Aptos price is down 2% in the last 24 hours, falling to $13.12 today after a very strong weekend for the Layer 1 token. Its current price represents a net gain of 61% in one week and an astonishing leap of 250% over the past 30 days.making APT the best performing coin in the top 100 during these periods.
However, as strong as APT’s performance has been in recent weeks, it won’t necessarily end up as one of the best performing tokens of the year. That honor could go to a variety of new altcoins, which are currently holding their respective presales and could post some pretty big gains once they go public given their promising fundamentals.
The price of Aptos explodes
APT’s chart illustrates how big the new altcoin has taken off in recent weeks. More specifically, sthe 30-day moving average (red) has completely eclipsed its 200-day moving average (blue)which once again illustrates the obvious fact that APT has made a big leap forward.
The problem is, with his 30-day average now so high, it is possible that it is going to undergo a correction logically. This suspicion is reinforced by its Relative Strength Index (purple), which, after hitting 90, has steadily declined towards 50, and could fall further.
Regardless of the timing of APT’s inevitable drop, it remains a strong altcoin in terms of fundamentals. Born out of Meta’s failed digital token project (uses the same Move programming language), it launched in October 2022 and hit an all-time high of $13.73.
Given the project’s pedigree and the fact that Aptos has raised hundreds of millions of dollars in venture capital, many investors are betting on its long-term success. In theory, the Move language makes Aptos highly scalablealthough it has not yet gained significant adoption or usage.
Indeed, some observers have disputed that it is really all that it claims to be. For example, its developers claimed it can achieve 100,000 transactions per second, but when it launched it only achieved 4 tps and 27 tps the following dayswhich is far from its theoretical ceiling.
Perhaps even more harmful, APT has been criticized for having highly centralized token distribution. 80% of its total supply of one billion tokens is currently in stake, indicating that the majority of the supply is aimed at insiders, rather than the market or a wider community of users.
In response to these criticisms, Aptos has released the true state of the distribution with 49% going to its major contributors, the Aptos Foundation and private investors. The other 51% was reserved for its “community”, but again that probably means the developers.
As is, Aptos appears to be a fairly centralized cryptocurrency and may struggle to earn the full trust of the larger cryptocurrency community. However, she has had some really good weeks which could indicate that the market is heating up for her.
Should you invest in Aptos now?
Given that APT appears to be at the peak of its recent rally, it could very well be on the verge of a pullback. Therefore, investors may prefer not to buy the altcoin until a correction occurs and it bottoms out, looking for alternatives in the meantime.
Conversely, presale tokens offer some of the greatest opportunities to make a big profit, even during a bear market. This was seen with Tamadoge (TAMA), for example, which is up 1800% from last year’s presale price when it was listed by OKX in October.
With this in mind, we have selected three of the most promising token sales of the moment. Each of them is about projects with solid foundations, talented teams and clear roadmaps, which give them a strong chance of success.
Metamasters Guild (MEMAG)
After raised over $1.2 million in its pre-saleMeta Masters Guild is a winning gaming platform that is fast becoming popular with investors. Indeed, the second phase of its sale has just been completed, raising the sale price of its MEMAG token from $0.01 to $0.016.
Meta Masters Guild, which will launch its first game – Meta Kart Racers – in the third quarter of 2023, is a mobile-focused gaming guild that will develop a range of web3 and money-making games. Its native token, MEMAG, will be used for governance purposes as well as staking and buying items and NFTs.
Fight (FGHT)
Fight Out (FGHT) is a move-to-earn platform which, when launched in the second quarter of the year, will combine real life workouts with Web3. Aimed at advancing the money-making movement industry, it will facilitate a broad range of workouts and activities, including boxing, weightlifting, and yoga, while offering a variety of in-app and IRL classes at various gyms around the world.
Its token sale started in December and has already been raised over $3.2 million, with 1 FGHT currently selling for $0.0166. The sale will close on March 31, with listings commencing on April 5, when the coin has the potential to generate above-market returns for early investors.
C+Load (CCHG)
Running on the BNB chain, C+Charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations.. Having raised just over $370,000 in its presale, it aims to use blockchain and cryptocurrencies to democratize access to carbon credits, with its native CCHG targeted for use within its network by EV owners to pay for the charging of their vehicles.
C+Charge will reward users with NFT-based carbon credits to recharge their electric vehicles at its stations, encouraging people to go green. The company has also already signed partnerships with Flow Carbon and with Perfect Solutions Turkey, adding 20% of EV chargers in Turkey to its network.