Topic: Why is Aptos pumping ? - page 2. (Read 249 times)
It might be just hype and good promotion. The funny thing about promotion, I found out about Aptos because someone on Twitter was asking why is it pumping...
Their NFT marketplace, Topaz, was able to increase significantly the trading volume on it on last Monday, they have a couple of interesting NFT collections, namely Aptomingos and Aptos Monkeys, that gained quite a good interest amongst crypot twitter community users.
Trading volume for Aptomingos only is up 250% over the last 24 hours according to Topaz. (source Coindesk)
Also rising interest in this project is also related into an 3 steps upgrade, to be completed within Q1 this year, which will improve network efficiency and will significantly reduce gas fees.
And even if it is true that sometimes traction generates more tractions by itself I dont' think the two things mentioned above can justify the staggering increase in token prices on their own: in my opinion there is surely something most people ignore about the real reason of it.
Trading volume for Aptomingos only is up 250% over the last 24 hours according to Topaz. (source Coindesk)
Also rising interest in this project is also related into an 3 steps upgrade, to be completed within Q1 this year, which will improve network efficiency and will significantly reduce gas fees.
And even if it is true that sometimes traction generates more tractions by itself I dont' think the two things mentioned above can justify the staggering increase in token prices on their own: in my opinion there is surely something most people ignore about the real reason of it.
It does not need to be a good project to get pumped because all coins can experience this, it can happen because the investor does it after waiting for a long time or also a group that always targets to pump a coin because it has hold it in advance and releases it at the right time to take profit, don't miss it because usually this is only temporary before the market goes in the opposite direction.
Hypes usually happen in a project that has been an influence on known personalities and much more if it was been promoted in social media. In fact, I'd never see any reason why Aptos has been in this situation, it is probably because of manipulation happened. But you are right, things like this have only a short life, they drop again and even will collapse totally.
A thing like this is very risky to invest with, we have to exert caution when investing coins that are in pump especially if they are new projects and have no working products.
It does not need to be a good project to get pumped because all coins can experience this, it can happen because the investor does it after waiting for a long time or also a group that always targets to pump a coin because it has hold it in advance and releases it at the right time to take profit, don't miss it because usually this is only temporary before the market goes in the opposite direction.
Just hype, nothing else. You don't have to overthink everything, especially when an altcoin pumps they are pretty random and sometime are just organized pump and dump schemes which are created to profit from not-so-well-informed traders
Be very careful, do not just FOMO because you have seen a coin or token pump out of nowhere.
Be very careful, do not just FOMO because you have seen a coin or token pump out of nowhere.
Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ?
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ?
For me Aptos is a whale coin. If i remember correctly, then the team behind Aptos has raised more than 400 Million $ from the big VC's. One of them was Alameda (FTX), that is also the reason why the Aptos coin lost a lot of value when the events around FTX unfolded a few weeks ago. Now that everything is recovering again projects that have lost harder than the average before just gain more than the average.
In addition to that though i also think that whales are manipulating the Aptos price. I read somewhere that the first big token unlock of the VC's is happening in a few months or so and that is why they are pumping the price now. As a small investor i would not touch Aptos until all the seed and private sale tokens are unlocked.
Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.
I guess I should note that in the cryptocurrency and blockchain space, there are many projects with similar technology and goals, and it can be challenging for new projects to stand out and gain traction. It's also worth noting that the cryptocurrency market is highly speculative and price movements may not always reflect the underlying technology or fundamentals of a project. Some projects may see sudden price increases due to market speculation or hype, rather than any fundamental developments or advancements in their technology. IMO, Aptos is just one more project among hundreds of projects that basically promise more of the same.
Having that said, it's always a good idea to do your own research before investing in any cryptocurrency project. This includes understanding the project's technology, its team, its community, and its overall potential.
I've read that they've got a good development but yeah, what's that "good" development that's happening and I don't see it. Anyway, we're in a good times of the market know because we're getting near to the halving.
And if it's that, we all know that majority of the altcoins are having their own spotlight and increases before and not that far after the halving.
But, they're right that this is mostly a move of the whales trying to get some profit and will send the price down afterwards.
And if it's that, we all know that majority of the altcoins are having their own spotlight and increases before and not that far after the halving.
But, they're right that this is mostly a move of the whales trying to get some profit and will send the price down afterwards.
Only the seed users are the big players of this projects. So I wonder whose making this big purchases. Im pretty sure airdroppers had dump their apt long time ago when the release of tokens have been made. So Im sure there is a clever and tricky whales trying to force its way up or could be the investors waiting for it to massively pump prior to their token release so when they did get it the price is too high already.
Lots of coins/tokens pump randomly. Maybe there is some insider news that is positive & a select group, aware of the news, are filling their bags. Maybe devs are artificially pumping it?
This is the wild west, altcoin markets sometimes have no logic.
Be careful out there.
This is the wild west, altcoin markets sometimes have no logic.
Be careful out there.
Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.
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