A quick 3min read about today's crypto news!
3 Traders’ Aptos Price Predictions and 3 Low Cap Altcoin Alternatives
Some of the top crypto traders including Cold Blooder Shiller have tweeted bearish Aptos price predictions despite its rally to over $10.
Aptos Price Predictions
The controversial new Layer-1 blockchain’s APT token was listed on every major crypto exchange on October 19, following a private sale for venture capital investors.
After its day one pump to around $17 – $30 depending on the exchange – the Binance APT/USDT pair even wicked as high as $100 – the Aptos price then crashed to a low of approximately $6.80, leading some traders to speculate retail investors were being dumped on by VCs.
Cold Blooded Shiller
Nothing goes down in a straight line however, and on October 21 @ColdBloodShill – who has 172,000 followers – predicted Aptos shorts piling in would lead to a short squeeze and a blow off top for the $APT price, before it ‘dies’.
The phases of an $APT rally.
— Cold Blooded Shiller (@ColdBloodShill) October 21, 2022
People begin shorting because “lol it’s a scam and it’s going to 0”
Squeeze.
More shorts open, traders try again.
Squeeze.
Frustration grows for shorts, they try yet again.
We have a blow off top.
Shorts finally flip long.
It dies.
At the time of writing the Aptos price has rallied as high as $10.33 this weekend before a pull back to the $9 level.
SalsaTekila
@SalsaTekila, who has 168,000 followers, also predicted an Aptos short squeeze earlier today at around the $9.30 area.
Posting open interest data from Coinalyze, he noticed the Aptos price had rallied 33% while funding rates were negative – i.e. shorts were paying longs.
https://www.twitter.com/SalsaTekila/status/1584038602241036288Salsa added that he had no open Aptos position, but was wary of shorting altcoin rallies even if a coin is expected to trend towards zero – which is his and others’ long term Aptos price prediction.
Crypto Mocho
One trader that did long Aptos also posted his APT price prediction – @cryptomocho who has 155,000 followers took profit over $9, not wanting to round trip his PnL.
ok toking profit here on $atp
— mocho17™®© | إرادة قوية/Insha'Allah™®© (@cryptomocho) October 22, 2022
not roundtripping this https://t.co/TLevwbyz0l pic.twitter.com/NpStppZmP1
Crypto Mocho posted his Aptos long setup from $7.50 on October 22.
Low Cap Aptos Alternatives
At an APT token price of $9.50, Aptos has a live market cap of almost $1.25 billion and a fully diluted valuation of $9.6 billion.
Three new token presales – that unlike the Aptos private sale are open to the public – that we’ve highlighted in our crypto news coverage are:
- Dash 2 Trade – which has raised over $1.6 million in the past four days
- Calvaria – the most-awaited NFT trading card game of 2022
- IMPT – an eco friendly crypto presale with real world utility
Investing in a new cryptocurrency at the presale stage often has lower risk and higher potential reward than buying into a rally of an asset with an FDV nearing $10 billion – the Aptos market cap is already ranked within the top 50 crypto assets on CoinMarketCap.
A quick 3min read about today's crypto news!
