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What is My Neighbor Alice and is it a Good Investment?



My Neighbor Alice (ALICE) price soared on Tuesday after general interest in metaverse coins rose. The ALICE token grew by more than 23% and reached its highest level since August of this year. The price is more than 170% above the low in September.

What is My Neighbor Alice?

My Neighbor Alice is a blockchain project set in the Metaverse industry. A closer look reveals that it bears some resemblance to other Metaverse coins like Decentraland and The Sandbox.

The platform enables people to buy and own virtual islands, make new friends and collect items in the form of non-fungible tokens (NFT). The game was developed by Antler Interactive. This company has already been responsible for several other games.

My Neighbor Alice users must first purchase a piece of land called a parcel. After that, they can make some tweaks to make it as attractive as possible. To do this, they use vegetation and other assets in the game. In-game shopping is done with ALICE - the native token for the ecosystem.

The game has attracted millions of users from all over the world. And it will continue to grow, especially after developers announced a new $ 80 million grant program. This grant is made available to developers who develop add-ons and utilities for the game.

Like other Metaverse Coins, the price of My Neighbor Alice has seen a strong upward trend recently. That growth accelerated after Facebook announced big plans for its role in the Metaverse industry. According to CoinGecko, the market capitalization of the ALICE token has risen to over $ 400 million afterwards.

ALICE Re-forecast

In the four-hour chart you can see that the ALICE price has been in a strong upward trend in the past few weeks. The coin managed to break key resistance at $ 23.84 on Tuesday. This value is noteworthy as it was the last all-time high in August. The coin also managed to move above the major resistance at $ 18.52. That was the highest level in October.

My Neighbor Alice's price is also above the moving averages for the past 25 and 50 days. Momentum oscillators like the Relative Strength Index (RSI) and the MACD have also risen.

Hence, there is a chance that this coin will continue to rise as the Metaverse tokens continue to do well. When it happens, the next major level will be seen at $ 30.

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