APTOS Diverges from Crypto Market

Undoubtedly, Aptos airdrop is one of the most rewarding and easily received airdrops of the crypto ecosystem. The project had a massive hype around it due to the Virtual Capitals invested in the early times and the community created in a short time.

Aptos has always been under the radars of crypto influencers. For some people, Aptos is the next strong Layer 1 that will compete with Ethereum while others claim that it has lost its reputation with the collapse of FTX.

Let's talk about Aptos considering its strength and weaknesses.

APTOS is a VC Chain 🐻

It seems like a red flag for many people if a project is majorly owned by some early investors who have enough power to manipulate the price and DAO of the coin. However, if we frankly check the past and current situation in crypto, we will clearly see that VC chains have always got hyped even more than the rest.

Take a look at SOL, the early times of LUNA, LINK and several other examples. People do not care about the influence of the VCs over the project. Contrarily, some people enjoy the involvement of VCs assuming that they are a sign of bullish sentiment for the price of it.

We may see the overpower of VCs but it is not a big deal for crypto. (You can hardly hot count projects that are not VC-driven projects)

Market Seeks Fresh Blood 🐂

It is not surprising for us to see that Optimism, Arbitrum, Aptos, and Hedera have some attention on them. The market only wants to spot next-100x-project regardless of the developments on the other sides.

The market cares about next Solana, next Avalanche or new dog/cat community through which they can make millions with little investment and more shilling.

Here we have 4x in 4 weeks in the price of Aptos. They said it is over because Aptos is supported by FTX, it is a VC chain and so on so forth. Eventually, it is seen as the new Solana / Avalanche of next bull market. Sometimes we should realize that some people try to manipulate our thoughts and emotions collaboratively in crypto.

APTOS Ecosystem Accumulates Power

There are some blue-chip projects on Aptos that gather attention via NFTs such as Aptomingos. They are rewarding the hodlers via new NFT drops and vouchers / rights for upcoming series. Eventually, the liquidity is driven on the chain as it is intended. Please check Topaz to learn more about APTOS NFT furry.

In terms of De-Fi:

As DefiLlama provided data, the De-Fi market is also strengthening its position and getting more liquidity. Though the NFT market is prioritised, the existence of Pancake and some community-supported projects are attracting a lot attention.

I do not think the market will let us buy Aptos below $8 even if Bitcoin fals back to $15,500 levels. I always have an eye on the project and the growing ecosystem of Aptos. We may create an Aptos LeoCommunity to talk more about it on Hive & LeoFinance ✌🏼

Posted Using LeoFinance ^Beta