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Aptos Foundation Launches New AI Tools, APT Price Rallies to $50?
The Aptos Foundation has entered into a collaboration with the decentralized AI platform FLock.io to enhance the coding experience of the Move language. This alliance aims to leverage AI-based technologies to improve the development process of smart contracts on the Aptos blockchain.
Aptos Foundation Launches New AI Tools
The aptos Foundation and FLock.io have announced a collaboration to build AI tools for Move, a language used on the Aptos blockchain. Move, designed by Meta for the Diem project, is renowned for its ability to ease the process of handling blockchain operations. However, it is still relatively new, which has hindered its widespread adoption.
To address this, FLock.io has created a large language model for Move, which aids developers in coding more efficiently and quickly. Initial evaluations suggest that this model outperforms other AI tools, such as ChatGPT-4, in producing efficient and readable Move programming code. Bashar Lazaar, head of grants and ecosystem at the Aptos Foundation, stated, "Move’s adoption could be quite complex without the right tools."
The new AI technologies aim to enhance the process of writing and reviewing smart contracts on Aptos. Jiahao Sun, CEO of FLock.io, emphasized that their tools are designed to assist developers in handling blockchain-related tasks and improving security measures.
APT Price Jumps as Wave 3 Set to Begin
Since the announcement, APT’s price has experienced a substantial 5.34% increase, reaching $10.25. Analysts suggest that this upward trend could continue if the current market momentum holds. In the short term, key resistance levels are expected around $10.30, and if the price breaks through, the next psychological barrier at $10.50 could be tested.
Concurrently, open interest in APT has risen by 5.27%, now standing at $225.42 million, indicating growing anticipation in the market. Crypto analysts believe that Aptos has completed an ABC correction in Wave 2 of the Elliott Wave cycle.
This correction sets the stage for the highly anticipated Wave 3, which is often the strongest phase of the cycle. Crypto analyst CryptoBullet1 predicts that this wave could push APT’s price to at least $50.
Open Interest and Short-Term Targets
According to data from Token Terminal, the number of monthly unique, fee-paying addresses on the Aptos network has surpassed 7 million. This rise in unique addresses reflects growing user activity and adoption on the Aptos network, further fueling the bullish sentiment surrounding APT’s potential.
FAQs
Q: What is the purpose of the Aptos Foundation’s collaboration with FLock.io?
A: The collaboration aims to enhance the coding experience of the Move language through the use of AI-based technologies.
Q: What are the benefits of the new AI tools?
A: The new AI tools are designed to aid developers in handling blockchain-related tasks and improving security measures, making it easier to adopt Move and develop smart contracts on the Aptos blockchain.
Q: What is the current price of APT, and what is the expected trajectory?
A: The current price of APT is $10.25, and analysts predict that it could reach at least $50 if the current market momentum holds.
Q: What is the significance of the number of monthly unique, fee-paying addresses on the Aptos network?
A: The rise in unique addresses reflects growing user activity and adoption on the Aptos network, further supporting the bullish sentiment surrounding APT’s potential.
