Aptos (APT) faces mounting bearish pressure as weak market sentiment weighs on the Aptos price outlook. Despite this, African fintech startup Daya secured fresh backing from the Aptos Foundation to expand blockchain-based cross-border payment infrastructure across Africa and the MENA region.
At the time of writing, APT is trading at $0.6024 with a 24-hour trading volume of $63.44 million and a market capitalization of $501.5 million. Following the 5.09% loss over the last 24 hours, the Aptos price structure points to further losses ahead.
Source: CoinMarketCap
Also Read: Aptos Ecosystem Report Shows 2.95 Billion Transactions and Major Upgrades
Aptos Price Signals 22% Drop to $0.4651
According to Coincodex, the Aptos price is facing increasing downside pressure, with forecasts indicating the token could fall to $0.4651.
Such a move would represent a 22.47% decline from current levels for the Aptos price, underscoring weakening momentum in the altcoin market. Traders remain cautious as broader market uncertainty and subdued buying activity continue to weigh on sentiment.
Source: Coincodex
However, the bearish outlook highlights concerns regarding the possible downward movement of the Aptos price in the short run, despite continued expansion of the network.
The decline to $0.4651 would represent important levels of support and would have an impact on investors’ sentiments. There is keen interest in how bulls would hold price levels.
Daya Raises $2.4M to Expand Aptos-Powered Payments
However, the data from Aptos highlighted that African fintech firm Daya has raised $2.4 million through a pre-seed fundraising drive.
In the process, the Aptos Foundation has been instrumental in raising capital for the business with the objective of revolutionizing cross-border payments. Through its operations, the company is working on developing a regulated stablecoin corridor between MENA and Africa.
Source: Aptos’ X Post
Daya, a product that has been created natively on the Aptos blockchain platform, provides a payment structure designed to assist African businesses in scaling up their operations worldwide by improving the speed and efficiency of settlements.
This new financing will help drive the growth of the network and work in collaboration with regulations.
Despite the Aptos blockchain’s adoption by African fintech startup Daya, the Aptos price movement is largely affected by the cautious environment in the crypto market due to BTC’s recent move below, which has also impacted the altcoin market.
Also Read: Aptos Price Analysis: Falling Wedge Breakout Could Fuel 120% Rally Ahead
