Home
News
- 1 The Solice crypto company has pulled in more than 4 million dollars of VC funding.
- 2 The Solice metaverse is designed to provide users with maximum freedom.
Solice, with its SLC, stands out as one of the top contenders among Solana’s metaverse coins. Solice is a cross-platform metaverse on the Solana blockchain that adapts to players’ preferences.
The company recently secured $4.3 million in venture capital funding, which signals a promising future for Solice in the metaverse space. The Solice metaverse offers players an array of social elements, including quests and mini-games, that keep them engaged and entertained.
The SLC Token
SLC can become one of the most prominent Solana metaverse coins emphasizing social aspects.
The content within the Solice metaverse can range from static 3D objects to interactive systems such as games. A LAND is a digital asset stored in a Solana smart contract that is non-fungible, scarce, and transferable. Players must spend an SPL token called Solice ($SLC) to acquire a LAND.
In-world digital goods and services purchases can also be made using $SLC. The primary cryptocurrency powering the Solice metaverse is $SLC. This governance token serves multiple purposes and will be allocated through private and public sales, with a percentage reserved for the core team, staking rewards, and the community treasury.
Users prticipating in the metaverse can earn a portion of $SLC, which can also be used to perform various marketplace transactions, such as NFT trades or asset creations.
The Solice metaverse is designed to provide users maximum freedom, just like in real life. The Solice native token governs the metaverse through a DAO (Decentralized Autonomous Organization) based on a liquid democracy and real-world inspiration rules.
SLC Token Technical Analysis
In December 2023, the SLC/USD crypto chart analysis indicated that the SLC cryptocurrency experienced a positive turn and continued to follow an upward price trajectory until the last week of December 2023.
The immediate resistance level of $0.005 has caused a bullish trend break for the SLC price. Currently, the trading price stands at $0.0035008 and has the support of the 150-day EMA at $0.003322.
The crypto surged almost 500% from its lows for nearly a month. The price is currently respecting the upper and lower boundaries of the channel pattern and is moving within it on the downside.
The RSI is displaying a declining trend and is below the neutral zone of 50. Based on the current technicals, the price target will be bearish, provided that bears break down the 150-day EMA. However, the price target could differ if the Bulls can reclaim the same EMA and bounce.
Conclusion
Solice recently secured $4.3M in funding for their SLC Token, which has potential as a prominent Solana metaverse coin. In Dec 2023, SLC experienced a positive turn, but currently, the analysis favors the bears.
Technical Levels
- Support Levels: $0.00258 and $0.00144
- Resistance Levels: $0.00542 and $0.00932
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
