Home / Price Predictions / Aptos Price Prediction 2024: APT Price Analysis

Aptos Price Prediction 2024: APT Price Analysis

Last Updated 14 hours ago
Valdrin Tahiri
Last Updated 14 hours ago
By Valdrin Tahiri
Verified by Peter Henn

Key Takeaways

  • Aptos (APT) has fallen since its yearly high reached in March.
  • On May 25, the blockchain set a record for the most daily transactions.
  • Our Aptos price predictions suggest a bottom will be reached soon.

Aptos came out to no little fanfare in late 2022. The coin soon found its way into the top 50 cryptos by market cap, supported by its founders’ previous work with Facebook owners Meta.

In November 2023, Aptos launched  Identity Connect, a program designed to connect crypto wallets to decentralized applications (DApps). However, not even a token unlock could stop market forces from pushing it down in early 2024.

But the main catalyst for the coin may be the most recent news on its blockchain breaking a new transaction record. Aptos (APT) has experienced a remarkable surge in transaction volume in 2024, surpassing established players such as Solana (SOL) and Sui.

On May 25, Aptos processed an astounding 115.4 million transactions, eclipsing Solana’s 31.7 million and setting a new daily record for blockchains. This surge also propelled Aptos’ user transactions per second (TPS) to an all-time high of 32,000, highlighting a significant increase in network activity. Meanwhile, APT was worth $6.20 as of July 11 2024.

Aptos did not respond to a request for comment.

Let’s now take a look at our own price predictions for Aptos, made on July 11, 2024. We will also examine the Aptos price history, and talk a little about what APT is and what it does.

Aptos Price Prediction 

Here are the Aptos price predictions from CCN.com on July 11 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong.

Minimum Aptos Price Prediction Average Aptos Price Prediction Maximum Aptos Price Prediction
2024 $6.40 $8.55 $10.75
2025 $5.10 $8.05 $11.20
2030 $23.60 $26.80 $30

There are two methods used to create our Aptos price predictions. More specifically, predictions are created using fractals (mirroring movements and indicator readings) and the wave count.

The mean of the two predictions gives the average Aptos price prediction, the more bullish one is used for the maximum price prediction while the more bearish one is for the minimum.

Fractal Method

In January 2023, the 3-day RSI for Aptos reached overbought territory (red circle) and started to decline. This coincided with the creation of a descending resistance trend line. Then, the RSI fell to overbought territory and eventually generated a bullish divergence (green) before breaking out from the trend line.

A very similar movement has transpired in 2024. In March, the three-day RSI reached overbought territory (red circle) and has fallen since. It reached oversold territory in July. If the same pattern is followed, APT will continue to decline until November, when it will generate a bullish divergence and eventually break out.

Aptos Price Prediction
APT/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

If the ensuing upward movement is similar, APT will reach a high of $17.50 in May.  The fractal method gives an Aptos price prediction of $10.75 and $11.20 for the end of 2024 and 2025, respectively.

Wave Count Method

The wave count suggests that the APT price started a short but rapid upward movement at the beginning of 2023 and has corrected in a drawn-out A-B-C corrective structure since. It is likely that wave C has not ended yet, and will do so soon near $4.30, giving waves A:C a 1:1 ratio.

Then, the ensuing upward movement can take APT to an all-time high of $21.60 before correcting.

APT Wave Count Prediction
APT/USDT 3-Day Chart | Credit: Valdrin Tahiri/TradingView

Finally, we use the rate of increase since the December 2022 low to predict the price at the end of 2030. In the 560 days since the low, APT has increased by 100%, for a rate of increase of 0.166 per day. Projecting this increase until the end of 2030 leads to an Aptos price prediction. Adding and removing 20% to this target gives us the minimum and maximum Aptos price predictions.

Aptos Price Prediction for 2024

The wave count and fractal Aptos price predictions give different targets for the end of 2024. This is because the fractal method indicates the price will still be increasing, while the wave count states it will reach an all-time high before the end of the year and then begin a correction. They give targets of $6.40 and $10.75, respectively.

Aptos Price Prediction for 2025

The wave count and fractal Aptos price predictions also have different targets for the end of 2025. While both suggest Aptos will be correcting, the shape of the correction differs. The methods give targets of $5.10 and $11.20, respectively.

Aptos Price Prediction for 2030

We use the rate of increase to make an Aptos coin price prediction for the end of 2030, arriving at a target between $23.60 and $30.

