ALT makes 30% profit in one day
The trading method I use is the golden section tool. I measure it from 0.3486 to 0.2851, and its high point is 0.45.
Picture 1 explanation
The reason why he entered the market at 0.34860 is that he broke through the high point on the left and stepped back to become support. This is a clear and safe entry goal.
Picture 2 explanation
At present, if it falls below the top neckline of the M head, it means that the position has been broken. If it can stand above 0.42, the market outlook will be bullish. If it does not stand above 0.425, everyone will be cautious and trapped.
The total supply of ALT is 10 billion, and the circulating supply after listing is 1,100,000,000, accounting for 11.00% of the total supply.
AltLayer is an open and decentralized Rollup protocol. AltLayer brings together the novel idea of Restaked Rollups, which takes Rollups (derived from any Rollup stack, such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability Security and cryptoeconomics quickly establish finality by leveraging heavy staking mechanisms.
ALT is AltLayer’s native utility token and is used for the following functions:
Economic Bonds: ALT tokens will be used with rehypothecated assets to provide economic collateral. This benefit may be reduced if malicious behavior is detected.
Governance: ALT token holders can vote on governance decisions.
Protocol Incentives: Operators in the AltLayer ecosystem can receive ALT tokens as rewards for their services.
Protocol Fees: Network participants are required to pay for services within the network using ALT tokens.
AltLayer’s heavily collateralized core offering consists of three key products:
VITAL: An Active Validation Service (AVS) that allows operators to verify blocks as well as the corresponding state submitted by aggregate sequencers and raise fraud proof challenges if necessary.
MACH: A protocol that provides faster finality to rollups by allowing operators to re-stake Ethereum-based assets to support any claim on rollup status.
Investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase, former GP of a16z), Gavin Wood (co-founder of Ethereum and Parity), Sean Neville (co-founder of Circle), and USDC Architect) and Ryan Selkis (Messari Founder)
