The Aptos price has jumped by 6.5% in the past 24 hours, with its surge to $5.48 coming as the market as a whole drops by 1% today.
APT is now up by 4.5% in the past week, while remaining down by 4% in the last 30 days and by 72% since reaching an all-time high of $19.92 in January of this year.
But with SushiSwap integrating with Aptos this month, and with the layer-one chain continuing to experience steady growth, it’s likely that APT will continue to recover over the coming weeks.
APT Price Prediction as APTOS Heads Back Toward September High – Big Surge Imminent?
APT’s rally today has been long overdue, given just how oversold the altcoin had been in recent weeks.
Its relative strength index (purple) had remained below 40 (if not lower) since the middle of August, yet this past weekend it has climbed beyond 50, in a sign of growing momentum that could persist for several more days yet.
That APT has plenty of room to rise further (before becoming overbought) is also indicated by its 30-day moving average, which is still a long way below its 200-day average (blue), meaning that it’s still very much in oversold and undervalued territory.
Yet it’s clear that the coin had definitely bottomed out prior to today’s movement, with its support level now rising steadily.
As such, now really looks like a good time to buy APT, which could potentially return to $5.75 or higher before its current rally slows down in the shorter term.
Aptos is rising now largely because of two things, with the first simply being that it had been undervalued for a while.
Yet it’s also worth acknowledging that Aptos has been expanding as a platform, with its most significant piece of recent news being SushiSwap’s integration with its network.
This marks SushiSwap’s first integration with a non-Ethereum-compatible chain, something which can be taken as a sign of confidence in Aptos, which launched in October 2022 out of the ashes of Facebook/Meta’s doomed Libra/Diem project.
Another significant piece of recent Aptos news relates to Upbit, the biggest crypto-exchange in South Korea, which mistakenly counted fake APT tokens as the real deal over the weekend.
It had to pause withdrawals and deposits in APT as it wrestled with this problem, yet it has now opened them up again as it seeks refunds from users who sold the fake Aptos tokens.
It’s hard to say how this may have benefitted APT’s price, yet the fact that the latter has surged since the incident may suggest that the market is relieved it has been resolved.
Regardless, Aptos’ steady growth as a platform points to future gains for APT, which can be expected to reach $6 by the end of the year.
New High-Potential Presale Tokens
While APT looks as though it’s ready to make up for recent losses, its recovery may depend on improvements to overall market sentiment, which has struggled for consistency this year.
For this reason, any gains may be gradual over the next few months, so traders looking for above-average gains in the shorter term may have to look elsewhere.
Presales tokens provide one good source of market-beating gains at the moment, with Bitcoin BSC (BTCBSC) – new a BNB Chain-based cryptocurrency – being one of the most promising.
Offering a stakeable version of bitcoin, BTCBSC has raised over $4.8 million since kicking off its sale at the beginning of September.
Much like Bitcoin itself, Bitcoin BSC will have a hard cap of 21 million tokens, a feature which should make it deflationary.
Interestingly, BTCBSC will also sell during its presale at $0.99, a price that the original Bitcoin last had way back in 2011.
In other words, investors are being drawn to Bitcoin BSC by the opportunity to make up for having missed out on BTC the first time around.
6.125 million Bitcoin BSC will be up for grabs during the presale, with the rest being reserved for staking rewards.
This means that holders will be able to earn a passive income from the token, with interested parties able to grab some early by going to the official Bitcoin BSC website and connecting their software wallets.
BNB Smart Chain DEX will be the first trading platform to list Bitcoin BSC once its sale ends, and from there other exchanges are likely to add their support, pushing the new token well beyond its sale price of $0.99.
Visit Bitcoin BSC Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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