The crypto market has seen some volatile price action in recent times. Since investors are expecting a big recovery in the not-too-distant future, many have begun to prepare by loading up their portfolios with high-potential crypto tokens while the prices are so low.
A promising option for many investors has been Metacade. The project has just launched its presale and looks set to become a key name in the GameFi sector for many years to come.
Crypto Markets Recovering?
2022 was dire in terms of price action for most cryptocurrencies. Bitcoin dipped over 75% from its all-time high down to its recent low and many altcoins have seen up to 90% reductions. After some explosive price action in 2021, this comes as no surprise. Throughout Bitcoin’s 13-year history, it has suffered through lengthy retracements after short bursts of bullish action where the price skyrockets.
It goes without saying that Bitcoin recovers every time. Since it was launched in 2009, the coin has increased in value by over 760,000x from its first big jump in value in 2010 ($0.08 for one BTC) to its recent highs. While many investors see recent price dips as cause for concern, zooming out paints a very different picture that suggests Bitcoin remains as strong as ever and these price dips are simply a natural price correction after some major increases.
With that said, it looks as though the bear market may have reached, or is at least reaching, its lowest point. Crypto tokens across the board are starting to pick up again and, while no one can be certain exactly how long these prices will remain low, it would seem like a great time to start investing long-term once again.
There are some top-class projects that continue to build some amazing digital services using blockchain technology and they have not stopped building in spite of poor market conditions. Metacade is an example of a project like this, that has only recently started its journey. With that in mind, it could do some major gains between now and the next bull market.
What is Metacade?
The Biggest On-Chain Arcade
Metacade is building an advanced play-to-earn platform that offers a wide range of features to GameFi players. With an extensive list of different games offered in a single location, Metacade will become the single biggest arcade, built using blockchain technology.
The GameFi sector looks destined to conquer the gaming industry, as play-to-earn features can deliver a vastly improved playing experience with additional incentives that bring an improved level of personal engagement to online games. Metacade is capitalising on this nascent industry and bringing a vast number of play-to-earn games to the community.
Contribute and Earn MCADE Rewards
Players can contribute to the Metacade ecosystem directly, by providing exclusive insights into the hottest trends in the world of play-to-earn gaming. Since the Metacade community will be made up almost exclusively of GameFi players, this can mean that Metacade becomes an educational hub for blockchain-based games.
To incentivise the growth of the Metacade community and to ensure that users receive a high level of education within the ecosystem, Metacade offers MCADE token rewards to users for sharing valuable information with other players. This feature looks set to produce some interesting effects over time, which can ultimately mean that Metacade becomes a booming centre of information-sharing with an exclusive focus on blockchain gaming.
Funding the Future of GameFi
Metacade is developing a feature that can help to drive the expansion of the GameFi industry over time. The Metagrants program will connect early-stage blockchain developers with a community of gamers. These developers can submit their funding proposals and business plans to the Metacade community, who will then decide which new projects are the most exciting.
When a winner has been chosen, Metacade will provide funding through the Metagrants program. This system could provide an invaluable leg-up to these early-stage projects as they seek to introduce brand-new play-to-earn titles into the world of Web3.
Presale Predictions
The MCADE token has recently started its presale event, which has been attracting a lot of attention within the crypto community. Investors have been looking to acquire as many MCADE tokens as they possibly can since the low price does not match the project’s high future potential.
MCADE started at $0.008 per token, so investors can get 125 MCADE for every dollar that is invested. Over time, the price of MCADE is expected to skyrocket, especially considering that the token has yet to have its official IDO. With a bull market just around the corner, MCADE looks like a great early-stage crypto token to invest in with the potential for some major future gains.
You can participate in the MCADE presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
Contributors
