Aptos Foundation Launches AI Tools, APT Price Surges Amid Bullish Momentum

• Aptos Foundation’s launch of AI tools for the Move language, in partnership with FLock io, supports developer adoption and strengthens the blockchain’s ecosystem.
• APT price gains momentum with the anticipation of Wave 3 in the Elliott Wave cycle, signaling potential growth targets of $10.50 and beyond if bullish sentiment persists.

In line with recent updates about Aptos leveraging parallel processing to achieve high throughput, it has been shown to execute up to 160,000 transactions per second with low latency, as revealed by CNF. Currently, the Aptos Foundation has announced a partnership with FLock io, a decentralized AI platform, to bolster the Aptos blockchain ecosystem through AI-driven enhancements for the Move programming language.

In a recent post on X by Crypto analyst CryptoBullet, it was revealed that $APT reached Target 2, achieving a 45% profit gain.

$APT reached my Target 2

+45% profit gained! pic.twitter.com/m9ETEis34p

— CryptoBullet (@CryptoBullet1) October 22, 2024

This model has demonstrated strong initial performance, surpassing existing AI tools like ChatGPT-4 in producing optimized Move code.

In the other hand, according to Bashar Lazaar, the head of grants and ecosystem at Aptos Foundation, such tools are crucial for Move’s adoption, as the language’s novelty can be challenging without proper support. FLock io’s CEO, Jiahao Sun, also emphasized the importance of these tools in simplifying blockchain development and enhancing security on Aptos.

APT Price as Anticipation Builds for Wave 3

Following the partnership announcement, APT’s price rose 5.34% to $10.25, reflecting positive market sentiment. Analysts project further gains if momentum holds, targeting resistance at $10.30 and, if surpassed, a psychological level at $10.50. Additionally, open interest in APT increased by 5.27%, now totaling $225.42 million, signaling heightened investor anticipation.

Notably, analysts suggest Aptos may have just completed an ABC correction phase in Wave 2 of the Elliott Wave cycle, setting the stage for Wave 3, the strongest phase in the cycle. Crypto analyst CryptoBullet1 has set price targets of $29 in the medium term and up to $130 in the long term.

Bolstered by growing user activity, recent data shows Aptos’ monthly unique addresses have surpassed 7 million. Accordingly, today’s CoinMarketCap data indicates that Aptos (APT) is valued at $9.88, with a decrease of 2.59% in the past day and 0.76% in the past week.