AltLayer (ALT) Price Prediction 2024-2030: Will ALT Price Hit $1 Soon?

• The bullish ALT price prediction ranges from $0.7573 to $0.8879.
• ALT price might also reach $0.9658 in 2024.
• ALT’s bearish market price prediction for 2024 is $0.201.

What is AltLayer (ALT)?

Based on the documents, AltLayer is an open and decentralized protocol for rollups. Through AltLayer’s Restaked rollup, it takes the existing rollups, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, and more, and provides them with “enhanced security, decentralization, interoperability, and crypto-economic fast finality.”

Restaked rollups are a set of three “vertically integrated” Actively Validated Services (AVSes) created on-demand for a given rollup that work with any underlying rollup stack. The AVSes offer three key services to rollups, such as verification rollups’ state correctness, faster finality, and decentralized sequencing. These three services are provided through three modular components called—-VITAL (AVS for decentralized verification of rollup’s state), MACH (AVS for fast finality), and SQUAD (AVS for decentralized sequencing).

AltLayer’s Rollups-as-a-Service (RaaS) launchpad allows developers as well as individuals with no coding experience to spin up a customized rollup within two minutes with only a few simple clicks. The Raaas product includes features such as being built for multi-chains and a multi-VM world.

One of the key factors that powers up AltLayer’s protocol is its native utility token, ALT. ALT has several utilities within the ecosystem, such as economic bonds, governance, protocol incentivization, and protocol fees. These ALT tokens can be used alongside restaked assets to provide an economic stake. As part of its protocol incentivization features, ALT is given as rewards for operators in the AltLayer ecosystems for their services. 

AltLayer (ALT) Market Overview

AltLayer (ALT) Price Analysis 2024

Currently, ALT is ranked in the 115th position on CoinMarketCap. Will developments and upgrades within the AltLayer community increase the price of ALT? We shall see this in this Coin Edition price analysis 2024 article.

AltLayer (ALT) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The candlesticks initially started their uptrend after they fell and eventually broke below the lower band. As such, a price correction was initiated as the candlesticks began to hit the upper band of the indicator. After a continuous test on the upper band, the candlestick broke beyond it, exposing the altcoin to an overbought region. This may have caused the price to face a retracement after a consolidation phase. 

It seems that the recent price action could have been a key factor in creating a disturbance in the volatility of the market. So far, the BBWP has been moving sideways within the neutral zone with few indications of band expansion and contraction. However, the current position could suggest that the bands may enter a somewhat stable market if the BBWP continues to fall in value. Thus, traders need to wait for trend confirmation before making their trade. 

AltLayer (ALT) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

Looking at the above chart, the RSI is valued at 53.38, which is considered the neutral zone by many traders. The current neutral position in the RSI indicator happened after it touched the overbought region after it crossed 70. Reacting to the overbought surge, the candlesticks faced a price retracement, causing their value to drop. Although the RSI was still in the neutral zone, the prices have been trading slightly upwards within the top-half of the RSI bands, indicating that the bullish trend still exists even though its strength is weak. 

AltLayer (ALT) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator helps the trader easily identify the trend of an asset and its current sentiment. Basically, MACD shows the difference between two Exponential Moving Averages (EMA) and helps traders see the crossover between them. By default, MACD has a set value of 12-day EMA, 26-EMA, and 9-day EMA. The MACD allows users to easily see the price trend through its line and histogram visualizations.

The chart above highlights that the green bars are forming on the indicator, signaling a bullish trend in the short term. Additionally, the MACD line moving upward and staying above the signal line is a sign that the short-term trend could continue for some time. However, it should be noted that the green bars on the indicator are reducing in height, which could be another indication that the trend is weakening. Hence, traders could expect a trend reversal soon. 

AltLayer (ALT) Price Prediction 2024

ALT is currently trading at the $0.4 level after observing a weak uptrend in the short-term period. Even though the trend is weak, the accumulation and distribution indicator highlights that the accumulation is negative in value and reducing. With these signs, we could assume that the selling activity may be increasing and could overrule the bulls reign. There may be a chance that the continuous seller activity could pull the value of ALT below $0.3. 

However, in the long term, if buyers continue to show interest in the altcoin, ALT has the potential to cross beyond the $0.8 level. Additionally, the extreme bullish market sentiment could further allow ALT to break beyond $0.9 and even touch the $1 barrier.

AltLayer (ALT) Price Prediction 2025

ALT could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ALT will continue to rise in 2025, forming new resistance levels. It is expected that ALT will trade beyond the $1.45 level.

AltLayer (ALT) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, ALT could tumble into its support region of $167. Moreover, when ALT remains in the oversold region, there could be a price correction soon. ALT, by the end of 2026, could be trading beyond the $1.87 resistance level after experiencing the price correction.

AltLayer (ALT) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears. ALT is expected to rise after its slumber in the bear season. Moreover, ALT could even break more resistance levels as it continues to recover from the bearish run. Therefore, ALT is expected to trade at $2.25 by the end of 2027.

AltLayer (ALT) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, ALT will continue to form new higher highs and is expected to move on an upward trajectory. Hence, ALT would be trading at $3.54 after experiencing a massive surge by the end of 2028.

AltLayer (ALT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ALT could be trading at $3.72 by the end of 2029.

AltLayer (ALT) Price Prediction 2030

After witnessing a bullish run in the market, ALT and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ALT could be trading at $4.03.

AltLayer (ALT) Price Prediction 2040

The long-term forecast for ALT indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, ALT may face a slight fall before starting its upward journey once again. It is expected that the price of ALT could reach $14.88 by 2040.

AltLayer (ALT) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ALT could surpass the resistance level of $29.17.

Conclusion

ALT has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in ALT and add these tokens to their portfolio, then it could continue to rise. ALT’s bullish price prediction shows that it could pass beyond the $0.9273 level in 2024. Moreover, ALT could surpass the $29.17 level by the end of 2050.

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