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๐ What Happened to AltLayer (ALT)? A Comprehensive Update
AltLayer (ALT) is a decentralized protocol designed to enhance Ethereum scalability through rollups-as-a-service (RaaS). Since its launch in January 2024, ALT has experienced significant volatility, influenced by market dynamics and internal developments.coinmarketcap.com+6coingape.com+6coindesk.com+6
๐ Current Market Snapshot
Price: $0.0316
24h Change: -6.74%
24h Range: $0.0316 โ $0.0339
Market Cap: ~$106.9 million
Circulating Supply: 3.27 billion ALT
All-Time High: $0.6881 (March 2024)
All-Time Low: $0.02248 (April 2025) coindesk.com+6coinmarketcap.com+6coinspeaker.com+6coingape.comcoinmarketcap.com+2en.coinotag.com+2coingape.com+2
๐ Reasons for Recent Decline
Token Unlock Events: A significant unlock of $115 million worth of ALT tokens has led to increased selling pressure, contributing to price volatility. reddit.com+2coingape.com+2en.coinotag.com+2
Market Sentiment: Broader bearish trends in the cryptocurrency market have affected investor confidence in ALT.
Technical Indicators: Bearish signals, including downward-moving averages and neutral RSI, suggest caution for potential investors. gate.io
๐ Key Developments
Partnerships: In May 2025, AltLayer received a 2 million GPS token allocation from GoPlus, a security infrastructure protocol, highlighting its role in security and infrastructure initiatives. messari.io
Platform Expansion: AltLayer advanced its Autonome platform, unveiling a whitepaper supporting secure and verifiable autonomous agents, and expanded its RaaS offerings, including enabling Starknet rollups. coingape.com+5messari.io+5coinmarketcap.com+5
DODOchain Launch: DODO launched DODOchain, a Layer 3 network built on Arbitrum, EigenDA, and AltLayer, incorporating MACH AVS for faster transaction finality and improved trading efficiency. messari.io+1coinmarketcap.com+1
๐ฎ Future Outlook
Short-Term Forecast: Technical indicators suggest a cautious approach, with price predictions ranging between $0.027 and $0.063 for 2025. gate.io
Long-Term Potential: If AltLayer's RaaS platform gains widespread adoption, especially through collaborations with projects like EigenLayer and Celestia, the forecasted high for 2030 could reach $1.76. gate.io
๐ง Conclusion
AltLayer's journey reflects the inherent volatility of the cryptocurrency market. While recent developments indicate progress, potential investors should weigh the current market conditions and technical indicators before making decisions.en.coinotag.com$WCT