Aptos Price (APT) is a layer 1 proof-of-stake (PoS) blockchain with strong momentum, reflecting a robust bullish trend. Since the U.S. elections, the token has surged alongside other cryptocurrencies, becoming one of the best-performing tokens in recent days. Currently, Aptos is poised to break through and seems set to challenge the $20 mark, potentially pushing it to historical highs, especially after Bitwise announced its upcoming ETF.
Aptos stock price is expected to reach $20 after the launch of the Bitwise ETF
With Bitwise announcing the launch of the Aptos ETF in Switzerland, Aptos's price is expected to soar, potentially reaching $20. Major player Bitwise in the asset management field plans to list the ETF on Switzerland's main stock exchange, SIX, to enhance its credibility and appeal.
The Aptos ETF will include staking features, bringing more benefits to investors. The launch of the Aptos ETF solidifies its position in the cryptocurrency field, attracting both traditional and digital asset investors.
Bitwise's initiative reflects the growing interest in Aptos and aligns with Swiss regulations supporting cryptocurrency. Many anticipate that this ETF listing will drive top altcoins to new price levels.
Bullish momentum drives APT price surge
Fueled by renewed market interest and favorable market conditions, the price of Aptos has surged 50% in the past week.
At the time of writing, APT's latest price hovers around $12.25, with a daily increase of 8%. The recent rebound reflects the growth momentum of cryptocurrencies in the market, as Aptos has significantly recovered from its historic low of $3.09 set on December 30, 2022. Aptos is currently about 308% higher than that low, although its historical high of $19.90 in January 2023 is still 36% lower than the current level, yet it still shows a strong upward trend.
Aptos's price has shown steady growth over the past 24 hours, reaching a peak of $13.99 before slightly retreating. If Aptos maintains this upward momentum, it could achieve price targets of $15 or even $20 in the short term. This aligns with positive market sentiment and increased trading volume.
Technical indicators show a positive outlook. The Moving Average Convergence Divergence (MACD) indicator has moved into positive territory, indicating good bullish momentum. The MACD line remains above the signal line, suggesting an upward price trend for Aptos. The Chaikin Money Flow (CMF) indicator shows a positive value of 0.25, indicating strong buying pressure in the market.
Driven by the upcoming Bitwise ETF, Aptos shows strong potential in a bull market. Key technical indicators show sustained buying interest and upward momentum. If Aptos continues this trend, it could soon reach $20.
