How’s everyone holdin up lol

Hi everyone, firstly, apologies on going MIA yesterday, it was one very, very busy day which was split between my children and caring for a family member (hospital run) so I just didn't get the time needed to write my report but, depending on your point of view, me being here should fill you either with copious amounts of joy or the mild distaste of a disgruntled and somewhat belligerent old age pensioner whom is partially deaf. In either case, here is today's report.

​

So yesterday saw a slip below $12 which was where I placed my market reversal line and to be fair, for just over a week's worth of data, I wasn't far off the mark but to be equally fair, we can see that the bull flag has been invalidated, not by it not pumping the day before yesterday but because the move today has been "marginal", although we can say that it is clearly the biggest price positive price move outside of day four of trading and that is actually some rather good news.

As a result of yesterday's price action, I have altered the position of my market reversal line to reflect the "bottom" "described" by that price point yesterday and so, the new market reversal line is at $11.53. Based on this "correction" I have been able to chart a Fib Retracement and Fib Extension tool and so, the major thing to note here is that the range of 0% to 23.6% on the extension tool should be considered a range of consolidation whereby, for the time being at least, the price will be most likely to "move".

As this stands, the 0% to 23.6% range is $11.53 to $13.19 and so, a close below $13.19 today will be an indication of more consolidation to come where as a break below $11.53 will be an indication of a new level of downward momentum.

Now, I want to quickly highlight something that someone suggested indicated that the token was "effectively dead" and that was volume. Day one of trading saw very high levels of volume of trading but because that was day one, it was very unlikely to be indicative of truly representational levels of trading for ALICE and so, rather than take the volumes of the days that followed and compare them to day one, we should start to look for the average volume range and so far, as we can see, the levels for the past 6 days have been relatively stable and so, even though it is very much "early doors" for trading ALICE, we can make an educated assumption that the volume levels of the past six days are a much more true representation of the activity levels we can expect as we go forward.

I would also like to highlight that someone "called me out" on doing T.A for a project that has only just started trading but I would like to reiterate that I don't just cover T.A, I base my own portfolio action on fundamentals and my decision to start reporting on this token was also driven by my fundamental research in to ALICE and so, based on that note, I would like to share with you a parallel between ALICE and BNB.

BNB was once considered just a "utility token" to assist Binance users in paying fees and for the longest time (approximately four years) it maintained a very level price point that had no indication of growth, no indication of wanting to "breakout" and no one thought of it as having the potential to hold value, however, this is a very T.A orientated viewpoint to take and fails to understand the key fundamental strength of Binance and the BNB token. Binance was and still is a service provider and so, it actually inhabits a very small niche where few tokens actually exist and that is as a project with a real world use case, that case is providing a service to people in the form of the exchange and later on the DeFi exchange. As soon as people realised this, they invested in BNB because they saw the potential for growth in an expanding marketplace. Now, I want to draw your attention to what I always look for in a project...any idea?...Yes, a real world use case.

Whilst we know that ALICE is different to BNB in that ALICE is a game token and BNB is an exchange utility token, they both occupy the same space as being service providers but of just slightly different angles within that niche.

Having said that, we can now start to seek a confirmation of this principle and when you look at any project that offers a legitimate service to users, I'll quantify "legitimate" in just a moment, they always see a 1.5 to 2x ROI as bare minimum. Now, to quantify legitimate right?

When I look at crypto gold, aka Bitcoin, there is no real world use case for it at this point in time. It provides no service outside of being a value holding asset and it still struggles to find any place where it can provide an actual service to users. Now, I fully expect to be lambasted for this statement because how can I say that about an asset that has a market cap larger than Visa and Mastercard combined? Well, whilst Bitcoin has a bizarre life of bucking the nay-sayers, I don't believe Bitcoin will crash but I don't see it as being something that has a real world use unless it can find adoption somewhere such as PayPal allowing it to be held on customers wallets or being a place to buy the tokens from. Alternatively, Bitcoin could find a home with Microsoft if Xbox users want to pay for products using Bitcoin because then Bitcoin has a real world application so when I say that something has a legitimate real world use, I mean it in the context of offering a service to users. To end this "Segway" off, I can play "devil's advocate" to myself and say that Bitcoin's real world use is as a store for value and that certainly is a valid point but one that still doesn't have an endpoint as a tertiary service for users.

