The project $ALT is essentially a middleware for Rollup scaling, focusing on a new concept of 're-staking Rollup.' In simple terms, it can package and upgrade various Rollup technologies, adding a security buff through a staking mechanism.

This project has a significant background, having received investments from large institutions like Polychain and Binance, and the team has a luxurious background, including prominent figures like the former CTO of Coinbase.

Currently, the price of the ALT token is around $0.04, which has dropped 95% from its peak of $0.68, with a market cap of $140 million. The total supply is 10 billion, with 35% currently in circulation, and a large number of tokens are yet to be unlocked.

From a technical perspective, it has indeed captured the current hot topics in the Rollup track, especially by integrating this new re-staking gameplay.

However, the problems are also quite evident:

First, competition is fierce among similar projects, with giants like Arbitrum and Optimism also developing similar offerings;

Second, there is significant pressure from token releases, with early investors having costs as low as $0.008-0.018, making the current price still very profitable for them.

I believe there might be a short-term surge due to Binance's endorsement and the hype around the Rollup concept, but whether it can survive in the long term depends on the actual application landing. If you want to participate, I suggest taking a small position for short-term trading, and definitely don’t hold long. Remember to set a stop-loss, as projects with high circulation and a large number of unlocked tokens can easily be dumped by early investors. After all, in the crypto world, even the best technology can't outdo token economics design.

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