Why Is MyNeighborAlice (ALICE) Crypto Price Pumping?

MyNeighborAlice (ALICE) experienced a 25% increase yesterday, followed by an additional 15% gain today. An announcement made yesterday about the launch of Chromia’s MVP mainnet is the main trigger of the price surge. 

The official MyNeighborAlice X account (@MyNeighborAlice) revealed this achievement and its importance for the project’s future.

Two months ago, MyNeighborAlice initiated its “Road to Decentralization” by launching the Beta Season. This move was the first step in the project’s journey toward full decentralization. It focuses on two main pillars: community and self-expression. This strategic direction appears to have resonated well with the community and investors.

Empowering players with new tools

The project is now poised to introduce a range of new tools and features that align with their motto, “Power to the Players.” These upcoming additions include:

  1. Personalization crafting machines
  2. Dialog systems
  3. Quest tools
  4. NFT integration features

These tools aim to enhance self-expression for players within the MyNeighborAlice universe, potentially increasing user engagement and attracting new participants to the platform.

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Technical Advancements in Chromia

MyNeighborAlice is set to benefit from several technical improvements within the Chromia ecosystem:

  1. FT3 (Chromia’s equivalent of ERC20) has been tested and is ready for deployment.
  2. An improved version called FT4 is in development.
  3. “Originals” (Chromia’s NFTs) are nearing completion after undergoing some changes.
  4. A bridge has been launched, enabling teams to develop on top of the Chromia ecosystem.

While these features are currently in the testing phase and won’t be immediately integrated into MyNeighborAlice, their impending arrival has likely contributed to the positive market sentiment.

ALICE Price Analysis

The price of Alice is now breaking above a resistance level at around $1.4, and a successful break above it could see it spike more. 

However, the RSI is at 70, which is an oversold area, and this suggests there may be a retracement before a continued price increase.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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