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5 reasons why the Aptos (APT) rally could still have wings



Aptos’ APT reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative sentiment toward the token will likely fuel the prices in the short term.

Let’s explore some of the factors that could be propelling the Aptos price rally.

Aptos transaction volume by purpose of transactions. Source: PinehearstNumber of active developers working on blockchains and dApps. Source: token terminalFunding rate for APT perpetual swaps. Source: CoinglassAptos spot trading data. Source: Coingecko

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