APT
Aptos is a Layer 1 blockchain with a bold vision. It aims to drive mainstream Web3 adoption by fostering a dynamic ecosystem of decentralized applications (DApps) that solve real-world challenges. The main highlight of Aptos is its impressive transaction processing rate of over 150,000 transactions per second (tps).
This amazing speed is due to its parallel execution engine Block-STM and its Byzantine Fault Tolerant (BFT) consensus mechanism. Thanks to this excellent throughput, Aptos can process multiple transactions simultaneously, minimizing latency and maximizing efficiency.
Furthermore, the network is secured using a combination of Proof-of-Stake and the AptosBFT consensus protocol. AptosBFT ensures network stability even if some validators become unresponsive or malicious. It allows for automatic leader rotation and network updates without manual intervention.
As of today, Aptos is priced at $7.22, reflecting a slight increase of 2.36% over the past 24 hours. In the long term, Aptos is currently priced 1.35% above its 200-day moving average of $7.14, indicating a mild uptrend. Over the past year, this top gainer has experienced a significant appreciation of 27%. Despite this, it has only performed better than 30% of the top 100 crypto assets by market cap, indicating a steady but modest growth trajectory.
TRX
TRX has recently attracted attention from investors, especially those focused on meme coins, due to activity on the SunPump platform. Like Solana’s PumpFun, SunPump allows users to create and issue meme coins on the Tron network.
This development has boosted TRON's network revenue, pushing TRX prices to $0.17 on Sunday, up 25% in a week. According to data analysis, TRON's large transaction volume has been increasing, recently reaching $1.05. This trend indicates growing interest from institutional investors or high-net-worth individuals, which is usually a precursor to price increases.
The SunPump platform also saw a significant increase in user activity, leading to an energy shortage. In response, founder Justin Sun announced that he had notified the Super Representatives, who proposed to “raise the energy limit.” This would reduce energy costs and transaction fees on the network.
Justin Sun believes that the update will address key challenges by increasing transaction volume for stakers, lowering gas fees, and increasing overall network activity. Proposal 92, which is now in effect, raises the energy cap to 120 billion, allowing for more transactions, lowering gas fees, and increasing network activity. If the bullish momentum continues, TRX could rebound above $3.
FLOKI
Floki (FLOKI) is a meme cryptocurrency that has seen a massive price surge over the past week, gaining more than 33%. The recent market recovery has fueled this bullish momentum, pushing FLOKI's price to $0.0001523, up more than 3% today. Like other meme coins, Floki's upward trend has been closely tied to the broader cryptocurrency market surge. As Bitcoin continues to rise, FLOKI seems poised for further gains, potentially doubling in value on continued upward momentum.
The token’s rising trading volume and open interest support the current bullish trend of FLOKI derivatives. Data shows that trading volume increased by 0.39% to $268.59 million, while open interest surged by more than 3% to $14.22 million.
On August 20, Binance announced the upcoming Simon's Cat (CAT) emoji coin airdrop, which appears to have boosted the value of FLOKI. The Simon's Cat airdrop has been eagerly awaited by the Floki Inu community since early August. This excitement translated into bullish performance for the token, which has gained 33.18% in the past seven days, reversing the bearish momentum that had persisted since early June.
FLUX
Flux's value has risen by 15% in the past 24 hours, attracting a lot of attention. This rapid rise has sparked investor interest. The rise has caused excitement in the market, predicting that Flux will rise even more in the future. Flux's fully diluted market capitalization is approximately $243.7 million, and its volume-to-market ratio is 42.05%. This high percentage indicates strong liquidity.
Flux is a proof-of-work cryptocurrency that powers the Flux ecosystem. The ecosystem is designed to support the development and use of Web3, the decentralized internet of the future. FLUX is used for transactions, staking, and rewarding masternode operators within the ecosystem.
Flux has recently rebounded from a significant support level on the weekly chart. The $0.4 support level has been holding strong since September 2023. Flux has tested this support level four times and the latest rebound suggests that the upside will continue. Moreover, the RSI indicator has formed a Double Botto pattern in the oversold zone, signaling a potential uptrend.
Flux’s potential price targets are $0.96, $1.05, $1.20, $1.44, and $1.65. The current support level is $0.82; if this support holds, the stock could hit new highs. If Flux maintains its momentum, its price target could reach $3.0397, a 354% increase.
