2022 was a tough year across crypto. Crypto whales stayed relatively quiet as they strategised the situation, holding fast until the uncertainty of the bear market passed by. With 2023 already showing promise that the bear market bottom has now been found, the whales have awoken — and they seem to be jumping straight into an exciting new project, known as Metacade.
Metacade is a disruptive new project that is positioning itself at the heart of the GameFi revolution, and is already making headlines across crypto news now. 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, having raised an eye-watering $10.4m in just 16 weeks, with no signs of slowing down.
Can Web3 technology enable Metacade to attract gamers?
GameFi is an innovative sector of Web3 bringing the financial benefits available through blockchain technology into the world of gaming. It means that projects like Metacade, which provide a comprehensive and immersive platform for gamers, also are able to provide new channels of revenue by applying functionality derived from decentralized finance (DeFi).
As a result of this, Metacade is able to enable its gamers to find new sources of income from gaming, which will no doubt see huge levels of adoption once the mainstream industry realizes the benefits on offer. It’s just one reason why crypto whales are showing so much interest in the project.
The space holds so much potential, in fact, that highly respected crypto exchange Crypto.com research suggests that blockchain gaming could be worth upwards of $50 billion by 2025, giving the sector growth numbers ten times higher than that of traditional gaming.
This growth potential is just one of the reasons why investors are clearly excited about Metacade. The plans outlined by the Metacade team make very clear the realistic strategy Metacade has in place to become a centre for GameFi, and by providing an expansive and immersive gaming experience that appeals to a very broad set of the more than 3 billion gamers out there, Metacade could quickly capture a huge slice of the market.
Can MCADE reach $1 in 2023?
The MCADE token is crucial to the core functionality of the Metacade ecosystem, and so we can expect to see that as the user numbers across the platform increase, so too does the amount of upward pressure on the MCADE price.
Another key factor is how investor-friendly the design of the MCADE token is, with the token having a supply of just 2 billion tokens. It also boasts staking options, meaning that holders are able to establish a passive income stream while they wait for returns on their holding.
These factors, along with the technical releases and an aggressive marketing plan, all kick in during 2023, meaning that many are speculating that $1 by the end of the year is relatively likely. The low supply means that this would only require the project to have a market cap of $2 billion, well within the range of the all-time highs of many projects to date.
What is Metacade?
Metacade is looking to transform the world of gaming, allowing users to earn income as they partake in their favourite hobby, by building the largest play-to-earn arcade on the planet. This is being approached in an expansive way, to maximize the total addressable market (TAM) of the project. By allowing varying styles of gaming to be included in their rewards system and offering the largest library of titles, Metacade looks to be set for wide-reaching success.
All this means that we could see Metacade begin to attract many gamers as technical releases go live and awareness of the project rises into the mainstream. This could provide Metacade with a huge user base, all requiring the MCADE token that crypto whales are so desperate to get hold of currently.
How does MCADE work?
The MCADE utility token is used as the currency of the ecosystem, used for all value exchanges as well as to power the rewards system. The high level of utility that the token provides, along with its limited supply, means that it will see buying pressure increase as users join the platform.
Holding also provides governance rights to its holders, extending to the Metagrants program, which has received significant praise from analysts. The program allows game developers to present their ideas to the Metacade community, with MCADE holders being able to vote on which titles receive funding. This will ensure a steady stream of gamer-endorsed, top-quality titles coming to the platform, alongside strong user engagement and growth.
Metacade is a rare opportunity
With so much potential, it’s clear why the Metacade presale has faced huge interest across crypto news now and in its presale from crypto whales. As forward-looking investors continue to drive high levels of momentum for the project, it’s looking increasingly likely that the presale will sell out in short order and interested parties should take a look as soon as they can.
You can participate in the Metacade presale here.
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