The altcoin market is buzzing with excitement as the Aptos token’s price surges exponentially and sparks bullish expectations among its investors. In recent weeks, the APT price has touched multiple highs and aims to extend its bullish momentum further as it shows no sign of slowing down. The astronomical pump in the Aptos price chart has confused investors about whether it is the right time to cash out in profit or hold in the long term for potential gain. Is Aptos The New Hype?The Aptos network, which is an upgradeable layer-1 blockchain, has been continuously breaking its all-time in the price graph. In the last 30 days, the token has gained over 400% in value and continues to draw investors’ attention to bring enough liquidity and buying pressure in the price chart. Aptos has become a sensation in the crypto market as it recently rolled out an announcement of making its smart contracts code open source. Through this development, the Aptos network will head toward achieving more decentralization and will encrypt customizable contracts, creating more reasons for the APT price to hold its upward rally. Aptos is positioning itself as a leader in the layer-1 blockchain sector and giving ruthless competition to Ethereum and Solana. The Aptos market is responding positively to the recent developments, which has brought a significant upward rally and assured analysts of a beginning of an uptrend. What Lies Ahead For Aptos Price?As the Aptos price takes the market by storm, a FUD sentiment arises among investors if the run-up may come to an end. Moreover, technical indicators and on-chain metrics suggest that the APT price has reached its historical local top, and a bottom price range may be on the horizon with a quick sell-off. According to CoinMarketCap, the Aptos token currently trades at $18.71, uptaking over 17% in the last 24 hours. A well-known crypto trader, PS Trade, predicts that the Aptos token is waiting for a downward correction after a cooldown in its recent surge.The analyst predicted that Aptos might witness a selling region after peaking at a price range of $23-$29, from which the APT token may aim for a bearish reversal to the bottom level of $8-$10. However, investors need to stay cautious despite an overall bullish trend in the market, as turmoil in the BTC price chart may create a 180-flip situation for the APT token price.
