@alt_layer Binance will open at 6 o'clock and let's see if there are any opportunities for $ALT Level 2. Here is a simple idea:

1️⃣ The selling pressure lies on launchpool + airdrop + protocol developers, and the buying pressure lies on the optimistic projects and opening speculators, and staking may be opened in the future. The subsequent opening of staking will reduce circulation and increase purchasing power.

2️⃣ Seed round financing of 7.2 million, subsequent financing has not been announced. If according to the data in the @BiteyeCN table, if the financing is 22.8 million, financing at 10 times the valuation, the market value will be 228 million, and the price at this time is 0.207

3️⃣ According to the current market situation and user confidence in the project, and refer to Binance’s first two lanchpool projects Xai and manta; Xai’s current circulating market value is 200 million, Altlayer’s fundamentals are stronger than Xai, but weaker than mante, $MANTA raised 3160 Ten thousand, the opening market value is about 500 million, and the market value will be about 1.5 times the valuation. If Altlayer completes 1.5 times the valuation, the market value will be 342 million, and the price at this time is 0.31

4️⃣ Referring to the over-the-counter price of around 0.2 knives, it shows that the expectation of mass users in the market will be around 0.2 knives. This is a data support and can be used as a reference. Combined with Binance launchpool’s yield of about 2% in 7 days, the price will also fall between 0.2-0.3 interval

5️⃣ In summary, it is expected that the opening price of $ALT should be in the range of 0.2-0.3. There may be a chance that it will be lower than 0.2 dollars. At this time, I will choose to buy. If it is higher than 0.2, I will selectively wait and see and join.