Trend of the crypto Aptos, Algorand, and Kaspa: price analysis

In this article, we will analyze the price trends of the crypto Aptos, Algorand, and Kaspa with particular attention to the moment they are experiencing. 

During difficult times in the crypto markets, a sort of disconnection occurs between Bitcoin and the altcoins. The price trends remain somewhat linked, but while Bitcoin often holds, the altcoins suffer greatly. 

The trend of Aptos price: the crypto APT compared with ALGO (Algorand) and KAS (Kaspa)

Aptos is a relatively recent crypto project.

In fact, its native cryptocurrency, APT, made its debut on the crypto markets in October 2022, in the midst of a bear-market.

Although it has already gone through three price peaks, one of which was in December 2024, it is currently experiencing a period of particular weakness. 

Having debuted in the midst of a bear-market, at a price of about $7.2, it is not surprising that the absolute minimum was reached just above $3 only two months later, in December 2022. 

In fact, that initial decline, being due to external factors, was followed at the beginning of 2023 by a sensational bull, which brought the price of Aptos to the historical maximum of almost $20 already in January. 

It was already evident even then that those were purely speculative price movements.

In fact, by October of the same year, it had already fallen below $5, which is well below the initial price. 

The second peak occurred at the beginning of 2024, stopping however below $19, and this was also followed by a crash to $5 shortly after the middle of the year. 

At this point, it is not even surprising that it made a third peak in December 2024, even if below the $15 mark, and then it plummeted again.

Already at the end of December, it had fallen back below $10, only to continue the collapse first below $6, and then approaching $5 again.

In fact, in two and a half years, it has fluctuated between $5 and $19, with three strong and rapid rises followed by three crashes. However, the $5 level seems to work well as support, and indeed it has held up even in recent days. The problem would mainly arise in the event of a break of this support; otherwise, being a highly speculative crypto, it cannot be ruled out that it might bounce back once again in the coming months. 

The trend of the price of Algorand

For Algorand the situation is different.

In fact, its native cryptocurrency ALGO has existed in the crypto markets since 2019, so it has already gone through the great bullrun of 2021.

The initial price is best ignored, because it collapsed immediately and within four months fell below $0.3.

During the great bullrun of 2021, it managed to reach a peak above $2.1, but the subsequent bear-market was unprecedented. 

Already by mid-2022, it had almost completely lost all the gains of 2021, returning to just above $0.3, but during 2023 it even ended up falling below $0.1. It was a true debacle, with profound consequences on the long-term trend. 

Just think that at the beginning of November 2024, before the so-called Trump trade, it was still at 0.1$, since the price of ALGO had never yet managed to recover from the deep crash of 2022/2023.

And so even the Trump trade did not manage to revive its fortunes.

After barely managing to climb back above $0.5 in December, in the new year it has plunged back below $0.2, which is a price in line with that of the end of 2022. 

Moreover, the new drop that started in February below $0.4 seems that it might still not be completely over, also because from the current $0.19 to October’s $0.11 there is still ample room for a decrease. 

The trend of the price of Kaspa

Kaspa in turn is yet another story. 

There are actually very few key points in common between the crypto Aptos, Algorand, and Kaspa.

The native cryptocurrency of Kaspa, KAS, debuted on the crypto markets in mid-2022 at a price well below a thousandth of a dollar. As with Aptos, its debut in a bear-market allowed it in 2023 to make a big splash, with remarkable gains, as it nearly reached 40 thousandths of a dollar in April.

But the similarities end here, because while Aptos turned out to be a purely speculative crypto, so much so that its price collapsed after the first peak, Kaspa instead in the course of 2023 first corrected to 15 thousandths, but only to then take off again to over 140 thousandths. 

Furthermore, at the beginning of 2024, it managed to push above 180 thousandths, eventually recording the all-time high in July above 200. 

However, the one in 2024 for the price of Kaspa resembles a speculative bubble so much that after returning to 100 thousandths at the beginning of November, with the Trump trade, it barely managed to climb back above 180. 

At that point, the speculative bubble burst, and so first it closed the year at 110 thousandths of a dollar, and then it fell first to 80 and then even below the 60 mark. 

Currently, it has bounced above 66 thousandths, but the decline could be destined to push down to 50 thousandths of October 2023. 

The times when it hovered around 30 thousandths seem to be gone, but the speculative bubble seems to have been triggered right above the 50 mark, and this suggests that if it were to completely vanish, the landing could be precisely that.