What is Aptos?
Aptos is a Layer-1 blockchain, different from most others in that the programming language is Rust-based, similar to Solana.
The team behind Aptos is the same that was tasked with creating the blockchain project for Meta (Facebook), and so they have plenty of experience in the crypto world.
Aptos itself has a parallel execution engine that allows for a significantly increased speed of finality on all transactions passing through the network.
APT Price Action
The APT coin used to run the network has seen significant bullish action from its sub-$1 price in October 2022, reaching over $20 in January of this year.
All of the hype has seemingly come to a halt, though, with the current price at just over $11, which is nearly -50% from the recent highs, significant losses for those investing over the past month.
Many are wondering if APT has peaked or if Aptos is dead.
APT Price Prediction & Details
The Aptos price prediction is still positive, with 11 of 13 analysts marking APT as a buy, with a price target of $31 by the end of 2023.
But what are the main drivers of these positive predictions?
For one, it is the influx of new developers to the blockchain.
Rust programming language is highly suitable for these sorts of blockchain applications due to it being a low-level programming language. Solidity, that powers most other blockchains, is a high-level language and does not function with the same speed. Solidity is an easier-to-use language that allows more developers to access the system. Rust requires more skilled programmers, and it could be argued that those working with Rust will be more competent overall.
The question, then, is what sorts of projects will land on Aptos?
Avorak AI
The AI industry is booming, and people are making millions from their investments made in AI last year. A new crypto-based AI venture, Avorak AI, is one starting to gain traction recently.
Currently in its ICO stage, the project will provide a variety of machine-learning products to both the retail and commercial sectors. This dual-targeting strategy is likely to lead to a high revenue flow, which will be good news for Avorak’s AVRK token holders. 49% of all revenue generated will be redirected back to these holders, meaning holding AVRK is a true passive income strategy that functions with a genuine stream of income, far better than the inflationary ‘passive income’ protocols of 2021 and 2022 that simply minted new tokens to provide yield.
With their roadmap showing a cross-chain future, Aptos would certainly be a key target for the team to deploy on, and this would be a perfect addition to the Aptos ecosystem to help bring renewed interest in the APT coin.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
