My Neighbor Alice Market Analysis December 2021
$Alice token is the in-game token of My Neighbor Alice that users can use as a currency to buy different NFTs to earn more from the game. There are 100,000,000 ALICE tokens worth around 14$, with a market capitalization of 437 million$.
What is My Neighbor Alice?
My Neighbor Alice is another blockchain game inspired by the animal crossing created and developed by Nintendo. My Neighbor Alice uses the chromia blockchain.
It is a multiplayer blockchain builder game where anyone can buy and own virtual islands, collect and build exciting items and meet new friends.
Their gameplay consists of building virtual lands, interacting with other game players or neighbors, and performing different daily tasks to earn rewards. New players looking to play the game can start by buying land and doing simple activities such as farming, fishing, bug catching, and others mentioned in the activities tab.
Players can also buy the in-game NFT to decorate their farm. This NFT consists of flowers, trees, building animals, and so on to decorate their farm, which they can purchase from their token $Alice. They are planning another update where players can rent their NFT and earn money through it. New players can make the most use of it before investing massive amounts into the game.
What is the Alice token?
$Alice token is the in-game token that users can use as a currency to buy different NFTs to earn more from the game. Moreover, players can stake the token to earn some good staking rewards.
It can be used on both networks, be it Etherum or Binance it supports both ERC20 and BEP20 standards. Alice tokens can be used for staking, purchasing in-game items, playing to earn, and governance.
Alice Token Market Analysis
The main reason the $Alice token pumped is due to their announcement for 80 million funds, which can be used to expand their metaverse surrounding. There are 100,000,000 ALICE tokens worth around 14$, with a market capitalization of 437 million$.
Alice Token Price Prediction
Formed out the symmetrical triangle on the 1D timeframe where the price action has broken out the pattern and got pumped around 89.21%. Then it again formed out the bull flag pattern, which is also a bullish pattern, broke out the resistance, and currently retest candle is yet to be close. If it closes above the candle, we can see a successful retest and expect momentum in price. Although all the EMAs show excellent support.
The price is consolidating in a symmetrical triangle. Further, we’d have to wait for a breakout or breakdown to confirm the next move and only then decide whether to enter the market or not.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.