Shiba Inu, Chainlink & Aptos — Asian Wrap 10 August


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Shiba Inu price has emerged as one of the best-performing assets this month, leading the crypto market gains, especially this past week. However, looking at the market indicators, it seems like this might not last for long should SHIB holders decide against sustaining their gains.

Chainlink price is one of the few altcoins to observe any gains at the moment, and the likely reason behind this is its dissociation with Bitcoin. However, the rise noted might be threatened as investors seem to be changing their motive from token accumulation to profit-taking.

Aptos (APT) made a 10% breakout on August 10, catapulting its market value past the 50-day Moving Average (MA) at $6.227 before pulling back. With momentum indicators pointing to a continued uptrend, investors are looking to the oncoming token unlocks event as the pivot for their trades. 

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