Aptos is a decentralized blockchain and Web3 platform that makes use of a proof-of-stake model to secure and validate transactions that take place in its network. The APT is the native currency of the Aptos blockchain that powers it.
The Aptos coin has been making major investors’ heads turn towards it ever since its TVL shot up to an all-time high of $920 million. This had happened following a spike in the staking activity on the MEXC exchange. The TVL is a metric that is used to measure the total value of a cryptocurrency that is locked into a DeFi protocol. With its increase, the price of the coin shot up 12%.
MEXC staking and its impact on APTOS token
Staking is the process where investors lock up their digital assets for a period of time to help validate and regulate a cryptocurrency’s transactions. In return, they earn rewards that are similar to interest or dividends on a savings account but with increased risks. As the staking process reduces the coin’s circulating supply, it can influence the price of the coin to a great extent.
As various holders staked their fair share of APT coins on the MEXC change, the circulation of the coin in the market has decreased. Even if not by a lot, it was enough to drive the price of the APT coin through the roof.
With this recent development, the TVL of the coin has has skyrocketed to $920 million. Now the traders in the MEXC are given an opportunity to stake their coin in a $1.5 million reward pool and earn up to 20% Annual Percentage Rate(APR) for a 30-day period.
APTOS token’s current market standing
With a ranking of #19 in the CoinMarketCap, the APTOS is one of the top coins in the market. In the last month itself, with a growth rate of 29.44% the coin was on a huge bull run in the market. But in the last week, the bull run somewhat came to a halt. But with the recent outbreak regarding the TVL surge of the coin, a growth rate of 8.6% was noted and the price of the coin came as high as $11.13.
But, it only lasted for a short while. With a downward trend of 4.9%, the coin is currently trading at $10.45. Even though the trading volume of the coin exceeded $450 million in the last 24 hours, the market capitalization of the coin stands at $5.24 billion. As the market is flourishing these days, it is expected that the coin will make its rebound soon and continue its bullish trend in the coming days.
What’s next for the APT coin? Price Prediction 2025-2030
With a series of lows and highs, the APT coin was facing a huge resistance at around $9. Now, that the coin has overcome this key resistance point, in technical terms, we can say that the coin is a bullish run in the market. With this achievement, it is expected that the APT coin may gain even higher market value in the coming days.
For you to fully understand where the APT coin is heading, we have carefully constructed a price prediction table of the coin for the coming years. Kindly refer to it to gain more insights about the coin’s future in the ever-changing crypto world.
| Year | Max Price | Average Price | Min Price |
|---|---|---|---|
| 2025 | $ 42.3 | $ 27.02 | $ 17.85 |
| 2026 | $ 22.67 | $ 14.24 | $ 8.68 |
| 2027 | $ 20.41 | $ 12.23 | $ 9.52 |
| 2028 | $ 33.48 | $ 22.27 | $ 16.43 |
| 2029 | $ 67.56 | $ 42.57 | $ 29.35 |
| 2030 | $ 39.42 | $ 32.82 | $ 26.78 |
Conclusion
As the resistance point of the coin has been overcome, there is a huge chance for the coin to continue its bull run throughout the last quarter of 2024. With its current growth, there is a potential for the coin to soar even as high as $40 by the end of this year. Right now, the long-term forecast of the coin is suggesting a bullish trend.
Even with this, you should be cautious if you’re considering investing in it. It is highly recommended that you should conduct your research before proceeding with the APT coin investment.
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