Aptos (APT) Could Still Spike by 8x Despite Ongoing Price Decline: Insights from a Crypto YouTuber
Crypto With James, with more than 85,000 subscribers on X, made a video titled “Aptos (APT) crypto review – has 8x potential,” the analyst behind the video discusses the current state of Aptos. At the moment, Aptos is not experiencing the best performance in terms of price. Despite this, the cryptocurrency maintains a strong market cap, which is notable given the overall market pullback.
This decline can be attributed to the onset of a tariff war, which may persist for some time. The speaker emphasizes the importance of examining Aptos’s price history, especially considering the strength of its team and the project itself.
What you'll learn 👉
Aptos’ Technology and Capabilities
Aptos is a Layer 1 blockchain that uses a proof-of-stake mechanism. One of its standout features is its use of Move, a smart contract programming language that was initially developed by Meta, formerly known as Facebook. While Meta has since abandoned its Diem blockchain project, many engineers from that initiative went on to help establish Aptos.
The primary goal of Aptos is to enhance Web3 adoption and support the decentralized application (Dapp) ecosystem with practical solutions. The project boasts an impressive theoretical transaction throughput of over 150,000 transactions per second (TPS), a figure that would set a new standard in blockchain technology.
Funding and Investment History
The financial backing for Aptos has been substantial. The project raised $200 million in a seed round led by Andreessen Horowitz, with contributions from Tiger Global and Multicoin Capital. This was followed by another $200 million round that included investments from Dragonfly, Apollo, Franklin Templeton, Anoka, and Jump.
Additionally, Binance Labs made a strategic investment, although the amount remains undisclosed. The speaker notes that this could represent one of the largest funding amounts ever raised for a blockchain project.
APT Transaction Throughput and Other Technology
While Aptos claims it can reach a theoretical 150,000 TPS, the actual performance during real-time usage hovers around 55 TPS.
Nonetheless, during peak activity, it has managed to reach nearly 14,000 TPS, which is impressive compared to most other blockchains. The number of daily active accounts is steadily increasing, suggesting good adoption of the platform.
The leadership team behind Aptos includes Mo Shaikh, the CEO, who has a background at Meta and expertise in finance, blockchain scaling, private equity, and venture capital. Avery Ching, the CTO, was a principal software engineer at Meta and worked on the Diem project. Many of the Aptos employees come from Meta, leveraging the technical foundations laid by Diem.
Aptos aims to achieve its theoretical 150,000 TPS by utilizing parallel execution. If successful, this could allow the platform to handle transaction volumes comparable to Visa, an impressive feat. However, until this goal is reached under real-world conditions, it remains a theoretical target.
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Current Market Cap & Project Valuation
As of now, Aptos holds a market cap of around $3 billion, with 188 projects being developed on its platform. The speaker raises questions about whether this market cap is justified. Given its substantial funding and robust support, there is a strong argument for its fair valuation.
If Aptos can achieve its theoretical throughput, it could be particularly well-suited for the gaming sector, which the speaker believes could be a major growth area for the project. Other real-world applications include educational platforms, AI, social media, NFTs, entertainment, and financial services. For instance, Aptos is being used for secure ticketing, as seen with the WonderBus Festival
Despite its potential, there are some limitations to consider. The decentralized exchanges (DEXs) available on Aptos are currently limited, with only Cetus and PancakeSwap being the major platforms supporting it. The speaker expresses a desire to see Aptos integrated into larger DeFi platforms like Uniswap or Radium.
Should Aptos achieve its goal of 150,000 TPS, it could theoretically support a central bank digital currency (CBDC) without issues. However, it currently lacks global compliance with new financial messaging standards. The speaker believes that if Aptos becomes compliant, it could indeed facilitate a CBDC, although he personally does not favor CBDCs.
Aptos’ Historical Price Action & Future Price Predictions
Aptos has been in the market for just over a year and has already seen considerable price fluctuations. It peaked at $20 at launch and has had multiple spikes at $18 and $14. The speaker identifies a short-term target of breaking its previous all-time high of $19.90, which could lead to 4x gains.
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If Aptos enters price discovery mode, it could potentially reach between $20 and $30, a realistic scenario. Although a valuation of $40 to $50 is possible, the speaker was more confident about such figures a year ago. The possibility of reaching $100 to $200 exists but remains uncertain.
The market is heavily influenced by news and is currently reacting to factors such as the tariff war and economic data. Short-term pullbacks may last for a few weeks, and the speaker invites viewers to share their thoughts on Aptos’s potential. Will it reach $40 or $50? Could it rise to $100 or even $200? He underscores the importance of having the right coins in a portfolio, especially during this ongoing bull cycle.
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