Is It Too Late to Buy Aptos? APT Price Shoots Up 20% After Microsoft Partnership and This New Meme Coin Secured $250,000 in Funding
In a major move for emerging layer-1 blockchain Aptos, the price has shot up +20% following news of a new partnership with industry giant Microsoft.
Aptos revealed they are expanding tools and services on the blockchain using Microsoft's (MSFT) artificial intelligence technology.
This includes plans for an Aptos assistant chatbot that will act as a customer service function for the Aptos ecosystem, providing support to developers building smart contracts and dApps through the power of Microsoft Azure.
APT Price Analysis: Is it Too Late to Buy Aptos?
With strong fundamental headwinds fuelling price action, APT is trading at a current price of $7.38 (a 24-hour change of -0.31%).
The +20% move to the upside comes amid weeks of bleak price action, which saw Aptos lose -14.5% after falling away from 20DMA support on July 24.
But with the price now trading high again following the push up, APT has reclaimed critical support from the 20DMA - leading some to speculate whether the latest retracement move is over.
Topside trendline resistance saw this week's rally top out around $8.00 - highlighting this as a key price level to watch as APT continues to target an upside movement.
However, Aptos indicators provide some cause for concern, with the RSI now displaying bearish divergence at 58.38 in a strong 'oversold' signal that could demand a period of consolidation.
Yet, the MACD remains bullish, with divergence at 0.047 bolstering the confidence of bag holders.
Upside potential remains targeting a retest of resistance at $8.00 (+8.4%) and downside risk remains minimal with newfound support from the 20DMA at $7 (-5.15%).
This leaves Aptos facing a risk: reward entry of 1.63, a bullish entry, with mileage to run yet.
However, APT isn't the only token on the move, as investors have flocked to an unlikely altcoin presale that is plotting a moon shot as Barbenheimer hype continues to grip audiences.
Meet Shibie: Banking Big on Barbenheimer
There's a new pup in town, and it's gearing up to leave a paw print so indelible that you'll be talking about it for years to come.
Meet Shibie, the glamorous Shiba Inu-Barbie crossbreed ready to take the crypto space by storm - yes, you heard right. Hollywood's blockbuster sensation Barbie and the ever-viral Shiba Inu have joined forces in the form of this disruptive token, set to redefine the meme coin space.
Without wasting a second, the Shibie presale is on with almost $275,000 already raised, and with 60% of supply on offer, tokens are priced at an alluring $0.000167, there's simply no time to waste.
Remember, we're talking about raising a small seed funding round of $999,999, which could sell out in the blink of an eye, considering the buzz around Shibie. So, make your move, and make it fast.
Barbenheimer a Hit With Gen Z Investors
With 1,000x gains or even more on the horizon, Shibie is set to outshine even the brightest stars in the crypto market.
What sets Shibie apart is its unique fusion of two cultural icons – the Shiba Inu and Barbie, creating an alluring charm that's hard to resist.
This playful union of whimsy and glamor, encapsulated in a single token, is sure to captivate audiences and break boundaries as Barbie smashes the 15-year old box office record.
Dedicated to creating a diverse and inclusive community, the Shibie team has allocated 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity.
This strategy ensures smooth trading conditions right from its initial launch while widening $SHIBIE's reach.
With a massive marketing drive in the pipeline, Shibie is all set to make headlines.
The team's strong focus on liquidity and clever marketing ensures a vibrant presence across various media platforms, making Shibie the talk of the town - connect with the Shibie Telegram and Twitter to stay up-to-date.
Be a part of the Shibie revolution – seize the opportunity, invest in the presale, and make your mark in the crypto meme coin vertical.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.