What is the reALT token of AltLayer (ALT)? How will the price of ALT go in the future?
First of all, reALT is a re-staked ALT token. It is an automatically compounded ERC20 shared token that captures the user's ALT staking contribution and accumulates the compound rewards obtained. It is issued to users who stake ALT in the main staking pool.
With reALT, you can participate in multiple pools at the same time to maximize exposure and selection rate, and benefit from automatic compounding. Always keep reALT in your wallet, and you may receive official rewards in the future.
That's all for a brief introduction to reALT. If you want to know more, you can go to the official announcement for a detailed introduction. Let's talk about the price of ALT.
After ALT was listed on Binance, the price performance was very good. I believe everyone has experienced it, but the recent performance is quite bad. It is falling every day and setting new lows. From its daily chart, ALT is now in a downward trend and there is no sign of stopping the decline.
