Aptos [APT] Price Prediction 2023-2024

Aptos [APT] continued to gain momentum since its launch in October 2022, positioning itself as a leading Layer 1 blockchain.

Aptos [APT] has been gaining traders’ attention ever since its launch in October 2022, establishing itself as a prominent Layer 1 blockchain.

As it nears its second anniversary, Aptos is garnering increasing attention from traders and investors.

The blockchain’s success can be largely attributed to its unique utilization of Move technology, setting it apart from other networks.

Trading at around $9 at press time, according to CoinMarketCap, many traders speculate that Aptos could reach $20, fueled by recent on-chain growth.

A key indicator of this growth is the total value locked (TVL), which reached $300 million in September.

In the first week of October alone, it has already matched this value, signaling strong potential for further price increases in the last quarter of the year.

Source: DefiLlama

Liquid staking projects, like Amnis Finance and TruStake, have contributed to this rise, with liquid staking TVL increasing by 28% in September.

APT flow from CEX and staking

Delving deeper into Aptos’ flow from centralized exchanges (CEXs), we observe that, despite a surge in outflows, the netflow — outflows minus inflows — remained at -1.53 million APT on Binance, the largest CEX.

This suggests that more traders are holding their tokens, signaling a bullish sentiment. By reducing the movement of their APT to exchanges, traders indicate a reluctance to sell, anticipating that the price will go higher.

Source: Flipside

Weekly staking data also shows strong support for Aptos. Smart traders have consistently staked APT, with the total staked value averaging over $800 million since the beginning of the year.

Although there was a slight decrease in the percentage of staked APT this week, the daily transaction volume has remained solid, averaging 1.5 million in September.

The highest recorded number of daily transactions reached 2.7 million, reflecting Aptos’ growing activity and potential for further growth.

The number of active users

In terms of user adoption, the number of active users on Aptos continues to rise. Currently, the network boasts over 2 million active users, a 33% increase from the beginning of the year.

Read Aptos’ [APT] Price Prediction 2024–2025

New users have increased by 101% since January, with 1.299 million new users joining the Aptos ecosystem this year alone.

Source: Flipside

With all metrics pointing to significant growth, Aptos looks set for a strong finish to the year, potentially reaching higher price levels as more traders and investors take notice of its robust performance.

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