The Aptos airdrop has been causing a lot of hype in the crypto space, lots of people are buying and lots of people are selling(the airdrop recipients). Everyone is talking about Aptos, if you think about it, this is actually what they wanted to achieve. They wanted to create a hype to create more awareness of the project and they have achieved it, this is what airdrops do, it’s a psychological thing. When people receive free things, they help you do the advertising at a larger scale, especially when big time, large scale or small scale social media influencers are lucky to have benefitted from the airdrops, they help you advertise the airdrop. For the next one week we are going to be seeing a lot about Aptos, I mean, they paid for it, so it is normal to see this hype, but guess what? We have been here, we have seen this happen before.
People are researching about Aptos and learning about the block chain and we are going to continue to see this hype, Aptos was listed for about $1 and got to $50,i think, but it has dumped, currently trading below $10, FOMO will kick into some people because they think the all time high will be obtainable soon. If It once got to $50 it can get there again, mind you its crypto, anything can happen. It can go back there or not, but like I said before, we have been here before. We saw the same thing happen with the APE token. Look at the price of APE token compared to the all time high, now you get the point? Before you start buying into the Aptos hype, its wise to check the tokenomics to know how the distributions of the token were executed, so you dont go shooting yourself in the foot while trying to make some quick profits.
Times like this you have to depend more on fundamental analysis than utility, because no one cares about the utility right now, the utility is great, we know, but now isn’t the time to be a diamond hand holder, its a financial crypto jungle right now, everyone wants to make money. Now is the time to wait for the airdrop recipients to dump their tokens so you can cheaper, if you buy now and the recipients dump now, what happens to your investment now. The value of Aptos pumped, it has dumped, it will possibly pump again and it will dump again. Its the crypto cycle, its a bear market, people want to make quick money. Whatever you are doing, just use this opportunity to learn and prepare yourself for the bull market to help you make more money.