Previously, Solana was the best alternative for fast and low-cost transactions. However, now there are more alternatives, and Aptos is one of them, considered as Solana’s strongest competitor. Solana, which has been abandoned by institutional investors, has already suffered significant losses. This environment has paved the way for competitors like Aptos to grow faster.
Aptos News
On July 22, the active account count of Aptos reached 182,000, the highest number since the APT airdrop, and the number of new accounts created in the last two days exceeded 94,000. This could be related to the integration of Chingari, a popular social media app in India, which enables functions such as virtual gifting.
The renewal of popular web2 platforms with blockchain support may trigger larger price movements in the future. With Google Cloud, AWS, and Alibaba facilitating network integrations, many service providers are making it easier to integrate their networks. Furthermore, Unity recently announced developer kits that facilitate the compatibility of games with blockchain.
APT Coin Chart Analysis
So, what is the current situation on the Aptos (APT) price chart? Firstly, network growth is an indicator that supports long-term, stable token price increases. This means that not seeing massive rallies in the short term does not mean that such announcements do not affect the price. When conditions become favorable, the APT Coin price can reflect network growth, albeit with a delay.
The price, which bounced back from the $7.35 support level several times, may be preparing for a new test to overcome the barrier at $7.88. We may observe an increase in demand as announcements regarding network growth spread throughout the day.
Closing above the resistance zone can lead to a target of $10 after $8.35 and $8.77. The target of a double-digit price remains valid. However, it should not be forgotten that the lack of volume in the overall market significantly suppresses many positive developments. At the time of writing, APT Coin is finding buyers at $7.7.
Meanwhile, the king of cryptocurrencies is at $29,900 and has not yet achieved sustained closings above the critical $30,000 level.
