The crypto winter could finally be over. After steep declines across the cryptocurrency market, many investors have begun looking for up-and-comers that could soar into the stratosphere over 2023. One of the projects is Metacade, and in this article, you’ll find out exactly why its MCADE token could soon be posting some incredible gains.
Why is the cryptocurrency market set to rally in 2023?
While 2022 was undoubtedly one of the harshest crypto winters many investors have faced, 2023 could be a much brighter year. With many projects in the cryptocurrency market seeming to have found a bottom, especially after January’s rally, investors could be looking at the start of an epic bull run.
This seems increasingly likely, given the chances of avoiding a recession following sky-high inflation and rising interest rates. The Federal Reserve’s decision to hike interest rates was one of the leading causes of the cryptocurrency market’s decline in 2022. But, as inflation rapidly decelerates and the Fed stops raising interest rates this year, the “risk-on” attitude that gave crypto its big break in 2021 could return in full force.
Despite the bearish backdrop, it’s also worth considering the fundamental outlook for crypto. Many projects are expected to make significant steps this year, like Ethereum’s sharding or Cardano’s Djed stablecoin, while blockchain adoption by businesses and institutions worldwide is predicted to rise. For example, Meta will launch Instagram’s digital collectibles on the Polygon network.
What is Metacade (MCADE)?
If things play out as expected for the cryptocurrency market, then Metacade’s MCADE token stands to benefit tremendously. Metacade is a social platform built for play-to-earn (P2E) gamers. It’s aiming to become Web3’s number one destination for P2E gaming by providing a one-stop platform that gives players everything they need to succeed in the bubbling GameFi space.
For instance, it’ll feature dedicated forums for discussing the latest titles, reviews to help players find the games worth playing, and spaces for discovering the hottest GameFi alpha posted by P2E veterans. But while many community platforms take value from their users and give nothing back, Metacade is launching a number of innovative features that are intended to offer value at every step.
The top 3 reasons you should buy Metacade (MCADE)
1. Maximum value for P2E gamers
Its reward system is an excellent example of this value-led philosophy. In return for their contributions to the community, Metacade rewards players with the MCADE token for posting reviews, providing crowd-beating tips, or interacting with the community in other ways. It’s a win-win: experienced P2E players can boost their income by sharing their knowledge with others, while beginners can use the community’s collective wisdom to improve their skills.
However, the Metagrant scheme is what really makes Metacade stand out from the crowd. Metagrants are a way for the community to allocate the platform’s funds to game developers. Players vote on competing projects and winning developers receiving funding and support to make their idea a reality. This democratic financing process not only drives innovation within the GameFi industry, but it empowers the community to have a direct impact on the games they’ll be playing.
2. Community focus
It’s easy to see how these two features could foster an engaged community actively invested in Metacade’s success, pushing it to new heights through user contributions and support. But these aren’t the only aspects that could drive engagement on the platform.
There are also spaces for real-time interaction with other P2E enthusiasts and regularly held tournaments, competitions, and prize draws. There’s even a job and gig board, launching in 2024, where Metacade users will be able to connect with Web3 and gaming companies to find their next casual, part-time, or full-time role.
Perhaps the most significant step Metacade will take in engaging the community is its decentralized autonomous organization (DAO). Expected in 2024, the DAO will allow users to directly govern the platform and make decisions on future changes. This move will ensure that Metacade remains truly community-driven and that the needs of its users are always prioritized.
3. Potential for growth
By now, it’s clear to see why Metacade could quickly climb the ranks of the cryptocurrency market to become Web3’s home of P2E gaming. But core features of the platform aside, just how big will the GameFi market be? Brand Essence predicts that the market will grow at 20.41% annually to be worth $2.89 billion by 2028. Crypto.com puts it much higher, forecasting the P2E market will accelerate at a 100% annual growth rate to $50 billion by 2025.
Either way, these figures show the outstanding potential for growth in the GameFi market. As the need for a community space emerges, Metacade will be there to fill that gap with an incredibly exciting offering that’s likely to attract thousands of players.
Metacade (MCADE) could emerge from the crypto winter as one of the biggest winners
With the crypto winter finally coming to an end, the chance of a cryptocurrency market rally in 2023 is certainly on the cards. While many projects are expected to benefit immensely, Metacade is a strong candidate which should outperform the majority of the market. The price of its MCADE token has already increased from $0.008 to $0.014 since the presale opened, raising over $6.3 million in the process.
If you think Metacade could easily rise to become a leader of the budding GameFi sector, you’ll want to check out the MCADE presale as soon as possible. It won’t be long until its price increases to its final presale value of $0.02, so take the initiative and join thousands of investors already waiting to reap the benefits of Metacade’s growth!
You can participate in the Metacade presale here.