In watching the rollercoaster ride that is the crypto market, one player making notable waves is Aptos, whose price has surged by 6.5% in the last 24 hours to reach $5.48. This is a step in the right direction for Aptos, which, to the skepticism of some, has been on a downturn in the past month, down 4%, and sinking by 72% since its peak of $19.92 in January.
Many factors contributed to Aptos’s upturn, a noteworthy one being the recent integration with SushiSwap. As Aptos continues to solidify its footing in the layer-one chain, it promises steady advancement and recovery in the coming weeks.
Looking at the relative strength index, Aptos’s momentum seems to be on a steady climb. Given the evident room for price appreciation before entering overbought territory, market enthusiasts may view this as a signal to invest in Aptos, eyeing a potential rise to $5.75 or higher before a slowdown in the rally.
What’s fueling this rise? Apart from appearing undervalued for quite some time, Aptos has seen platform expansions, most notably the integration with SushiSwap – a massive leap of faith given that this is SushiSwap’s first integration with a non-Ethereum-compatible chain. Furthermore, Aptos’s launch in October 2022 creates an intriguing narrative given it emerged from the ashes of Facebook/Meta‘s failed Libra/Diem project.
On the flip side, Aptos found itself embroiled in a recent controversy with Upbit, South Korea’s largest crypto-exchange that mistakenly counted counterfeit Aptos tokens. Despite resolving the issue and resuming APT transactions, it’s hard to pinpoint the exact impact of this incident on APT’s price. Nevertheless, any price surge in the aftermath may point to market relief.
Now more than ever, Aptos’s steady platform growth showcases its potential to reach $6 by year’s end. However, its recovery may hinge on the overall crypto market sentiment, which has been notoriously fickle this year. Traders hungry for above-average returns may have to explore other avenues, such as pre-sale tokens.
In particular, Bitcoin BSC (BTCBSC) boasts promise. As a stakeable Bitcoin variant on the BNB Chain, BTCBSC has raised over $4.8 million since its September launch. Its hard cap of 21 million tokens may offer a deflationary feature, attracting investors looking for the next big thing.
Interestingly, BTCBSC is pegged at $0.99 during its pre-sale, harking back to Bitcoin’s price in 2011. This nostalgic price tag seems to encourage investors to seize the opportunity they may have missed with Bitcoin.
With 6.125 million BTCBSC tokens up for grabs during pre-sale and a promise of staking rewards, BTCBSC is positioning itself as an attractive investment: an avenue for earning passive income, and a chance to become a part of Bitcoin’s younger sibling.
Source: Cryptonews
