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.
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 initial pump to around $17 - $30 on some exchanges - 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 to speculate retail investors were being dumped on by VCs.
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.
At the time of writing the Aptos price has rallied as high as $10.33 before a pull back to the $9 level.
@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.
Salsa 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 in the long term - which is his Aptos price prediction.
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.
Crypto Mocho posted his long setup from $7.50 on October 22.
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
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