Aptos Price Soars 250% in 30 Days: Is a Correction Due?

• The Aptos price has dropped by 2% in the past 24 hours, falling to $13.12 today
• Its current price represents a healthy 61% gain in a week and an astonishing 250% jump in the last 30 days
• Aptos was launched in October 2022, when it reached an all-time high of $13.73

The Aptos price has been on an incredible run in the past few weeks, as the layer-one token has experienced a massive surge in value. After dropping by 2% in the past 24 hours, the Aptos price has settled at $13.12, representing a healthy 61% gain in a week and an astonishing 250% jump in the last 30 days.

Aptos is a relatively new altcoin, having been launched in October 2022, when it reached an all-time high of $13.73. It was born out of Meta’s digital currency project, and it uses the same Move programming language. Since then, the coin has seen significant growth, with its 30-day moving average (red) eclipsing its 200-day (blue) in a clear sign of a breakout rally.

The coin’s strong fundamentals have been reinforced by its mainnet, which was released in October 2022. This has enabled Aptos to become a major player in the industry, with the coin being named as the best-performing top-100 coin over the past weeks. While the coin’s future performance is far from certain, it could potentially become one of the best-performing tokens of the year, given its promising fundamentals and the potential of new altcoins which are currently in presale stages.

It remains to be seen whether Aptos will continue its streak of outperformance, or if it will experience a much-needed correction. What is certain however, is that Aptos is a strong altcoin which has already achieved significant success, and could potentially experience further success in the months to come.