My Neighbor Alice (ALICE)
What is My Neighbor Alice?
A few years ago, no one would have thought players would be incentivized to participate in a ‘charming farm and builder game,’ a place for players to build farmlands into booming businesses on the blockchain. Well, My Neighbor Alice is a project providing this reality for millions of gamers worldwide.
My Neighbor Alice is a blockchain-based free-to-play virtual reality multiplayer builder game where players can purchase and own virtual islands/land plots, unique in-game items, and chat with friends.
The game allows for the customization of virtual islands from terrain form to various decorations like animals, lakes, plants, houses, etc. Players can trade these items as NFTs (non-fungible tokens) on My Neighbor Alice’s NFT marketplace through the network’s main digital currency, ALICE.
Furthermore, ALICE allows for other functions like collateralization (borrowing and lending NFTs), earning from completing different quests, and staking. My Neighbor Alice was launched in July 2021 and was developed by Antler Interactive, a game development company.
While CoinMarketCap ranks ALICE at #172 for most traded cryptocurrencies, the project is the sixth-largest for gaming-related coins and is worth $13.35. Let’s learn a bit more on why this whimsical, FarmVille-inspired project may be a good investment and consider a few price predictions.
Is ALICE a good investment?
The match between cryptocurrencies and gaming was inevitable. Before the prevalence of the blockchain, players would earn imaginary tokens in their games. However, the difference now is players can exchange this in-game tokenization into real-life money.
Over the last few years, gaming has become more professionalized, with millions of people making some form of living or extra money from playing video games.
Overall, games like My Neighbor Alice represent one of the most light-hearted methods for taking the blockchain and NFTs into the mainstream, raising awareness and adoption. The lending and borrowing aspect is also interesting and uncommon for a game.
We should also consider the NFT market. Whether the space is a speculative bubble, it’s no denying people have been paying seemingly absurd amounts for such tokens based on the perceived rarity and scarcity. ALICE is one of the tokens underpinning this activity.
Hence, if people keep on spending, that may be a catalyst to increasing ALICE’s value. Lastly, ALICE. The circulating supply of the coin also links to scarcity. There is a maximum supply of 100 million tokens, with 23 million presently in circulation.
Should I buy ALICE today: Crypto technical analysis for ALICE
Here, we’ll use a simple 50-day and 200-day exponential moving average crossover system. The goal is for the 50 (yellow) to cross above the 200 (orange). Additionally, the price should be above both moving to validate a buying trigger.
Fortunately, the chart meets both these criteria, suggesting a good time to buy ALICE today. Moreover, TradingView’s technical analysis (located at the bottom right of the chart) also suggests a ‘BUY.’
Will ALICE coin price hit 50 USD in a year?
According to CoinMarketCap, the all-time high price for ALICE is $42.55, just a few dollars from the $50 mark. So, can ALICE reach the latter point in a year? To answer this question, we’ll look at forecasting analysis from Digitalcoin.
The site suggests ALICE should be worth $23.36. On the other hand, Wallet Investor, another forecasting site, estimates a $20.59 valuation. Both of these predictions are similar and seem pretty reasonable.
Of course, with the uncertainty of cryptocurrencies, ALICE could very well surpass $50 with enough trading volume. Hence, like any investment, investors should prepare themselves for any outcome.
What is ALICE’s coin price prediction for 2025?
Sadly, since ALICE is a relatively new cryptocurrency, TradingView cannot provide moving averages for the 50 and 200-day periods. No one can be sure if ALICE will perform exceptionally well as other projects that were also once fairly newcomers.
Nonetheless, let’s look at predictions from Digitalcoin.
According to the site, ALICE should be worth $41.15 by 2025, while Wallet Investor estimates $25.19. Like any investment, these are only predictions, and hence, investors should expect a similar, better, or worse eventual result.
The best way to buy ALICE
The best method of buying ALICE is through the numerous exchanges trading the token. These include Binance, Gate.io, Bithumb, Uniswap, FTX, and more. Some of the mentioned exchanges provide a wallet for storage purposes, or you can find one from several external providers supporting ALICE.