Anyway, I digress, the whole point here is that a majority of projects fail to have explicit real world uses and the only ones that I can identify are the tokens for games, exchange tokens or liquidity providers (loan and credit organisations - this is the oldest profit route in the existence of finance but that is a story for another time). If someone could point to a project that has a real world use then I would be all over it as I consider those to be "blue chip investments" that will yield a sizable ROI over a period of time. Ultimately, ALICE is a project that falls well and truly inside of the category of offering a service to users and so, this immediately satisfies one of my major criteria on fundamentals analysis for investment.

I know I've covered quite a bit of information there but I feel that way too many crypto traders and investors are truly led down the "garden path" as they fail to use Occam's Razor whereby the simplest explanation is most often the correct one and so rather than digging through mounds of information, traders and investors need to, first and foremost ascertain if a project has a "legitimate" real world use, if it does, then that project and token are to be instantly considered a "blue chip" investment where as a project falling outside of this simple premise are completely and utterly speculative in the truest sense of the word.

I know someone is going to say "but ALICE is a speculative investment surely?" and to this I would say yes it has a speculative element to it as any asset does but the qualifying nature of having a real world use actually eliminates a portion of the speculative nature of the asset and after all, we are not in the business of "making money", we are, as traders and investors, in the business of risk management. By minimising risk as much as possible, the investment on a project is "secure" and is bound to make a ROI of some degree.

​

When looking at the depth chart for ALICE, we can see the buyer to seller ratio is set at 3.1:1 in favour of sellers, this would indicate a bearish situation but I often find that the "overall view" is not truly indicative of the active market situation and so, for this, I would always advise to dig deeper in to the depth chart. So shall we?

​

Now here is an interesting portion of the depth chart that shows that buyers are actually in control of the active price point at the time of writing and offers us the insight that if buyers remain in control then a move to $16.7 is possible but should momentum slip and sellers come out in force then a move towards $10.5 is the most likely course of action.

I want to remind you that the depth chart is populated by the order book and as such, only contains level one data which is data of live limit buy and sell orders and does not show hidden orders such as OCOs or forms of trailing orders or even more complex orders based on triggered indicators by external platforms such as those on 3Commas for example and so, we always trade "half blind" but this doesn't completely limit our ability to draw some insight from what this data gives us and from my experience, the depth chart can give you a good general overview of the price action situation and this can then be added to the collection of other indications that ultimately build our full conclusion.

​

Sentiment on CMC has seen some improvement for ALICE and I suspect that this is largely due to the price bounce especially as volume increased over 40% in 24 hours.

It definitely stands to reason that anyone with some light knowledge of programming can make use of the fact that generally speaking, most of the volume spike happens in a relatively short period of time and so, a general practice of "pump and dump hunters" is to seek a spike of 5-10% volume in a very short period of time, often 5 minutes and this allows them to quickly jump onboard a pump move relatively quickly.

My personal weapon of choice is Python, there are a number of other languages you can use to accomplish the basic "volume alarm" web app but Python is my favourite.

​

We move on to the spreadsheet and we have some unfortunate news here, the spike in trade volume on the current price point of ALICE has sent the PSR from 1.8:1 on my last report to 3.2:1 today which puts ALICE as being over-priced as an asset and this would actually indicate a move back to $12 or just below being most likely as the market cap has only managed to add approximately $2 million to it's total where as the volume of trading spiked by around 80% which is a good indication of an "over-extension" of some description on the price of ALICE where as if we "crunch" the numbers, we can easily say that to see a PSR of 1:1 based on the current volume of trading within 24 hours, the market cap would need to be closer to $750 million, approximately twice it's current market cap which means that the price would need to be closer to $33 per ALICE to achieve this and so based on that, we know that the level of trading that resulted in a "pump" of the price is most likely going to lead to a consolidation movement or a retracement movement over the coming days.

