Aptos, which launched on 18/10/2022 has shown incredible strength during this bear market. Notably, between 30/12/2022 and 26/01/2023, while the boarder market rose 25.62%, APTOS soared 559% in value. Since then, APTOS has been facing accumulation, with its next major leg up predicted to be around the $70-$100 a 800% increase from APT current level at $8
Aptos brings to market a truly scalable blockchain capable of processing up to 160,000 transactions per second, in comparison to chains such as Ethereum, which offers up to 30 TPS. This is achieved through parallel execution. Aptos has also partnered with Microsoft to bring Decentralized Finance (DeFi) to the masses.
While the future of Aptos is exciting, it raises the question of what opportunities arise within the network. It is well-known that the first established meme on the network can offer incredible gains as the network gains traction and external liquidity enters the market.
On Aptos, they have MAU, a decentralized community meme token based around the love of cats. They chose to do something original and fresh, unlike the popular dog tokens and frog tokens in the market. A study in 2021 found that cats are more popular than dogs showing Cats are more popular than dogs in 91 countries, and dogs more popular in 76 countries.
As of the time of writing this article, the current market capitalization of MAU is $5,000,000 in comparison to BONK, which would require a 20,000% increase to reach the same levels. MAU currently has 2,000 active community members, with daily growth averaging 20%.
MAU has received a support from the Aptos Foundation in the form of a grant to support the community and development of MAU.
While meme tokens are still inherently risky, the support and backing that MAU has received from the community and individuals of influence indicate a recipe for success.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.