Coinbase Warns of Quantum Risks, Algorand and Aptos Prepare Early
- Quantum Risk Warning: Coinbase's Independent Advisory Board emphasizes that while quantum computers are not yet a reality, they could eventually compromise blockchain cryptography, urging blockchain teams to start planning upgrades to mitigate potential risks.
- Algorand's Preparation: Algorand has established a phased roadmap towards quantum readiness and successfully completed its first quantum-resistant transaction on the mainnet, demonstrating foresight in addressing future quantum threats.
- Aptos's Advantage: Aptos simplifies the transition to quantum-secure transactions by storing users' public keys as account metadata, allowing users to update their authentication keys with a transaction signature, thus avoiding the complexities of asset migration.
- Challenges for Other Networks: Coinbase notes that proof-of-stake networks like Ethereum and Solana face greater risks; although Solana has introduced a new signature scheme to reduce future attack exposure, users will still need to migrate funds to ensure security.
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Technical Analysis for APT
Technical Sentiment Analysis for Aptos (APT). As of , Aptos (APT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for APT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, APT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aptos (APT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.613 | 0.712 | 0.821 | 0.92 | 1.029 | 1.128 | 1.237 |
| Fibonacci | 0.712 | 0.792 | 0.841 | 0.92 | 1 | 1.049 | 1.128 |
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