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AltLayer (ALT) Volatility & Bitcoin Correlation: 9.5% Daily Range, Beta 1.29 to Bitcoin

How AltLayer (ALT) moves day to day and against Bitcoin, measured from 30 days of hourly prices and updated every morning.

Price
$0.005220
-0.8% 24h · -0.9% 7d
Daily range
9.5%
last day 5.6%
Beta to Bitcoin
1.29
correlation 0.20
Perp volume
$3M
a day · #144 by volume
Daily closes, last 30 days

How AltLayer moves

On a typical day AltLayer moves 9.5% from its low to its high (the median over 30 days), more than 89% of the 200 most-traded coins, one of the most volatile coins on the list.

When Bitcoin moves 1% in an hour, ALT moves about 1.29% in the same direction on average (beta 1.29). Its correlation with Bitcoin is 0.20: it follows Bitcoin barely. It mostly moves for its own reasons, so Bitcoin's direction says little about it.

Like almost every coin, it absorbs Bitcoin's moves within the same hour; there is no measurable one-hour lag.

On its last full day it moved 5.6% from low to high, 0.6× its usual range and traded 0.8× its usual perpetual volume.

In the last 30 days it had 16 hours with a move of 5% or more, and its busiest hours were 16:00, 05:00, 03:00 UTC.

It last traded 63.1% below its 30-day high and 2.8% above its 30-day low.

How these numbers are measured

Prices are Binance spot hourly closes for ALTUSDT over the last 30 full days. Daily range is the median distance from a day's low to its high. Beta is how far ALT moved, on average, for each 1% Bitcoin moved in the same hour; correlation is how consistently it moved with Bitcoin. Jumps are hours with a move of 5% or more; the busiest hours (16:00, 05:00, 03:00 UTC here) have the largest average move. Volume is the 7-day median on Binance USDT perpetuals.

These describe how AltLayer has moved, not where it will go. The same numbers for all 200 coins, sortable, and the daily watchlist with its public record are on the day trading screener.

FAQ

Does AltLayer follow Bitcoin?

Not much: over the last 30 days of hourly prices its correlation with Bitcoin was 0.20 and its beta 1.29, so a 1% Bitcoin move came with about 1.29% in ALT on average.

How volatile is AltLayer?

Its median daily range over 30 days was 9.5% from low to high, more than 89% of the most-traded coins. It had 16 hourly moves of 5% or more in that time.

What time of day does ALT move the most?

Over the last 30 days its largest average hourly moves came at 16:00, 05:00, 03:00 UTC.

Is ALT liquid enough for day trading?

ALT trades about $3M a day on Binance USDT perpetuals (median of 7 days), #144 among the coins we screen. Above $10 million a day is the minimum we use for the daily watchlist.

Coins that move like ALT

SYN8.9% a daybeta 1.29 · corr 0.41DUSK9.8% a daybeta 1.34 · corr 0.39MEGA9.4% a daybeta 1.17 · corr 0.33ONE9.1% a daybeta 1.17 · corr 0.22RSR8.9% a daybeta 1.20 · corr 0.32BAT10.1% a daybeta 1.19 · corr 0.31