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Aptos: Contrary to all expectations, the course is turning positive

 


The start of Aptos was more than mixed, because initially there were technical problems followed by the shutdown of the Discord server. This remained accessible, but the chat function was suspended for all users. After that, there was a stock market launch that featured a typical "listing candle", which, however, was accompanied by a lot of criticism.


The fact that Aptos was funded by venture capital and big names like FTX and A16Z are invested made many market observers skeptical. The fear was primarily based on the fact that these investors could flush their cheaply acquired APT onto the market. To a certain extent, this criticism is even justified.


But it also ensured that Aptos was underestimated by many after its IPO. Because the course remained in a stable range until yesterday, but then broke out.


Price breaks out bullish

The external circumstances surrounding Aptos are very reminiscent of Solana, which had to take a lot of criticism last year for almost the same reasons, but also had a brilliant run. Aptos is supposed to scale even better in the end and yesterday the APT price broke out bullish.


At press time, APT is trading at around $9.72, a slight cooldown. Despite the positive picture, the bulls should be careful, because unlike Solana, Aptos cannot use the wind of a bull market. Instead, the breakout succeeds at a point in time that is statistically atypical.


Because October should actually be an overall bullish month. Instead, BTC continues to languish and the high correlation to the US stock market remains. This means that all investors who have either jumped on Aptos or received the airdrop can be happy. It remains a welcome change in what is otherwise still a gloomy and cold bear market.

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