The year 2022 was a difficult one for cryptocurrencies. So-called “crypto-whales” remained relatively quiet as they assessed the situation, holding out until the uncertainty of the bear market passed. With 2023 already promising to have bottomed out in the bearish market, these have awakened and seem to be throwing themselves headlong into an exciting new project, known as Metacade.
Metacade is a disruptive new project that is positioning itself at the center of the GameFi revolution and is already making headlines all over cryptocurrency news. In response to the detailed plans laid out by the Metacade team in its whitepaper, the project has seen intense growing interest in its presale, raising $12.8m in just 17 weeks and with no signs of slowing down.
Can Web3 technology enable Metacade to attract gamers?
GameFi’s is an innovative area of Web3 that brings the financial benefits of blockchain technology to the gaming world. This means that projects like Metacade, which provide a comprehensive and engaging platform for players, are also able to provide new revenue channels by applying features derived from decentralized finance (DeFi).
Because of this, Metacade is able to enable its players to find new sources of income from gaming, which will undoubtedly see tremendous adoption once the mainstream industry realizes the benefits offered. It is just one of the reasons why cryptocurrencies are showing so much interest in the project.
The potential of this industry is so great that research by Crypto.com, an influential cryptocurrency exchange, suggests that blockchain gaming could be worth more than $50 billion by 2025, with the industry growing ten times faster than traditional gaming.
This growth potential is just one reason why investors are clearly excited about Metacade. The plans outlined by its team make it very clear that Metacade has a realistic strategy in place to become a hub for GameFi, and by providing a broad and immersive gaming experience that appeals to a very large group of more than 3 billion gamers, Metacade could quickly capture a huge share of the market.
Will MCADE be able to reach $1 in 2023?
The MCADE token is critical to the core functionality of the Metacade ecosystem, so we can expect that as the number of users of the platform increases, so will the upward pressure on its price.
Another key factor is the ease of investment of the MCADE token, which has an allocation of only 2 billion units. It also offers staking options, which means that holders are able to create a passive income stream while waiting for the returns on their holdings.
These factors, along with technical releases and an aggressive marketing plan, come into play during 2023, meaning that many assume that a dollar by the end of the year is relatively likely. The low bid means that the project should have a market value of only $2 billion, well below the all-time highs achieved by many projects to date.
What is Metacade?
Metacade aims to transform the world of gaming, enabling users to earn money while practicing their favorite hobby by creating the largest play-to-earn arcade on the planet. The approach is expansive, to maximize the total addressable market (TAM) of the project. With the ability to include different play styles in its reward system and offering the largest library of titles, Metacade seems destined for far-reaching success.
All this means that Metacade could begin to attract many players as technical versions are released and as awareness of the project spreads into the mainstream. This could provide Metacade with a huge user base, all demanding the MCADE token that the cryptocurrency whales are desperately trying to get hold of.
How does MCADE work?
The MCADE utility token is the ecosystem’s currency, used for all valuable exchanges and to power the rewards system. The high level of utility the token provides, coupled with its limited supply, can result in increased buying pressure as users join the platform.
Holding also offers governance rights to its holders by extending the Metagrants program, which has received considerable praise from analysts. The program allows game developers to submit their ideas to the Metacade community, while MCADE holders will be able to vote on titles to receive funding. This will ensure a steady stream of high-quality, player-approved titles coming to the platform, as well as strong user engagement and growth.
Metacade is a rare opportunity
With so much potential, it is clear why Metacade’s presale has attracted tremendous interest throughout the cryptocurrency news and in its presale from so-called “crypto-whales.” As forward-looking investors continue to give the project a big boost, it is increasingly likely that the presale will sell out in a short time, so interested parties should take a look as soon as possible.
You can participate in the Metacade presale here.
*This article has been paid for. The Cryptonomist did not write the article or test the platform.