Aptos is a new layer one blockchain that has just hit the market, with over $1 billion in market cap and premier investors like Andreessen Horowitz, Coinbase Ventures, and Binance Labs. The blockchain is positioning itself as the leading layer one blockchain with a gas fee that is cheaper than Avalanche, more reliable than Solana, and infinitely more scalable than Ethereum. Its theoretical transactions per second were achieved at 160,000, and the gas fee is calculated as a proportion of Aptos. The team includes members who have previously worked at companies such as Facebook, Yahoo, BlackRock, and KPMG.
Should You Buy Aptos? Evaluating the Latest Layer One Blockchain
Are you considering investing in Aptos, the newest layer one blockchain to hit the market? As the Chief Product Officer of cryptocurrency, also known as the CPO Man, I have done my research and am here to give you the inside scoop on Aptos.
Premier Tier Investors
Aptos has a lot going for it, especially with premier tier investors like Andreessen Horowitz, Coinbase Ventures, Binance Labs, and FTX Ventures. These investors demonstrate significant liquidity and make the project more open to retail investors, paving the way for success.
Initial Market Cap
With a market cap slightly over one billion dollars, Aptos has exploded in the market and is already ranked within the top 50 cryptocurrencies. This suggests the project is being groomed for success and has the potential to reach the level of Solana or become the next big layer one blockchain.
Currently, there are 130 million Aptos points in circulation, and the blockchain has already achieved over $1.07 billion in 24-hour trading volume. While Aptos’ dominance is still low at 0.10%, compared with Bitcoin (40%) and Ethereum (17%), there is plenty of room for upward growth.
One key issue to consider is that Aptos has a high annual inflation rate, regularly releasing new tokens. While the blockchain is doing well, at 92% inflation, keeping track of its growth is somewhat challenging. While the inflation rate will decrease over time, it will always be a factor when investing in Aptos.
Promising Transactions per Second
According to Aptos, its blockchain can achieve 160,000 transactions per second, and even though the current rate is 26 transactions per second, the team is optimizing it to reach six-figure transactions per second. The team is positioning Aptos as a leading layer one blockchain, with a gas fee that is cheap and appealing to developers and users of dapps.
While the current Aptos price is at around $8, CPO Man expects the token to experience significant price drops as the recession hits, potentially cutting the price by up to a quarter. At a price of $2, Aptos represents an optimal Buy-in point, with reasonable potential for a 150X gain in one bull cycle.
Aptos boasts a superstar team, with CEO MO and CTO Avery Ching having worked with well-known companies, including Facebook, Yahoo, KPMG, BlackRock, and Tech Stars.
While Aptos has impressive potential, it’s crucial to consider the volatility that comes with investing in any new project. It may take time for the market to stabilize, but with an excellent team, premier tier investors, and a promising product, the potential for big gains is there.