Deep Dive
1. In-Game Activity Surge (Bullish Impact)
Overview: The ongoing “Forest Wave” event (launched July 17) incentivizes gameplay through quests like exploring Lummelunda and completing missions, with 100,000 ALICE allocated to leaderboard winners (MyNeighborAlice). Over 60,000 users participated in the prior “Icy Wave” phase.
What this means: Increased player activity typically boosts demand for ALICE, used for crafting NFTs, staking, and marketplace transactions. However, the 24h trading volume fell 37.3% to $15.3M, suggesting cautious optimism rather than frenzied buying.
What to watch: Event conclusion (unannounced date) and ALICE token unlocks from rewards.
2. Strategic NFT Partnerships (Mixed Impact)
Overview: A July 17 collaboration with Pudgy Penguins brought 8,888 Pudgy Penguins NFTs and 22,000 Lil Pudgys into the game, allowing holders to “hatch eggs” and join the ecosystem (MyNeighborAlice).
What this means: Cross-ecosystem NFT integrations could attract new users, but dilution risk exists if token rewards outpace organic demand. ALICE’s circulating supply is maxed at 99.8M, limiting inflationary pressure.
3. Technical Support Holds (Neutral)
Overview: ALICE is hovering above its pivot point ($0.306), with RSI-14 at 35.7 (neutral, not oversold). However, MACD remains bearish (-0.00656), and the price sits 23.5% below the 30-day SMA ($0.357).
What this means: Short-term buying at support levels may explain the bounce, but sustained recovery needs stronger fundamentals. A close below $0.30 could trigger another leg down toward the 2025 low of $0.291.
Conclusion
ALICE’s 24h gain reflects event-driven engagement and technical buying, but macro bearish trends (down 74% YoY) and low staking yields (0.9% APY on Bitvavo) limit upside. Key watch: Whether the Chromia partnership’s zero-gas fee model (live since August 6) boosts user retention post-events.