Like Solana, Aptos has also taken a deep dive below its six-month support level at $6.5. The layer one scalable chain has been grappling with declining whale activity and negative sentiment since returning close to its all-time high price of $18. However, the silver lining is in its innovative architecture. Aptos was designed to bring a new age of scalability to smart contracts, dApp, and DeFi development.
This has attracted millions of dollars as network activity continues to surge this year. Monthly active addresses have reached a record high of 4.8 million. Unfortunately, none was able to help Aptos regain its momentum. continued the negative trend this month, shedding a gut-wrenching 25% to $6.9. This puts its disappointing drop from an all-time high price to 65% as analysts uncover Rollblock as the safe bet in this dramatic market condition.
