Aptos sustains bullish sentiment; Is APT worth the hype?

Aptos is layer one blockchain technology that relies on the Move programming language, increasing blockchain networks’ scalability, reliability, security, and overall performance. 

The mainnet, ‘Aptos Autumn,’ launched in October 2022. The high-level security features and parallel execution features make it one of the leading choices for crypto enthusiasts.

Aptos Price Analysis

Aptos Price Analysis

At the time of writing this post, APT/USD is trading around $18.68. This blockchain is generating hype because it is based on Diem blockchain initiatives originally created by Diem to make blockchain more scalable and faster. 

The hype is justified by the involvement of big investors, active community members, unique engines, and programming language, so many crypto enthusiasts also want to become a part of this community and get the benefits of Aptose in the long run. 

Based on the technical chart pattern, candlesticks are forming in the upper Bollinger Band, and MACD and RSI are bullish, suggesting a continuation of this trend. 

Is Aptos a good investment?

Since the beginning of 2023, Aptos has managed to sustain its bullish sentiment. Hence, we think Aptos is a good investment option with a lot of potential to multifold your investment. Besides that, it is a highly risky investment because this cryptocurrency is at an early stage. 

If you believe in the fundamentals of APT cryptocurrency and its potential, you should invest at the current price. Otherwise, you must wait for some time to find a long-term price pattern before investing. 

If you are an active trader, you can capitalize on this momentum, but as a beginner, you should invest in blue chip cryptos for long-term growth. Please follow CryptoNewsZ if you want to get the latest update on trending cryptocurrencies.  

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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