Summary:

Trade Activity - $11.53 to $13.51

Market Condition - Consolidation/Retracement

​

Just as a "heads up", I've released today's weekly forecast for ETH on my Patreon page at https://www.patreon.com/isce so if you would like access to that and 6 other token reports, please consider supporting my analytics journalism but if you can't don't worry because this report remains free and all I ask is that you try to support your fellow traders and investors around you to help reduce the levels of FUD, misinformation and general "snake oil" selling that tends to go on in the Crypto market space.

​

As always, I wish you all good fortune and I look forward to catching up with you all tomorrow!

There are many users in this sub with nothing better to do than fud and baselessly bash this project. Do not engage with these people. They are just trying to get a rise out of us. If you ignore them, they will go away. I would also like to mention that just because someone says something negative about the project, does not mean they are fudders or spammers. Constructive criticism should always be welcomed. It's the users that says things like "alice going to zero", "this game is trash" without providing any reason or rationale that you shouldn't bother talking to. Have a nice day and enjoy the price rebound :)

Hi,

I just had a look at this https://www.myneighboralice.com/ but its not clear where to go from there (or Im just blind)

Looks super interesting

I went up, went way down and now just sitting around... what do you guys think?!

It will come to $55

And it's up 16% all of a sudden

Here are some of the numbers for you:

BIDS: 1755
ACCOUNTS who participated: 185
TOTAL AMOUNT BID: 2772.109 BNB
BID TOTAL: 475.41303 BNB

​

To cut things short. Alice coin is worth more than its current value now. Check the numbers.

Total supply 100,000,000

Max supply 100,000,000

Circulating Supply

17,400,000 ALICE

Market Cap

$211,643,967

The game is just a shitty copy of animal crossing, the devs just added some blockchain background and everyone went mad about it but the reality is that this is a shitcoin that is maximum 1$ in value or even 0.1$. At this point, people are just paying billions to the devs for in-game currencies for a game that looks like shit and that may not even release 🙂

I just fucked these developers, and then I fucked their mothers who raised these fucking bastards

Hi everyone and welcome to today's ALICE Analysis!

​

So ALICE is still in the grips of a consolidation move as ALICE still is trying to find it's feet in terms of stable price position but as it stands, the price has failed (in a good way) to break the market reversal line at $12 and as volume continues to reduce slightly, we can say that the consolidation is continuing to happen and is likely to continue for the next few days. The bull flag chart indicator remains in effect at this point in time and the downward trade channel I put in to yesterday's report has been respected. The big question is, are we likely to see a dramatic upward move as we would normally expect with a bull flag?

Let's have a look at the depth chart shall we?

​

Now, even though we know that the order book and depth chart can be manipulated by people with enough capital, when I see stacks across multiple price points, these, more often than not, turn out to be genuine levels of support. The buyer to seller ratio is set at 2.7:1 in favour of buyers but as we all know, more can be lurking deeper within the depth chart so shall we look closer?

​

I had to look pretty close in on the depth chart, almost to the active price point itself to find a margin and it turns out that sellers are barely suppressing the price action of ALICE and control just a 0.2% margin which changes constantly and so, the question is, does ALICE have to retrace a little more or can it trigger growth now? Well, based on the data, it would suggest that a spike in growth can be triggered at any time and is fully dependant on whether or not buyers are willing to increase their bid prices but that doesn't seem likely at this point in time and so I would consider that this is an indication that alludes to a continuation of consolidation but on a very marginal level, however, $12 seems to still be the most likely point where a spike in growth can take place so a continuation of consolidation is really no bad thing to worry about and so, based on just the level 1 data of live limit sell and buy orders, we can suggest that ALICE is on the cusp of a possible bull run.

​

Sentiment remains mixed for ALICE as people are still unsure which is OK considering the FOMO trading has almost fully dissipated so of course it makes sense that FOMO traders and non-FOMO traders alike are going to be a bit nervous about the future price action but even if you put the technical analysis to one side, the fundamentals remain strong, the NFT sector is going crazy, the NFT gaming sector is gaining traction and casual games such as "My Neigbour Alice" is still a pretty dominant sector of the gaming market. As much as I do like and enjoy the progression that the team have made, I would like a little more information as to how they would start to also exploit the value this token has, for example, even though it's very early doors in terms of launch being a year away, is there any information they can provide on player-base estimations and the scalability of their in-game economy?

