Altura price prediction: Is it game on for the crypto platform?

Altura, a crypto focusing on Smart NFTs, has gained 17% in value over the past week

Video game graphic showing a sports car riding down a palm-lined boulevard towards a sunset                                 
Altura is one of the many emerging cryptos attempting to harness blockchain in order to monetise video games – Photo: Shutterstock
                                

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In-game assets are an integral part of gaming. From weapons to costumes, there are hundreds of items that developers can create which have a variety of functions in games. With the emergence of NFTs, these assets, some of which have great value among gamers, have the potential to be monetised outside of the games that they were created for.

Altura, a crypto developed in 2021, provides developers with the tools and infrastructure to integrate into the games and apps as they build the next step in non-fungible tokens (NFTs) – smart NFTs.

The coin enjoyed a bullish run towards the latter end of 2021; however, it has since dipped. But what is the latest Altura coin price prediction?

Before looking at the forecasts, let’s take a quick overview of the coin.

What is Altura (ALU)?

According to a company tweet, Altura provides “an entire development toolkit to easily integrate NFTs in any third-party applications without any Web3 knowledge. This means that normal everyday web and game developers can tap into the power of NFTs”.

Previously, gaming assets were centralised and attached to the games they had been created for. They couldn’t be easily traded or monetised. With the emergence of blockchain technology and smart contracts, digital assets could be linked to a specific owner.

Smart NFTs, according to the website, are an extension of the features developed in NFTs.

Smart NFTs vary in what they do, such as adding properties like time-based access – meaning there is an expiry date to a holder’s ownership of a particular NFT. On Altura’s platform, smart NFTs are being developed that have the capacity to alter according to a set of conditions being met. The example they use on their website is “a video game sword that gets stronger every time it is used to slay a monster”.

Other features of the ecosystem include simple APIs, rendering building on the protocol easy; a function which allows developers to incorporate assets belonging to other projects into the games they are creating; and loot boxes that drop NFT collections.

On its website, Altura has an extensive NFT marketplace where users can trade and collect digital assets.

Founders of Altura

The ecosystem was founded by CEO Majd Hailat and Maxim Sindall. Both individuals are based in Canada.

There is limited information about Hailat on LinkedIn, aside from the fact he is an “experienced software developer”. According to CoinMarketCap he is the lead developer at Portfolio View as well as the host of the Eager Money YouTube channel.

Sindall studied mining and mineral engineering at University of Toronto before working as a project coordinator for Sparta Stocks in Canada. He subsequently worked as a program developer in a self-employed capacity, before becoming a cryptocurrency miner in 2016.

With nearly 70,000 holders of ALU coin, the crypto appears to be doing fairly well, but how does this information affect an Altura price prediction for 2022? Or even an Altura price prediction for 2030?

Before we look at forecasts, let’s do a review of the recent performance of the coin.

Recent coin performance

The ALU coin dipped immediately after release, dropping from $0.02505 on 10 May 2021 to $0.007573 on 17 May 2021. The coin plateaued between May and September, never breaking the $0.013 mark. In September the coin began to rise, hitting $0.05972 on 19 September 2021 before dipping to $0.03822 on 30 September 2021. After rising to $0.05118 on 2 October 2021, the coin price dipped to $0.0427 on 20 October 2021. In November the coin price surged. It hit a record high of $0.4459 on 3 November 2021, before correcting to $0.224 on 11 November 2021. After rising to $0.3534 on 26 November 2021, the price dipped to $0.1192 on 20 December 2021.

Despite dipping to $0.005374 on 22 January 2022, the coin has since risen, standing at $0.078 on 2 March 2022.

The coin has risen over 5% in value over the past 30 days and over 17% in the past 7 days. The coin has dropped more than 7% in the past 14 days.

There is a maximum supply of 1.33 billion ALU coins and a current circulating supply of just over 611 million coins.

The coin has a market cap of $42.25m.

How does this data affect an Altura price forecast?

ALU price prediction – expert opinion

It’s important when looking at predictions to remember that while they can be helpful as an indicator of which direction the price may move, they should be viewed as possibilities rather than absolutes. This is especially the case when looking at long term forecasts, as these can sometimes be completely off the mark. This is because of the inherent volatility of the crypto market but also the many unknowns that could have an impact on future prices.

With this in mind, let’s look at some Altura price predictions.

Wallet Investor in an optimistic forecast believes Altura should go to $0.281 in a year’s time, before increasing to $1.146 in five years’ time.

Gov.capital, in another bullish forecast, estimates the Altura price prediction for 2023 to be $0.377. In 5 years, the platform prediction Altura will be worth $1.261.

DigitalCoinPrice, in a less optimistic forecast, thinks that Altura could be worth $0.1 in April 2022 before increasing to $0.12 in 2023. The website’s Altura price prediction for 2025 stands at $0.17.

FAQs

How many Altura coins are there?

There is a maximum supply of 1.33 billion ALU coins and a current circulating supply of more than 611 million coins. 

Is Altura a good investment?

Potentially, however, a lot remains to be seen as to whether the project can attract sufficient attention from investors and  gain traction in the market. 

It is always worth remembering that the crypto market is highly volatile. The price of all tokens and coins can go down as well as up. Never invest any money you cannot afford to lose.

Will Altura go up?

Experts are fairly optimistic in regared to Altura coin. The coin could go up, however it could also go down. 

Always remember that forecasts, especially longer-term ones, should be viewed as indicators rather than absolutes.

Should I invest in Altura?

Investing is a highly personal endeavour. Do your own research and try to keep up-to-date on any developments within the Altura ecoystem that could boost or dampen its prospects.

Remember, investing can be risky: it is important never to invest more money than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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