As Aptos (APT) Sees Red, Is AiDoge the Way Forward?
The crypto market is currently on a downhill trajectory and has slipped below the $1.14 trillion stronghold to $1.12 trillion.
This significant dip reflects a 0.62% decrease in the last 24 hours. As a result, several crypto assets have slipped into the red zone in lockstep with market movers Bitcoin and Ethereum.
Aptos token has also experienced a significant bearish sentiment, with its entire price chart showing strong red movements.
Could this be an opportunity to buy APT, or will other low-cap crypto gems like AiDoge and Copium help investors cope with the bearish strides?
Aptos Price Loses 2.5% in a Crypto Bloodbath
After enjoying a meteoric ride out to a $1.25 trillion market cap, the crypto market is angling more and more for a major correction.
This sudden switch in tempo is driven by macroeconomic events in the US and a tough regulatory climate for digital assets.
Following this, the emerging industry has dipped to the current market cap of $1.12 trillion, with a possible trend continuation expected.
Proof-of-stake (PoS) layer-1 blockchain protocol Aptos has largely followed in lockstep with other established brands.
Its native token has slipped 2.45% in the last 24 hours, indicating a downtrend of $8.18.
For the past day, the $APT token has traded sideways, showing that it is unlikely the bulls take over operations anytime soon.
On its seven-day price performance, $APT is down 4.28%, with its 30 days price also in the red zone with 20.05% shaved off.
The bloody trail continues with a 90-day loss of 42.94%. However, $APT is in the green zone when it comes to the 180-day price bracket, which shows an 87.97% increase in the stated period.
Its year-to-date (YTD) price performance is also top-notch, with a 135.23% increase locked in since 2023 began.
Meanwhile, compared to this same period last year, the token is up an astronomical 711.34%, raising the question of whether now is a good time to purchase APT as a long-term investment.
Looking at its technicals, we see that the scalable blockchain token is far from a bullish turnaround in the foreseeable future.
The ERC-20 token is seriously trailing its 50-day smooth moving average (SMA) price of $10.8, and its 200-day SMA price of $9.67 does not bring any comfort.
The asset’s relative strength index (RSI) seems to be currently nosediving towards the oversold region with a figure of 33.91.
Its moving average convergence divergence (MACD) is largely inconclusive, with no clear signal to direct investor sentiment.
Given this strong bearish overlay, savvy investors are currently turning their attention to highly profitable assets that could exponentially increase their profit margin within a very short period.
Meme Coins Seem to Be the Next Big Thing; Two of the Best Are on Hot Sales Now
If there is one thing that experienced cryptocurrency investors will tell newcomers, it is that the market travels in circles.
The year 2021 was for Bitcoin and other altcoins, and this year is for meme coins.
Two of the most prominent names in the circle include AiDoge and Copium.
AiDoge is a new-generation blockchain protocol that features a meme generator using the power of artificial intelligence (AI).
The protocol is trained with millions of meme datasets that allow it to provide users with contextually relevant and up-to-date memes that cut into desired socio-cultural edifices.
Much like new-generation AI solutions, this software features a text-prompt system that allows users to type out what meme they want to make in a chatbox and then provides users with the best results.
Where all the $PEPE holders at? 👀😂— aidogecrypto (@aidogecrypto) May 22, 2023
They are missing out on the #AiDoge #Memecoin revolution! 🤦♂️💔
We’re not here to take part, we’re here to take over! 😎
Don't miss your chance to join the $AI #Presale!
👉 https://t.co/5j5tt4smcs#MemeCoin #Crypto $PEPE $FLOKI $ETH $BTC pic.twitter.com/Me4e9wYkO9
On AiDoge, users can become rockstar meme creators, with the best earning its native $AI token and having their works voted on by other users on a public wall feed.
The $AI token will also play a prominent role in the crypto project’s work. This is because it would be used in purchasing credits – a payment mechanism to use the prompts.
$AI has been one of the outstanding meme coins in the crypto space despite still being in its presale.
When your priorities are set on securing that bag of $AI! 🚀— aidogecrypto (@aidogecrypto) May 22, 2023
Who needs fancy wheels when you can fly to the moon with #AiDoge?🐶
Don't let FOMO come back to haunt you! 😂
Get your $AI tokens now before time runs out! ⏰
👉 https://t.co/5j5tt4smcs#MemeCoin #Presale #Web3 pic.twitter.com/dMXhTv7VRu
So far, the crypto meme generator protocol has raised a whopping $11.5 million in less than three months of its launch.
At press time, the token trades at a discounted presale price of $$0.000032 per token.
Crypto investors on the hunt for the next explosive meme token should $AI today for a potential uptrend gain.
Another impressive crypto project turning heads is the $COPIUM token.
A new crypto entrant, this meme project is taking a dynamic twist to the idea of what a meme should be.
Instead of painting a generally positive and fun theme, the innovative project seeks to address crypto investors who have lost substantial amounts after buying into projects.
According to the development team, $COPIUM is a movement that seeks to enable investors to cope with the unpredictable nature of the crypto market.
This way, instead of crying over losses incurred in buying already established assets, they can turn to Copium and make profits.
$COPIUM debuted on Uniswap on May 18th and has already seen significant market trajectories and popularity among crypto communities.
The token amassed up to $40 million in trading volume in less than 24 hours of its launch and is currently trending on DEXTools.
$COPIUM currently has no defined utility. However, the meme coin thrives on hot media hype as it strives to offer greater financial benefits than $PUMP and $WOJAK.
The project is the first of its kind in the crypto space and has drawn several admirers.
At press time, the digital asset is trading at $0.0058, indicating an uptrend of over 40%.
The token has piqued the interest of investors, and it has reached a market cap of more than $5.6 million since its CoinMarketCap debut.
Additionally, the COPIUM token is on course for a centralized exchange listing on the Poloniex platform.