AltLayer Price Analysis: ALT Crypto Set For HUGE $90M Token Unlock

AltLayer unlock is set to rock the ALT price chart as more than $90 million of the token will be unlocked. Eyes are on the viral 99Bitcoins presale.

Ethereum will continue to be a building block for the digital economy. Indeed, this is without challenges.

Ethereum is struggling to scale. Though there have been sidechains before, the idea of rollups is picking up momentum.

AltLayer plans to further enhance the layer-2 scaling landscape by offering a Rollup-as-a-Service (RaaS) feature for projects willing to scale using rollups, joining the likes of Arbitrum or Base.

This feature aims to speed up deployment, meaning Ethereum can scale up faster, benefiting users and developers.

Beyond scaling, AltLayer is a secure platform. Its developers also add that their goal is to further enhance finality and decentralized sequencing.

$ALT holder may have a hard time in many previous months as the token unlock very very much each month, making the price dilluted significantly. After this unlock, no ALT will be unlocked during 6 months before the linear vesting in January, 2025. Good luck for you. pic.twitter.com/ZdUpOwB3j8

— Liam Floyen (@LiamFloyen) July 25, 2024

For now, eyes are on ALT, the native token of AltLayer.

AltLayer Unlock Worth $90 Million to Rock ALT Price: More Selling Pressure?

According to TokenUnlocks, 684.33 million ALT worth roughly $90 million at spot rates will be unlocked today.

(Source)

This is a big supply problem: Every token unlock, regardless of project, tends to precipitously decline prices.

Since ALT is already fragile, sliding 80% from March highs, there are concerns the token will dump some more.

(ALTUSDT)

In June alone, ALT fell by 70%. Although stable, any drop below $0.12 could fast-track the sell-off, forcing the token into fresh Q3 2024 lows.

DISCOVER: The Best 17 Altcoins to Buy in July 2024

Investors Flocking To The 99Bitcoins Presale: Is 99BTC A Better Option?

As AltLayer traders track the unlocking event closely, smart investors are already doubling down on another gem: 99Bitcoins.

Currently, the 99Bitcoins presale is in progress and is already garnering significant support from investors across the board.

While AltLayer helps hasten the development of layer-2 scaling for Ethereum, 99Bitcoins is building an educational learn-to-earn (L2E) platform.

As of July 25, the 99Bitcoins presale had raised over $2.5 million, pointing to strong investor interest.

At this point in the presale, every 99BTC will sell for $0.00115.

Supporters are confident 99BTC will rip higher on launch.

They mostly cite the utility offered by 99Bitcoins.

Those learners willing to answer quizzes or complete blockchain courses will be rewarded with 99BTC tokens.  

As engagement spikes due to this offer, investors can also stake 99BTC and receive a high 683% APY.

The ultra-high yield is intended to attract even more investors willing to stake, lock away 99BTC, and make the token scarce.

If the strong momentum seen in the ongoing 99Bitcoins presale continues, 99BTC will likely outperform ALT and even top altcoins by the end of the year.

Don’t Miss out.

Buy 99BTC HERE

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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