Aptos (APTO), the cryptocurrency that powers the newly launched Aptos layer-1 blockchain protocol, is enjoying a pop higher on Tuesday amid a surge in trading volumes.
As per CoinGecko, APTO trading volumes were around $300 million in the last 24 hours, impressive for a cryptocurrency with a market cap of only around $1.67 billion.
APTO was last up around 6% on the day and trading near $8.0 per token, having enjoyed some short-term technical bullish momentum following a breakout above a downtrend that had been in play since mid-April and the 50DMA.
Helping spur the upside is the continued strong performance of the likes of bitcoin (BTC) and ether (ETH), as well as rising Aptos network transactions.
As per the official Aptos blockchain explorer, there were 230,000 transactions on Monday, up around 70,000 versus this time one month ago.
That could suggest heightened whale activity on the blockchain and at the very least implies rising utilization, which is bullish for the APTO price.
Price Prediction – Where Next for Aptos (APTO)?
With APTO now above its downtrend from the April highs and its 50DMA, price predictions have become more bullish.
Bulls are targeting a retest of support-turned-resistance in the $9.50 and $11.0 areas.
But to get here, APTO will also need to break above a downtrend from the late-January yearly highs in around $20.
The 200DMA at $9.88 also presents a significant zone of technical resistance.
But assuming the broader crypto market continues performing well, Aptos stands a good shot of pumping.
Aptos Alternative to Consider – Thug Life Token ($THUG)
While Aptos has the potential to perform very well in the near future, crypto investors should always be on the lookout to diversify their holdings.
One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales.
This is where investors buy the tokens of up-start crypto projects to help fund their development.
These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
One such project that they think has a lot of potential is a new meme coin called Thug Life Token.
$THUG – The Next 100x Meme Coin?
Despite only launching a few days ago, brand new meme coin project Thug Life Token has already been able to raise a whopping more than $300,000 via the presale of its $THUG token.
Various industry observers have tipped $THUG to be a major success given the refreshing take it brings to the meme coin space.
$THUG is not based around out-of-fashion dog memes or short-term social media fads, like meme coins created in response to Elon Musk or Andrew Tate tweets.
Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars such as Snoop Dogg back in the 80s.
As the word of $THUG spreads, more degenerates are expected to pile cash into the project.
That’s because Thug Life Token has all of the makings of the next 100x meme coin.
At the presale price of $0.0007 and total maximum supply of 4.2 billion, the Thug Life Token presale only values the coin at a very conservative $2.94 million fully diluted market cap.
That’s much smaller than most other comparable presale projects and the low presale market cap leaves plenty of room for explosive upside.
Get $THUG Before Its Too Late
Meme coin degens have no time to lose when it comes to getting involved in the project early.
That’s because the $THUG presale will end once the $2.058 million mark is hit, or when the 13-day countdown runs out (whichever comes first).
After that, the only way to secure $THUG tokens will be via the project’s airdrop and community rewards campaign or at a potentially elevated price on major decentralized exchanges (DEXs).
Visit Thug Life Token Here
Read the full article here