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- The APT token was trading at $9.75 up 36% with last week’s low od $6.75
- The token was trading around $9 on the coinbase,SAYS Riyad Carey who is research analyst
- ON first day of its trading the token quickly came down below $7 and struggled as community critism over the number of APT tokens held by private investors
Aptos which is a layer-One blockchain developed by Aptos Labs. The APT tokens were trading at $9.17 , up 36% compared with last week’s low of $6.75 according to the data. At that pace of recovery it’s fast approaching the $12 price where it launched on multiple exchanges, based on the data from Riyad Carey, who is a research analyst at crypto data firm Kaiko.
The token was trading around $9 on the coinbase, Huobi, FTX and Binance crypto exchange in the early hours following the Oct 19 launch. Riyad carey said that
“I certainly think it’s possible that APT could rally above the open price, especially if crypto continues to outperform equities and if Aptos is able to generate some activity, whether in DeFi or NFTs,”
Carrey also said that on the first day of its trading the token quickly came down below $7 and struggled as community criticism over the number of APT tokens which were held by private investors and developers mounted .
Aptos is a layer-1, proof-of-stake blockchain that claims to have solved the major issues faced by other crypto networks. Another thing that makes Aptos unique is its programming language . The blockchain is developed using a Rust-based programming language which is known as MOVE. The particular programming language enables fast as well as secure transactions execution with focus on security.
Aptos is one such blockchain which aims to be scalable, which means that it won’t slow down when it gets busier which will directly save the money and time of the users not only that it is more reliable and secure that other blockchains.
According to CoinArbitrageBot it first thought that things could go pretty well when it came to making its APT price prediction. The site also said that while the coin’s price could drop to a little under $ 6.99 by the middle of the november 2022 there could be recovery that would see it trade at just below $8.11 in 2023
The site also said that by 2024 Aptos could be worth somewhere approaching $15.75 , while it went on to make an Aptos price prediction for 2025 of a little under $25.48 before suggesting the crypto worth $41.22 in 2026
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
