Ticker: APT
| Present circulating supply | 218,861,706 APT |
|---|---|
| Present market cap. | $1,500,238,599 |
| Projected Bull Market cap | $42,000,000,000 |
| Projected bull price | $104 |
Commentary
Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.
In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $150 million in a Series A round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto.
401,434,792 APT will be in circulation by OCT 27, 2024. The projected price/marketcap is a safe play for bull, 14x from the present price of $6.8. Private investors price/ROI: $1.113/6.16x. 70x from investor's price is also good at $77.91.