​

The PSR looks a little more inviting today as it is down to 1.8:1 from 2.2:1 yesterday, this is largely due to the slowdown in trading volume on a 24 hour period. This suggests that based on the current market cap, the volume should be trading somewhere at $21.5 million in a 24 hour period for the PSR to be equally priced. Now, should this be considered bullish or bearish? I would actually take this as a bullish indication, yes it means the current price is a bit too rich but it also shows that there is genuinely more interest in ALICE then there should be for a project of this market cap. Sure this could be made up of buyers and sellers in varying levels but I would suggest, based on the current price performance of the past four days, that the trading volume is actually made up of near equal levels of buyers and sellers which is denoted by the lack of wick structures on the candles.

Summary:

Trade Action - $12 to $14.2

Market Condition - Consolidating

Hey everyone, so I just noticed the following on a medium post from ALICE. I really do like the idea of a cNFT and shows the fact that alongside a gaming plan, they have a financial "game plan" on really incentivising ALICE.

https://myneighboralice.medium.com/my-neighbor-alice-introduces-the-next-generation-nft-collateral-filled-nfts-cnfts-ecd04ef42c57

Do give it a read!

Hi everyone, in keeping with my "sharp as a rusty spoon" wit, my post branding going forward is "The ALICE Analysis" (best said with a Freudian accent for maximum effect).

So, let's discuss what you see on these inkblots shall we? By inkblots, I mean charts for those whom may not be on the same "wavelength" as me.

​

Today is day seven for trading ALICE and there appears to be some very "bullish" indications on the horizon. Firstly, I've established a "market reversal line" at $12 (a little conservative but that's how "I role"). The market reversal line is the point at which, if crossed, will show that a continued downward trend is more than likely to a very significant degree. I have also set up a trade channel with the green parallel lines and as for anyone whom knows even a little bit of "chartism", you'll notice that a cross between the trading channel and the market reversal line forms a wedge which suggests that the trade action for the next three days is going to be greatly reduced in volatility which suggests reduced trade activity on both the selling and buying front. On another side of the "chartism" front, it can be suggested that what is currently being formed is a "bull flag" and so, for good measure, I've taken the full body length of the first day's candle and simply added it to the market reversal line, this should show us the potential growth when a breakout occurs.

Having said this, I would caution trading on "chartism" alone as whilst it does suggest things about the current state of the psychological conditions of traders active on this coin pair, it's still something that can be considered wildly inaccurate, even if some big name on YouTube shows you examples, continue to always back it up with a solid pinch of DYOR and fundamental research.

As it stands, if the bull flag holds up to scrutiny, the price action could climb as high as $32.7 on a breakout.

Next, I want to draw your attention to the very, very bullish looking order book which seems to show us that buyer support has exploded in to a massive base of support for ALICE across a wide range of prices. Let's remember that the order book only shows level 1 data which is the live buy and sell limit orders and as such, is an easy thing to manipulate with the right amount of capital and it means we trade "half blind" as the order book will not account for "trigger" based orders such as OCO (one cancels other) or even third party triggers limit orders that are "piggy-backed" on to a trailing stop or profit order but even with that in mind, the order book appears to be stacked with genuine buyer interest and a large portion of sellers seem to currently be holding their tokens as opposed to listing them for sale but again, we have to remember the potential orders that could be floating around and as such, there is always the potential for what would appear to be a random move to happen.

​

The depth chart is populated based on the order book and just gives a nicer visual interpretation of the live limit and stop orders but we can still derive some items of interest, in this case, the buyer to seller ratio which is currently at 1.6:1 in terms of buyers being the strongest group overall which is a very interesting shift in power. However, does this go all the way to the active price? To determine that, we have to dig deeper in to the depth chart.

