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Aptos (APT) Soars 18%: Is a Reversal Imminent?

• Aptos (APT) coin has surged 18% this week, trading above $6.87 on Tuesday.
• The Aptos network has recorded a sharp uptick in the number of daily active addresses in the past three months. It also raised $200 million in a seed funding round led by Andreessen Horowitz, and another $150 million in its series A funding round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto.
• The market outlook for APT is positive, with experts arguing for a possible price reversal if it breaks above its logarithmic falling trend on the daily time frame.

Aptos (APT) Price Surges

Aptos (APT) coins have surged 18%, trading above $6.87 on Tuesday after dropping as low as $5.36 earlier this month. Over 82 percent of APT coins amounting to 861,393,064 units have been staked by more than 4.1 million accounts on the Aptos network.

Record High On-Chain Activity

The project has seen an increased amount of attention from the crypto industry due to its team of developers and investors, leading to record high levels of activity on-chain according to data from aptscan.ai – an analytics tool native to the Aptos chain – which recorded 162,071 daily active transactions — up from 75,806 just 3 months ago in March 2021.

High Profile Funding Rounds

The project raised a whopping $200 million in a seed funding round led by venture capital firm Andreessen Horowitz (a16z), followed by another $150 million series A funding round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto — significantly increasing the value of Aptos tokens held by investors and validators alike..

Market Outlook Positive

As Bitcoin edges higher due to increased whale interest and large investment management firms filing for Bitcoin ETFs, providing institutional customers crypto exposure – experts argue that Aptos could see a 38% price increase if it breaks above its logarithmic falling trend line on the daily time frame – signifying an imminent market reversal for APT tokens holders across exchanges worldwide..

Conclusion

Despite being down 65% from its all-time high around $19.92 earlier this year – there is much reason to be optimistic about future prospects for the Aptos network given its vibrant development team and recent success with high profile investments rounds – as well as sustained levels of activity across its blockchain network becoming increasingly evident over recent weeks..