Ethereum

Solana

Aptos

Strong

Base

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/matt-hougan-highlights-aptos-recent-performance-in-crypto-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Matt Hougan Highlights Aptos’ Recent Performance in Crypto Markets</a><br></p>
<p style="text-align: justify">Matt Hougan, Chief Investment Officer of Bitwise, emphasized the significant performance of Aptos (APT), a strong competitor of Solana (<a href="https://en.coin-turk.com/solana-price-rises-with-potential-to-surpass-200-resistance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>). In a post on the social media platform X, Hougan pointed out that Aptos has shown remarkable growth across various metrics in recent times.</p>
<h2 style="text-align: justify" id="aptos-on-chain-metrics">Aptos’ On-Chain Metrics</h2>
<p style="text-align: justify">Hougan highlighted the increases in transaction volume and the number of active addresses on the Aptos network. The charts he shared indicate a noticeable momentum in these metrics, particularly over the last few months. He also noted that Aptos stands out by utilizing technologies such as the Move programming language and the AptosBFT consensus mechanism.</p>
<p style="text-align: justify">Launched on October 18, 2022, Aptos’s native token APT is currently trading at $10.11. Although APT has declined by 50% from its all-time high of $19.92, it has seen a 130% recovery since its lowest point in August 2024.</p>
<h2 style="text-align: justify" id="bitwise-s-fourth-quarter-expectations">Bitwise’s Fourth Quarter Expectations</h2>
<p style="text-align: justify">Hougan also shared his insights on Q4 performance in crypto markets. He believes that an optimistic atmosphere in the markets depends on three key factors:</p>
<ol style="text-align: justify">
 <li>Fed lowering interest rates,</li>
 <li>Positive outcomes in the November elections,</li>
 <li>No significant negative surprises.</li>
</ol>
<p style="text-align: justify">If these conditions are met, he expressed that there could be positive movements in the markets by year-end. Hougan mentioned, “Every Friday, I review about 150 charts. Sometimes only one or two stand out. This week, two charts from Aptos caught my attention,” indicating APT’s promising performance.</p>
<p style="text-align: justify">Moreover, he acknowledged that unexpected developments can always occur in the markets, which could alter price dynamics. However, he believes that if there are no major surprises, Aptos has the potential to reach new peaks by year-end.</p>
<h2 style="text-align: justify" id="ethereum-s-base-layer-2-network-also-exhibits-strong-performance">Ethereum’s Base Layer-2 Network Also Exhibits Strong Performance</h2>
<p style="text-align: justify">In addition to Aptos’ performance, Hougan also mentioned another notable project: <a href="https://en.coin-turk.com/kucoin-withdraws-license-application-in-hong-kong/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a>’s Ethereum -based Layer-2 network, Base. He stated that Base has recently set records across various metrics, positioning it as an important player in the market.</p>
<p style="text-align: justify">The strong performance of projects like Aptos and Base in on-chain data signals positive trends in the <a href="https://en.coin-turk.com/bithumb-adds-new-trading-pairs-for-ar-and-ens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Investors can shape their strategies by closely monitoring the performance of such projects. Hougan’s analyses reinforce the likelihood of a favorable trajectory for the market in the remaining year, while also reminding that unexpected events can always alter the situation.</p>
<p>The post <a href="https://en.coin-turk.com/matt-hougan-highlights-aptos-recent-performance-in-crypto-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Matt Hougan Highlights Aptos’ Recent Performance in Crypto Markets</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Matt Hougan Highlights Aptos’ Recent Performance in Crypto Markets

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