Is Altura (ALU) A Good Investment In 2022?

Introduction

Altura (ALU) is a smart contract platform for minting, distributing, and transacting Smart NFTs.

In-game items are an essential part of any videogame that allows gamers to own their liked digital assets. However, in-game items have limitations, such as being centralized, not easily exchangeable, and being hard to implement. Altura is a smart contract platform that provides game developers with the possibility of minting, distributing, and transacting smart NFTs characterizing in-game items.

Smart NFTs include dynamic assets that are changeable under certain conditions. Smart NFTs have also been developed to popularize decentralized in-game items, a new range of potential opportunities that cannot be achieved with traditional NFTs.

Altura aims to create an easy-to-use interface and API for creating Smart NFTs, and it introduces some loot boxes to the blockchain. These boxes are random and smart.

How Does Altura Work

Altura's NFTs and all their metadata reside on the blockchain as BEP721 smart contracts and provide an API for developers to mint NFTs and an easy-to-use user interface to mint smart NFTs.

Altura makes money from the marketplace. However, a third-party marketplace is open to transact Altura smart NFT's and be unable to profit from transactions done on third-party platforms. Every time an NFT is transacted on the Altura marketplace, a small fee is taken from the payment. Also, game developers take their profit when an item is transacted on the Altura marketplace. Moreover, it should be mentioned that a system for preventing third-party marketplaces from opening is still not in place.

Financial Analysis

Altura's market capitalization skyrocketed over the last two weeks. Although it was ranked 1209 the market's crypto project on October 16, 2021, it reached the rank of 373 by the time of writing this post, surpassing $163 million market capitalization.

Its price also saw a similar jump over the same time frame, going up from $0.042 on October 16 to $0.41 on November 3. However, Altura's liquidity score is 35% below the market's average score, making it challenging to trade if the market is falling.

Altura is very young, so it needs time to see what will happen in terms of annual Return On Investment (ROI). However, if you had bought ALU a month ago, you could be in the sky because of the 691% profit!

Gaining public attention has the potential to determine the success of any project. Our data show that ALU's popularity increased on Reddit and Twitter over the last two weeks, with 138% and 56%, respectively. However, Telegram saw an opposite trend, decreasing by 3%.

You are saying that Altura is the best cryptocurrency to invest in?

Financial decisions are among every person's most critical decisions. We are not financial advisors, so we are not in a position to advise you to invest in a cryptocurrency project. However, we offer you a simple way to compare the investment options that help you make smarter financial decisions by freeing up your intelligence. We make it easy to compare thousands of coins. By doing all the hard work, we help you remove emotions from your decisions.

You can find our reports and easily compare the available investment options on our website.