Can Aptos Price Rise With RWA Entry & Boost In Network Activity?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 27 2024

Should l Buy APT?

Aptos Network Activity: Aptos processed a record 115.4 million transactions in a day, surpassing Solana, attributed to the launch of TaposCat game.
RWA Integration: Real World Assets (RWA) integrated into Aptos blockchain through Thala and Mountain Protocol collaboration.
Aptos Price Forecast: Aptos crypto price forecast indicates a potential bounce back to $9.65 and a target of $14.0, with a risk of decline below $7.75.
Aptos On-chain Metrics: Aptos experienced significant growth with 316 million transactions executed, 395,000 new users welcomed, and integration of diverse financial assets.
Technical Analysis: Aptos asset showing bullish signs with potential for further growth, as indicated by MACD, RSI, and recent performance.

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Technical Analysis for APT

Technical Sentiment Analysis for Aptos (APT) As of , Aptos (APT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for APT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, APT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Aptos (APT) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.522	0.711	0.925	1.114	1.328	1.517	1.731
Fibonacci	0.711	0.865	0.96	1.114	1.268	1.363	1.517

About APT

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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