Aptos Price Analysis

The daily time frame APT price chart suggests the price is completing wave four in a five-wave downward movement. If this is the case, APT can reach the $7.10 resistance area before suffering rejection and starting a downward movement, which will complete wave five.

APTOS Price Analysis
APT/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

The movement would also cause the RSI to get rejected at the 50-trend line. Even though the indicator is moving upward, it has not generated any bullish divergences, something that is often associated with bullish trend reversals. This potential trajectory would also fit with the Aptos crypto price predictions for the end of 2024 and 2025.

Short-Term Aptos Price Prediction

The Aptos price prediction for the next 24 hours rests on the assumption that the price will continue increasing toward the $7.10 resistance area. So, the Aptos price prediction for tomorrow suggests APT will be trading higher than it is today, possibly reaching $6.30. Then, the price of Aptos could reach the $7 resistance area by the end of the week.

APT Short-Term Price Prediction
APT/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

Aptos Fear & Greed Index

The Fear & Greed Index measures the market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). It aggregates factors such as volatility, market momentum/volume, social media activity, dominance, and trends to provide a sentiment overview.

Extreme fear can suggest investors are overly worried, potentially presenting a buying opportunity, whereas extreme greed indicates excessive bullishness, often signaling an imminent market correction.

 

On July 11, 2024, the Fear & Greed Index was at 28, a sign of fear. It was neutral at 44 last week and it showed greed at 74 last month

APT Average True Range (ATR): Aptos Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Aptos Weekly ATR
Weekly ATR Chart | Credit: TradingView

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On July 11, 2024, APT’s weekly ATR was 1.86, a sign of average volatility. The indicator has fallen since March. Divided by the $6.20 APT price, the ATR is 0.31.

Aptos Relative Strength Index (RSI): Is APT Oversold or Undersold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

Aptos Weekly RSI
Aptos Weekly RSI | Credit: TradingView

On July 11, 2024, the BAT weekly RSI was at 41, a sign of a bearish trend. The RSI has fallen since the yearly high in March.

Aptos Price Performance Comparisons

Aptos is a blockchain that deals with smart contracts. So, let’s compare it with other similar projects.

Current Price One Year Ago Priee Change
Aptos $6.22 $6.99 -12.17%
Ethereum $3,124 $1,873 66.13%
Cardano $0.39 $0.29 34.17%
Solana $22 $142 548.81%

The data reveals that Aptos has been the worst performer and is the only project that has declined in the past year.

Best Days and Months to Buy Aptos

We took a look at the APT price history and found the times when the price was at its lowest across certain days, months, quarters and even weeks in the year, indicating the best times to buy APT.

Times to Buy APT Days, Months and Quarters
Best Day of the Week Friday
Best Month January
Best Week 3
Best Quarter First

Advantages and Disadvantages of Aptos

CCN.com’s Senior Research Analyst Toghrul Aliyev took a deep dive into Aptos and found the following advantages and disadvantages.

Advantages of Aptos

  • Experienced Team: Aptos is led by Mo Shaikh , former blockchain lead at Meta and advisor to the World Economic Forum, and Avery Ching , former tech lead for Meta’s blockchain and distributed technologies. Their experience and expertise give the project credibility.
  • Cutting-Edge Research and Development : Aptos Labs excels in blockchain innovation through advanced research. It has made significant strides with Narwhal and Tusk, a DAG-based consensus protocol enhancing throughput and reliability, and Block-STM, which improves parallel execution for smart contracts.
  • Developer-Friendly Programming Language: Aptos uses the Move programming language, designed for ease of use and features like strong asset protection and modular architecture. This makes it ideal for efficiently writing smart contracts and decentralized applications.
  • Deflationary Mechanism: All transaction fees on the Aptos network are burned. This deflationary mechanism reduces the total supply of APT tokens over time, which benefits token holders as it can increase the value of the remaining tokens.

Disadvantages of Aptos

  • Skewed Tokenomics : Aptos’ tokenomics are skewed heavily in favor of early investors and core contributors, making it essentially an exit liquidity vehicle for them. The community only has access to 51.02% of the total supply, unlocking well after the tokens allocated to investors and core contributors. Also, staking rewards are not subject to distribution restrictions, allowing the team, foundation, and investors to sell staking rewards freely. Additionally, Aptos Foundation and Aptos Labs control the APT allocated to the community and stake these tokens, putting even more control in the hands of a few entities.

 

Category % Initial Token Distribution Initial Tokens Initial Unlock Unlock Schedule
Community 51.02% 510,217,359.77 125,000,000 3,210,144.66 unlock each month over the next 10 years
Core Contributors 19.00% 190,000,000 0 for 12 months 13th-18th months: 11,875,000 APT per month.

