Here’s why AltLayer crypto is up 35% today
AltLayer’s native token, ALT, recorded a sharp rally on Monday, June 16, forming a notable breakout candle ahead of its listing on South Korea’s leading exchange, Upbit.
According to data from crypto.news, AltLayer (ALT) surged by 104% intraday, reaching a high of $0.051 before retracing to $0.033 at press time. Despite the pullback, ALT remained up 35% on the day, with its market cap at approximately $117 million, marking its highest valuation since early February.
ALT gained traction after it secured a listing on Upbit, a tier-1 crypto exchange in South Korea.
Listings on major centralized exchanges often drive short-term price appreciation as they expand liquidity access and investor reach. However, such…
