The price of Bitcoin $104,586 is back in six-figure territory, yet most altcoins have not recovered from recent declines. The presence of cryptocurrencies that have dropped to last year’s lows renders the six-figure BTC price less meaningful. So, how much will APT Coin be worth?
APT Coin Insights
Aptos has yet to witness its first real bull season and is performing well as a competitor to Solana $240. Will its price reach three-digit levels like SOL Coin? Currently, the market is preoccupied with losses stemming from Trump’s electoral victory. Notable analyst Michael Poppe has commented on APT Coin, stating:
“This range is the right time to accumulate. APT is one of them. Exceeding 8 dollars could lead to an immediate move towards 10.50 dollars, and as the next significant impulse comes, it is likely to continue towards 15-20 dollars.”
With a market cap of 4.3 billion dollars, APT Coin ranks as the 33rd largest cryptocurrency. Its trading volume has dropped to 200 million dollars after climbing to the 20-dollar range at the beginning of 2023. At the end of 2022, it fell to a bottom of 3.09 dollars during the major cryptocurrency crash, from which it has not substantially recovered.
Cryptocurrency Market Perspectives
Tomorrow, we will see further movement in cryptocurrencies following the Fed’s statements. It is likely that an interest rate cut will be skipped. However, Fed Chair Powell’s comments reflecting despair over inflation may drag risk markets down due to the risk of renewed rate hikes.
Consequently, losses experienced due to DeepSeek have yet to be compensated in tech stocks, and Powell’s afternoon statements could yield adverse effects. NVIDIA shares dropped about 18% yesterday, while a slight increase today has reduced losses to 13.3%.
Crypto Fella remains optimistic, claiming that the latest wave for BTC has begun, with prices approaching 120,000 dollars, suggesting that the last significant decline is behind us.
“Bitcoin: are you ready? The last wave has started.”
Yoddha emphasizes Ethereum $3,352’s market dominance, which reached 22% in 2021. Currently, ETH dominance is around 11%, and its increase is essential for a rebound in altcoins.