FOMO

Aptos

Base

Rise

<div class="watcher-guru"> 
 <p>A day ago, <a rel="noopener noreferrer nofollow" title="Aptos" href="https://thebittimes.com/tag/aptos.html">Aptos</a> and <a rel="noopener noreferrer nofollow" title="Microsoft" href="https://thebittimes.com/tag/microsoft.html">Microsoft</a> announced a new partnership to deploy new offerings that combine AI and blockchain technology. The two companies will also be exploring blockchain-based financial-service products like&nbsp;CBDCs, asset tokenization, etc. to expand the use cases of blockchain. <a rel="noopener noreferrer nofollow" title="Aptos" href="https://thebittimes.com/tag/aptos.html">Aptos</a> will run&nbsp;validator nodes&nbsp;on <a rel="noopener noreferrer nofollow" title="Microsoft" href="https://thebittimes.com/tag/microsoft.html">Microsoft</a> Azure to bolster the security of its network. On the news of this development, the price of <a rel="noopener noreferrer nofollow" title="Aptos" href="https://thebittimes.com/tag/aptos.html">Aptos</a>’ native token, <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a>, rose by around 17%.</p> 
 <p>When the price of the asset rose, bears lost funds owing to the spike in short liquidations. However, the hype seems to have cooled down now. From yesterday’s high of $8, <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> retraced to $7.29. As a result, the long liquidations were more than two times the short liquidations [$455.6k vs. $198.37k] at press time.</p> 
 <p>Nevertheless, Aptos’ development rate has been rising since the beginning of the month. Parallelly, its volume has been hovering at its highest level since March. These factors strengthen the fundamental base of APT. Posting about how this could trigger the price of the asset to climb higher, a recent analysis by Santiment noted,</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>“<strong>However, the crowd showed major FOMO but has calmed down. However, rising volume &amp; dev. activity may foreshadow another higher high.</strong>“</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="524" src="https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp" alt="" class="wp-image-106379" srcset="https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/c771fcd250cb51611686b06d44a6f534.webp 1260w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Santiment 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: Coinbase: ‘Fresh’ Whale Wallets Created in 2023 Drive Activity on Base</strong></p> 
 <h3 class="wp-block-heading" id="h-aptos-price">Aptos Price</h3> 
 <p>From the 2023 peak of $20.400, created in January, <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> is down to $7.3. If <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> capitalizes on its fundamental positives, it could renew its rally by another 21.7% to claim $8.94. However, it will have to successfully test $8.1–$8.2 before that. Around this price, <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a>’s path has been hindered a handful of times since July 2023. However, if the <a rel="noopener noreferrer nofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> market continues correcting, then the asset could drop to $6.5 for support over the short term.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="452" src="https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp" alt="" class="wp-image-106380" srcset="https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 1024w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 300w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 768w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 1536w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 380w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 550w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 800w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 1160w, https://cdn.thebittimes.com/images/2023/08/10/7dd74ea71acd51d318964ee51b60b934.webp 1787w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    APT/USDT by TradingView 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: Bitcoin Isn’t Going Away Soon: David Rubenstein</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>APT</li> 
  <li>Aptos</li> 
  <li>Microsoft</li> 
 </ul> 
</div>

Another Aptos 'Higher High' in the Making: 20% Rise Likely?

Table of Contents

TheBitTimes

Other articles published on Aug 10, 2023

XRP Legal Battle Escalates, Anticipation Grows Over SEC Appeal Denial

13-Year Bitcoin Hold Turns $19.50 into $6.5 Million; A 5 Billion% Profit

Riot Platforms Released Q2 2023; Produced Over 1700 Bitcoins

DoJ Says Bankman-Fried Went Beyond His Constitutional Right

BREAKING: Bittrex Agrees to Pay $24 Million to Settle with SEC

Riot increases Bitcoin production by 27%

Join our free newsletter for daily crypto updates!