EXPECT DECENT DROP IN PRICE WITH APTOS!
2024-09-21

BINANCE:APTUSDT (Aptos) has been amongst the top gainers in the last 24 hours according to data on CoinMarketCap.
Volume gained by 20.74% to $214,137,932.
Market Cap gained by 7.60% to $3,647,320,373.
But by looking at the technicals APTOS looks way overbought, hence I am anticipating
a solid drop in price.

What Is Aptos?
Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

My price point for APTOS is at 5.71$.
Stoploss at 7.61$ which gives us a 4 to 1 risk/reward ratio.

Please refer to the chart for more data.