With an ongoing crypto winter leaving many investors dissatisfied with subpar profits (if any) in 2022, 2023 is expected to bring greener pastures. While many tokens are predicted to make a roaring comeback, there is one in particular that many have recently placed big bets on. It’s called Metacade and the hype surrounding the project has led to constant sell-outs during the token presale. Read on to find out why.
The ongoing crypto winter has left many investors feeling icy
After soaring inflation, rate hikes, and the demise of some of crypto’s most prominent players in 2022, many projects have fallen significantly from their 2021 highs during the current crypto winter. Bitcoin — often regarded as the benchmark of crypto performance — fell 77.5% from its high of $69,000 in November 2021 to a low of $15,476 about a year later.
Altcoins like DOT plummeted more than -92% over the same period, while others showed a little more resilience. For example, TRX has roughly matched BTC’s performance, dropping -74.9% from its 2021 high to its 2022 low. While prices have slightly increased again in early 2023, some still believe that the crypto winter misery is far from over. Despite this continued bearishness, one token has attracted millions in investment: Metacade.
What is Metacade (MCADE)?
Metacad is a play-to-earn (P2E) community hub that strives to be an early leader in the GameFi revolution. The goal is to be the number one place in Web3 to discover, learn and make the most of P2E gaming. Metacade gives players all the tools they need to get ahead in this fast-growing space, such as dedicated forums, reviews, game leaderboards, and leading GameFi alpha shared by P2E veterans.
In addition, it fosters a loyal community by giving players as much value as possible. In addition to regular tournaments, prize draws and competitions, Metacade uses the power of decentralization and crypto for good by rewarding players for their contributions and giving them a say in the games they will play. There are even plans for a job board and to transfer the project to a decentralized autonomous organization (DAO).
A deep dive into the main features of Metacade (MCADE).
Traditionally, gamers are invited to share reviews and tips with others without receiving anything in return. Who benefits from this? Primarily the platform hosting these reviews and tips.
Metacade realizes this, and instead of profiting and giving nothing back, it pays users directly with the MCADE token for their role in community growth. That means that even if you’re just getting started with P2E, you can make money simply by giving your opinion on a new game you’ve played or posting tips that other players can use to get ahead.
At the end of 2023, Metacade will also issue its first Metagrant. Metagrants allow the community to direct the project’s resources to selected game developers, with the intention of funding the next generation of community-backed P2E games. Developers enter their game proposals into one of the Metagrant competitions, and the idea that receives the most votes from MCADE holders receives funding from the Treasury.
The finished title will be hosted in Metacade’s virtual arcade for anyone to log in and enjoy. All it takes is one groundbreaking game produced by the community, and Metacade can be thrust into the mainstream media spotlight, causing the MCADE token to skyrocket.
As mentioned, Metacade will also launch a job board. This board is due out in 2024 and will feature casual gigs, part-time roles, and full-time positions working with Web3 and GameFi titans. Whether you’re interested in testing games using Metacade’s staging environment for some extra income or want to get your foot in the door as a game developer, you’re sure to find something that fits your skill set.
Finally, Metacade will transition fully to a DAO by the end of 2024. While the foundation is expected to be laid as early as Q2 2023, this transition will see Metacade’s core team step down and hand over the reins to elected Metacade members. From this moment on, MCADE holders will determine the future of the world’s first democratically run virtual arcade.
Metacade (MCADE) may be one of the top performing artists of 2023
So how well has Metacade performed in the presale despite the ongoing crypto winter? In the first seven weeks of the MCADE pre-sale, approximately $3.4 million has been raised by thousands of investors around the world.
The price of MCADE Tokens has already increased from the starting price of $0.008 to $0.012, and prices are expected to reach $0.02 at the end of the pre-sale. However, many analysts believe MCADE has much more room to grow, with some setting targets of at least $0.20 by the end of 2023 if the crypto winter eases as predicted.
This is supported by the fact that GameFi is launching this year. Absolute reports estimates the industry’s annual growth rate at 20.4% between 2022 and 2028, while crypto.com predicts it will grow much faster, at a rate of 100% per year. Given how crucial social hubs are to gamers and Metacade’s first-mover advantage, it could soon become the premier destination for all things P2E.
If you think Metacade is onto something, check out the MCADE presale ASAP. Time is running out to get your hands on MCADE Tokens for $0.012 before moving on to the next stage of the presale!
You can participate in the Metacade presale here.