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The cryptocurrency market experienced a difficult 2022, with almost all established projects seeing price declines, and Bitcoin was no different. However, although the price of BTC collapsed by more than 60% over the year, it still performed better than some high-profile stocks such as TSLA.
Bitcoin is often considered a risky asset, but in reality there has been no better investment over the past decade. Now that the bear market may have bottomed out, experts who know the cryptocurrency markets are promoting Bitcoin as one of the safest investments for 2023. But it is another project that excites them the most.
Indeed, Metacade is winning over investor circles as the early-stage project continues its presale, with a meticulous plan to change the gaming industry forever.
Summary
Is Metacade the safest investment on the market?
Bitcoin is a safe investment: it is extremely unlikely that its price will continue to fall. Bitcoin’s price has been hovering around $20k for months now, but it is clear that there is an incredible amount of support for the price in its current range.
The safest investments, however, are those that have a solid foundation and a positive price outlook. This offers an incredible amount of breathing room and a potential safe haven for investors.
Metacade appears to be one such project: the presale raised an incredible $2.7 million in the first 7 weeks of launch. Since then, the project has gone on to raise $6.1 million, showing how enthusiastic investors are about securing MCADE tokens as long as they are available at such low prices.
What is Bitcoin (BTC)?
Bitcoin is the world’s most popular cryptocurrency, founded by the anonymous Satoshi Nakamoto in 2009.
Over time, Bitcoin has gained a huge following and has seen astounding returns over the past decade. It is moving closer and closer to meeting the use case for which it was conceived as peer-to-peer digital money and is a big driver of the rest of the cryptocurrency world we see today.
Bitcoin price forecast in general: can BTC still offer great returns?
Bitcoin is, without a doubt, still a great investment. But despite its risky reputation, the choice to buy Bitcoin remains the most conservative investment choice among cryptocurrencies, and the days of its 100x returns are behind us.
This means that while we can expect the price of BTC to rise further in the coming years, it is unlikely that we will see a $1 million BTC in any reasonable Bitcoin price forecast.
With that in mind, the price of BTC in 2023 could rise as high as $30k, reestablishing support at a higher level. Beyond that, it is likely that we will see a return to the highs of 2021 with BTC at $75k in 2025, which will likely mark the culmination of the next upward run.
What is Metacade (MCADE)?
Metacade aims to revolutionize gaming by creating an incredible play-to-earn (P2E) arcade and allowing players to earn while playing within the Metacade ecosystem.
Metacade’s extensive rewards system ensures that the platform meets the needs of all types of gamers as it will please both those who want to play alone or with friends and those who prefer to compete in tournaments.
By focusing on bringing a large gaming community to life, the project also rewards content creation and community engagement, creating a virtuous circle of user growth.
How does MCADE work?
The MCADE token is critical to the operation of the Metacade platform and is used for all expenses in the ecosystem, such as tournament entry fees or the purchase of merchandise. With rewards distributed in MCADE and staking options available to holders, the token will see increased demand as the number of users grows.
The project also includes an innovative funding program known as Metagrants, which allows game developers of all levels to showcase their ideas and prototypes to the Metacade player community, while MCADE holders can periodically vote on projects that should be funded. This creates a community of engaged users and gives them the opportunity to shape the future of the platform with the goals they are most passionate about.
Forecasting the price of Metacade in general: will MCADE exceed $1?
With Metacade’s presale rush, it is clear that the investment community believes that the MCADE token will be able to grow a lot. When the number of users starts to grow in 2023, it is very likely that MCADE will rise well above $1 by the end of the year, thanks to increased demand for the token.
By 2025, MCADE could exceed $5 if the project succeeds in securing even a small slice of the huge global gaming market, far exceeding even the most optimistic Bitcoin price forecasts.
Metacade vs Bitcoin: which project should investors choose?
Although Bitcoin is a good investment for conservative investors seeking moderate gains compared to cryptocurrency standards, experts understand the substantial opportunity Metacade’s presale presents compared to Bitcoin’s price forecast.
For investors looking for safe investments that have the potential to deliver eye-popping returns, Metacade is an excellent choice.
You can participate in Metacade’s presale here.
*This article has been paid for. Cryptonomist did not write the article or test the platform.