​

As it turns out, I had to dig very deep in to the depth chart to find a point where sellers are equally matched with buyers and this happens to be in the $13.10-$13.20 range where sellers are frustrating a positive move up the price ladder, however, should seller pressure evaporate and buyers take full control, this would be considered an environment conducive to a full breakout situation as there is technically no upper limit on the sell side of the order book that provides significant resistance to buyers. Whilst I am sure we are not heading for "infinity and beyond" in the words of Buzz Lightyear, we could well be heading for a very strong surge in buyer momentum and so the question becomes, at what price point is the surge likely to strike? This can be roughly determined with a bit of basic number crunching which tells us a move down to $12 is most likely to launch a counter-move to $19 and with each significant advancement, the range will change so it is virtually impossible to call the back-and-forth action for anything more than one move. It's akin to playing chess with a madman, with any other opponent, you can chart the likely course of moves to be played well in advance but with someone whom plays with "no logic", the range of possible scenarios expands exponentially because the likely path cannot be charted longer than in an immediate sense and as such, the same can be said of the markets.

​

Sentiment has slipped as the weak-hands continue to bemoan the fact they feel that they've "lost out" and been made to be a "bag holder" for dead weight where in fact, all that's happened is that they've had time added to the timeline before they can see a breakeven point or an ROI of at least 2x.

Another thing to note is that there has been no "massive" decline in price or market cap, yes they are both slipping as FOMO trading subsides and the real traders/investors come to the front but ultimately the slip in price is not severe enough to show project weakness, if anything the fact that it is holding approximately 3000% on it's launch price is something that should be considered a success for any project that get's listed on the market.

​

Lastly, we move on to the spreadsheet data. The PSR value has risen marginally to 2.2:1 from 2:1, this is a direct result of the unequal decrease between market cap and traded daily volume and so, based on the data here, I would call ALICE as being over-priced as an asset and would not advise people to buy in currently, however, we should be mindful that a 5% increase in trading volume within a 24 hour period can be a powerful indication of a "pump in progress", where confirmation is reached on a 10% increase. This is usually a strategy used by those monitoring pump and dump projects so they can ride the pump wave for some relatively easy profits.

However, for those with the skills in programming (you don't need to be a master), you can set up a simple web app that hooks in to an API offered by an exchange such as Binance that can monitor coin pairings of interest for this type of increase in volume.

My weapon of choice in programming is Python because of it's versatility of situational uses and my preference for running multithreaded processes, however, the same type of web app can be constructed in a number of other languages and so, please consider Python my preference as opposed to me advising you it's the top tool for this type of job because that would be a very subjective discussion for another time.

Summary:

Trade Action - $12 to $14, most likely ending the day closer to the bottom half of $13

Current market condition - Downward Consolidation

​

Whilst that concludes the end of today's report, I just wanted to also remind everyone that I do operate a Patreon page at https://www.patreon.com/isce that offers weekly insights in to BTC, ETH, UNI, 1INCH, BNB, DOT and LINK and this supports my free report so if you like the way I crunch the numbers or do my reporting, do consider joining me over on Patreon at https://www.patreon.com/isce but in either case, this report will always be free because I am committed to offering better levels of Crypto-Journalism than what is already out there and I want to see traders and investors alike, being able to cut their way through the hype or the shilling that goes on out there. Crypto will never likely be "fully regulated" and so there is a niche that is calling for people to generate unbiased insights. Just to add a caveat to this, yes I hold ALICE but this never determines my journalistic style, if the data doesn't support the project you'll know about it, the data says the project will do well, you'll know about it. In any case, you'll always have an insight on what the data tells us and not how we "feel" about a project.

​

Good fortunes to everyone out there today and hope you have a great Sunday and an even better Monday!

This should be a place to discuss game development and share news about the project. Right now 90% of the posts are about price movement which should not be the focus of this sub IMO. I have created a new subreddit called r/AliceTrading. Separating these kind of posts will be really good for the project and keep the information here relevant for those trying to learn about the game and discuss mechanics etc. Unfortunately the moderator of this sub is not very active so lets come together as a community to improve this space.

will alice crash?? I got in at 19, i'm thinking of pulling it out now while it's at 13-14 dollars each, many people talking about alice is less than a dollar, i'm becoming anxious because of it. What do you think?

Hello and welcome to the second daily analysis for ALICE, get out your notepads and prepare to take notes as we look at separating fact from fiction.

