APT Coin Price Prediction According to Crypto Academy
2024-09-13Bittime - Crypto Observer Crypto Academy discusses APT or Aptos Coin Price Prediction in the margin call episode titled: “Rungkad Entek-entekan”. Check out the Aptos Coin Price Prediction and its relation to the Cliff Unlock moment.
Recent Aptos Coin Price Movement
Aptos, one of the promising Layer 1 blockchain projects, has recently caught the attention of many traders with a 14% surge from its lows. This increase occurred after the much-anticipated Cliff unlock event on September 11th.
Previously, Crypto Academy has discussed this Cliff Unlock as one of the important moments for Aptos, and traders who were prepared in advance made significant profits as the price rose quite sharply from its previous low.
What is the Cliff Unlock Event?
A cliff unlock is a moment when a large number of previously locked tokens (usually for early investors, the project team, or other stakeholders) are released into the market.
These tokens are usually locked for a certain period of time to maintain project stability and avoid supply spikes that could damage the price.
However, when an unlock occurs, prices often become volatile due to the sudden increase in token supply.
Traders' Concerns When Aptos Experiences Cliff Unlock
In the case of Aptos, the Cliff unlock that occurred on September 11th was a pivotal moment. Before the unlock, many traders were worried about a price drop due to the release of a large number of tokens. However, the opposite happened: Aptos experienced a 14% surge , surprising many.
This market reaction suggests that demand for the Aptos token is strong enough to absorb additional supply, or perhaps there is an expectation of positive developments in the future.
Aptos Market Position and Future Prospects
As a Layer 1 blockchain , Aptos plays a vital role in the broader crypto ecosystem. Layer 1s like Ethereum, Solana, and Aptos provide the underlying infrastructure on which decentralized applications (dApps) and smart contracts are built. Aptos seeks to compete with these leading blockchains by offering faster transaction speeds , lower fees , and better security .
From a technical perspective, Aptos’ recent price action has been bullish. The 14% surge from the lows indicates a positive sentiment in the market, with traders and investors showing higher confidence in the project.
The support level around the previous lows has proven to be strong, and the market is now waiting for a breakout above $7 . This level is considered an important psychological and technical area, which could open up opportunities for further upside, with many traders setting take-profit targets above $7.
Additionally, for traders who entered during the Cliff unlock period , there was an opportunity to place a stop-loss at their entry price to secure profits and protect themselves from downside risks. Aptos’ strong recovery after the unlock event shows that despite the increased token supply, the project still has solid community support and investor interest.
Partnerships That Become Price Increases
Aptos has also gained momentum through several positive catalysts in recent months. One of the most notable partnerships is with Travala.com , a crypto-friendly travel booking platform. The partnership allows Aptos token holders to book accommodations and travel experiences directly using the token entry price, further increasing the utility and visibility of the Aptos ecosystem.
Developers Who Diligently Update Smart Contracts
In addition, Aptos continues to attract attention from the developer community and improve its smart contract functionality . With a focus on scalability and security , Aptos is an attractive platform for developers looking to build decentralized applications (dApps) and smart contracts that can handle high transaction throughput without compromising security.
The growing developer community and the number of dApps launched on Aptos further strengthen its potential as a robust Layer 1 solution. With a strong roadmap and several major updates planned for the future, the bullish sentiment in the market is likely to continue as we approach the end of 2024 and into 2025.
Strategi "Letting Profits Run"
For traders currently holding Aptos, the strategy going forward depends on their risk tolerance and investment goals. Many traders are adopting a “letting profits run” approach , especially since Aptos holders have shown strong recovery momentum. Given that the Cliff unlock event has passed without a major drop, Aptos is well positioned to continue its uptrend.
However, caution is still needed, as the crypto market is still highly volatile. Setting a stop-loss at a key support level can act as a safety net for traders while still allowing Aptos hodlers to partake in any potential gains.
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