19th-48th months: 3,958,333.33 APT per month.

Foundation 16.50% 165,000,000 5,000,000 1 333 333,33 unlock each month over the next 10 years
Investors 13.48% 134,782,640.23 0 for 12 months 13th-18th months: 8,423,915.015 APT per month.

19th-48th months: 2,807,971.67 APT per month.

Aptos Distribution
Aptos distribution | Credit: Aptos Foundation
  • High Inflation Rate: Aptos exhibits a significant inflation problem. The staking APY stands at 7% , yet 11,309,783.99 tokens unlock monthly. This is about 1% of the total supply each month, according to the unlock schedule. Additionally, the total supply is not fixed at one billion  and has already increased to 1,105,264,379 . Also, the circulating supply surged by 217.13% over just one year. The rampant inflation means staking, therefore, offers little to no real return. Using the Fisher Equation, token holders effectively lose 66.26% per year in real terms. This inflation undermines the value proposition of holding or staking APT tokens and makes it unattractive for long-term holders.
  • Controversial VC Fund Investors: Aptos had backing from VC funds like Three Arrows Capital  and FTX . Three Arrows Capital went bankrupt due to risky investments and poor risk management. Similarly, FTX’s bankruptcy involved mismanagement and fraud. 
  • Non-Mandatory Historical Data Storage: Aptos validator nodes use data pruning  to store only recent transactions, which optimizes storage but reduces transparency. This practice limits access to the full transaction history, therefore making it harder to verify and audit past transactions. Without a complete historical record, detecting discrepancies or fraud becomes more challenging, which also affects blockchain integrity. The network relies on separate archival nodes to maintain the full history, but if these nodes are compromised or not properly maintained, the blockchain’s integrity could be at risk.
  • Unclear Official Wallet Addresses: There is no information on which wallet addresses belong to the Aptos Foundation and Aptos Labs.
  • Opaque Validator Node Management: There is also no publicly available information  on who runs the validator nodes on the Aptos network.
  • Discrepancy in TPS Claims: Aptos’ documentation claims a theoretical throughput of 160,000 transactions per second (TPS) , but its explorer showed that the peak TPS in the last 30 days was only 378 .
  • Intense Competition: Aptos operates in a highly competitive market with numerous established blockchain platforms. Major competitors like Ethereum, Solana, Polkadot, and Avalanche have already captured significant market share and developer attention.
  • Lagging Development Metrics : Aptos is currently ranked 24th with 83 sub-ecosystems, 26th with 4,550 repositories, 33rd with 893 weekly commits, and is also 27th with 180 weekly developers. These metrics indicate that Aptos lags behind its main competitors, which often rank in the top 10 in these categories.
  • Centralized Control of Tokens : Aptos allows the entities that create and manage tokens to have significant control over them. They can mint, burn, and freeze tokens at will.

APT Price History

Let’s take a closer look at the Aptos (APT) price history. While past performance isn’t necessarily indicative of future results, understanding what APT has done can help us contextualize future predictions.

2022: Aptos came onto the open market in the autumn of 2022 and was worth about $8 on October 22. It broke past $10 the following day but then declined. The collapse of the FTX (FTT) exchange in November hit the coin hard, causing APT to slip to an all-time low of $3.09 on December 29. After that, it closed the year at $3.45.

2023: Early 2023 was a good time for APT, because a recovering market saw it shoot up, reaching an all-time high of $19.90 on January 30. However, the coin dropped afterward, and the collapse of the Silvergate bank saw it fall to $9.77 on March 10. Aptos managed a recovery, trading between $10 and $13 for much of the next two months, but it fell below $10 in May.

June saw the market damaged by the news that the United States Securities and Exchange Commission (SEC) was suing the Binance and Coinbase exchanges. Following the June 10 news that Crypto.com (CRO) was suspending its US institutional operations, APT fell to $5.71. It was able to recover, shooting up more than 40% to $8.30 on July 4.

The next couple of months saw a decline, and by September 11, it was worth just $4.91. After that, it recovered, reaching $8.21 on November 16. Aptos closed the year at $9.40, representing an annual rise of more than 170%.

2024: A buoyant market saw APT rally in March, leading to it stand at around $14.90 on March 19, 2024. It then decreased, falling to $6 in July, despite record transactions.

