Aptos Price Forecast: Aptos Could Soon Test $8.87 as Bulls Regain Control

Highlights:

• Aptos bulls push the price close to the $7.71 resistance
• Rally through this resistance could push the price to $8.87 soon
• Market momentum and Aptos core fundamentals could drive Aptos’ higher

Aptos (APT) is making significant gains and moving in tandem with the broader cryptocurrency market. At the time of going to press, Aptos price was trading at $7.61, up by 2.44% in the day.

Jerome Powell Statement Triggers Excitement in the Cryptocurrency Market

The Federal Reserve’s Jerome Powell boosted sentiment in the cryptocurrency sector by hinting that NFT users and clients would receive service from US banks. His comments on January 29 resulted in the crypto market moving upward. Investors have started to use this statement as a source of over-investing. Furthermore, there won’t be challenges when extracting regulatory crypto services and improving overall borders around algorithms that govern Pavlovian schemes.

JUST IN: 🇺🇸 Federal Reserve Chair Jerome Powell says "banks are perfectly able to serve crypto customers." pic.twitter.com/IiFJhA8Qg3

— Watcher.Guru (@WatcherGuru) January 29, 2025

Aptos’ Strong Fundamentals Driving Bullish Sentiment

Besides the general bullish sentiments in the market, Aptos is experiencing more benefits from its network updates. In a recent tweet, the Aptos development group, on their new changes, explained the different parameters responsible for the adoption growth, with speed, security, scalability, and expended ecosystem to note. 

After extensive research and diving deep into the capabilities of every major public chain, we ultimately chose @Aptos purely based on its unmatched performance.

For the sophisticated trading products we’re building at Kana Labs, scalability and low latency are… pic.twitter.com/LAxfSxn97z

— Kana Labs (@kanalabs) January 28, 2025

Aptos is designed for speed and security. It can handle up to 20,000 transactions per second and is supported by its Move Prover framework. Recently, it processed 325 million transactions in just four days, demonstrating its ability to manage high demand efficiently. Its modular architecture, powered by Block-STM and Raptr, ensures all transactions are finalized in less than a second, allowing projects like Kana Labs to emerge. 

Kana Labs has a volume of over $4 billion processed. The Aptos ecosystem is expected to grow quickly, with more than 330 projects and 13 million active users expected by the end of 2024. Developers can benefit from using the Move 2 programming language, which now offers cross-chain compatibility with Ethereum and Bitcoin, simplifying the creation of multi-chain applications. With features like parallel execution, low gas fees, and on-chain randomness, Aptos is a robust platform for NFTs, gaming, and DeFi.

Aptos’ 2024 Performance Reinforces Bullish Sentiment

Aptos fundamentals are also evident in its performance metrics through 2024. For context, Aptos’ unique active accounts grew from 1.6 million in January to 10.1 million in December, while daily active users increased from 96,000 to 891,000. 

Monthly active accounts on @Aptos skyrocketed in 2024 from 1.6M (Jan) to 10.1M (Dec)! 📈
🌟 The ecosystem is thriving—2025 looks even brighter! 🌟

More details in the report ⤵️ https://t.co/5yCuPAzRds pic.twitter.com/LCYo9zr0Tq

— Aptos Nerd | Everstake (@apt_everstake) January 26, 2025

The network expanded its delegation pools from 18 to 41, bringing the total node count to 151. Delegated staking saw substantial growth, rising from 118 million APT (12.9% of the total) to 339 million APT (37.7%). The number of delegators more than doubled, reaching 53,500 by the end of the year. Total Value Locked (TVL) climbed from $117 million to $1 billion, while TVL with liquid staking grew from $170 million to $1.5 billion. Including borrowed assets, TVL surged to $2.1 billion. The network handled 533 million transactions in August in three days, peaking at 12,000 TPS.

Technical Analysis – Aptos Price Trending Towards Critical Resistance

Looking at the charts, Aptos could be in the early stages of a bull market. Since bouncing off the $7.08 support on January 27, Aptos has been gaining upside momentum. Currently, it is trending towards the $7.71 resistance. A rally through this resistance could see it rally to $8.87 in the short term.

On the other hand, if bulls fail at the $8.87 resistance, then a correction back to $7.08 could follow. However, with bullish sentiment on the rise across the market, the odds are high that Aptos price will soon push through resistance and rally to $8.87.