Altlayer (ALT) Analysis, Price, Market-cap and Future Predictions

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AltLayer is a type of technology that operates as an open and decentralized protocol. It focuses on something called "rollups," which are a specific technology used in blockchain systems. AltLayer introduces a unique concept called "Restaked Rollups." This involves taking existing rollups from various technologies (like OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and making them more secure, decentralized, and interoperable. AltLayer improves these rollups by adding features like enhanced security, decentralized operation, and the ability to work seamlessly with other systems (interoperability). It also uses a mechanism called "restaking" to achieve faster and more certain completion of transactions (crypto-economic fast finality). This means transactions get confirmed quickly and securely.

In simple terms, AltLayer is like a tool that makes a certain kind of technology (rollups) more advanced and reliable by adding extra features and security measures.

You can buy and sell ALT tokens on certain crypto exchanges. The most well-known place to trade ALT tokens is Binance. Besides Binance, you can also trade ALT tokens on other exchanges like BingX and Gate.io, which are also popular choices for ALT trading.

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Price:

The current value of Altlayer (ALT) on 26 January,2024 is $0.321630 in US dollars. Over the past 24 hours, there has been a total trading activity of Altlayer amounting to $721,895,649 USD. It's price has increased by 15.08% in the last 24 hours. Altlayer is ranked 137th among all cryptocurrencies according to many trading platform.

The highest value that people have paid for AltLayer (ALT) was $0.3442. This highest price was reached on January 25, 2024, which is approximately 16 hours ago from the provided information. Right now, the current price of AltLayer is 6.75% lower than its highest price. This means that the value has decreased a bit from the highest point recorded on January 25, 2024.

The lowest value that people have paid for AltLayer (ALT) was $0.2769. This lowest price was reached on January 25, 2024, which is approximately 21 hours ago from the provided information. Right now, the current price of AltLayer is 15.93% higher than its lowest price. This means that the value has increased by about 15.93% from the lowest point recorded on January 25, 2024.

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Market-cap:

The total value of all Altlayer coins in circulation is $353,792,857 USD. Currently, there are 1,100,000,000 ALT coins actively being traded. The maximum number of Altlayer coins that can ever exist is 10,000,000,000 ALT coins. The FDV of AltLayer (ALT) is $3,203,822,480. This number represents the potential maximum value of the AltLayer market if all 10 billion ALT tokens were available and in circulation right now.

Future Predictions:

In the year 2024, the prices of AltLayer throughout the year will be:

Minimum Price: The lowest value it reached in 2024 was $0.344142.

Average Price: On average, the price throughout the year was $0.354785.

Maximum Price: The highest value it reached in 2024 was $0.408003.

So, these numbers show the range of prices for AltLayer in the year 2024 – from the lowest to the highest, with an average value in between.

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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended to be, and should not be construed as, financial advice. The content is based on analysis and research and we do not guarantee the timeliness of the information presented to you. Readers should conduct their own research before making any investment decisions. The author and the article shall not be held responsible for any financial losses or decisions made based on the content of this article.