Aptos (APT) Gaining Steam – Could the Altcoin Have More Potential Than Solana?
L1 blockchain protocol Aptos (APT) is gaining some serious steam, quickly becoming one of the most well-performing altcoins in the crypto market.
According to Guy from Coin Bureau, Aptos will most likely become Ethereum’s (ETH) number one competitor, expecting APT and SOL to face “severe regulatory scrutiny” in the future.
He says that the two altcoins will have their fair share of selling pressure and will also experience regulatory scrutiny. For Aptos, it will be because it is the continuation of Facebook’s crypto project Libra that caused governments to panic worldwide. For Solana, it will be because it was the de facto exchange chain of FTX.
Talking about Aptos’ creators’ experience in software and marketing, Guy stated that:
“It’s hard to compare exactly what’s under the hood; I suppose the most important component is decentralization, in which case, Aptos takes the cake. The only problem is that the details about Aptos’ decentralization aren’t available, and Aptos is still much more centralized than the average crypto project.”
The popular crypto analyst also thinks Aptos has far worse tokenomics than Solana, although he still considers APT to have more potential than SOL in the future.
READ MORE: 2023 Could be a Good Year for Polygon (MATIC) – Bloomberg Intelligence
“In sum, Solana has the edge over Aptos in the short term and possibly the medium term, notwithstanding some issues related to FTX and Alameda. In the longer term, it’s too soon to tell, but Aptos appears to be perfectly positioned to secure the partnerships needed for mass adoption. Solana, not so much.”
Price-wise, we haven’t seen any significant movement in the past 24 hours as both altcoins seem to be consolidating, with SOL trading at $23.30 and APT at $15.32
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