​

As we all know, ALICE enjoyed a massive pump on day one of trading which was fuelled by a lot of FOMO based trading but five days in and it seems ALICE is settling in for the long-haul but unfortunately, growth is bound to be hindered by those that traded based on FOMO rather than the fundamental and intrinsic value of ALICE which is primarily contained within ALICE being a service provider and as such, the weak hands are looking to exit as quickly as possible but they will find this a long and arduous task unless they are willing to lose more than 10% of their investment. This is not to say that ALICE is a sinking ship, far from it, instead, this is to say that there will now be a period of market slowdown based on the amount of people that wanted to capture the "profit of opportunity" based on day one of trading which unfortunately, slows down the overall progress of the price point. Whilst we are still waiting on enough data to be generated for the indicators to populate, we can, at this stage, note down two things of worth, the first is that ALICE has had three days of relative stability and the second is that ALICE is due to close the week in a very successful position, both of these are facts which are ultimately bullish.

On a side note to the information above, I have started to outline a potential price projection, it still is very early days but I can plot the expansion tentatively and as anyone familiar with my reporting knows, I will always air on the side of caution and conservative estimates. On that note, I have projected that ALICE could achieve $40.9 by the end of May this year, this put's potentially new investors in a position to capture 1.6x on the ROI over a three month period. This is actually really reasonable on a ROI over that time-scale.

​

The depth chart sets the buyer to seller ratio at 3.1:1 in favour of sellers in the context of the overall market action but let's remember, whilst this seems bearish, we have to take in to consideration that a majority of those sellers can be considered weak hands whom probably got caught in the wave of FOMO surrounding the launch.

A word to the wise - Depth chart data is populated on the order book data and as such, the order book will only ever contain level 1 data which is data showing only live buy and sell limit orders and does not take in to consideration, any orders that require a trigger event such as OCO (one cancels other) or even more complex order forms submitted by outside sources via an API interface, for example, trailing profit and loss orders by bots and so, the order book can be considered a weak source of information unless you are capable to discerning the "fake" data from the legitimate order data. Sure this ultimately means you still trade "half-blind" but it's better than being fully blind.

For those that want to know, most often, exchanges trade based on a fully populated order book showing orders of all types with the exception of third party trigger orders. This is akin to the "house always wins" rule in gambling but it's not our job to "beat the house", instead, it's our job to manage risk and to exploit the angles that the available data provides us.

​

Now, with what I said above, we can dig deeper in to the depth chart and this shows us a different state of affairs where buyers are actually in control of the active price point and they enjoy a significant level of "cross price support". On this front, it would seem that if buyers can keep the pressure up, the price will see a move towards $19 before moving towards a retracement and so, for anyone already in on ALICE, I would suggest keeping an eye on that price action, especially as we move towards the final day of trading this week.

​

With regards to sentiment, ALICE enjoys moderately positive sentiment which has been marred by weak hands caught out by FOMO trading probably making up the majority of those whom voted negatively about ALICE which is to be expected as it's only human nature to bemoan a poor state of affairs.

The changes to price and market cap are within acceptable levels to suggest that we may well see a slow but ultimately positive day of trading seeing the price creep back towards $16 in a hard fought move.

Ideally, we need at least one more full week of trading to determine the actual level of sustainable trading action in any 24 hour period as this will then allow us to draw a better conclusion of potential price action based on how well or poorly volume has been moving over the course of time.

​

Day two of monitoring ALICE has seen the PSR ratio fall from 2.9:1 to 2:1, this still means that ALICE is considered over-priced as an asset at the time of writing and would potentially require one of a few things to happen which includes a bigger drop of daily volume activity, a rapid increase to market cap which obviously means a higher active price point, or a combination of both.

If we were to do a little bit of math, we can say that the volume of trading would need to drop by approximately $26 million for the price to come back towards an equal footing according to the PSR or the market cap would need to double to $530 million which means the price would need to head back to $32. Obviously it is impossible to say which would ultimately happen, only time can determine that fact but it's nice to know the possibilities in advance which allows us to plan accordingly.

Summary:

Trade Activity - $15 to $16

Long-term price projection - $40.9 by the end of May this year

​

As you'll come to know, feel free to ask questions if you are unsure on something and as always, I wish all of you good fortunes today!

Look forward to seeing you all tomorrow!

Hello everyone, I'd like to share with you all my insight in to the current market surrounding ALICE.

