As 2023 dawns, investors are turning their attention to cryptocurrencies that could offer excellent returns over the next 12 months. Cardano continues to attract interest as it seeks to challenge Ethereum as the world’s leading blockchain provider. However, it has been overshadowed in recent weeks by a new cryptocurrency, Metacade, which exceeded expectations during its presale. In this article we will discuss:
- What are Cardano and Metacade?
- What does 2023 have in store for Cardano’s price prediction?
- Why are investors taking an interest in Metacade?
What is Metacade?
Metacade is a brand new blockchain-based virtual arcade. The goal is to offer the most comprehensive range of Web3-developed play-to-earn (P2E) titles in the metaverse, while creating a thriving community of game enthusiasts and developers working together to deliver the best GameFi experience.
Players are rewarded with cryptocurrency rewards as they progress through the games and also have the opportunity to earn by sharing social content with the community. For example, you can post reviews and share tips for progressing in games. Other earning options include participating in tournaments and using the job board to find interesting career opportunities in the Web3 world.
Metacade’s ultimate goal is to transform into an autonomous, decentralized organization by the fourth quarter of 2024. At that point, complete control of the platform and its resources will be transferred to community members.
How does Metacade work?
Metacade uses several revenue schemes to subsidize the development of the platform. Funds are raised from internal sources, through tokens staked by users to participate in tournaments, prize draws, and more. These include advertising on the platform, the sale of space through the platform’s launchpad to outside companies that want to release games on Metacade, and the sale of space for Web3 and GameFi companies’ job ads.
These funds are also earmarked for the Metagrants program, which will go live in the third quarter of 2023 and promote GameFi innovation. Developers can submit cryptocurrency funding requests to support the creation of new games. These proposals are voted on by community members to ensure that only titles that members want to play with become a reality. The first quarter of 2024 will see the release of the first titles supported by Metagrant.
What is Cardano?
Cardano is a blockchain provider created as a challenger to the superiority of Ethereum. The platform offers a decentralized proof-of-stake (PoS) blockchain that acts faster and cheaper than proof-of-work (PoW) offerings such as Ethereum. In addition, there are environmental benefits to using Cardano.
Employed primarily as a platform for decentralized finance services (DeFi), smart contracts, and decentralized applications (dApps), Cardano has received praise for its logical and comprehensive approach. This has helped Cardano gain a loyal user base and helped support Cardano’s price forecast.
New updates planned for 2023, including the DJED stablecoin, will only enhance Cardano’s reputation as a solid, reliable, and trustworthy blockchain provider.
Metacade Price Forecast (MCADE)
Finding great early investment opportunities is one of the secrets to making a successful profit in cryptocurrency markets. With the GameFi sector set to grow exponentially in the coming years, Metacade is in an excellent position to take full advantage of its solid roadmap and long-term potential.
Thousands of people have already jumped on the Metacade bandwagon, buying in at the presale price of $0.008 and raising $1.3 million in three weeks. Timely investment in this new project that promises to be at the forefront of the GameFi revolution is essential to ensure maximum returns. The current price of $0.012 seems undervalued, and once it reaches DEX after the presale concludes, it could skyrocket. According to forecasts, MCADE could reach $1 in 2023 and even $5 in 2025.
Cardano (ADA) Price Forecast
The price of Cardano’s native coin ADA has mimicked that of most other cryptocurrencies by losing about 80 percent of its value from its early January 2022 price due to the market difficulties experienced this year.
Although the launch of the DJED stablecoin and the new smart contract feature may improve ADA’s value, any increase between now and December 2023 will be driven by a general recovery in cryptocurrency markets. If an initial bullish market occurs this year, the value of Cardano will increase accordingly. Absent that, the Cardano price forecast indicates that 2023 will be a year of consolidation for ADA.
Why do investors prefer Metacade (MCADE)?
Metacade has burst onto the scene in the video game metaverse and has already established itself as a potential major player in the GameFi space. The attention it garnered during the presale exceeded expectations and captured the imagination of investors looking for the next big cryptocurrency.
This kind of interest is something Cardano has not been able to generate. Considered a stable and reliable blockchain provider, Cardano is perceived by many investors as a safe option that could post gains if markets recover, a factor that Cardano’s price forecasts take into account. Metacade seems undervalued in its presale. And with the profits to be made from the price increase at each presale stage, MCADE could make fireworks upon its arrival on exchanges.
This enthusiasm, coupled with the continued growth of the GameFi sector and Metacade’s exciting roadmap, makes it a very attractive investment for cryptocurrency enthusiasts ahead of 2023.
You can purchase Cardano’s ADA tokens on eToro here.
You can participate in Metacade’s presale here.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.