Aptos Price
Aptos Price History | Credit: CoinGecko
Period Aptos Price
Today (July 11, 2024) $6.23
Last Week (July 4, 2024) $6.25
Last Month (June 4, 2024) $8.02
Three Months Ago (April 4, 2024) $11.90
Last Year (July 11, 2023) $6.99
Launch price (October 20, 2022) $7.26
All-time high (January 30, 2023) $18.32
All-time low (December 30, 2022) $3.21

Aptos Market Cap

The market capitalization, or market cap, is the sum of the total number of APT in circulation multiplied by its price. On July 11, 2024, BAT’s market cap was $2.8 billion, making it the #33rd largest crypto by that metric.

Aptos Market Cap
Aptos Market Cap | Credit: CoinGecko

Who owns the most Aptos?

As of July 11, 2024, the five wallets with the most Aptos were 

  • 0xcd30fbbda98b2aed026772c13e5ed90a7f056b589ef9e78cd96415e1af12451c. This wallet held 19,999,979 APT, or 1.91% of the supply.
  • 0xc739507214d0e1bf9795485299d709e00024e92f7c0d055a4c2c39717882bdfd. This wallet held 17,438,026 APT, or 1.66% of the supply.
  • 0x6dd484cf0a72f61d2cb7cd0530633f8e1fe05dcb69b4c29dd0257d3d2639377d. This wallet held 16,015,720 APT, or 1.53% of the supply.
  • 0xed8c46bec9dbc2b23c60568f822b95b87ea395f7e3fdb5e3adc0a30c55c0a60e. This wallet held 14,284,301 APT, or 1.36% of the supply.
  • 0xaaa9c5fb3b4855e1569321041febcc1146b44af3f08893d4ce41846cc7e25645. This wallet held 9,090,547 APT, or 0.87% of the supply.

Aptos Supply and Distribution

Supply and Distribution Figures
Total supply 1,105,831,144
Circulating supply as of July 11, 2024 454,950,716 (40% of total supply)
Holder distribution as of July 11, 2024 Top 10 holders owned 9.68% of supply

From the Aptos Whitepaper

In its technical documentation, or whitepaper , Aptos says it aims to help blockchain technology become “ubiquitous”.

It says: “We present the Aptos blockchain, designed with scalability, safety, reliability, and upgradeability as key principles, to address these challenges. The Aptos blockchain has been developed over the past three years by over 350+ developers across the globe. It offers new and novel innovations in consensus, smart contract design, system security, performance, and decentralization.”

Aptos (APT) Explained

Aptos  is a blockchain designed to process online transactions faster and also support decentralized applications (DApps) builders.

Because of its the founders’ experience of working with, for want of a better phrase, mainstream internet technology, Aptos wants to break out of the blockchain ghetto and make its way into the wider world.

The Aptos coin, also known by the ticker handle APT, supports the blockchain.

How Aptos Works

The Aptos blockchain is based on a Proof-of-Stake (PoS) consensus mechanism. This means that people are selected to verify transactions and add blocks to the blockchain-based on how many APT they hold.

The system uses smart contracts, computer programs that execute once certain conditions are met. These are built using a programming language called Move, which Meta used in its attempts to build a blockchain platform. 

 APT helps grow the blockchain and also gives holders the right to vote on changes to the network. As well as that, people can buy, sell, and trade it on exchanges. 

Is Aptos a Good Investment?

It is hard to say right now.

On one hand, it has avoided being named as an unregistered security. On the other hand, there are still issues surrounding its performance in the near-past. 

While the fact Meta engineers set it up might seem encouraging, one might also look at the way that Diem was never quite able to get off the ground and wonder whether the people behind it were the right men for the job.

It remains unclear if – and how – the news about its blockchain breaking records may affect APT’s price in the future.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in APT.

Will Aptos go up or down?

No one can really tell right now. While the Aptos crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Aptos?

Before you decide whether or not to invest in Aptos, you will have to do your own research, not only on APT, but on other, related, coins and tokens such as Cardano (ADA) or Ethereum (ETH). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

FAQs 

How many Aptos are there?

On July 11, 2024, there were 454 million APT in circulation, out of a total supply of just over one billion.

Will Aptos reach $100?

Our price predictions suggest the Aptos price will reach a maximum of $21.65 in the next few years before starting a correction.

What is Aptos used for?

The APT coin helps add blocks to the Aptos blockchain. Holders are also able to vote on changes to the network. People can buy, sell, and trade it on exchanges. 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only. It should not, therefore, be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints. They should also be familiar with all local regulations before committing to an investment.