Aptos Price Prediction as Community Welcomes Shinami – Where Might APT Go Next?

Despite an exciting new partnership with innovative gas credit protocol Shinami, the Aptos (APT) price was subdued on Tuesday.,The Aptos price fell 4.5% on the session from highs around $9.30 to the $8.50s.,The price drop comes amid sell pressure across the crypto space, with most major coins dropping a few percent.,The
debut of Bitcoin and Ether ETFs in Hong Kong was a dud, and macro remains a headwind. The
Fed is expected reiterate patience when it comes to rate cuts at tomorrow’s meeting., ,That helped kill any excitement about the partnership with Shinami.,Shinami is a protocol that allows
dApps to purchase gas credits so that dApp users can transact for free.,And Aptos is giving
dApp builders some of these credits for free to encourage development.,That should help spur development on the upcoming chain, which is good for its long-term prospects.,That being said, in the short-term, Aptos traders are focused on chart analysis.,With the Aptos price currently 55% down from last month’s highs, here is where it might go next.,

The $7.50 area is a key zone of support for APT. But with the 21DMA adding downside pressure to the price, a downside break could be coming soon.,That could open the door to a return to late-2023 lows in the $4.70 area.,Aptos remains a highly risky altcoin to invest in. Sure, its got a lot of potential.,After all, the blockchain was built by former Facebook developers (who worked on Libra). And, presumably, former Facebook employees are highly competent.,That being said, the blockchain will need to see further adoption to justify its hefty
$3.6 billion market cap.,As per
DeFi Llama, it last had $640 million in trade value locked (TVL).,That’s a good start. But for Aptos to be worth tens of billions it will need to have a TVL in the billions.,

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