What's next for Aptos
Key Takeaways
- Aptos has seen its APT coin delisted and relisted by the Upbit exchange.
- This followed the news that the blockchain would be hosting some of Microsoft’s AI capabilities.
- Can APT make a comeback?
- One Aptos price prediction says it can reach $18.67 in 2025.
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.
The coin found itself the subject of controversy when it was suspended from the South Korean Upbit exchange in September over concerns relating to fake APT tokens.
It was reinstated on September 24.
Earlier in the month, Aptos announced that it would be hosting the SushiSwap (SUSHI) decentralized exchange (DEX). In August, it said it would be partnering with Microsoft.
But what is Aptos (APT)? How does Aptos work? Let’s see what we can find out, and also take a look at some of the Aptos price predictions that were being made as of September 26 2023.
Aptos Coin Price Prediction
Let’s examine some of the Aptos price predictions being made on September 26 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
| 2023 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $4.71 | $14.98 | $37.45 |
| Prediction #2 | $9.61 | $16.55 | $102.03 |
| Prediction #3 | $11.32 | $18.67 | $56.02 |
The short-term Aptos price prediction from CoinCodex said APT could go on a rollercoaster ride over the next few weeks. It said the Aptos coin would drop to $5.23 on October 1 before shooting back up to $6.08 on October 26.
The site’s technical analysis was, fittingly, neutral, with 14 indicators sending bullish signals and 13 making bearish ones.
Aptos Price Prediction for 2023
CaptainAltCoin said Aptos would drop to $4.71 by December. PricePrediction.net , meanwhile, argued that the coin would be worth $9.61 at some point this year, while DigitalCoinPrice claimed APT could reach $11.32.
Aptos Price Prediction for 2025
Moving forward, DigitalCoinPrice claimed Apron could trade at $18.67 in 2025. PricePrediction.net had reach $16.55 that year. CaptainAltCoin thought it could be worth $14.98 in two years time.
Aptos Price Prediction for 2030
Moving on to a long-term Aptos price prediction, PricePrediction.net said the crypto would reach $102.03 in 2030. DigitalCoinPrice was more cautious, saying it would be worth $56.02 that year. CaptainAltCoin made an APT price prediction that had it standing at $37.45 at the start of the next decade.
Recent Updates from Aptos
It has been a busy six weeks or so for Aptos. The Upbit issue would have caused problems, but the SushiSwap news could well have encouraged investors.
The Microsoft partnership, announced in August will see the tech giant’s artificial intelligence (AI) operate on the Aptos blockchain. In a statement, Rashmi Misra, General Manager of AI & Emerging Technologies at Microsoft said: “By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain enabling users to seamlessly onboard to Web3 and innovators to develop new exciting decentralized applications using AI.”
APT Price History
Let’s now take a look at the Aptos price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an Aptos price prediction.
Aptos came onto the open market in the autumn of 2022 and, on 22 October it was worth about $8. It broke past $10 the following day, but then went down. The collapse of the FTX (FTT) exchange in November hit the coin. APT slipped, reaching an all-time low of $3.09 on 29 December before closing the year at $3.45.
Aptos in 2023
Early 2023 was a good time for APT, as a recovering market saw it shoot up to reach an all-time high of $19.90 on 30 January. The coin did drop after that, though, and the collapse of the Silvergate bank saw it drop to $9.77 on 10 March.
Aptos was able to make a recovery, operating between $10 and $13 for much of the following 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 to sue the Binance and Coinbase exchanges.
Following 10 June’s news that Crypto.com (CRO) was to suspend its US institutional operations, APT fell to $5.71. It was, however, able to recover, shooting up more than 40% to $8.30 on 4 July.
The next couple of months saw a decline and, by September 11, it was worth just $4.91. Since then, it has recovered somewhat and, on September 26 2023, it was worth about $5.45.
At that time, there were 237 million APT in circulation out of a total supply of just over one billion. This gave the coin a market cap of about $1.3 billion, making it the 35th-largest crypto by that metric.
Aptos Price Analysis
In late December and early January, Aptos climbed more than 500%. Since then, though, it has been in a bear cycle.
Is Aptos a Good Investment?
It is hard to say. While the recent upturn in users and transactions is encouraging, the APT coin still has a way to go before it recovers to the levels it enjoyed at the start of June, let alone the record highs it hit in January.
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 that it was set up by Meta engineers might seem encouraging, one might 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.
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.
From the 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 support people who want to build decentralized applications (DApps).
Its founders, Mo Shaikh and Avery Ching, had previously worked for Facebook owners Meta’s ultimately doomed attempt to set up its own Diem stablecoin. They started Aptos in 2022.
With 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 gives holders the right to vote on changes to the network. People can also buy, sell, and trade it on exchanges.
FAQs
Will Aptos reach $100?
It might do, but not for quite some time. PricePrediction.net said it could get there in 2030, but was more likely to do so the following year, while DigitalCoinPrice thought it would get to three figures in 2032.
Keep in mind that APT’s highest-ever price is $19.90, which it reached in January this year.
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.
Further reading
Klaytn Price Prediction 2023: What is Klaytn (KLAY)?
MXC Price Prediction 2023: What is MXC?
Hifi Finance Price Prediction 2023: What is Hifi Finance (HIFI)?
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 and should not 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 and be familiar with all local regulations before committing to an investment.
