Analyst Predicts Aptos Could Outshine SUI as Institutions Fuel Its Bullish Momentum

• Aptos gains traction as the first non-EVM chain hosting BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
• APT price surges 122% since mid-year, with RSI at 64.94 and MACD showing bullish crossover, signaling strong upward momentum.
• Institutional backing from BlackRock and Bitwise’s Aptos staking ETP positions APT for long-term institutional growth.

Crypto analyst Zoomer Oracle highlighted Aptos (APT) as a potential opportunity during the current bull season, driven by memecoin activity. On X, Zoomer Oracle noted Aptos might be undervalued compared to competitors like SUI. 

Drawing the similarities to past cycles where Layer 1 networks reached $80-100 billion in fully diluted valuations, the analyst speculated that Aptos could achieve major institutional interest and exposure due to recent developments.

Institutional Developments Support Aptos’ Growth

Several factors support Aptos’ growing appeal among institutional players. Notably, BlackRock, the largest global asset manager, has expressed enthusiasm for tokenization, with its CEO, Larry Fink, showing support for the concept. Aptos is uniquely positioned as the first non-EVM chain to host BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).

Additionally, Bitwise recently introduced an Aptos staking exchange-traded product (ETP), further signaling increased institutional activity surrounding APT. These advancements have the potential to boost interest and exposure for the cryptocurrency within institutional sectors.

Bullish Trends and Key Indicators for Aptos

APT’s price movement highlights a strong uptrend, with a recent daily price increase of 12.38%, bringing its value to $13.267. The asset has gained over 122% since mid-year, supported by steady trading volumes of approximately 1.82 million. Technical indicators also reflect a bullish momentum.

The Relative Strength Index (RSI) currently stands at 64.94, suggesting moderately overbought conditions but maintaining upward momentum. The MACD shows a bullish crossover, with the MACD line significantly above the signal line, reinforcing the current uptrend.

Comparison with SUI’s Aggressive Growth

In contrast, SUI has experienced a cumulative price increase of over 560% from a prior low, driven by speculative demand and heightened market interest. However, its rapid growth raises the possibility of pullbacks, a common occurrence in parabolic trends.

APT’s steady rise appears more sustainable, with key levels to watch, including resistance at $13.36 and support at $11.8. These factors collectively suggest that Aptos may continue to capture attention, particularly as institutional developments unfold.