Why is Aptos pumping ?

[Len Saldua]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

[DeathAngel]

Lots of coins/tokens pump randomly. Maybe there is some insider news that is positive & a select group, aware of the news, are filling their bags. Maybe devs are artificially pumping it?

This is the wild west, altcoin markets sometimes have no logic.

Be careful out there.

[cryptoaddictchie]

Only the seed users are the big players of this projects. So I wonder whose making this big purchases. Im pretty sure airdroppers had dump their apt long time ago when the release of tokens have been made. So Im sure there is a clever and tricky whales trying to force its way up or could be the investors waiting for it to massively pump prior to their token release so when they did get it the price is too high already.

[livingfree]

I've read that they've got a good development but yeah, what's that "good" development that's happening and I don't see it. Anyway, we're in a good times of the market know because we're getting near to the halving.

And if it's that, we all know that majority of the altcoins are having their own spotlight and increases before and not that far after the halving.

But, they're right that this is mostly a move of the whales trying to get some profit and will send the price down afterwards.

[Blawpaw]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

I guess I should note that in the cryptocurrency and blockchain space, there are many projects with similar technology and goals, and it can be challenging for new projects to stand out and gain traction. It's also worth noting that the cryptocurrency market is highly speculative and price movements may not always reflect the underlying technology or fundamentals of a project. Some projects may see sudden price increases due to market speculation or hype, rather than any fundamental developments or advancements in their technology. IMO, Aptos is just one more project among hundreds of projects that basically promise more of the same.

Having that said, it's always a good idea to do your own research before investing in any cryptocurrency project. This includes understanding the project's technology, its team, its community, and its overall potential.

[Jackl87]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ?

For me Aptos is a whale coin. If i remember correctly, then the team behind Aptos has raised more than 400 Million $ from the big VC's. One of them was Alameda (FTX), that is also the reason why the Aptos coin lost a lot of value when the events around FTX unfolded a few weeks ago. Now that everything is recovering again projects that have lost harder than the average before just gain more than the average.
In addition to that though i also think that whales are manipulating the Aptos price. I read somewhere that the first big token unlock of the VC's is happening in a few months or so and that is why they are pumping the price now. As a small investor i would not touch Aptos until all the seed and private sale tokens are unlocked.

[JeromeTash]

Just hype, nothing else. You don't have to overthink everything, especially when an altcoin pumps they are pretty random and sometime are just organized pump and dump schemes which are created to profit from not-so-well-informed traders

Be very careful, do not just FOMO because you have seen a coin or token pump out of nowhere.

[Strongkored]

It does not need to be a good project to get pumped because all coins can experience this, it can happen because the investor does it after waiting for a long time or also a group that always targets to pump a coin because it has hold it in advance and releases it at the right time to take profit, don't miss it because usually this is only temporary before the market goes in the opposite direction.

[Questat]

It does not need to be a good project to get pumped because all coins can experience this, it can happen because the investor does it after waiting for a long time or also a group that always targets to pump a coin because it has hold it in advance and releases it at the right time to take profit, don't miss it because usually this is only temporary before the market goes in the opposite direction.

Hypes usually happen in a project that has been an influence on known personalities and much more if it was been promoted in social media.
In fact, I'd never see any reason why Aptos has been in this situation, it is probably because of manipulation happened. But you are right, things like this have only a short life, they drop again and even will collapse totally.

A thing like this is very risky to invest with, we have to exert caution when investing coins that are in pump especially if they are new projects and have no working products.

[hopenotlate]

Their NFT marketplace, Topaz, was able to increase significantly the trading volume on it on last Monday, they have a couple of interesting NFT collections, namely  Aptomingos and Aptos Monkeys, that gained quite a good interest amongst crypot twitter community users.

Trading volume for Aptomingos only is up 250% over the last 24 hours according to Topaz. (source Coindesk)
Also rising interest in this project is also related into an 3 steps upgrade, to be completed within Q1 this year, which will improve network efficiency and will significantly reduce gas fees.

And even if it is true that sometimes traction generates more tractions by itself I dont' think the two things mentioned above can justify the staggering increase in token prices on their own: in my opinion there is surely something most people ignore about the real reason of it.

[Supianto]

It might be just hype and good promotion. The funny thing about promotion, I found out about Aptos because someone on Twitter was asking why is it pumping...

[TastyChillySauce00]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ?

To be honest aptos was not offering something special but you shall know how crypto market works today. aptos was offering the same thing like what already offered by another projects.

Or is it because this
project is new or something ?

