Introduction to Altura (ALU)
Altura is a cryptocurrency that powers a smart contract platform focused on the gaming industry, enabling developers to integrate blockchain technology into their games. Its native token, ALU, is used for transactions, purchases, and incentives within this ecosystem. Understanding its market performance is essential for anyone interested in this digital asset.
This analysis provides a detailed look at Altura's current price, market capitalization, trading data, and key considerations for potential investors. Staying informed with real-time data is crucial, as cryptocurrency markets are highly volatile and can change rapidly.
Current Altura (ALU) Market Data
As of the latest update, Altura is trading at approximately $0.0108. In the past 24 hours, its price has fluctuated between a low of $0.0085 and a high of $0.0115. This level of volatility is common in the crypto market and highlights the importance of monitoring price movements closely.
The trading volume for ALU over this period was not specified in the source, but active trading is a key indicator of market interest. Altura's market capitalization stands at around $10.66 million, which places it at rank #1510 among all cryptocurrencies by market cap. This metric helps gauge the project's size relative to the broader market.
Historical Price Performance
Altura has experienced significant price movements since its inception. Its all-time high of approximately $0.463 was reached in November 2021, during a bullish phase in the cryptocurrency market. Conversely, its all-time low of about $0.0026 was recorded in July 2021.
Analyzing these historical extremes provides context for the current price level. It is trading significantly below its peak, which may attract investors looking for potential growth opportunities. However, past performance is not a guarantee of future results, and comprehensive research is always advised.
How and Where to Buy Altura (ALU)
Purchasing Altura is a straightforward process on supported cryptocurrency exchanges. The first step is to choose a reputable platform that lists ALU trading pairs. After creating an account, you will typically need to complete a verification process to comply with regulatory standards.
Once your account is verified and funded, you can navigate to the trading section to place an order. You can choose between a market order for an immediate purchase at the current price or a limit order to specify your desired price. After completing your purchase, consider transferring your tokens to a personal wallet for enhanced security. For a seamless trading experience, you can explore more strategies on advanced platforms.
How to Sell Altura (ALU)
The process for selling Altura is similar to buying. Log into your exchange account and access the trading interface for the ALU market. You can then place a sell order, choosing between a market order for a quick sale or a limit order to set a specific price target.
After your sell order is executed, the proceeds will be credited to your exchange account. You can then withdraw these funds to your bank account or use them to invest in other digital assets. Always be aware of transaction fees and market conditions that might affect the final settlement amount.
Is Altura a Good Investment?
Evaluating Altura as a potential investment requires a careful analysis of multiple factors. Its current low market cap position suggests it is a smaller project, which can mean higher volatility but also greater potential for growth compared to larger, established cryptocurrencies.
Consider the project's fundamentals, including its use case in the gaming industry, development activity, and community support. Weigh these against your individual risk tolerance and investment goals. It is highly recommended to diversify your portfolio and not invest more than you are willing to lose. To make informed decisions, get advanced methods for market analysis.
Altura Tokenomics and Supply
A key aspect of any cryptocurrency is its tokenomics. The circulating supply of Altura is 990 million ALU, and its maximum supply is also capped at 990 million tokens. This fixed supply means no new tokens will be created, which can influence the asset's scarcity and long-term value proposition.
Understanding the total supply helps investors assess the potential for inflation or deflationary pressure on the price. It is also important to stay updated on any network changes or token burns that could alter these supply metrics in the future.
Frequently Asked Questions
What is the current price of Altura?
The price of Altura is highly dynamic. At the time of writing, it is approximately $0.0108, but this value changes constantly based on market supply and demand. Always check a reliable live chart for the most up-to-date information.
How can I purchase Altura tokens?
You can buy ALU on several cryptocurrency exchanges. The process involves creating an account, completing identity verification, depositing funds, and then placing a buy order on the ALU market pair.
What is Altura's market rank?
Altura is currently ranked around #1510 by market capitalization among thousands of cryptocurrencies. This rank fluctuates along with its market cap and the caps of other digital assets.
What was Altura's highest historical price?
Altura reached its all-time high price of nearly $0.463 in November 2021. This peak occurred during a period of widespread bullish sentiment across the crypto market.
Is there a maximum supply for ALU?
Yes, the maximum supply of Altura tokens is fixed at 990 million. All of these tokens are already in circulation, meaning there is no further inflation from new token issuance.
Should I invest in Altura?
Investment decisions should be based on thorough personal research and risk assessment. Consider Altura's technology, market position, and your own financial goals. Consulting with a financial advisor is always a prudent step before investing in volatile assets like cryptocurrencies.