• Aptos price has dropped by 2% in the past 24 hours, falling to $13.12 today after a very strong weekend for the layer-one token.
• Aptos 30-day moving average has eclipsed its 200-day, providing another depiction of the now-obvious fact that APT has enjoyed a big breakout rally.
• Aptos was launched in October 2022, when it reached an all-time high of $13.73.
The Aptos price has been on a tear recently, posting a 61% gain in just one week and a stunning 250% jump in the last 30 days, making it the best-performing top-100 coin over these periods. After an already impressive weekend, the layer-one token dropped slightly in the past 24 hours, but is still trading at an all-time high of $13.12.
Aptos‘ chart shows that its 30-day moving average (MA) has absolutely eclipsed its 200-day MA, providing another depiction of the now-obvious fact that APT has enjoyed a big breakout rally. As a result, the relative strength index (RSI) dropped from 90 to 50, indicating that the token may be due for a correction in the near future.
Despite this potential downside, Aptos remains a strong altcoin in terms of its fundamentals. It was born out of Meta’s digital currency project and was launched in October 2022, when it reached an all-time high of $13.73. Since then, the token has been able to hold its own, despite the volatile crypto markets, and has officially launched its mainnet on October 17th, 2022.
Given the pedigree behind the project, and the fact that it has already raised hundreds of millions of dollars in its presale, Aptos is poised for further gains in the near future. Although the token may experience a correction in the near term, it is still expected to be one of the best-performing coins of the year. With its strong fundamentals and promising use cases, Aptos is well-positioned to continue its upward trajectory, and could potentially 10x in the coming months.