It’s been a few months since the ALICE token was added to the Binance Exchange. Recently, however, there has been another NFT boom, when blockchain games with NFT items are popular. Probably everyone has seen what the AXS token has experienced thanks to the Axie Infinity game. Can ALICE do something similar thanks to its game My Neighbor Alice (MNA)?
Several factors suggest that it is
If we look at ALICE and the on-chain and fundamental factors that could affect whether this token also reaches 1000% growth, a few will be inclined to believe that it is likely.
– ALICE’s market capitalization is only $ 400 million, which is approximately 11 times less than AXS.
– The ratio of daily trading volumes to ALICE market capitalization is 0.9, which indicates a very high interest in this cryptocurrency. Although they are often underestimated, volumes are a key element of price developments. For comparison only, classical volumes relative to capitalization are usually between 0.1 and 0.2. If we look at the weekly chart, volumes have been at new highs in recent weeks.
– ALICE is on Binance, which is an important factor in terms of making this token accessible to as many people as possible. Thanks to this factor, ALICE owes the above-mentioned high daily volumes. Binance is basically the only big exchange where you can find this token. 75% of all volumes are traded here.
– Despite the high volume, ALICE is still below its ATH. This token achieved this right after adding to Binance, when the volatility is huge and is caused by market orders in the first seconds after publication. However, the first day candle closed around $ 20-22, and ALICE cryptocurrency has not yet surpassed this zone. However, increased volumes can significantly help her and start her to new highs.
– From a fundamental point of view, ALICE is also doing very well. The public pre-alpha version of My Neighbor Alice will be launched in a week. Fans will be able to try the district version of this game for the first time and complete a few game tasks. Impressions from the game can significantly affect the further direction of ALICE.
– In September, there will be another sale of NFT land / plots in the game.
– The full version of the game should come next spring sometime in the spring. This is still about 6 months, during which a lot can happen on the cryptocurrency market. However, these 6 months give fans the opportunity to buy an ALICE token as well as NFT game items and land at a much more favorable price. If you run the full version of the game, a boom similar to Axie Infinity may occur.
– This is a farm animated game that has no competition in the field of blockchain NFT games. Most current blockchain NFT games have the character of trading cards. From this point of view, the MNA can develop a strong monopoly in this area – provided, of course, that there is a lot of interest in this game.
– This is a play-to-earn model, which means that in this game you can earn real money (through cryptocurrencies) whether by selling NFT items, renting land and the like.
– Importantly, the game will be available on the Steam platform from the beginning, which again opens the door to the general public and many players.
– The current popularity of ALICE is also evidenced by their Twitter account, where a few days ago they exceeded the limit of 100,000 followers.
Alice – possible risks
Not to forget the other side of the coin. Although the risks of this cryptocurrency are less than positive, it is important to mention them. One of the biggest risks is the fact that ALICE basically bets everything on one card – its game. If this game does not meet the expectations of the players and will be not attractive, the ALICE token will fall along with the declining game. It will also be important to monitor the cryptocurrency market itself as I am interested in NFT games. Trends in cryptocurrencies are changing rapidly, we must not forget that. NFT games are beginning to emerge on a large scale, and it is also possible that an MNA-like game will emerge over the next six months, which could theoretically draw fans of the game to its side.
Of course, it is up to you to decide whether ALICE is an attractive investment for you or not. In this article, we have tried to objectively summarize all possible positives and negatives, but we recommend doing your own research and then your opinion, and making decisions accordingly.