Aptos (APTO), the cryptocurrency powering the newly launched Aptos layer 1 blockchain protocol, is enjoying a higher breakout on Tuesday amid rising trading volumes.
According to CoinGecko, APTO’s trading volumes hovered around $300 million in the last 24 hours, which is impressive for a cryptocurrency with a market capitalization of only around $1.67 billion.
APTO was up about 6% on the day and was trading near $8.0 a token, having enjoyed short-term technical bullish momentum following a break above a downtrend that had been in play since mid-April and the 50ADM.
Helping to fuel the upside is the continued strong performance of bitcoin (BTC) and ether (ETH), as well as increased transactions on the Aptos network.
according to him Official Aptos Blockchain Explorerthere were 230,000 transactions on Monday, about 70,000 more than a month ago.
That could suggest more whale activity on the blockchain and, at the very least, implies more utilization, which is bullish for the APTO price.
Price Prediction: What’s Next for Aptos (APTO)?
With APTO now above its downtrend from the April highs and its 50DMA, price predictions have turned more bullish.
Bulls are looking for a retest of support-turned-resistance at the $9.50 and $11.0 areas.
But to get here, APTO will also need to overcome a downtrend from the yearly highs in late January around $20.
The 200DMA at $9.88 also presents a significant zone of technical resistance.
But assuming the broader crypto market continues to perform well, Aptos has a good pumping opportunity.
Eligible Alternative to Consider: Thug Life Token ($THUG)
While Aptos has the potential to do very well in the near future, cryptocurrency investors should always be vigilant in diversifying their assets.
One high-risk, high-reward investment strategy that some investors might want to consider is to get involved in cryptocurrency pre-sale.
This is where investors buy the tokens of emerging crypto projects to help finance their development.
These tokens almost always sell very cheap and there is a long history of pre-sales bringing huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto app/platform.
If an investor can identify such projects, the risk/reward ratio of his presale investment is very good.
The Cryptonews team spends a lot of time looking at pre-sale projects to help investors.
One such project that they believe has a lot of potential is a new meme coin called the Thug Life Token.
$THUG – The Next 100x Meme Coin?
Despite only launching a few days ago, the new Thug Life Token meme coin project has already been able to raise over $300,000 through pre-sale of its $THUG token.
Several industry observers have called $THUG a huge success given the refreshing perspective it brings to the meme coin space.
$THUG is not based on old-fashioned dog memes or social media fads, like meme coins created in response to tweets from Elon Musk or Andrew Tate.
Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars like Snoop Dogg in the ’80s.
As word of $THUG spreads, more degenerates are expected to pile money on the project.
That’s because Thug Life Token has all the features of the upcoming 100x meme coin.
At a pre-sale price of $0.0007 and a total maximum supply of 4.2 billion, the Thug Life Token pre-sale only values the coin at a very conservative fully diluted market cap of $2.94 million.
That’s much smaller than most other comparable pre-sale projects and the low pre-sale market cap leaves plenty of room for explosive upside.
Get $THUG before it’s too late
Meme coin degens has no time to waste when it comes to getting involved in the project from the very beginning.
This is because the $THUG pre-sale will end once the $2.058 million mark is reached or when the 13-day countdown ends (whichever comes first).
After that, the only way to secure $THUG tokens will be through the project’s airdrop campaign and community bounties or at a potentially high price on major decentralized exchanges (DEXs).
