Following the FOMO that rocked the market at the introduction of Alice, a massive drop was inevitable. The price drop took place; leaving the coin to gradually recover its loss. Alice has been recovering and as a result, it hit its three-month high.
The high came after the currently ranked 172nd coin by market cap enjoyed consecutive price rallies for five days and taking a break on the sixth day. The bulls came back to continue the price hike afterwards, leading to the current milestone the following day. As of the time of writing, Alice is trading above $14 after attaining the high at $15.2.
The recent record that my neighbour alice attained shows the coin edging closer to its all-time high. Based on the attained milestone, Alice is still a long way from $40 and needs to surge by more than 60% to break it.
Alts are currently accumulating a lot of gains as another coin broke its ATH. Axie infinity has been on a winning streak over the last seven days. In the last eight days, AXS broke it ATH six times. As of the time of writing, Axie infinity all-time high is $56.4. Based on its recent price performance, it is safe to conclude that we may see another ATH if the current market momentum is sustained.
The alts market is also booming as its value increased by more than 10% over the last seven days. As of the time of writing, the total value of the market is over $795 billion; a huge improvement from the $675 billion in the past seven days. With the improvement in market sentiment, we may see the alts market hit $1 trillion in the next two months.
More price actions are about to unfold in the next 24 hours. We may see a divided market about alts as some will continue to dip while others pump.
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