The Aptos Foundation has teamed up with FLock.io, a decentralized AI platform, to enhance its blockchain ecosystem. This partnership aims to improve the Move coding language using AI-driven tools, leading to a significant rise in the Aptos (APT) price.
Aptos Foundation and FLock.io Unveil AI Tools for Move
Aptos and FLock.io have announced their collaboration to develop AI-powered tools that simplify the coding process in the Move language. Move, originally designed by Meta for the Diem project, is known for its efficiency in managing blockchain operations. However, its relative newness has limited widespread adoption.
To tackle this challenge, FLock.io has built an AI model specifically for Move coding, which early evaluations suggest outperforms other AI tools like ChatGPT-4 in producing efficient, readable code. Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, emphasized the complexity of adopting Move without the right tools, while FLock.io’s CEO, Jiahao Sun, highlighted the security and development benefits of their AI tools for blockchain tasks.
APT Price Rises as Wave 3 of Elliott Cycle Approaches
Following the announcement of the partnership, APT’s price surged 5.34%, reaching $10.25. Analysts predict further upward movement if the market momentum continues, with resistance levels at $10.30 and a possible test at $10.50. Open interest in APT has also increased, indicating heightened market anticipation.
Crypto analysts believe that Aptos has completed Wave 2 of the Elliott Wave cycle, setting the stage for Wave 3, which is often the strongest. Analyst CryptoBullet1 forecasts that APT’s price could reach $50 during this cycle, with long-term targets at $95 and even $130.
Growing Adoption of Aptos Blockchain
Adding to the bullish sentiment, data from Token Terminal shows that the number of unique fee-paying addresses on the Aptos network has surpassed 7 million. This growth in user activity and adoption is fueling optimism around APT’s long-term potential.