span><span style=\"font-weight: 400;\">This depreciation can be linked to a decline in accumulation following the brief surge on August 9.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This adjustment is evident in the southward movement of key momentum indicators on the D1 chart, implying a reduction in APT accumulation among this group of traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, it&rsquo;s worth noting that substantial selloffs have ceased, and the token could respond to the changes over the next few days.<\/span><\/p>\n<h3>Aptos Alternative &ndash; Wall Street Memes<\/h3>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Wall Street Memes<\/span><\/a><span style=\"font-weight: 400;\"> burst onto the scene over a month ago, initiating its presale campaign with remarkable momentum. <\/span><span style=\"font-weight: 400;\">This initiative has amassed a substantial funding pool of over $23.7 million, underscoring its robust appeal in crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rooted in the ethos of community-driven engagement, <\/span><span style=\"font-weight: 400;\">Wall Street Memes<\/span><span style=\"font-weight: 400;\"> has established itself as a thriving crypto community that leverages the potency of memes across platforms like X and various social media channels.<\/span><\/p>\n<p><iframe title=\"Wall Street Memes Crypto Presale Hits Stage 28 - Next 10x Meme Crypto?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/uNlnouTUxaI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">This innovative approach has captivated the audience and significantly fostered an actively engaged community.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The buzz generated by Wall Street Memes&rsquo; online presence and the endorsement from influential figures like Musk have collectively fueled the momentum of its presale campaign.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cryptocurrency experts and analysts are keenly observing the unfolding trajectory of Wall Street Memes, and their insights are compelling.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The prevailing sentiment is that once this promising venture is introduced to cryptocurrency exchanges, its potential for exponential growth becomes even more apparent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, some experts predict that Wall Street Memes could surge tenfold in value once it gains access to these trading platforms, further enhancing its allure and market impact. <\/span><span style=\"font-weight: 400;\">Interested investors <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400;\">can visit the site<\/span><\/a><span style=\"font-weight: 400;\"> and buy WSM with a supported <a href=\"https:\/\/insidebitcoins.com\/news\/top-trending-crypto-coins-on-dextools-solana-x-com-gho\">crypto<\/a> asset or bank card.<\/span><\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ripples-market-stance-weakens-xrp-in-a-range-but-new-contender-btc20-is-making-waves-heres-the-scoop\">Ripple&rsquo;s Market Stance Weakens: XRP In a Range, but New Contender BTC20 is Making Waves &ndash; Here&rsquo;s the Scoop<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-price-prediction-xrp-rockets-but-have-you-seen-the-potential-of-xrp20-yet\">Ripple Price Prediction: XRP Rockets, But Have You Seen the Potential of XRP20 Yet?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-wall-street-memes\">How to Buy Wall Street Memes &ndash; WSM Token Presale<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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For instance, The TVLs of prominent Layer 1 blockchain networks like Ethereum (ETH), <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1939,"featured_media":356072,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[13421,7598],"class_list":["post-429729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-aptos","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aptos Price Prediction: APT Crash Possible While Analysts Turn Eyes to a Prominent Contender<\/title>\n<meta name=\"description\" content=\"Multiple factors are responsible for the fluctuations and movements in Aptos price. For instance, The TVLs of prominent Layer 1 blockchain networks like\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aptos Price Prediction: APT Crash Possible While Analysts Turn Eyes to a Prominent Contender\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-14T14:13:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/aptos-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"764\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ali Pakima\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Pakima\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729\"},\"author\":{\"name\":\"Ali Pakima\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7bf595380e7efbae3c1f328c786b6c09\"},\"headline\":\"Aptos Price Prediction: APT Crash Possible While Analysts Turn Eyes to a Prominent Contender\",\"datePublished\":\"2023-08-14T14:13:21+00:00\",\"dateModified\":\"2023-08-14T14:13:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729\"},\"wordCount\":740,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/aptos-1.png\",\"keywords\":[\"Aptos\",\"Crypto\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729\",\"name\":\"Aptos Price Prediction: APT Crash Possible While Analysts Turn Eyes to a Prominent Contender\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/429729#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/aptos-1.png\",\"datePublished\":\"2023-08-14T14:13:21+00:00\",\"dateModified\":\"2023-08-14T14:13:21+00:00\",\"description\":\"Multiple factors are responsible for the fluctuations and movements in Aptos price. 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