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Could Aptos Mimic Solana's Skyrocketing Journey to $37? Signs Point to It

Thu, 08/10/2023 - 08:15
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Arman Shirinyan
Analysts believe Aptos has a lot to conquer in future
Could Aptos Mimic Solana's Skyrocketing Journey to $37? Signs Point to It
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Back when Aptos announced its collaboration with Microsoft, in which they decided to codevelop AI tools tailored to blockchain integrations, we saw a surge of enthusiasm and an undeniable fear of missing out (FOMO) among crypto enthusiasts. While the initial hype has simmered down, this is not a sign of dwindling interest. Instead, it hints at the maturity and patience of the investors who are watching the crypto's next moves closely.

To add fuel to the excitement, let's consider a hypothetical: what if Aptos took a leaf out of Solana's playbook? Drawing parallels, if Aptos were to emulate Solana's illustrious price trajectory, we might witness Aptos (APT) reaching the coveted $37 mark.

The argument strengthens when you consider that Solana consistently remained above the $1 benchmark. Hence, should Aptos falter and drop below $5, it would diverge from this projected path, serving as an invalidation of this speculative comparison.

Now, turning our attention to the present, Aptos is far from being stagnant. Just yesterday, it tacked on an impressive 9% gain, positioning its current trading value at a promising $7.31. This is not merely an erratic spike. Rising trading volumes, coupled with an uptick in developer activity, are reliable indicators of budding momentum. These might be initial signs of the cryptocurrency gearing up to hit another "higher high" soon.

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While predictions on the volatile cryptocurrency market are always filled with uncertainty, the trajectories and patterns do provide some food for thought. Aptos's recent activities and performance certainly paint a hopeful picture. Whether it reaches the speculated $37 or charts its own unique course, only time will tell. For now, investors and crypto-enthusiasts might want to keep a close watch on this intriguing crypto contender.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.