A crypto education user on Twitter known as Mac, took to the platform on October 23 to share some information about the price action of Aptos (APT).
APT / Tether US 4h (Source: Binance)
The post urges traders to be very careful as altcoins that pump straight off listing without any selloff usually leads to shortlasting pumps. The user then continued to explain that it could be a good time to look at short trades over the next two weeks.
Aptos (APT) was created by developers from the Meta blockchain project Diem, and has been called a Solana killer. Aptos has already received financial backing from Sam Bankman Fried’s FTX, Anddreeson Horowitz, and Multichain Capital.
The Aptos blockchain was designed for safe, fast, reliable, and upgradeable web3 infrastructure for widespread mainstream adoption.
Aptos (APT) has also been making the rounds in the crypto space and social media over the last few months. One of the main reasons why the project caught the attention of the community is the team’s vision for the network.
According to CoinMarketCap, APT is currently trading at $9.71 after a 30.56% increase in price over the last 24 hours, and after reaching a high of $9.95 over the same time period. In addition to this, the crypto is in the green by more than 15% over the last seven days.
In addition to this, the crypto’s 24-hour trading volume is currently in the green by over 200% to now stand at $1,463,647,890. With its market cap of $1,261,762,457, APT is currently the 43rd biggest cryptocurrency in terms of market capitalization.
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The post It is Possible For APT’s Price Pump To Be Very Short-Lived appeared first on Coin Edition.
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Source: Cryptocurrency - investing.com
