{"id":294238,"date":"2024-05-02T17:15:15","date_gmt":"2024-05-02T11:45:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=294238"},"modified":"2024-05-02T17:15:15","modified_gmt":"2024-05-02T11:45:15","slug":"alt-price-soars-5-as-altlayer-introduces-realt-for-phase-2-staking-program-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/alt-price-soars-5-as-altlayer-introduces-realt-for-phase-2-staking-program-crypto-news\/","title":{"rendered":"ALT Price Soars 5% As Altlayer Introduces ‘reALT’ For Phase 2 Staking Program – Crypto News"},"content":{"rendered":"

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Altlayer\u2019s native token ALT nabbed significant attention across the broader crypto market today, May 2, as its price witnessed remarkable upward momentum. Coming in tandem with Altlayer\u2019s introduction of the \u2018reALT\u2019 token as part of Phase 2 of the network\u2019s staking<\/a> program, the price rally curated waves across the crypto landscape.<\/span><\/p>\n

\u2018reALT,\u2019 a.k.a. the restaked ALT token, follows the launch of the Xterio MACH dual staking pool, where users could stake ALT in a staking contract alongside ETH and LSTs via EigenLayer to earn upcoming Xterio ecosystem rewards. These developments mark a monumental stride for Altlayer\u2019s cryptographic venture, further attracting substantial attention among crypto market participants.<\/span><\/p>\n

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Altlayer Staking Enters Phase II With \u2018reALT\u2019<\/span><\/h2>\n

As per the official statement from Altlayer, the community was informed today about the innovative ERC 20<\/a> token, reALT. This token is designed to simplify the staking process for ALT holders. By automatically compounding rewards, reALT enhances the benefits of ALT staking, making it easier for users to capture and accumulate rewards.<\/span><\/p>\n

To participate, users stake ALT in the main staking pool and receive reALT tokens in return. Whereas, underneath reALT lies this ERC1155 token stALT, standing for \u2018staked ALT token.\u2019\u00a0<\/span><\/p>\n

stALT mirrors the staking contribution of the holders in the main pool, and users can manually convert stALT to reALT via the network\u2019s portal.<\/span><\/p>\n

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Once in possession of reALT, holders can delegate it to various LaunchPools, including the Xterio pool, which are with restaked rollups. Periodic snapshots of reALT balances ensure accurate calculations for future pool rewards, enhancing transparency and efficiency in the staking process.<\/span><\/p>\n

This mover by Altlayer<\/a> further underscored efforts to reward users for their dedication and loyalty to the network. In turn, a tidal wave of optimism birthed for ALT, further propelling optimism in hand with the token\u2019s price upturn.<\/span><\/p>\n

Also Read: Shiba Inu Magazine\u2019s 23rd Edition Is Out, Know All About Shibarium Hard Fork<\/a><\/strong><\/p>\n

ALT Price Rallies 5%<\/span><\/h2>\n

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At the time of writing, ALT\u2019s price jumped 5.62% in the past 24 hours and is currently trading at $0.3446. The token\u2019s price rally, falling in sync with the community\u2019s monumental development, fuels market optimism on ALT\u2019s price action ahead. Coinglass revealed a 6.31% upswing in ALT\u2019s open interest, adding to this optimism.<\/span><\/p>\n

Also Read: Axelar (AXL) Price Jumps 14% In Recovery To New All-Time High<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Altlayer\u2019s native token ALT nabbed significant attention across the broader crypto market today, May 2, as its price witnessed remarkable upward momentum. Coming in tandem with Altlayer\u2019s introduction of the \u2018reALT\u2019 token as part of Phase 2 of the network\u2019s staking program, the price rally curated waves across the crypto landscape. \u2018reALT,\u2019 a.k.a. the restaked […]<\/p>\n","protected":false},"author":2,"featured_media":236842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-294238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=294238"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294238\/revisions"}],"predecessor-version":[{"id":294244,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294238\/revisions\/294244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/236842"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=294238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=294238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=294238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}