The year 2023 has so far been positive for cryptocurrencies, especially the twenty-sixth cryptocurrency, Aptos, which has offered 10 times more profits to investors. Aptos, which launched in mid-October 2022, has managed to gain over 400% since 2023. The altcoin also hit an all-time high of $19.61 on January 26, 2023.
At the time of writing, Aptos is trading at $17.87 with a decline of 0.51% in the last 24 hours.
Aptos will face a huge sale
While Aptos investors are enjoying their profits, most industry experts believe this is a pump and dump event that will soon see a pullback. One of these crypto-analysts goes by an anonymous name, Kaleo. The analyst is trying to inform his 559,500 Twitter followers that this smart-contract-enabled blockchain will soon see a sell-off against the US dollar.
Kaleo claims that when Aptos is compared to Bitcoin which is about to form an upward move, Aptos will most likely see a selloff.
However, it is also important to note that Aptos, which started the year 2023 at $3.45, managed to reach an all-time high of $19.61 just a day ago. This phenomenon points to the massive bull run of the currency.
Bitcoin at $45,000
On the other hand, Kaleo also talked about the price action of Bitcoin where he claimed that the flagship currency will soon dominate the altcoins. Furthermore, the analyst believes that Bitcoin may soon reach the $45,000 level before slipping below $30,000 this year.
As of this writing, Bitcoin is valued at $23,104 after rising 1.25% in the past 24 hours.