That project was still new and there was no a pump that ever happened before. that is how crypto market is working. Sometime a new token will be pumped so high after it was getting dumped but yeah it will come back again to the its low price in the future.

Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

It's only used as pump and dump coin to make money from the market . no more.

[electronicash]

i guess it's considered again an ETH killer as well?  they all fail though like the previous L1s.
to what i have heard about Aptos, the people behind Solana are also the ones that are backing Aptos who are also the FTX people. i'm not sure how true this information is but we can read it from this article. 

Moreover, the team at Aptos has been actively hiring, most notably they have acquired several former Solana staff such as Austin Virts, former Head of Marketing at Solana.

[Blitzboy]

We will never understand the market fully. Just follow the trend, accept the myth but still have a sharp mind to stay away from FOMO. Coins are just randomly pumped and dumped and when they do, FOMO is what make it rise even higher

I have read about Aptos, they are indeed good project. But buying their tokens at this point is not a wise decision. I will choose to stay behind the scene and wait for a good shorting position.

[evichi]

I think Aptos pumping could be as a result of the following: First, prominent personalities and institutions invested heavily in the Aptos project, so basically, this will attract more individuals as well as more institutions to key in, buy/invest in the project which will make the value to go up. Secondly, Aptos technology promises to execute faster transactions when compared to that of Ethereum (https://coinmarketcap.com/currencies/aptos/), as well as other unique qualities - this will equally attract more investors as well as more exchanges. Exchange like Pancakeswap, have also keyed in to Aptos  ecosystem, and many more crypto institutions are keying in. Another reason could be the recovery from FTX collapse since Sam Bankman-Fried’s FTX was a supporter of Aptos project. Aptos project is backed by key engineers and crypto experts some of whom were formerly Facebook’s Diem blockchain engineers. All these have the possibility to attract attention to Aptos project leading to a spike on the value, just my humble opinion.

[tvplus006]

...Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

Investors have a large number of coins concentrated, which will be unlocked within 10 years, according to the established schedule. Those coins that are currently traded on the market are not enough to meet the demand for APT. Even the first unlock of coins could not meet the demand and the price of the coin continued to increase. In this case, the price of the coin may increase many times until the demand equals the supply.

[CryptoYar]

Why is Aptos pumping ?

I was also curious to know this and googling i found this article.

Reason no.1: Launch Timing
When it was launched, there was fear in the market, then it did not get much attention and as soon as the market started recovering people started investing in it.

Reason no.2: Aptos $57.75m TVL. ( here is direct link to it: https://defillama.com/chain/Aptos

Reason no.3: short liquidations ( according to, CoinGlass data short liquidations on APT (including $14 million on January 20 alone)

Reason no. 4: NFT projects launch ( As generally these projects accept the native token of blockchain,so people started buying aptos coin in order to purchase the nfts which increased the demand and price went up)

i guess it's considered again an ETH killer as well?  they all fail though like the previous L1s.

I think Aptos is a direct threat to Solana as it has already taken the title of fastest blockchain from Solana.

[DanWalker]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

Let's ignore why APT is pumped so hard because when bitcoin goes up, the whole market goes up too. But in my opinion, if you want to invest in altcoins, you should choose new and potential projects instead of old ones. Already invested in altcoins, the risk is almost the same, but the return on new altcoins will always be more profitable, they are easier to pump than the older altcoins with large caps. There is still an investment opportunity with APT because the real bull season is yet to come, but let's ignore it for the next bear season, that's how I invest in altcoins.

[zasad@]

Okay, I know that the founders are pretty clever and accomplished, but you could say that of
just about every Layer 1 project. Why is Aptos special ? What does it bring to the space that other
L1 projects can not offer ? We already have too many of these, all of them run by geniuses, all of them
with ground-breaking technologies, and I don't see any of them pumping the way Aptos is ? Or is it because this
project is new or something ? Frankly I don't get why Aptos is so important, but I'm open minded, and
willing to listen.

You need to study the tokenomics of the project. The next token unlocks will be in November 2023, but so far there are very few tokens on the market. This is an airdrop and some ecosystem tokens. According to analytics, more than 95% of all available tokens are on 20 wallets, but there are also exchanges in this list. The greed of the manipulators can raise the price to the maximum values, and in November there will be a sale of the tokens that are being compromised.

[Bitstar_coin]

Probably investors and traders are not yet done with the hype, the project is relatively new and many investors did not have the opportunity to react into buying the project the way they should.
Aptos may be a solid project and have good prospect but that's not enough to pump this coin so hard, I guess we would find out by November when the next tokens are unlock. Those who are beneficiary of the airdrop must be very pleased with this sudden price hike.