Aptos Shows Weakness Amid High Costs and Overvaluation Risks
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Aptos Shows Weakness Amid High Costs and Overvaluation Risks

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Azeez Mustapha

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Aptos shows weakness amid high costs and overvaluation risks. Aptos (APT) faces scrutiny as its financials reveal challenges. Despite strong activity, with over a million daily users and millions of transactions, its fundamentals cause concern. The project has generated only $1.4 million in fees this year while expenditures reached $504 million, exposing a significant imbalance.

A fully diluted valuation of $14.5 billion gives it a steep price-to-fee ratio of 10,000%, raising fears of overpricing. Additionally, the token’s price dropped 6.27% in the past 24 hours, now trading at $8.25, highlighting declining investor trust. With operational costs far exceeding revenue and a questionable valuation, Aptos could struggle to maintain market confidence, suggesting further downside potential.

Key Aptos Levels To Watch – January 24

Aptos Shows Weakness Amid High Costs and Overvaluation Risks
APTUSD is currently trading below the 9 SMA, indicating weak momentum. The price is consolidating near $9.00, forming an order block that could act as resistance.
A break below $8.00 would confirm a bearish structure and likely drive the pair towards $7.40. RSI around 42 signals limited buying pressure, supporting a bearish outlook.

APTUSD Key Levels

Resistance Levels: $10.40, $14.40, $19.50
Support Levels: $7.40, $4.70, $3.10

APTUSD Metrics
Total Market Capitalization: $3.50T
Aptos Market Capitalization: $4.74B
Aptos Volume: $409.37M
Market Rank: #31
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