Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price.
Since the beginning of 2023, Aptos's APT has risen by more than 400%, setting a new record of $20.39. Although this rebound may be just a sell-off because of the widespread belief that stock fundamentals are weak, the growing negative sentiment towards tokens may boost prices in the short term.
Let's take a look at some of the factors that are likely to promote the price increase of Aptos.
Rich and colorful history and strong investor application
Aptos is a by-product of Facebook's attempt to use the Libra blockchain, which was forcibly shut down by regulators. Two Libra leaders, Mosheigh and Avery Cheng, later discovered Aptos, a decentralized version of a let-go blockchain project.
This project is based on the Move computer language and introduces a new first-tier block chain that will compete with enterprises such as Solana and Cardano. An important reason for moving forward with APT dynamic password is that investors expect technological breakthroughs to eventually provide a scalable, secure, decentralized blockchain.
Aptos raised $350 million in 2022, including a $200m seed wheel led by Andreessen Horowitz and a $150 million first round of equity financing for FTX Ventures and Jump Crypto. After that, Binance launched a back-to-back campaign that could help improve the Aptos ecosystem.
The prestige of FTX Ventures raises the risk of a sell-off of the company's impossible physical line. In this regard, the involvement of other venture capitalists such as multi-currency assets, BlockTower Capital and Coinbase Ventures may reassure some investors. High-volume trading centers like Binance are also likely to ease the crackdown caused by FTX and Alameda Researc.
A booming ecosystem
The Aptos block chain was released in October 2022, and it is still in the initial stage of sustainable development of the ecosystem. There is basically no decentralized equity financing or irreplaceable representative new projects on the blockchain, and the intelligent contract theme activities of the blockchain are relatively limited at this stage. More than 94% of blockchain transactions are aimed at APT transfers, showing negligible decentralized use of themed activities.
The development and design theme activities in the block chain have always been average. The total number of active developers in Aptos exceeds landslides and Tezos, but lags behind Solana, Polkadot, Cardano, and Etherum.
Aptos is not the first to create a large total market capitalization project without any major chain-themed activities. Cardano and Polkadot are prominent examples, and the rise in the price of their local tokens is generally driven by excellent technical narratives.
But even in this respect, the total size of Aptos streets is lower than that of top first-tier new projects. Cardano and Polkadot have more than 1.3 million fans on their Twitter accounts. In addition, the landslide has more than 855600 fans and Tezos has more than 470000 fans. Aptos was blamed, with more than 3645, 000 fans.
Looking forward to the future, the efforts of the Aptos business process development team and the performance of the blockchain may catalyze market prices in the future.
The suspicion of traders is likely to push up the price of apt.
Taking full account of the lack of activities and the improvement of the limited resource ecosystem, the rebound of APT exceeded the expectations of the sales market. It will not be too difficult to find articles that imply that the total market value of tokens has been exaggerated.
However, it may be risky for businesses to go against the trend. Short orders for APT permanent swaps are getting tighter, as tokens have exceeded their peak of about $15 in October 2022, as evidenced by APT's negative financing rates.
It provides an opportunity for customers to pursue the settlement level of merchants according to the rising price. However, in the login password sales market, the empty single extrusion molding of the set order is usually achieved.
The selling pressure faced by APT is limited.
APT's token socioeconomics limits the selling pressure in the first year since the launch of OTP in October 2022. The APT release schedule extends the opening of investors to October 2023, after which the supply of goods in circulation with APT dynamic passwords will increase significantly. Before it starts, the only source of inflation is betting rewards, that is, betting 7% of tokens.
At first, charitable foundations allocated 2% of the supply to early-stage consumers and real estate developers. It is highly likely that consumers who need to sell APT will have sold it within three months of the launch of APT.
Sauerkraut premium
The important interest in buying and selling APT comes from the Korean won trading pair of UpBit login password exchange. The hub accounts for nearly 40 per cent of Aptos's turnover. The APT price in Upbit is about 1% more than the market price, which means that the demand in the region is very high-so the sauerkraut premium is the same.
The trading volume of Upbit may be overvalued because of the big shift, or it may be that some people are trying to manipulate the stock price. The users of the exchange have been under the control of regulators in the past. However, before the sauerkraut premium is dealt with, the work pressure of stock buying is likely to continue.
Although the price may have started with a broader proactive trend in the price of digital money, it is forming a surprising rebound by proving that the merchant is wrong. Before the negative mood and sauerkraut premium dissipate, the probability of Aptos going higher is very high.