What is APT?
Aptos is a layer 1 blockchain that uses proof of stake consensus mechanism
The apt coin is used to pay transaction costs on aptos blockchain
APT birthdate:
Oct 12,2022
APT owner:
Avery Ching and Muhommad Shaikh
Category:
Layer 1
Circulating supply:
220,376,155 APT
Market cap:
1,572,987,561
Ranking:
34
All time high
$19.90
All time low
$3.09
Aptos Language and Working:
Aptos blockchain is used to make smart contracts with high security
Aptos uses move programming language
Move is very flexible and allow flexibilities,transaction and contracts easily
Concerns about APT:
On October 17, 2022, the Twitter
user ParadigmEngineer420 raised various concerns about Aptos.
He said that apt is broken it has lower tps than btc and majority of
coins are staked or ready to dumped on retail investors.
The users also expressed difficulties in connecting to validators
who are incharge of initially verifying transaction.
According to ParadigmEng420, the majority of these transactions aren’t actually
transactions. Theyvact as validators that exchange information make block
checkpoints and add blockchain metadata.
Aptos also announced that the private investors and core
contributors will be subject to 4 years lock up. This might discourage
potential buyers.
Major Investors in APT:
Binance labs
FTX
Multicoin Capital
Jump Crypto
Microsoft
Advantages and favours of APT:
1. Scalability: Aptos blockchain is designed to be highly scalable,
which means it can handle a large number of transactions per
second. This is a significant advantage for businesses that
need to process high volumes of transactions quickly.
2. Security: Like other blockchain platforms, Aptos offers a high
level of security. The decentralized nature of
blockchain technology means that it is resistant to fraud and
hacking.
3. By eliminating the need for intermediaries, Aptos can help to
reduce costs. This can make it a more cost-effective solution
for businesses.
COMMUNITY
MAJOR Platforms
It has major communities on Discord,X,Linkedin
It is pretty active on all platforms
Predictions:
As aptos has recently partnered Microsoft it has gone bullish
and might hit 100k its hard but not impossible it might take
several years even decades
Before hitting next year aptos might reach $ 6.23 and $ 13.22
Aptos will increase by 79.45% and reach $ 13.22 if it reaches the
higher value target for 2024.
APT token from 2027 is expected to constantly rise for next 4
years. APT token price prediction for 2030 is 414.96USD.
Latest News:
APT Experiences a Decline in
Value Following Partnership with
Microsoft
Atp despite being partnered with such a huge company Microsoft
faces a decline of total trading volume of 50% while loss of 2.5% in
24hours
Personal review:
Despite the falling price there is a great chance that the coin will
rise the downtrend might be just a fuel for the coming massive
uptrend so it will be good decision to invest in it for long run.