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Highlights
- Farming is a pretty popular gaming theme, and My Neighbor Alice is betting on the same
- The game, which is powered by the Chromia blockchain, has the ALICE crypto as the native token
- ALICE is competing with other gaming tokens like the popular AXS token of Axie Infinity
Gaming is popular, and the addition of blockchain’s decentralized attributes to it is piquing the interest of cryptocurrency enthusiasts. Though high market cap blockchain-powered games like Axie Infinity, which has the native AXS coin, command a big fan following, new mid cap cryptos with blockchain gaming underpinnings are also on the radar of investors.
Almost every blockchain gaming project has non-fungible token (NFT) features, for example, the parcels of land in Decentraland’s fictional world are NFTs. The latest sensation in this category is My Neighbor Alice, which has the ALICE token.
What is the My Neighbor Alice blockchain-based game?
Based on the widely popular farming premise, the game allows users to build their farms and eventually earn revenue out of it. Like Decentraland, virtual land is up for sale in My Neighbor Alice.
The game claims it drew inspiration from the Animal Crossing game. My Neighbor Alice combines traditional gaming with the emerging NFT space.
Inside the game, a player can have an Avatar, which can be personalized. Besides, digital assets like animals and even cosmetics can be acquired by a user. Users can build on their purchased land, which remains a key attraction for regular gamers that may not be attracted to digital assets and NFTs.
Also read: What are CryptoPunk NFTs & which ones sold for the highest prices?
ALICE crypto
ALICE serves as the native token of My Neighbor Alice, just like AXS is to Axie Infinity. The ALICE token can be used to purchase digital assets of the game. Besides, the project claims ALICE can be staked and collateralized.
ALICE crypto price
A relatively newer ERC-20 token, ALICE had a market cap of over US$195 million as of writing. It is trading at nearly US$6.5 per token. Over the past 24 hours, the trading volume has gone up by over 150 per cent.
Also read: What is Bombcrypto & its BCOIN gaming token’s price prediction?
ALICE crypto price prediction
ALICE has manifested the same trend as most other cryptocurrencies in 2022 so far. It started the year with the price tag of nearly US$13, but by January end, the price plunged below US$6.
A limited bull run in February took the price to nearly US$9.8, but a slew of factors, including the wider bearish phase in all cryptos, seem to have caused a decline. At one time in November 2021, the ALICE crypto reached US$28.
By the end of 2022, if blockchain games maintain their edge in the cryptocurrency universe, and if My Neighbor Alice’s farming theme can attract more gamers, the ALICE crypto may rise to US$20. Russia’s declaration of war on Ukraine and rate hikes by central banks may keep ALICE and most other cryptos from shining bright in the near term.
Also read: Axie Infinity: What is AXS metaverse crypto’s price prediction?
Data provided by CoinMarketCap.com
Also read: Bitcoin price prediction 2025: Can Web 3.0 catapult BTC to $300,000?
Bottom line
Gaming and blockchain have become a hot combination, but not every blockchain-powered game may draw the interest of investors. My Neighbor Alice (ALICE) is not a top 100 cryptocurrency, according to CoinMarketCap. Even high cap gaming tokens like Decentraland (MANA) and Axie Infinity (AXS) have lost value this year. By this measure, only wider adoption of the My Neighbor Alice game may create demand for the ALICE token, which may result in price appreciation.
