APOTO SURPRISE RISE
A lot of people believe that ICP coin crashed and burned because the exchange platform listed futures for ICP long before the coin started trading. Even though some people think this could happen APT, we can tell for sure whether it could happen. Of course, you know that APT main net was launched last Monday and when it launched, it was least the manipulation of the future was the least of Aptos's concerns. This is because Aptos's users reported speeds as slow as four transactions per. You should know that this is the worse case because the project claim Aptos can handle 160,000 transactions per second.
Aptos only released the tokennomics for apt the day after its main net had launched. They announce that would be airdropping Apt to this that uses the network early. Just like what you think would happen, APT crashed in response to all this chaos but it later recover and reached a new all-time high. The rise of Apt could be because of the hype around Aptos and also the vesting schedule for APT. The vesting click won't happen until next year and this will make the early investors sell less in this bear market. We don't know if APT will perform very well in this bear because it is new smart contract crypto.
APT has a very small ecosystem, the APT price action that we are seeing is based on speculation. As you can see that the Bitcoin market is very low right now but it is very bullish for APT and some other altcoins. It is majorly because of speculation. I think APT has its own risk because it was developed by developers who worked digital project which was crashed by the regulator.
Reference:
source
https://twitter.com/special78122/status/1585742134061187077?s=20&t=WGIMNp3dfAN_RyNA_KbFZg
Still skeptical about APOTO, but who knows, if it sticks then it's only good.
Nice post about cryptocurrency