The Aptos cryptocurrency experienced a significant price increase in October. This is an advanced Smart Contracts platform that is presumably the technological predecessor to Meta’s stalled Diem network. Aptos is very often referred to as the “Solana killer” due to its extremely greater transaction volume of 100,000 transactions per second. Can Aptos genuinely be the new Solana? Let’s see if Aptos’s price can be 10x during the next bull run in this Aptos price prediction.
What is Aptos (APT)?
Aptos is a smart contract platform that is widely considered the technological descendant of Meta’s failed stablecoin network, Diem. It is a Layer 1 blockchain that utilizes Move, an emerging smart contract programming language. Aptos Labs, a blockchain firm created by two former Meta employees, is naming the project.
Layer 1 blockchains use the proof-of-stake consensus mechanism. The programming language Move claims to support transaction parallel processing, which can conceivably result in transaction speeds up to 100,000 transactions per second.
The project is the creation of two former Meta programmers, Mo Shaikh and Avery Ching, and is viewed as the technological predecessor to Meta’s initially abandoned Diem network. Many spectators consider Aptos as the “Solana killer” because of its high conceptual transaction speed.
What Happened with the APTOS Launch?
Aptos first made headlines in March of this year when it brought up $200 million in the first round of funding from venture capitalist Andreessen Horowitz. Aptos got an extra $150 million in a second round in July and was prized at $1.9 billion. In a funding round led by Binance Labs two months later, the expected value increased to $4 billion.
Aptos was able to achieve these figures before the project’s blockchain was even released. This was the situation when the mainnet went live on October 17, 2022. There was an early airdrop of 150 APT tokens to incentivize early network testers.
What distinguishes Aptos?
From a technical perspective, the Aptos network has two key features:
- The novel programming language for smart contracts is called Move.
- The one-of-a-kind capability to process parallel transactions
Furthermore, Aptos allows transactions to be processed in parallel during crucial processing stages. Transactions in conventional blockchains, such as Bitcoin or Ethereum, should always sit tight for verification. This implies that expanding processing power does not always lead to fast processing speeds. Parallel transaction processing is feasible with Aptos throughout these crucial stages.
How has the price of Aptos changed in the last few weeks?
On Oct. 17, Aptos released its blockchain and released a utility and governance token, causing a slight brouhaha in the crypto community. However, Aptos did not announce its total proposal as part of its tokenomics, token distribution, or issue price ahead of time. As a result, the price of the APT token first tumbled by 40%.
Aptos issued an apology and divulged the allocation of its tokens as a result. Another outcry arose when it was disclosed that almost the whole offering had been dispersed to early investors and the company itself. In the end, it seems that early top officials and the business itself would own the vast bulk of the tokens and will obtain the vast bulk of the staking rewards.
Following the initial losses after the launch, the APT price remained in a ballpark of 7 to 7.50 US dollars for a few days. After a few days of small variations, the APT price increased over the weekend. The price went up from $7.50 to more than $10. At the time of writing this, the APT price is sitting at $4.77.
We’ve been in a bear market for nearly a year. Cryptocurrency losses were severe in the first half of 2022. In the second half of the year, the market settled at a low level. The first price increases could occur as soon as 2023.
Because the market comprises four main cycles based on the Bitcoin halving. These events take place every four years on average. Following a halving, a bull market starts, ultimately resulting in all-time highs. Prices go down after these highs, and the bear market starts. The bear market lasts somewhere around 2 and 2.5 years.
We are currently in the midst of a bear market, with prices nearing the cycle lows. After Bitcoin’s halving in 2024, there should be a new bull market and the price of APT could rise. The bull market’s peak is expected to occur in 2025. As a result, the APT forecast for 2025 is very optimistic.
It is expected that by 2025, the minimum APT price will be $15, with a maximum of $20. The average cost of trading will be approximately $16.
Aptos Price Prediction: Is APTOS a good stock to buy?
In the future, you should keep an eye on Aptos. Crypto investments are risky, especially in Aptos’ case. It is an entirely new initiative that you must accept. However, Aptos may follow Solana’s lead and see significant price growth in the long run. As a result, investing now during a down market can pay off later.
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