Inspired by games like Animal Crossing, My Neighbor Alice is a multiplayer builder game built on the Chromia blockchain platform. Players can buy and own virtual islands, interact with other users, and collect and build exciting items. Each player has an avatar and can buy virtual plots of land which take the form of non-fungible tokens. These NFTs can then be decorated with in-game items such as houses, animals, and plants, which can be traded on Alice’s marketplace.

The ALICE token is the main currency of the game and can be used to buy land and NFTs, as well as for specific decentralized finance uses such as collateralization and staking. Though a relatively new token, the price of ALICE has already seen significant change and if you want to know why then you’re in the right place. We’ve compiled everything you need to know in order to get a better understanding of My Neighbor Alice price – along with the factors which influence it.

My Neighbor Alice Price History

ALICE hit the market in the middle of March 2021, trading at about $17, and immediately surged to its all-time high of $60.58 on March 15, when it had a market cap of more than $500 million. This was short-lived, however, and prices had fallen back to below $21 by the end of the day.

ALICE continued to fall for the next ten days, until hitting a low of $10.44. Prices improved somewhat in the last week of the month, and by the end of March, ALICE was trading at $14.61. April proved to be mostly bearish, with ALICE dipping below $6 at one point.

The end of the month brought a short rally and ALICE reached a peak of almost $20 at the start of May. The trend reversed at that point, however, and prices mostly declined for the next three weeks, including a crash of over 50% during a single day.

This bearish momentum brought ALICE to a low of $3.76 before a short rally saw prices more than double during the final week of May. Much of these gains were lost over the next fortnight though, and ALICE price dipped back below $5 in the second week of June.

Analyzing My Neighbor Alice Price History

 [guidelink alice] price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With ALICE, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell ALICE tokens on exchanges. This was especially true on March 15, 2021, when ALICE was listed on Binance and experienced a huge spike in trading volume. Listings on large exchanges like Binance make a cryptocurrency more accessible to a large number of investors, and this likely contributed to ALICE surging to its all-time high that day.

Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. The project raised its target of $2.2 million through a token sale and has a range of well-known investors and partners, including NGC, The Sandbox, Genesis Block, Maker, and Ankr. This could be a good sign for the fundamental My Neighbor Alice value.

Broader market trends have also played a role in the price history of ALICE. Although ALICE joined the market too late to experience the collective positive momentum that buoyed the prices of most coins during the first quarter of 2021, it did experience rallies in the final weeks of March and April. Bitcoin, along with many other coins, also had surges during these periods, and with such strong market dominance, any significant price movement for Bitcoin tends to impact the price of other coins.

ALICE’s sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.

The overall price trend of ALICE tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of My Neighbor Alice (ALICE)

A variety of different things can affect the price of ALICE, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.

ALICE has a capped max supply of 100 million tokens, which are due to be released gradually until early 2025, when all tokens will be in the circulating supply. This makes ALICE a scarce asset, like Bitcoin, and so potentially a good store of value in the long term. After 2025, no new tokens will be minted, meaning any increase in demand for ALICE will drive up its price.

Demand for ALICE is mostly driven by its utility within the game. Players can use the token to purchase land, in-game assets, and cosmetics for their avatar on Alice’s marketplace. ALICE holders can also participate in the decentralized governance process to have a say in game development and the use of platform revenues. Users who stake ALICE tokens earn rewards, which could encourage more people to buy and hold ALICE.

This demand will likely increase with the number of My Neighbor Alice players. The team plans to expand the game to non-English-speaking markets and launch a mobile companion app and gamer engagement programs. These growth strategies, along with the game’s upcoming release on Steam and partnership with The Sandbox, could drive adoption of the multiplayer builder game and therefore boost the price of ALICE.

Live My Neighbor Alice Value and Market Cap

The current price of ALICE varies from moment to moment as it’s dictated by the balance of buy and sell activity on exchanges, which is in constant flux. 

Given its volatility, ALICE can experience a large price change in a very short space of time. The market cap of My Neighbor Alice is equal to the price of ALICE multiplied by the number of ALICE in the circulating supply.

My Neighbor Alice Price FAQ

How is the price of ALICE calculated?

ALICE’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying ALICE than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of ALICE different on each cryptocurrency exchange?

ALICE’s price is based purely on trading as there is no standard global My Neighbor Alice price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will ALICE be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of ALICE. However, if the game’s release on Steam onboards a lot of new players, this could cause the price of ALICE to rise.

Conclusion

Despite being a relatively new addition to the crypto market, the price of ALICE has already seen significant change, going from highs of more than $60 to lows of under $4. Its journey hasn’t been a smooth one, however, as ALICE’s volatility has led to surges and crashes along the way.

Many different factors have played a role in determining the price of ALICE, including the token’s utility within the gameplay experience, the number of My Neighbor Alice players, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of My Neighbor Alice and cryptocurrencies!