$APT
Heading to 20 🚀🚀🚀
This is your chance to enter a buy on the APTUSDT Chart!
Before I go into chart analysis 📈, I would love us to go through the background study of this project.
The APT crypto project, also known as Aptos, is a Layer 1 Proof-of-Stake blockchain that's gaining attention for its impressive capabilities. Its network can process over 150,000 transactions per second, thanks to its parallel execution engine and Byzantine fault-tolerant consensus mechanism. This is significantly faster than Ethereum's mainnet, which processes around 12 to 15 transactions per second.
Key Features:
- High Transaction Throughput: Aptos' parallel execution engine allows for simultaneous transaction processing, making it much faster than traditional blockchains.
- Move Programming Language: Aptos uses Move, a smart contract programming language developed by Meta's Diem blockchain engineers.
- Web3 Empowerment: Aptos aims to bring mainstream adoption to web3 and empower an ecosystem of decentralized applications (DApps) to solve real-world user problems.
Investments and Partnerships:
Aptos has secured significant funding, with $200 million raised in a seed round led by Andreessen Horowitz (a16z) and another $200 million in a Series A round with participation from notable investors like Dragonfly and Apollo Global. Additionally, Aptos has partnered with Google Cloud to elevate Web3 experiences and with Microsoft to integrate AI and blockchain technology.
Current Status:
As of November 2024, Aptos' market capitalization stands at $6.50 billion, with a circulating supply of 532.85 million APT coins. Its price has seen significant fluctuations, with an all-time high of $19.90 in January 2023 and an all-time low of $3.09 in December 2022.
Chart Analysis 📈 :
APTUSDT has formed a round-bottom in the 1-D TF. It's current position at the 12.0 marker is a resistance zone where it's currently gaining momentum for a higher position of 20.0 as indicated by the pink horizontal ray.
There's possibility that APT will get to a New ATH!