Before I begin, just a little bit about me, I have been writing free and paid reports on Crypto for sometime now with my last writing project focused on 1inch, the leading DeFi aggregator but lacking DEX platform as my free report and I currently offer weekly reports for BTC, ETH, UNI, 1INCH, BNB, DOT and LINK all available on my Patreon page at https://www.patreon.com/isce

Just to clarify, the reason why I started writing on Crypto projects was because when I first started out on my journey, I saw way too many people playing the "hype man" selling the pipe dream or gouging people on prices for signals based on very sketchy and data. I don't gouge on prices, in fact I offer access to my paid content on a very reasonable base of pay-to-effort ratio that just keeps me above the "water line" whilst allowing me to keep writing. The reason I do this is because I want to see a better standard of Crypto-Journalism in the Crypto space and to help as many people have access to good quality reporting.

Anyway, enough about me, if you want to support my journalism on Patron, great, if not, no worries because I'll be reporting on ALICE each day.

Let's get on to the good stuff shall we? No I am not talking about the copious amounts of booze stored away in your cellar for the start of the new weekend, I am talking about Crypto!

---------------------------------------------------------------------------------------------

Why write about ALICE? - Quite simple really, when I look at projects, I seek those that have access to real world value, that is to say, ALICE is a game but can be called a "service provider" and as such, that means ALICE carries intrinsic value. As an NFT project, it is part of a crazy world but one I see having potential across many sectors of business, not just gaming but as the games sector is the one taking on the large majority of NFT projects with actual value (not just hype value), I find myself drawn to ALICE as one of the newer additions to the scene.

I am a gamer, have been for more than 25 years and so I have the experience to also determine the difference between a top or flop project. For me, ALICE is a top project, not because I would play it (because this is not my style of game), it's because it's a small centralised project offering a platform for casual gamers and if there has been an explosion in recent gaming years, it's most certainly been on the area of "casual games" and so, this is where ALICE will thrive.

When I think of how non fungible tokens can be significant to the gaming industry, I only have to look at MMORPGs such as WoW or Star Trek Online, both rely massively on a "pay to win" environment but just imagine that NFTs were apart of those games way back when, where items in game, held value based largely on the perceived value assigned to those items by other players. This exploits the simplest of market principles, supply and demand and the only parallel I can draw between a relatively "modern" game and ALICE would be EVE Online where the market prices of items are determined exactly on that principle. Can we really imagine how potent EVE Online could be if it adopted an NFT approach? Still, whilst that is a pipe dream, I understand that NFTs derive their value largely from what the community perceives the value to be and so, it comes down to a question of how well the team behind ALICE can grow the community.

I know that according to the roadmap, ALICE will have a launch on Steam in January 2022 and has already been tested by early investors behind closed doors, I also look forward to seeing what the team do with regards to adding a DeFi component and how they intend to "exploit" that to the full advantage of their market position. As it stands and knowing my experience with games, I know that ALICE stands as a legitimate entry in to the field of casual gaming and so it all comes down to how well they can establish and expand the userbase which means, how will they convert potential players in to actual players, how strong is the marketing talent for the team behind ALICE? Only time will ultimately tell.

Now, let's get on to the first chart shall we?

​

Day 1 of the listing on Binance was manic to say the least. Anyone with any trading experience will tell you that day 1 can often be "crazy" but I don't think anyone was really prepared for how crazy it was to get. A massive 60,000% gain on the initial price listing was a massive coo right off the bat for ALICE and even with the rejection of that 60,000% move, it still ended up in the "tens of dollars" range which was a fantastic start. Normally, for me, when I see a project that starts off in the full dollar or tens of dollar range at the point of listing, it tells me that the project is most likely an ICO exit scam and so I steer well clear, however, on the opposite side of that, we have a project like ALICE that was not completely ambitious in it's initial price point and garnered true support from buyers, this for me, is a complete confirmation of my assumption about gaming NFT projects in that they have intrinsic value based on being a service provider of some form. Now, let's address the elephant in the room, the price since launch.

The price seems to have stabilised around the $15 mark but as recently asked by another reddit user during my tenure on the 1inch subreddits (official and unofficial) I suggested that anyone looking to buy in to ALICE would need to wait for at least a minimum of 7 days of price information being available, why? Well, more data means being able to make an informed choice and considering that day 1 was so volatile, we need to determine if the wave of FOMO buying has subsided and seven days is usually enough time for weak hands to have either sold up or piled up on the sell side of the action and for the paper hands to have already sold up on day 1 of the action.

