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- Aptos has seen a strong surge in volume of approximately 585% in the past 24 hours.
- Technical indicators of APT are favoring an upside move. APT/BTC pair has seen a surge of 35% in the intraday session
Aptos is a layer 1 blockchain based on the POS mechanism. It employs a novel smart contract programming language called MOVE which is a RUST based programming language. Aptos is also called SOLANA killer and is rising to a new high.There are currently 102 Nodes in the APT blockchain and is distributed in 23 countries. Meanwhile users ‘ transactions has seen a rise from 83055 to 153557 in just a day time.Transaction per second has also seen a significant rise in the past few days. Gas consumption and Deployed contracts has also observed a strong rise in just 1 day. Aptos has less smart contracts and Nodes in comparison to Solana. Despite that investors are showing a strong support for the crypto
APTOS is currently ranked 55th in the cryptoverse and has a market cap of $742 million. Volume of the APT has seen a rise of 585% in the intraday session. Volume to market cap of the APT suggests a strong rise in the price.
Technical Indicators Are Favoring APT
The weekly technical chart of the APTOS suggests a rise in price. The consolidation of the APT coin has come to an end. It is currently trading near $5.71 with a gain of more than 36%. Resistance of the APT can be seen near $8. The support of the coin can be seen near $4. The asset price is currently trading above the 50 Daily Moving Average. It has seen a strong positive crossover. On the 4 hour chart it has seen a strong rise with the strong bullish engulfing candle.
Conclusion
The solana killer APT has been in a strong rise and is looking to hit a new high. APT coin is currently in a strong upside trend and is looking to move for a new high.
Technical Levels
Major support:$4
Major Resistance: $8
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
