• Aptos price has dropped by 2% in the past 24 hours, falling to $13.12 today after a very strong weekend for the layer-one token.
• APT has enjoyed a big breakout rally, with its 30-day moving average (red) eclipsing its 200-day (blue).
• Aptos was launched in October 2022, when it reached an all-time high of $13.73.

Aptos, the layer-one token, has seen a notable rally over the past few weeks, with its price dropping by only 2% in the past 24 hours and currently standing at $13.12. This is a healthy gain of 61% in a week and an astonishing 250% jump in the past 30 days, making APT the best-performing top-100 coin in this period.

The strong performance of Aptos is due to its robust fundamentals, which were born out of the Meta digital currency project. Using the same Move programming language, Aptos was launched in October 2022, when it achieved an all-time high of $13.73. This marked the launch of the mainnet, and since then, the token has seen substantial growth.

The chart illustrates the extent to which Aptos has taken off in the past few weeks. Most notably, its 30-day moving average (red) has absolutely eclipsed its 200-day (blue), a strong sign that the token has enjoyed a big breakout rally. Meanwhile, its relative strength index (purple) has steadily dropped from 90 to 50, suggesting that it may be about to experience a much-needed correction.

That said, Aptos’s fundamentals remain strong, and it could still be a top performer this year. There are a number of new altcoins which are currently holding presales and could post very big gains once they list, making them contenders for the best-performing token of the year. Nonetheless, given Aptos’s impressive performance, it could still be the one to beat.