What is Altura (ALU)?
Altura is a cryptocurrency that powers a smart contract platform designed for the gaming industry. It aims to revolutionize how gamers and developers interact with in-game assets by leveraging blockchain technology. The ALU token facilitates various operations within its ecosystem, including transactions, rewards, and governance.
Altura Price Overview
As of the latest data, Altura (ALU) is trading at approximately $0.0108. The token has experienced a 24-hour trading range between $0.0085 and $0.0115, reflecting typical market volatility. With a market capitalization of around $10.66 million, it currently holds a rank just outside the top 1500 cryptocurrencies by market cap.
Trading volume data provides insight into market activity, though specific figures fluctuate frequently. Investors should monitor real-time charts for the most current information.
Historical Performance and Key Metrics
Altura reached its all-time high of $0.4627 in November 2021, during a bullish phase in the broader cryptocurrency market. Conversely, its lowest recorded price was approximately $0.0026 in July 2021. These historical points highlight the asset's volatility and potential for significant price swings.
The circulating supply of ALU is fixed at 990 million tokens, with a maximum supply capped at the same amount. This limited issuance can influence scarcity and long-term valuation dynamics.
How to Analyze Altura's Price Chart
Reading a price chart effectively involves understanding several key components:
- Candlestick Patterns: These visual elements show open, high, low, and close prices for a specific period, helping identify market sentiment.
- Support and Resistance Levels: Key price points where an asset repeatedly reverses or stalls its trend.
- Volume Analysis: High trading volume often confirms the strength of a price movement, whether upward or downward.
- Technical Indicators: Tools like Moving Averages, Relative Strength Index (RSI), and MACD can help identify potential trends and momentum shifts.
Combining these analytical methods can provide a more holistic view of ALU's potential price direction.
Factors Influencing Altura's Price
The value of ALU is influenced by a combination of broader market forces and project-specific developments.
General Market Sentiment: Like most altcoins, ALU's price is heavily correlated with the overall performance of major cryptocurrencies like Bitcoin and Ethereum. Bullish or bearish trends in the wider market often trickle down.
Project Developments and Partnerships: News about technological upgrades, new game integrations, strategic partnerships, or expansion of the Altura ecosystem can positively impact investor confidence and demand.
Exchange Listings: Being listed on new, major cryptocurrency exchanges increases accessibility and liquidity, often leading to short-term price increases.
Regulatory Environment: Global regulatory news concerning cryptocurrencies and blockchain gaming can create uncertainty or optimism, affecting prices.
How and Where to Buy Altura (ALU)
Acquiring ALU tokens is a straightforward process on supported cryptocurrency exchanges. The first step is to choose a reputable platform that lists the token and supports your region.
After selecting an exchange, you will need to create an account and complete any necessary identity verification processes to comply with security regulations. Once your account is verified, you can deposit funds. Most platforms allow deposits via bank transfer, credit card, or by transferring other cryptocurrencies like USDT or BTC from an external wallet.
With your account funded, navigate to the trading section, search for the ALU trading pair (e.g., ALU/USDT), and place your order. You can opt for a market order for an immediate purchase at the current price or a limit order to specify your desired price. For a guided approach, you can 👉 explore a detailed guide on acquiring digital assets.
Storing Your ALU Tokens Securely
After purchasing ALU, deciding where to store it is crucial for security.
- Exchange Wallets: Convenient for active trading, but considered less secure for long-term holdings due to potential exchange vulnerabilities.
- Software Wallets: These are applications on your phone or computer (e.g., Trust Wallet, MetaMask) that give you control of your private keys. They offer a good balance of security and convenience.
- Hardware Wallets: Physical devices like Ledger or Trezor that store private keys offline. These provide the highest level of security for long-term investors who do not need frequent access to their tokens.
Frequently Asked Questions
What is the current price of Altura (ALU)?
The price of Altura is highly dynamic and changes constantly based on market supply and demand. It's essential to check a reliable live price chart on a cryptocurrency tracking website or exchange for the most up-to-date value.
How can I track Altura's price in real-time?
You can monitor ALU's live price, market cap, and trading volume by using popular portfolio trackers and market analysis websites. These platforms provide real-time data streams and advanced charting tools for technical analysis.
What determines the price of a cryptocurrency like Altura?
A cryptocurrency's price is primarily determined by market sentiment, trading volume, overall adoption, technological developments within its project, and broader economic factors affecting the crypto market as a whole.
Is Altura considered a good long-term investment?
The potential of any cryptocurrency as a long-term investment depends on numerous factors, including the success of its underlying technology, team execution, market adoption, and competitive landscape. Thorough personal research and a clear understanding of your risk tolerance are necessary before making any investment decision.
Can I mine Altura tokens?
Altura operates on a different consensus mechanism that does not involve traditional mining. The total supply of tokens was created at launch, and new tokens are not generated through mining activities.
What is the total supply of ALU tokens?
The maximum and circulating supply of Altura is 990 million tokens. This fixed supply is a key economic characteristic that can influence the token's scarcity and value over time.