ALICE coin price prediction: Can it farm success?

My Neighbor Alice will be looking to reap profits as it prepares to launch the alpha version

The My Neighbor Alice logo on a phone                                 
Investors can buy islands in the My Neighbor Alice world and customise them using NFTs – Photo: Shutterstock
                                

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Farming has played an essential role in the gaming industry, whether that is Animal Crossing, Stardew Valley, or Harvest Moon. My Neighbor Alice is combining crypto features to bring this genre into the Web 3.0 generation.

As the team gears up to launch the game’s alpha version, the ALICE token could be instore for another breakout and forecasters appear to be optimistic.

What is My Neighbor Alice?

Whether you’re looking for a casual farming experience or to dive headfirst into DeFi, My Neighbor Alice is building a crypto game for all types of players. Much like Animal Crossing: New Horizons, the farming-themed game allows people to own a virtual island, collect items and socialise with real people.

The one key difference between My Neighbor Alice and other farming games is its blockchain implementation. Land and all other items are represented through NFTs. Meanwhile, players can utilise its native token to make a profit.

But its CoinMarketCap page noted: “My Neighbor Alice aims to introduce blockchain to millions of players and targets a diverse gaming community within the traditional gaming market. Although the game is blockchain-based and integrates DeFi features, it does not require prior knowledge of cryptocurrency and blockchain.”

The farming experience was created by the Swedish mobile gaming studio Antler Interactive. Previously, the studio has worked on virtual reality titles such as Krystal Kart AR and SVRVIVE: The Deus Helix. Antler Interactive was then acquired by the blockchain development company ChromaWay in 2019.

Lenny Pettersson is the chief executive at Antler Interactive and My Neighbor Alice. He was previously the senior marketing and communication manager at the Nordic and Baltic branch of Turner Broadcasting System, which was later acquired by WarnerMedia.

The ALICE coin

Powering this charming farming experience is the ALICE token, the native cryptocurrency utilised in game. Token holders are able to play, invest in items and become part of the game.

Used as a payment method, investors can purchase in-game assets like items to decorate their island or even cosmetics for their avatar. Players can earn ALICE by taking part in events, quests and competitions.

The My Neighbor Alice platform has a staking system built in for holders to continue earning more. This was designed to encourage long-term holders of the cryptocurrency.

Its website stated another use for the coin: “Token holders could participate in the decentralized governance process that decides on the use of revenues, game development and growth.”

Despite the fact ALICE is teeming with utility, it has so far had a bumpy price history.

ALICE’s past performance  

The ALICE token launched at $16.66 on 15 March 2021 and immediately skyrocketed to its all-time high of $42.55 the same day. It then closed at the $20 mark and was fluctuating around $16 for the rest of the month.

Its next major surge came in May as investors could stake their tokens and purchase land in the game. Despite a slight postponement to the sale date, Alice climbed to $19.17 on 2 May. However, afterwards the price eventually plummeted below the $5 mark.

ALICE saw resurgence in late August after the cryptocurrency was listed on the FTX exchange. To mark the occasion, My Neighbor Alice held a giveaway with 20 in-game NFT t-shirts up for grabs. The token climbed to a high of $23.72 on 28 August.

It managed to rally even higher in November along with the wider hype around metaverses and crypto games. The breakout also followed the Binance exchange running a trading competition with metaverse coins, including ALICE. On 25 November, the ALICE coin price hit $28.67.

But ALICE soon proved vulnerable to the bearish trend. It had fallen to the $12 mark by the end of the year and fluctuated around the $6 level in the first quarter of 2022. However, the crypto crash saw its downfall accelerate. It dived to its all-time low of $1.85 on 15 June 2022.

My Neighbor Alice could be about to turn this trend around. The alpha version of its game is launching on 30 June. Land owners will be able to experience and test out the farming game for four weeks. The most notable changes in this update are to the graphics in attempt to build an endearing, casual gaming experience.

At the time of writing, on 29 June, ALICE is trading at $2.72 and is up 23% in a recent seven-day period. Could the new alpha version spell a breakout for the My Neighbor Alice token?

ALICE price prediction

While analysis on an ALICE coin price prediction differs, there is a consensus it will rally again. TechNewsLeader suggests the gaming token could hit $5.52 in a year and $17.10 in five years’ time. Its ALICE price prediction for 2030 thinks it can rocket to $76.98.

PricePrediction is along the similar lines with its forecast. While the site thinks it will average out at $2.81 this year, its ALICE price prediction for 2025 expects the token to hit $8.62. This value is thought to jump to $54.22 in 2030.

Meanwhile, DigitalCoinPrice anticipates a much more gradual climb for the farming cryptocurrency. Its My Neighbor Alice price prediction says it will only surpass $10 again in 2029 and reach $12.55 in 2030.

Gov.Capital’s ALICE coin price prediction for 2022 expects a few more surges this year. The cryptocurrency is suggested to come close to $20 in August, but eventually stoop below $10 at the end of the year. But most pessimistic of all, the site forecasts ALICE to become worthless in 2023.

FAQs

My Neighbor Alice is a farming crypto game where players can own a virtual island and earn the native ALICE token. Users can also customise their avatar and island by purchasing items with the currency.

Most forecasters think the cryptocurrency will continue to see surges, especially with the alpha version launching on 30 June. TechNewsLeader thinks it can go as far as $76 in 2030. However, ALICE has proved to be very volatile, so you should never invest more than you can afford to lose.

There is a circulating supply of 30.6m ALICE, out of a maximum 100m ALICE.

ALICE is teeming with utility. It can be used as an in-game payment source, a staking token, and even a governance cryptocurrency. But its value has been depreciating, along with the crypto crash. So you should always carry out thorough due diligence before investing.

Further reading

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