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Coin Bureau YouTube channel host Guy thinks the 54th largest crypto asset by market capitalization is too expensive.
Man To tell “Solana Killer” Aptos (APT) in a new video that seems to be “massively overrated” by his 2.16 million YouTube subscribers.
However, according to the Coin Bureau host, the fundamentals of crypto assets that launched just over a week ago are compelling.
Pointing out that wallet addresses don’t necessarily reflect the number of users, Guy says Aptos is “taking it seriously.”
In terms of price action, APT is a brand new cryptocurrency, so we can’t say much yet.
Still, at first glance, Aptos looks grossly overrated. It has a market cap of over $1 billion and a fully diluted market cap of over $9 billion.
But upon closer inspection, it looks like some fundamentals are starting to form. According to Aptos Explorer, there are over 1.7 million wallet addresses
According to AdaStat Explorer, Cardano has about 2.3 million wallet addresses.
This means Aptos is expected to overtake Cardano in terms of users within two weeks of launch. Cardano mainnet went live over 5 years ago. That’s serious adoption.
Aptos is trading at $8.10 at the time of writing, down over 40% from the all-time high of $13.73 reached on October 19th.
Guy also says Aptos has the technical capabilities to reach its ambitious goals. Roadmap In the coming weeks and months.
Aptos has many milestones ahead of it
T.he’s too long If you haven’t read it, Aptos, like all new cryptos, wants to scale to support billions of users and all possible use cases. The difference is that Aptos actually has the technology to do it.
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