Aptos (APT) could be one of the top coins to hold in the next bullish wave.

Can Aptos (APT) become one of the promising cryptocurrencies that will bring exceptional growth in the next bullish cycle of the market?

Recently, APT has attracted attention due to impressive performance and strong growth in key indicators. After a prolonged correction period, the cryptocurrency market is showing signs of recovering demand, and Aptos could be a strong candidate for a bullish rally. Currently, this coin is still trading closer to historical lows than its all-time high (ATH).

As of the time of this article, the price of APT is only fluctuating around $3, which is 73% lower than the highest level in the past 12 months, and is still far from the ATH. However, compared to the bottom of this month, the price of APT has recovered by about 27%, reflecting the return of demand in the market.

APT Price | Source: TradingViewAlthough the price is still in a deep discount zone, the growth potential of APT remains significant. In particular, positive signals from the Aptos network's performance are further enhancing the appeal of this coin.

Aptos benefits from a strong influx of stablecoin liquidity

Liquidity flow is an important measure to assess the health and growth potential of a blockchain network. Notably, Aptos has just risen to the second position after Ethereum in terms of the amount of stablecoins flowing into the network over the past 24 hours, reaching nearly 700 million USD. This large influx may signal an increasing demand for Aptos' native services.

Changes in the supply of leading stablecoins | Source: ArtemisAPT also benefits directly from vibrant network activity, as it is used for transaction fees, staking, and governance. Additionally, some other indicators also show a positive development trend for Aptos: the supply of stablecoins on the network has maintained growth momentum throughout the past 12 months, with over 285 million USD in stablecoins recorded as of November 13, 2024, and total stablecoin liquidity in the last 24 hours reaching about 1.4 billion USD.

Market capitalization and application revenue of Aptos stablecoin | Source: DeFiLlama## Limitations in the growth of the Aptos network

However, not all indicators are positive. Some areas on the Aptos network are still experiencing stagnation. The total value locked (TVL) has decreased since May, from a peak of around 1.27 billion USD to only 607 million USD at the present time. Trading volume on DEX exchanges has also dropped sharply, from about 1.4 billion USD in the second week of October to just 652 million USD in the first week of November.

The TVL and DEX volume of AptosTVL decline reflects weaker demand for this coin, while an increase in TVL usually signifies greater confidence and demand. The decrease in DEX trading volume also indicates that network activity is not very vibrant, which in turn affects natural demand.

Aggressive token distribution schedule: Reasons causing APT price to be suppressed

Another important factor contributing to the fact that the price of APT has not been able to break through, despite the network activity being quite strong, is the vesting schedule of token (, which is among the strongest on the cryptocurrency market. Every month, Aptos releases a large amount of new tokens to the market, with the supply increasing from 502 million to 720 million APT in just the past 12 months, averaging about 11 million tokens added each month. This leads to dilution of value and reduces new demand.

Nevertheless, Aptos is still considered a low market cap coin as the circulating supply is less than 1 billion tokens. Combined with the significant improvement in network activity, Aptos could definitely become an attractive option for investors in the near future.

Mr. Giáo