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Information about AltLayer (ALT)
AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
AltLayer’s core offering of restaked rollups consists of three key products:
AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.
ALT is a native coin of the AltLayer ecosystem, operating on BNB Chain and Ethereum according to BEP20, ERC20 standard, and can be used to:
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ALT trading volume is $38.01m. Market capitalization reaches $337.03m.
ALT trading volume is $23.44m. Market capitalization reaches $377.08m.
Expert Pav Hundal from Swyftx exchange states that the increase in altcoins relies on the movements of Bitcoin. Altcoins could grow by 20% to 40%, but adjustments may follow in the near future.
Pav Hundal emphasizes that Bitcoin dominance might reach 65-70% before cooling off. This highlights the crucial role of Bitcoin in the cryptocurrency market.
The total cryptocurrency market capitalization has dropped to 3.15 trillion USD but has now bounced back to 3.22 trillion USD. While Bitcoin is experiencing significant price increases, altcoins are struggling with stable growth.
Ki Young Ju emphasizes that altcoins need to create reasonable signals and attract investor attention to achieve sustainable recovery. Stimulation from the fear of missing out is also needed for their future.
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