Is Aptos Coin ($APT) Crypto Scam or Legit ?? 🔥

 

 

Is Aptos (APT) a Scam or a Legitimate Investment Opportunity?

 

Aptos, the newly-surfaced Layer-1 blockchain, has been making waves in the crypto world with its meteoric rise of 420% in the past 30 days. The push by Binance to add two liquidity pools for APT, APT/USDT and APT/BTC, has only added more bullish sentiment for the cryptocurrency, making it the top gainer of the day. However, despite its impressive growth, Aptos is facing allegations of being a "scam pumping" and concerns over its technical difficulties. In this article, we will delve into these allegations and the potential of Aptos as an investment opportunity.

 

Aptos Surge in Popularity

 

Aptos sudden surge in popularity can be attributed to its position as the top gainer of the week, being the only altcoin that grew by triple digits. The crypto, which was created by Meta's ex-employees, reached an all-time high of $19.39 and is currently ranked , priced at $18.41 according to CoinGecko. It has even surpassed well-established cryptos like Stellar (XLM), Apecoin (APE), and Bitcoin Cash (BCH) in global market capitalization.

 

Technical Difficulties and Scam Allegations

 

However, the unexpected rise of Aptos has been met with skepticism from a substantial number of crypto investors on Twitter, who allege that the new crypto is a "scam pumping." In addition, there were many bugs in the system during the launch in October 2022 that crypto enthusiasts pointed out. There are also concerns that APT is fully controlled by its developers, which means that the market price of APT can be easily manipulated.

 

Furthermore, the Aptos unlock schedule is coming up in 17 days, which is causing concern among some crypto traders who believe that the unlocked APT would most likely cause a market price plunge and that retail investors would have to soak it up.

 

On the Flipside

 

Despite the scam allegations and technical difficulties, Aptos is the first blockchain to put Move technology into practice. This innovative new technology has increased public interest in crypto and has brought in new retail investors while also testing out a new coding language.

 

Conclusion

 

In conclusion, while Aptos may have some technical difficulties and scam allegations surrounding it, it is important to consider the potential for growth and the innovative new technology that it brings to the table. As with any investment, it is always wise to do your due diligence and assess the risks before investing in Aptos or any other cryptocurrency.