Will Aptos Market Cap Recover After $134 Million Token Unlock?
December 6, Aptos (easy) has a market capitalization of nearly $8.25 billion. However, as of now, the market value has fallen to $6.36 billion, with nearly $2 billion evaporated in just five days.
This sharp drop coincides with expectations for the upcoming token unlock, an event that could trigger major events volatility For APT.
Aptos suffers heavy losses from supply shock
As the price rose to $15.25, Aptos’ market capitalization rose to over $8 billion. For context, market cap is calculated based on the product of price and circulating supply. Therefore, when prices increase, market capitalization also increases.
Additionally, if the price of a cryptocurrency stagnates but the coins in circulation increase, then the market capitalization will also increase. Take Aptos as an exampleThe drop in market capitalization may be attributed to a decline across the market, with many altcoins seeing their prices fall from the peaks they hit last week.
In addition to this, the decline may also be related to Token Unlock Program Happened today. Token unlocking refers to the release of previously locked cryptocurrency tokens to the public, usually as part of a vesting program or promotion.
This mechanism plays a vital role in the cryptocurrency market, ensuring controlled and strategic allocation of tokens to effectively manage circulation and market stability. According to Tokenomist (formerly Token Unlocks), Aptos will release Accounting for 2.11% of its total supply, it is currently worth $134.47 million.
Once unlocked, this event could cause significant volatility around APT. Additionally, an upcoming supply shock could also cause Aptos prices to fall if buying pressure fails to offset it.
APT Price Prediction: Token Drops Below $10
A few days ago, Aptos price is trading Within an ascending triangle. Ascending triangles are generally bullish and indicate that the uptrend is likely to continue. However, as of this writing, the altcoin has clearly fallen below the technical pattern’s neckline, show The bullish breakout has expired.
Additionally, the cumulative volume delta (CVD) has dropped into negative territory. Differences between CVD measurements Purchase volume and sales volume. When it is positive, it indicates that there are more buying than selling.
On the other hand, if it is negative, it indicates greater selling pressure, which is the case with APT. With this positioning, Aptos price could drop to $9.65 in the short term. But if surge in demandthis may not happen and the value may climb to $15.33.
Disclaimer
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