My Neighbor Alice Price Soars 85% - Is This 2021 Metaverse Game Making A Comeback?

My Neighbor Alice Price Soars 85% – Is This 2021 Metaverse Game Making A Comeback?

Updated: 04 June 2024

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The cryptocurrency market, led by the flagship crypto, Bitcoin, has been experiencing a bullish moment in recent days. This bullish crypto market has attracted affiliated altcoins, such as non-fungible token game coins and several other meme coins, to retest a short rally.

My Neighbor Alice Price Soars 85% In The Past 7 Days

My Neighbor Alice, a non-fungible token game coin, is a perfect example of a digital asset that has retested some rally amid the short crypto market frenzy. Data compiled by coinmarketcap, an on-chain crypto market aggregator, shows that the price of $ Alice has skyrocketed more than 80% in the past seven days.

Launched in 2021, $ALICE is a native token from My Neighbor Alice, a blockchain-based multiplayer game that lets players build virtual homes, farms, and more. $ALICE can be earned through in-game participation, staking, and platform governance and can be used to purchase in-game items.

My Neighbor Alice is one of the 2021 metaverse gaming platforms where crypto players build and create virtual lands, interact with neighbours, perform exciting daily activities and earn rewards. The veteran metaverse game allows gamers to own a virtual island and participate in various activities such as farming, fishing and more.

Is My Neighbor Alice Making A Comeback?

The price of the ALICE token has been pumping after breaking out of a resistance level at $1.4 that had been in place for over a month. This notable price surge might have been attributed to a number of reasons, including the recent announcement of the $150 contest winner. The price surge also shows the potential recovery of metaverse gaming.

Metaverse games are powered by cutting-edge technology, such as Blockchain, augmented and virtual reality, artificial intelligence, spatial computing, and advanced graphics. For the past three years, metaverse gaming has experienced an intense fall, with some people declaring the sector dead.

Nonetheless, ALICE has showcased strong market resilience, with its price chart indicating a notable uptrend since September 2022. During this time, the NFT game coin has gained nearly 300% before peaking in mid-March. Unfortunately, Alice suffered a 150% dip in mid-April. The recent breakout from the accumulation zone could signal the start of another bullish market rally, attracting more optimistic traders and gamers to the token.