{"id":31301,"date":"2023-07-04T12:41:41","date_gmt":"2023-07-04T16:41:41","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/300-million-trading-volume-sends-apt-soaring-are-whales-buying\/"},"modified":"2023-07-04T12:41:43","modified_gmt":"2023-07-04T16:41:43","slug":"300-million-trading-volume-sends-apt-soaring-are-whales-buying","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31301","title":{"rendered":"$300 Million Trading Volume Sends APT Soaring \u2013 Are Whales Buying?"},"content":{"rendered":"
\n

Aptos (APTO), the cryptocurrency that powers the newly launched Aptos layer-1 blockchain protocol, is enjoying a pop higher on Tuesday amid a surge in trading volumes.<\/p>\n

As per CoinGecko, APTO trading volumes were around $300 million in the last 24 hours, impressive for a cryptocurrency with a market cap of only around $1.67 billion.<\/p>\n

APTO was last up around 6% on the day and trading near $8.0 per token, having enjoyed some short-term technical bullish momentum following a breakout above a downtrend that had been in play since mid-April and the 50DMA.<\/p>\n

Helping spur the upside is the continued strong performance of the likes of bitcoin (BTC) and ether (ETH), as well as rising Aptos network transactions.<\/p>\n

As per the official Aptos blockchain explorer, there were 230,000 transactions on Monday, up around 70,000 versus this time one month ago.<\/p>\n

That could suggest heightened whale activity on the blockchain and at the very least implies rising utilization, which is bullish for the APTO price.<\/p>\n

Price Prediction \u2013 Where Next for Aptos (APTO)?<\/strong><\/h2>\n

With APTO now above its downtrend from the April highs and its 50DMA, price predictions have become more bullish.<\/p>\n

Bulls are targeting a retest of support-turned-resistance in the $9.50 and $11.0 areas.<\/p>\n

But to get here, APTO will also need to break above a downtrend from the late-January yearly highs in around $20.<\/p>\n

The 200DMA at $9.88 also presents a significant zone of technical resistance.<\/p>\n

But assuming the broader crypto market continues performing well, Aptos stands a good shot of pumping.<\/p>\n

Aptos Alternative to Consider \u2013 Thug Life Token ($THUG)<\/strong><\/h2>\n

While Aptos has the potential to perform very well in the near future, crypto investors should always be on the lookout to diversify their holdings.<\/p>\n

One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales.<\/p>\n

This is where investors buy the tokens of up-start crypto projects to help fund their development.<\/p>\n

These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.<\/p>\n

Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application\/platform.<\/p>\n

If an investor can identify such projects, the risk\/reward of their presale investment is very good.<\/p>\n

The team at Cryptonews spends a lot of time combing through presale projects to help investors out.<\/p>\n

One such project that they think has a lot of potential is a new meme coin called Thug Life Token.<\/p>\n

$THUG – The Next 100x Meme Coin?<\/strong><\/h2>\n

Despite only launching a few days ago, brand new meme coin project Thug Life Token has already been able to raise a whopping more than $300,000 via the presale of its $THUG token.<\/p>\n

Various industry observers have tipped $THUG to be a major success given the refreshing take it brings to the meme coin space.<\/p>\n

<\/oembed><\/figure>\n

$THUG is not based around out-of-fashion dog memes or short-term social media fads, like meme coins created in response to Elon Musk or Andrew Tate tweets.<\/p>\n

Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars such as Snoop Dogg back in the 80s.<\/p>\n

As the word of $THUG spreads, more degenerates are expected to pile cash into the project.<\/p>\n

That\u2019s because Thug Life Token has all of the makings of the next 100x meme coin.<\/p>\n

At the presale price of $0.0007 and total maximum supply of 4.2 billion, the Thug Life Token presale only values the coin at a very conservative $2.94 million fully diluted market cap.<\/p>\n

That\u2019s much smaller than most other comparable presale projects and the low presale market cap leaves plenty of room for explosive upside.<\/p>\n

Get $THUG Before Its Too Late<\/strong><\/h2>\n

Meme coin degens have no time to lose when it comes to getting involved in the project early.<\/p>\n

That’s because the $THUG presale will end once the $2.058 million mark is hit, or when the 13-day countdown runs out (whichever comes first).<\/p>\n

After that, the only way to secure $THUG tokens will be via the project’s airdrop and community rewards campaign or at a potentially elevated price on major decentralized exchanges (DEXs).<\/p>\n

Visit Thug Life Token Here<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aptos (APTO), the cryptocurrency that powers the newly launched Aptos layer-1 blockchain protocol, is enjoying a pop higher on Tuesday amid a surge in trading volumes. As per CoinGecko, APTO trading volumes were around $300 million in the last 24 hours, impressive for a cryptocurrency with a market cap of only around $1.67 billion. APTO […]<\/p>\n","protected":false},"author":1,"featured_media":31302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-31301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\n$300 Million Trading Volume Sends APT Soaring \u2013 Are Whales Buying? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Aptos (APTO), the cryptocurrency that powers the newly launched Aptos layer-1 blockchain protocol, is enjoying a pop higher on Tuesday amid a surge in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=31301\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$300 Million Trading Volume Sends APT Soaring \u2013 Are Whales Buying? 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