Aptos Token Price Continues Activity: Aptos Analysis by Experts!

newly released aptos tokenThe ‘s price is almost back to where it started trading last week, after a rapid collapse.

Aptos Token Starts Recovering After Going Bad

The token of Layer 1 Blockchain Aptos has seen a strong rise after the bad start last week and has almost returned to the price at which it was first released.

CoinGecko According to data, the APT token is at its lowest level in the last week. 6.75 by dollar 36% with an increase 9.17 It was traded in dollars.

a research analyst Riyadh CareyAccording to data from , with this recovery speed, it has been launched on more than one 12 dollars rapidly approaching its price.

In the first hours following its launch on October 19, the token coinbase, Huobi, FTX and Binance on crypto exchanges 9 dollars was traded around.

“I think it is certainly possible for APT to rise above the opening price, especially if cryptocurrencies continue to outperform stocks and can generate some activity in Aptos, DeFi or NFTs,” Carey said.

According to Carey, the token, which quickly dropped below $7 on its first trading day, has been challenged by growing community criticism over the number of APT tokens held by private investors and developers.

According to a web statement on the tokenomics of the Aptos protocol, the project has issued a total of 1 billion tokens.

Approximately 510 million were distributed to community members (about 51%), 190 million to core developers (about 19%), the rest to the Aptos Foundation (about 16%) and private investors (about 13%).

According to CoinGecko, the rally put APT in the top 50 cryptocurrencies overall, putting its market cap over $1 billion.

research expert at 21Shares Adrian FritzDespite Aptos having a “bumpy start,” observers Aptos, Sui and Radix it is about to included too rust based to layer 1 blockchains He said his interest was high.

*Not investment advice.