Aptos Network has marked another record with its monthly active addresses. Artemis data highlights that with a peak of 1.7 million active addresses per day on January 29, the number of active addresses on the Aptos network surpassed 16.7 million per month, continuing to set new records.
The new milestone comes at a time when Aptos has garnered immense attention from the market. Additionally, the data also highlights that the amount of Aptos native USDC issued was $62.32 million.
Why is Aptos Gaining Popularity?
Aptos is becoming increasingly well-known for its creative approach to scalability, security, and user experience. It was developed using the Move programming language by former Meta programmers and offers cheaper prices and faster transaction speeds than current blockchains.
Its consensus process, known as “AptosBFT,” which improves throughput and stability, appeals to companies and decentralized apps (dApps).
The network is a formidable competitor in the blockchain market thanks to its capacity to handle thousands of transactions per second (TPS). Its emphasis on eco-friendly solutions, smooth upgrades, and developer-friendly tools has also helped to fuel its increasing uptake in the cryptocurrency community.
Also Read: VanEck Predicts Sui ($SUI) at $16, Aptos ($APT) at $22 By 2025 Per Recent Market Analysis
Aptos Price Prediction: What to Expect?
Aptos’s rise in daily and monthly addresses comes at a time when its prices are showing a promising trajectory. However, the market technical indicators for the token show a rather different picture.
According to technical indicators, the Fear & Greed Index is currently at 72 (Greed), and the emotion is currently bearish. Over the past 30 days, Aptos has had 11/30 (37%) green days and 11.12% price volatility.
With seven technical analysis indicators indicating optimistic signals and twenty-four indicating bearish signs, the overall sentiment for Aptos price prediction is pessimistic.
At the press time, the token is trading at $5.89, up 5.7% as compared to the same time last day.
But if the market rebound turns the sentiment bullish, it will likely propel Aptos prices even higher.
In this case, the technical indicators predict that Aptos’s 200-day SMA will increase during the course of the upcoming month, reaching $9.70 on March 06, 2025. During the same time, Aptos’s short-term 50-day SMA is predicted to reach $10.43.
An indicator that is widely used to determine if a cryptocurrency is overbought (above 70) or oversold (below 30) is the Relative Strength Index (RSI) momentum oscillator. The APT market is currently in a neutral condition, as shown by the RSI reading of 33.59.
Also Read: APTOS Surpasses 2 Billion In All-Time Transactions, Price Rise Ahead?