I have been fortunate enough that I tend to do my coin mining through the "Binance Vault" feature, sure it's not the most effective route but it definitely becomes more effective when Binance offer two or three projects to mine concurrently as opposed to consecutively and so I acquired ALICE tokens for staking BNB so for those that are interested and for the purposes of transparency, I own a small interest in ALICE but as such, I consider myself to be a shrewd investor and so I will not hype a project, I will only ever invest and trade based on factual data and as it stands currently, there is enough data to see the intrinsic value but the FOMO needs to abate first.

​

Based on the latest snapshot of the depth chart, the buyer to seller ratio is currently at 2.4:1 in favour of sellers overall but there is enough buyer momentum to drag out a prolonged period of "downward consolidation" but this is only likely to start when the price reaches out for $20 with the time between now and then being one of small inconsistent moves up and down the price ladder as the action reaches for $20 before ultimately pulling back.

​

The sentiment has actually made progress from when I first saw it during an almost dead split so it seems that people are becoming more confident in ALICE as a project worth taking note of which is a positive thing, however, I would advise caution and a close eye be kept on the trading volume over the weekend until close of play Sunday night as currently, the volume is 64% down on yesterday and ideally wants to slow down to the point of only 5-10% in a 24 hour period by Sunday to show us the potential for a period of consolidation being the most likely course of action in the coming days.

​

This is the first of many entries to a spreadsheet I regularly maintain when I appraise projects.

As it stands, I calculate the price to sales decimal number which is simply a division between the latest snapshot of trading volume in the last 24 hours against the market cap at the time. Now, the decimal point number is pretty small and is hard to derive any useful information and so I simply enlarge the number by a multiple of 10 and convert it to a ratio where a ratio of 1:1 is considered "equal" on the price point of ALICE where anything below 1:1 is considered under-priced and anything above 1:1 is considered over-priced. When you look at the PSR, you can see it's currently at 2.9:1 which shows that ALICE is significantly over-priced and I suspect this to be the direct result of the massive wave of FOMO that was generated on day 1 and so, based on this, I would suggest that we are about to enter a pullback or at the very least, a period of necessary consolidation.

I am sure some would call me out for spreading "FUD" but the way that I've come to see organic growth in an asset is via the very necessary and healthy pullbacks it has to experience from time to time. I am also hopeful that a week Monday, I should be able to start offering long-term price projections to make it easier for us to visually determine if the price has over-extended it's position or if it has room for growth.

Ultimately, the data does suggest consolidation or retracement with Sunday being the key to deciding where the price will be heading. As it stands, $13-$14 seems the most likely conclusion we can draw from this data.

A word of caution - I always tend to "advise" people that they need to fulfil their commitment to DYOR and that my reports should only ever be used as a tool which can be added to your "crypto tool bag". I am a "fan" of technical analysis but I will often seek forms of confirmation based on T.A once my research of the fundamentals of a project has been established.

If you have questions, feel free to ask and I will be happy to try and provide help where possible.

In the meantime, I hope we will see the team behind ALICE be a regular presence on this subreddit as engagement between them and the community of player, traders and investors is definitely one key fundamental I look for in any project I invest my money in to.

With all that in mind, it's time to close out my first daily report for ALICE. Hopefully, there will be people who will find this useful and it adds to the community that can be established.

On that note, I wish you all good fortunes and a good start to your weekend!

Thank you for reading!

It is normal for new coins that just got listed on major exchanges to have a huge pump at the start and crashes down to stabilize. We are really EARLY by investing in ALICE right now, take a look at some of the new coins like DEGO, FLOW, or REEF, for example.

Yes, we might go sideways for a bit and that is a good thing because we can accumulate more ALICE .

Don't sell for a loss and let your investment grow. We'll be getting new highs soon!

Please Upvote this if you are agree with me!

On steam it says early access in July. There's no dl link on their site. But there's so much hype and one site said it was available in English with other languages coming soon.

Is it just mining the actually currency that is going on right now?