APT’s price pumping can be very short lived by CoinEdition

APT’s price pumping can be very short-lived
  • APT is in the perfect location for short term trades.
  • The killer has taken over the crypto space by storm over the past few months.
  • APT is currently trading at $9.71 after a price increase of 30.56%.

A crypto education user on Twitter named Mac, took to the platform on October 23 to share some information about the price action of Aptos (APT).

APT / US 4h (Source: Binance)

The post advises traders to be extra careful as altcoins pump straight out of the list without any of the sell-offs that usually lead to short selling. The user then went on to explain that it might be a good time to look at short-term trades over the next two weeks.

Aptos (APT) was created by developers from the blockchain project Meta Diem, and is known as Solana’s killer. Aptos has received financial backing from FTX by Sam Bankman Fried, Anddreeson Horowitz, and Multichain Capital.

Blockchain Aptos is designed for a secure, fast, reliable and scalable web3 infrastructure for widespread adoption.

Aptos (APT) has also been making rotations in the crypto and social media space over the past few months. One of the main reasons the project caught the attention of the community was the team’s vision for the network.

According to CoinMarketCap, APT is currently trading at $9.71 after a price increase of 30.56% in the last 24 hours and after hitting a high of $9.95 in the same time period. Also, the cryptocurrency is 15% greener in the past seven days.

Additionally, the cryptocurrency’s 24-hour trading volume is currently more than 200% green and currently sits at $1,463,647,890. With a market cap of $1,261,762,457, APT is currently the 43rd largest cryptocurrency by market capitalization.

Disclaimer: The views and opinions, as well as all information shared in this price analysis, are published in good faith. Readers must do their own research and evaluation. Any actions taken by the reader are entirely at their own risk. Coin Edition and its affiliates shall not be liable for any direct or indirect damage or loss.

The post APT’s Possible Price Pumping in a Very Short Time first appeared on Coin Edition.

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