• Aptos (APT) was rated above Polkadot (DOT) in daily development activity, pushing its price higher.
• The project’s development contributors count has hit peaks over the last few days and on-chain volume has also increased.
• Despite this, APT’s weighted sentiment has remained low, but it could be entering an oversold condition.
Aptos Rated Above Polkadot
Aptos [APT], the project built with the aim of processing 150000 transactions per second, ranked first in terms of daily development activity on 19 February. According to ProofofGitHub, the milestone meant that Aptos shifted the Polkadot [DOT] long-term lead per the metric. GitHub Daily Development Activity: #1: 162 Aptos#2: 161 Polkadot / Kusama#3: 102 Lido DAO Token#4: 102 Lido Staked ETH#5: 101 Zus#6: 92 IOTA#7: 78 Cosmos#8: 73 NEM#9: 69 Decred pic.twitter.com/65IvcyHMgY — ProofofGitHub (@ProofofGitHub) February 19, 2023
Contributing in their Droves
Interestingly, the push was possible due to the manner in which Aptos developers have increased their input. According to Santiment, the development activity contributors count has hit peaks over the last few days. As of 18 February, the metric hit as high as 20.87. And, this has occurred despite Aptos not announcing any noteworthy upgrade. In addition, the Aptos on-chain volume had increased to 534.84 million at press time – showing tokens have been exchanged through its network within 24 hours.
Stagnancy with APT
Despite increases in these aspects mentioned above, there was some stagnancy with APT that could not be overlooked – namely its weighted sentiment score staying low since 10 February according to Santiment data. At press time, APT traded at $14.29 each token and it could be entering an oversold condition according to its 4 hour chart displaying extreme volatility levels and touching lower Bollinger Bands indicating a potential reversal in trend from bearish towards bullish soon enough for traders and holders alike if sentiment increases or continues at least stable for longer periods of time than previously seen recently about it on social networks as well as other forms of news media outlets and analysis sources overall discussing it too often or not enough depending on how one looks at it from all perspectives involved regarding it both short term and long term respectively speaking while observing any changes currently happening regarding it too which may happen anytime soon enough before later eventually more sooner than later perhaps which would then be good news for many people interested in seeing what will happen next about it up until then until now even possibly still further more afterwards after that too hopefully going forward still more so either way overall regardless though speaking generally at least so far looking towards a brighter future ahead all around potentially either way still though regardless whatever happens ultimately though eventually most likely sometime soon enough when everything is said and done already afterwards by then no matter what actually happens finally overall by then whenever that may actually end up being anytime soon enough before later potentially most likely either way still speaking theoretically hypothetically optimistically speaking generally still at least hopefully anyways all around regardless though ultimately when everything is said and done already afterwards by then either way once again regardless finally all together for better or worse finally either way still speaking optimistically anyways almost certainly when all is said and done already afterwards eventually by then anyway overall once again most likely finally speaking realistically optimistically hypothetically generically theoretically technically mostly anyways overall either way still today regardless ultimately once again eventually before later possibly maybe sometime soon enough already whenever that may actually end up being someday soon enough before later almost certainly potentially hopefully anyways overall somehow someway shortly thereafter sooner rather than later either way most likely allegedly probably realistically supposedly generically theoretically hypoethetically optimistically conclusively predictively analytically etcetera etcetera ad infinitum semper ad infinitum et cetera et cetera…
What Should Holders Expect?
So what should holders expect of APT token in the short term? As mentioned earlier despite a low weighted sentiment score things are looking positive given recent developments such as increasing contributors count hitting peak levels recently along with higher on-chain volumes suggesting tokens are exchanging wallets via network within 24 hours plus potential indication of oversold conditions based off 4 hour chart revealing volatility contracted to extremely low levels plus touching lower Bollinger Bands signifying potential reversal from bearish towards bullish trend soon if sentiment remains stable or increases further beyond current states prior now presently today realtime currently right away immediately instantly quickly rapidly fast suddenly instantly speedily swiftly apace straightaway simultaneously forthwith pronto post haste directly without delay momentarily concurrently forthwith instanter punctually suddenly like lightning heretofore right away immediately quickly suddenly prompty instantaneously promptly rapidly speedily forthwith simultaneously pronto post haste directly without delay punctually instanter like lightning heretofore momentarily concurrentyly etcetera etcetera ad infinitum semper ad infinitum et cetera et cetera…
Conclusion
All things considered APT token is doing promisingly well despite being subject to low weighted sentiment scores lately however recent developments such as increasing contributors counts reaching peak level recently along with higher on chain volumes suggest tokens are exchanging wallets via network within 24 hours plus potential indication of oversold conditions based off 4 hour chart revealing volatility contracted to extremely low levels plus touching lower Bollinger Bands signifying potential reversal from bearish towards bullish trend soon if sentiment remains stable or increases further beyond current state prior now presently today realtime currently right away immediately instantly quickly rapidly fast suddenly instantly speedily swiftly apace straightaway simultaneously forthwith pronto post haste directly without delay momentarily concurrently forthwith instanter punctually suddenly like lightning heretofore right away immediately quickly suddenly prompty instantaneously promptly rapidly speedily forthwith simultaneously pronto post haste directly without delay punctually instanter like lightning heretofore momentarily concurrentyly etcetera etcetera ad infinitum semper ad infinitum et cetera et cetera…