Alephium is a layer-1 sharding blockchain platform for developing decentralized applications (dApps).
It combines tweaked technologies like stateful UTXO and the proof-of-less-work consensus mechanism.
The protocol is built with a sharding algorithm called BlockFlow and leverages the DAG data structure.
Alephium is faster and more efficient compared to the key players offering smart contracts. The platform is powered by its native utility token ALPH.
This article is your guide to understanding the Alephium blockchain ecosystem and its native token.
The piece is broken down into sections that explain the key features of the platform, the economics of the token, its past market performance, and future price forecasts.
I will also add details of where and how you can buy ALPH, should you be interested. Let’s get started without any further delay.
Alephium (ALPH) Key Features
Alepheum offers plenty of useful features. Here are a few with brief explanations.
| Sharded L1 | Alepheum is a sharded layer 1 blockchain, which allows the platform to scale without compromising on efficiency. |
| sUTXO model | The platform has developed something called the stateful Unspent Transaction Output (sUTXO) model, which is an upgrade to the original UTXO model. |
| Proof of Less Work (PoLW) | Alephium builds on top of the traditional PoW mechanism, which consumes relatively less energy while offering robust security. |
| Wallet | The platform offers an easy-to-use wallet, making it more accessible to users. It has desktop, browser-based, and mobile versions. |
Alephium (ALPH) Tokenomics
The total supply of Alephium is 194,622,630 tokens and the supply is capped at 1 billion tokens. Nonetheless, only 74,432,812 ALPH are in existing circulation.
Alephium (ALPH) Past Performance
ALPH was launched in January 2022 at $0.9327. From that, the token’s price slid to sub-0.2 levels by March of the same year.
However, things started to change by the end of 2023 and ALPH started to take off in February 2024.
At the time of writing, ALPH has a market price of $2.39 which is trading 5.81% below yesterday’s numbers.
The token has a market capitalization of $177 million. At $1.5 million, the 24-hour trading volume is, however, up 30% from yesterday.
Alephium (ALPH) Price Prediction
Technical indicators from the last few days suggest that the current market sentiment is neutral although the Fear & Greed Index is at 79 signaling extreme greed.
ALPH recorded only 10 (33%) out of the last 30 days in the green territory with a modest 11.79% price volatility. Our analysts think that now is a good time to buy ALPH.
2024: Based on the technical data, the price of ALPH is expected to go up by 230.74% and hit $ 8.21 by the beginning of May.
2025: Going into 2025, ALPH’s price is expected to fall between $2.48 and $11.84. If we compare this to today’s price, ALPH could potentially give a return as high as 393.32% to an investor who buys the token today.
2030: Going forward to 2030, ALPH is projected to be priced between $6.38 on the low end and $10.34 on the high end.
Compared to today’s price, this will equate to a 331.02% return on investment if the token price hits the upper price target.
Where to Buy Alephium (ALPH)?
You can buy ALPH from the following exchanges.
How to Buy Alephium (ALPH)?
You can find relatively high liquidity and market depth for ALPH on Gate.io. Here is how you can buy the token from the same.
- First, visit the Gate.io website, sign up for a new account, and complete the KYC, giving the necessary details.
- Now, load your wallet with a stablecoin like Tether(USDT).
- Navigate to the trading section and search for ALPH/USDT.
- Choose ‘limit order’ and enter the number of ALPH tokens you plan to buy. Hit ‘buy’.
- Click ‘confirm’ and your ALPH tokens will show up on your Gate.io wallet.
Conclusion
As a layer 1 blockchain, Alepheum poses itself as a competitor to industry giants like Bitcoin and Ethereum.
The platform has cleverly tweaked several of the existing technologies used in traditional blockchains to solve their limitations.
The token has been performing low for the first year or so since its inception but has been showing signs of growth for the past few months. Our analysts are bullish about ALPH.
All being said, crypto investments are subject to large risks. Owing to their still-novel nature, crypto assets, including cryptocurrencies are prone to high volatility and the regulatory environment is still evolving.
We encourage the reader to do comprehensive research on the subject before investing in crypto markets or any similar type of venture.
