The price of Aptos (APT), the native token of the layer-1 Aptos blockchain that was built by ex-Facebook employees behind the social media platform’s failed Libra/Deim blockchain project, surged on Wednesday on the news that Aptos has partnered with Microsoft to work on new artificial intelligence (AI) blockchain products.
APT/USD was last trading with gains in the region of the 10% on the day in the $7.30s per token area, having hit highs earlier in the day of close to $8.0.
As per a press release on Wednesday, Aptos unveiled that is will be utilizing Microsoft’s Azure Open AI Service to create a new AI-power chatbot called Aptos Assistant.
The chatbot will answer questions about Aptos and will help developers build smart contracts and decentralized applications, helping to accelerate the expansion of the blockchain’s ecosystem and utility.
Aptos and Microsoft have also agreed to explore the creation of blockchain-based financial products that could expand the use case of blockchains, including in the realm of asset tokenization and central bank digital currencies.
Elsewhere, Aptos is set to integrate its native programming language Move into GitHub’s AI programming tool called Copilot, which the press release said will support “contract development, unit testing, formatting and prover specifications”.
Price Prediction – Where Next for Aptos (APT) And Can It Hit $100?
Aptos price predictions have unsurprisingly become more bullish following the news that the blockchain is partnering with Microsoft, one of the leading big tech behemoths, to accelerate the pace at which its ecosystem develops using AI.
AI has been a hot topic in crypto since the launch of ChatGPT by OpenAI late last year, and many crypto investors might start piling into Aptos now in light of the crypto becoming an “AI coin”.
But APT is yet to break convincingly to the north of resistance in the $7.75-$8.30 area, an area which includes the lows from May, the highs from July, and the 100DMA.
If APT can clear this resistance zone in the coming days/weeks, the door will be open to a challenge of support-turned-resistance around $9.40 and then of the psychologically important $10 level, which has the 200DMA just above it.
Given the current circulating supply of just under 220 million APT tokens, if APT was to hit $10, that would mean a market cap of $2.2 billion and a fully diluted market cap of $10.5 billion.
Could APT then go on to 10x from these levels to hit a price of $100?
Well, considering that this would mean a fully diluted market cap of only slightly more than $100 billion, that is certainly achievable, given that Bitcoin’s market cap is close to $600 billion and Ethereum’s is currently around $220 billion.
Of course, both of these blockchains have secured far more adoption/utilization than Aptos.
But with such powerful backing and partnerships, Aptos has a great future and in the next few years, we could see a number of hugely successful decentralized applications springing out of the blockchain.
During the next crypto bull run, APT to $100 per token should not be discounted as impossible.
Crypto Alternatives to Consider
As Aptos lands big partnerships and races to expand its ecosystem with AI, the cryptocurrency’s long-term outlook is looking good.
However, for those looking for an even better possibility of near-term gains, one high-risk-high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of up-start crypto projects to help fund their development.
These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
See the 15 Cryptocurrencies
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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