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Despite a minor pullback in Bitcoin under the $63k level, resulting in a deceleration in altcoins, SUI and APT continue to rise. With SUI surpassing the $2 mark and Aptos nearing the $10 psychological milestone, the upside potential in these two crypto is massive.
Aptos (APT) price has surged nearly 14% in the past seven days, yet signs of uncertainty are emerging as key indicators suggest a potential shift in momentum. While bulls have maintained some control during this recent rally, recent signals point to a weakening trend that could lead to consolidation or even a reversal.
The cryptocurrency market is gearing up for a major event as Optimism (OP), Aptos (APT), and Taiko (TAIKO) prepare for token unlocks collectively valued at $169.66 million. According to data from TokenUnlocksApp, millions of dollars worth of cryptocurrencies will flood various ecosystems this week, which could further amplify the prevailing selling pressure.
In the DeFi space, many people look for projects that could replicate or even surpass the success of top crypto coins. One such project that everyone is talking about right now is DTX Exchange (DTX), a DeFi coin now in phase three of its presale.
TL;DR Aptos (APT) will unlock $99.30 million worth of tokens this week, part of a broader trend with over $451 million in token releases scheduled between October 8 and October 14, 2024. This unlock represents 2.25% of Aptos' circulating supply, with other notable unlocks including Optimism (OP), TAIKO, XAI, and Cardano (ADA), varying from 0.
Among the altcoins, $SUI and $APT put on two impressive runs over the last several days that took them both to gains of at least 10% for the week. Can these positive gains be maintained going forward?
According to data from TokenUnlocks, over $451 million worth of tokens are scheduled for release between October 8 and October 14, 2024, with Aptos (APT) leading the pack. Aptos (APT) is poised to release the largest amount of tokens in terms of value.
Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.
Three cryptocurrencies will unlock nearly $150 million worth of tokens, potentially flooding the market with increased supply pressure. Speculations on the outcome of such massive inflation could bring uncertainty and increase the risks of trading these tokens.
With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.
APT has posted a significant rally in recent days, boosting trader confidence.
Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.
Bitcoin (BTC) has maintained its position above the critical $60,000 support level, even as many altcoins face significant downward pressure. Bitcoin's resurgence has propelled its market dominance to levels not seen in nearly three years, highlighting a clear divide in performance between Bitcoin and the broader cryptocurrency market.
Aptos' explosive network growth and rising social dominance could fuel a major price surge.
Aptos (APT) has seen an impressive 8.8% increase in its value over the past 24 hours. This surge comes despite prevailing market fears and volatility, highlighting Aptos' resilience as it holds above crucial support levels.
Despite registering a 43% price increase in the last 30 days, Aptos (APT) price could be gearing up for another phase of explosive growth. This is largely due to the incredible surge in volume within the last few days.
Render joined Aptos as a top performer, gaining 6.3%.
With billions wiped off the crypto market over the past few days, decoupling from the general trend is setting Aptos (APT) apart. Today, Aptos is the most profitable of the top 50 digital currencies by market cap after soaring by 12.5% in the past 24 hours.
Aptos (APT) soared over 10% in the last 24 hours following Aptos Labs' acquisition of HashPallete. The token is leading the market after becoming the largest gainer among the top 100 cryptocurrencies by market capitalization.
AAVE, APT, and BEAM are the top performers from the largest 100 alts today.
Aptos price looks promising after the asset broke out of an extended consolidation zone. APT price today is 1.1% up, trading at $8.28, while the entire crypto market is down 5% due to Bitcoin price sliding below the $60,000 mark late on October 3.
Aptos (APT) has shown resilience during the recent market downturn by outperforming Solana (SOL) in terms of price appreciation. Aptos has shown decent resilience in recent market conditions.
Despite the fearful market sentiment of the past few days, the price did not fall below $7.57.
Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.
