A cryptocurrency referred to as ALICE surged 60,000% from $0.1 to $60 inside a minute of being listed on crypto trade Binance.
What Occurred: ALICE is the native cryptocurrency token of the multiplayer blockchain recreation My Neighbour Alice, the place gamers can purchase and personal digital islands whereas being rewarded for contributing to the “Alice world.”
The social simulation blockchain recreation is the 18th mission to be included within the Binance Launchpool, the place customers can stake their BNB, BUSD, and CHR tokens into separate swimming pools to farm ALICE tokens.
Why It Issues: Binance is the world’s largest cryptocurrency trade by quantity, and listings on Binance are inclined to have a considerable impression on the token’s value.
On the time of writing, ALICE was buying and selling at $25.61 with a market cap of over $443 million, already rating one hundred and tenth within the checklist of over 4300 cryptocurrencies.
The ALICE itemizing additionally comes at a time the place NFT belongings are taking off within the crypto area. The creators of the My Neighbour Alice recreation have stated that the sport intends to mix one of the best of the 2 worlds – a enjoyable narrative for normal gamers who need to benefit from the gameplay expertise in addition to an ecosystem for gamers who need to acquire and commerce Non-Fungible Tokens (NFTs).
On Feb. 25, the sport held their first NFT auction, the place 255 recreation animal NFTs had been auctioned for a bid quantity of $700,000.
The sport’s native utility token ALICE can also be used for a number of features like in-game purchases, in addition to participation within the recreation’s governance operations by votes. Recreation gamers may also earn ALICE tokens by finishing sure quests within the recreation.
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