The blockchain technology possess the potential to alter the landscape of various industries. In the recent bull run, gaming tokens saw unprecedented growth in the market. Blockchain-based games are believed to be the future of the gaming industry. They present an interesting alternative to the existing games as apart from having players employ strategic and analytical skills, they also give players an opportunity to earn while playing. In the bull run of 2021, gaming tokens experienced a surge in particular. In fact, gaming tokens have also exploded at a time where altcoins were bearish. Today, we will take a deep dive into My Neighbor Alice – which is one of the most popular gaming tokens in the market.
What is My Neighbor Alice?
My Neighbor Alice is a game based on the blockchain of Ethereum. It is a multiplayer game which allows players to interact and communicate with each other. The game has a native ERC-20 token, ALICE, responsible for transactionary costs. The ALICE token is used to incentivize players as staking the coin earns players rewards. The game revolves around the blockchain based world where players invest in islands and build up on the islands. It is a farm-building game. Players also get to explore digital collectables which can be sold in My Neighbor Alice’s NFT marketplace. The digital collectables can also be rented out to other players through the smart contract technology.
My Neighbor Alice is believed to also consist of aspects from decentralized finance. It also has multiple use cases which makes it even more interesting. The project has also been used to increase the adoption and acceptance of the blockchain technology.
ALICE future outlook
My Neighbor Alice token has been going downhill in the recent timeframes. At the time of writing, the cryptocurrency stands at a price level of $13.39. The decline has begun after a brief price rally of the cryptocurrency; however, it downtrend has somewhat declined in the daily timeframe as the price grows relatively stable with a decline of less than 1%.
The performance of gaming tokens like My Neighbor Alice have brought them under the spotlight which suggests them to be good investments in the long-term. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $15 in a year’s time while the five-year projection places it at $21. Digital Coin Price suggest a year-ending price of $19.
