The year 2023 has so far been a positive one for cryptocurrencies, especially the twenty sixth cryptocurrency, Aptos which has offered 10x profit to investors. Aptos which was launched in mid-Oct 2022 has managed to gain more than 400% since 2023. The altcoin also hit an all-time high of $19.61 on January 26, 2023.
At the time of reporting, Aptos is trading at $17.87 with a fall of 0.51% over the last 24hrs.
Aptos To Face A Huge Sell Off
While Aptos investors are enjoying their profits, most of the industry experts believe it to be a pump and dump event which will see a pull back soon. One such crypto analyst known with an anonymous name, Kaleo. The analyst is trying to inform his 559,500 Twitter followers that this smart contract-enabled blockchain will soon see a sell off against the US dollar.
Kaleo claims that when Aptos is compared with Bitcoin which is about to form an upward movement, Aptos will most likely see a massive sell off.
However, it is also important to note that Aptos, which started the year 2023 at $3.45, managed to hit an all-time high of $19.61 just a day ago. This phenomenon points towards the currency’s massive bull run.
Bitcoin At $45K
On the other hand, Kaleo also spoke about Bitcoin’s price action where he claimed that the flagship currency will soon overpower altcoins. Further the analyst believes that Bitcoin might soon move towards $45,000 level before sliding below $30,000 this year.
At the time of writing, Bitcoin is valued at $23,104 after a surge of 1.25% over the last 24hrs.
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- Source: https://coinpedia.org/altcoin/a-massive-sell-off-for-aptos-ahead-claims-top-analyst-while-he-updates-target-for-bitcoin/