Aptos (APT) Price Prediction

One of the hardest issues that crypto investors face is sorting out the great projects from the projects that are destined to fail. Handfuls of projects have received hype, but not all of them have succeeded. Aptos is a project that has lots of hype. It threatens some of the largest players in the crypto sector and has a strong development team. However, these attributes don’t mean its success is guaranteed. Let’s look at the possible future of Aptos (APT).

What is Aptos (APT)?

Aptos is a Layer 1 blockchain similar to blockchains like Solana and Ethereum. It uses a proof-of-stake (PoS) consensus mechanism. However, the Aptos blockchain uses a parallel execution model to generate throughput and transaction speeds that are better than its competitors. It can process up to 10,000 times as many transactions every second as Ethereum. 

One of the main selling points for the chain is that it is created by Meta developers who based the chain’s language on Rust, a popular coding language. The language is called Move and is supposed to provide a smaller learning curve for developers already familiar with Rust. It also has advantages to Ethereum’s language in that it can be verified easier.

Aptos received funding from a variety of major players in the crypto sector, such as Sam Bankman-Fried, FTX and Binance. In September 2022, it received a $4 billion valuation. 

Aptos (APT) Market Position

In early 2023, APT trades for around $15, with a market capitalization of just under $3 billion. The token’s all-time high in price was  $19.86 on Jan. 26, 2023. The all-time high market cap was just over $3 billion on the same day. Some of Aptos’ major competitors are Ethereum and Solana. 

Julian Lehmann’s Bullish Long-Term Aptos (APT) Price Prediction

Julian Lehmann is a contributing author for Captain Altcoin, a crypto news and opinion site. He sees the token appreciating around 25% to $21.14 by the end of 2023 and over $100 in 2030. 

To justify his price targets, he talks about the potential and existing use cases, as well as the tokenomics and community that surround the project. He explains that investing in the token does have risks, but strong management and development teams can help reduce some of these risks. 

Unnimaya’s Bearish Long-Term Aptos (APT) Price Prediction

Unnimaya is a journalism graduate who writes for TheNewsCrypto, a popular crypto publication. She sees the price of APT hitting strong resistance points in 2023 and ultimately depreciating in price. 

She believes the two major points of resistance will be around $16 and $20. She predicts that the price will fall off from these points, reaching potential lows of $5.53 in 2023. In addition to resistance, she also mentions other technical indicators, such as the 50-day moving average (MA), average directional index (ADX) and relative strength index (RSI). She explains that each of these technical indicators also indicates a potential price depreciation. 

2020s Aptos (APT) Price Predictions

In the past couple of years, several financial news publications have begun using artificial intelligence (AI) to generate 10+ year cryptocurrency price predictions. While these forecasts should be taken with a grain of salt, they can demonstrate a feasible range of outcomes or show what the general market consensus looks like. 

2023 Aptos (APT) Price Prediction

In 2023, many of the AI-generated forecasts see the price of APT appreciating. PricePrediciton.net sees APT reaching an average price of $22.30, and GOBankingRates predicts the price to be between $26 and $31. However, these predictions may be far from the actual price in 2023. 

2024 Aptos (APT) Price Prediction

Crypto Predictions sets a price target of $30 for the end of 2024. Digital Coin Price is even more bullish, with an average prediction of over $35. 

2025 Aptos (APT) Price Prediction

For 2025, many of the predictions begin to deviate towards a wider spread of possible outcomes. For example, PricePrediction.net has an average prediction of $46.74, while Changelly has an average price target of almost $60.

2026 Aptos (APT) Price Prediction

PricePrediction.net sees APT reaching an average price of $67.91 in 2026. CryptoPredictions does not see the price appreciating as much as PricePrediction.net, but still has an average price of $36.76.

2027 Aptos (APT) Price Prediction

AMB Crypto is somewhat less bullish, with an average prediction of $33.28 in 2027. This price level contrasts with Changelly, which has an average price of $123.81. 

2030 Aptos (APT) Price Prediction

The predictions for 2030 have the highest degree of variability. On the high end, GOBankingRates see the price appreciating above $475. On the lower end, AMB Crypto has set an average price of $57.93 for 2030. However, none of the AI forecasts look at the possibility of the token depreciating in the long term. 

Where to Buy Aptos (APT)

Aptos is available on some of the best exchanges available: OKX, Binance (or Binance.US for U.S. users) and Crypto.com. To get started, create an account using an email and password. Verify your account using some basic personal information. Once you have a verified account, you can fund it by connecting a bank account and purchasing APT. 

How Long Will It Take for Aptos (APT) to Reach $50?

A price target that many APT investors have set is $50. This price would be approximately a 230% increase from current prices. For this price target to be realized, many speculators are placing a heavy emphasis on Aptos’ ability to create a usable Layer 1 solution that can compete with some of the biggest players in the space. 

While many of the AI price predictions see the price of APT reaching $50, a catalyst may be needed to send the price soaring even higher. An example of potential catalysts could be celebrity endorsements, an influx of new users or a crypto market rally. It is important to take into account the likelihood of these potential catalysts occurring when deciding on whether or not you think APT will reach $50. 

Where to Store Aptos (APT) Safely

Best Hardware Wallet: Ledger 

Hardware wallets are physical devices that store the keys needed to send crypto and are considered the safest way to store crypto. Ledger offers Nano S Plus and Nano X models, with the Ledger Stax on preorder. The Nano S Plus is the basic hardware wallet offering, with all the necessary features to keep your crypto safe. The Nano X supports greater ease of use, with Bluetooth connectivity and a larger screen. Ledger wallets support more than 1,800 different cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Ripple and all ERC-20 tokens (like Aptos).

Best Software Wallet: Coinbase Wallet

Software wallets store private keys online. Most software wallets are programs or Chrome extensions. Software wallets provide quick and easy access to Web3 applications and projects.

If you are looking for an easy and quick way to obtain APT, Coinbase Wallet is probably the way to go. It has a smooth interface and supports hundreds of tokens. 

Bonus Section: Keep an eye out for new use cases of Aptos, which could attract new users and increase demand for APT. 

Current Crypto Prices

While 2022 was a tough year for cryptocurrency, a bit of a spike in price since the beginning of 2023 has brought hope. Many coins are rebounding from lows, and the markets could be headed in a positive direction.

If you want to see where your favorite tokens stand, make sure to check out Benzinga’s up-to-date price table.

So, is Aptos (APT) a Good Investment?

Aptos has a strong development team, and the technology could be promising. However, many attempts to create a better Layer 1 than Ethereum have been developed or are in the works, and very few have managed to gain market share. If you believe that Aptos has the power to be better than Ethereum and gain users, then it may be a good investment.