The price of aptos has fallen by 2% in the last 24 hours, falling to $13.12 today after a very strong weekend for the layer-a token. Its current price shows a healthy growth of 61% in one week and an astonishing 250% jump in the last 30 days, making APT the best performing top-100 coin in these periods.
However, as strong as APT’s performance has been over the past few weeks, it doesn’t necessarily make it the best performing coin of the year. This accolade could go to a variety of new altcoins, which are currently holding their respective presales and which could yield huge gains once listed, given their promising fundamentals.
Aptos price explodes
APT’s chart shows the extent to which the new altcoin has really taken off over the past few weeks. Notably, its 30-day moving average (red) has completely eclipsed its 200-day (blue), providing another illustration of the now obvious fact that APT has enjoyed a major breakout rally. have taken.
The thing is, with its 30-day average now so high, it’s possible that it’s about to experience a much-needed correction. This skepticism is reinforced by its Relative Strength Index (purple), which has steadily declined from touching 90 towards 50, and may fall further.
Despite the timing of APT’s inevitable collapse, it arguably remains a strong altcoin in terms of its fundamentals. Born out of the disruptive digital currency project Meta (it uses the same MOVE programming language), it was launched in October 2022, when it hit an all-time high of $13.73.
given the pedigree behind the project, and that Aptos has raised millions of dollars in venture capital, many investors are counting on its long-term success. In theory, the Move language makes Aptos highly scalable, although it has yet to achieve a significant rate of adoption or use.
In fact, some observers have disputed whether it is really all that it claims to be. For example, its developers have said it can achieve 100,000 transactions per second, yet its launch saw around four TPS with this figure. rising up to 27 tps In later days, well below its theoretical limit.
Perhaps more damagingly, APT has been criticized for its highly centralized token distribution. 80% of the total supply of one billion tokens is currently at stake, which indicates that the bulk of its supply is going to insiders rather than the market or the wider community of users.
In response to such criticisms, Aptos Actual distribution analysis released49% will go to its main contributors, the Aptos Foundation and private investors. The remaining 51% is earmarked for its ‘community’, but here too, that means developers.
Thus, Aptos looks like a fairly centralized cryptocurrency, and it may struggle to earn the full trust of the wider cryptocurrency community. Still, it’s had a pretty good few weeks, potentially indicating that the market is warming up to it.
Should you invest in Aptos now?
Given that APT is nearing the peak of its recent rally, it could be on the verge of turning bearish. Thus, investors may prefer to hold off on buying the altcoin until it corrects and reaches the bottom, meanwhile looking for alternatives.
In particular, token pre-sales offer some of the strongest opportunities to make big profits even during a bear market. This was highlighted, for example, by Tamadoge (TAMA) Up to 1,800% increase from its pre-sale price last yearWhen it was listed on OKX in October.
With that in mind, we’ve picked out three of the most promising token sales happening right now. Each of these include coins with strong fundamentals, talented teams, and clear roadmaps, giving each a strong chance of success.
Meta Masters Guild (MEMAG)
After raising over $1.2 million in its pre-sale, meta masters guild is a play-to-earn gaming platform that is becoming increasingly popular among investors. In fact, its second phase of sale has just been sold out, with the selling price of its MEMAG token rising from $0.01 to $0.016.
Is going to launch its first game – Meta Kart Racers in the third quarter of 2023. Its native token, MEMAG, will be used for governance purposes as well as for staking and purchasing items and NFTs.
Visit the Meta Masters Guild now
Fight Out (FGHT)
to fight (FGHT) is a move-to-earn platform that will blend real-life workouts with Web3 when it launches in the second quarter of the year. Aiming to take the monetization field further, it will track a wide range of workouts and activities including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at various gyms around the world .
Its token sale opened in December and has already raised over $3.2 million, with 1 FGHT currently selling for $0.0166. The sale is due to end on March 31, with exchange listings from April 5, when the coin will potentially generate some returns in the market for early investors.
C+ charge (CCHg)
running on the BNB chain, c+ charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations. Having raised just over $370,000 in its pre-sale, it aims to use blockchain and crypto to democratize access to carbon credits, allowing its parent CCHG to be paid by EV owners to charge their vehicles. is set up to be used within your network.
C+Charge will reward users with NFT-based carbon credits for charging their EVs at its stations, thereby incentivizing people to go green. has also signed a partnership with flowcarbon And with Perfect Solutions Turkey, adding 20% of EV chargers in Turkey to its network.
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