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The bear market conditions that swept across crypto markets in 2022 continued into the opening weeks of 2023 as investors experience a prolonged crypto winter. While prices remain stagnant in the aftermath of the big-name crypto collapses, the continuing sluggishness is beginning to negatively impact price predictions on some of the biggest currencies out there.
One currency experiencing plummeting price predictions is MATIC, the native token of blockchain provider Polygon, a top-10 crypto by market cap. Investors searching for better value than Polygon offers are flocking to the Metacade presale event. Here’s why.
Metacade gains momentum during its presale
There are three fundamental reasons why Metacade is generating such momentum during its presale event, which launched recently. Firstly, the product on offer to the crypto gaming community is extremely attractive, clearly elevating Metacade above other GameFi platforms. Secondly, the rich and multi-layered project plan looks set to place the hub at the forefront of the broader GameFi revolution.
Finally, the current presale price looks undervalued, even considering current bear market conditions. This unique set of circumstances, focusing on the project’s community-centered strategy, points towards Metacade’s native MCADE token as having the potential to become one of the best investments of 2023.
What is Metacade (MCADE)?
Metacade hopes to become a leader in the burgeoning GameFi sector, aiming to bring crypto gaming fans together in one place to experience the best classic arcade titles and the latest cutting-edge games that utilize modern Web3 technology. This virtual gaming arcade will offer the broadest range of play-to-earn (P2E) games seen yet while building a community of like-minded individuals with the common aim to drive innovation in the GameFi industry to new heights.
Alongside the primary P2E mechanics designed to help gamers earn as they play, Metacade offers members the chance to earn through other contributions to the community. These include the Create2Earn scheme that rewards users each time they post social content on the hub. This could take the form of game reviews, alpha, gaming tips, and contributions to live chats.
The ground-breaking Metagrants program, launching in Q3 2023, is a massive part of Metacade’s plans to push the entire GameFi industry forward, by promoting innovation in crypto-gaming development. Developers can submit applications for funding (a Metagrant) to support the creation of new games exclusive to Metacade. Applications are pooled and presented to the community, who vote for their favorites. Winners receive their funds and can start building.
As a result, developers could even position themselves to take advantage of full-time Web3 career opportunities through Metacade’s jobs board, launching in 2024. While the wider Web3 sector benefits from access to the best new talent, Metacade continues to evolve with the regular release of new titles selected by the most important players - the Metacade community.
MCADE price prediction
Metacade’s current presale value of $0.014 looks significantly undervalued, given the momentum the presale event has generated, raising $7m in funding already. Experts predict a colossal scramble for the remaining supply of MCADE tokens when the coin is released on decentralized and centralized exchanges, quickly pushing the value of MCADE up.
Price predictions for Metacade suggest that the price will rise to $0.30 quickly, offering bullish investors excellent returns on their holding this year. Those who display patience look to be richly rewarded in coming years with $2 by 2025, an increasingly realistic target for MCADE.
What is Polygon (MATIC)?
Polygon is a layer-2 blockchain solution designed to compete with Ethereum by offering a network that is quicker, cheaper, and allows greater scalability than its biggest rival. This advanced technological offering from Polygon has gained an enormous following across crypto businesses, including high-profile retailers, DeFi and dApps developers, and social media giants.
This helped Polygon’s native MATIC coin enjoy a relatively successful 2022, particularly in comparison to top-10 cryptocurrencies such as BTC (Bitcoin) and ETH (Ethereum), which suffered significant losses. In contrast, the last six months of 2022 saw MATIC double in price.
2023 looks set to be a year of challenge for Polygon as the market reacts to Ethereum’s much-awaited update, bringing layer-2 solutions to compete with Polygon and other similar blockchain providers. Polygon will be hoping that its Ethereum Virtual Machine (EVM) helps them stay a step ahead of its rivals through its ability to increase interoperability with Ethereum’s network and position them at the vanguard of the Internet of Blockchains (IoB) movement.
Polygon price prediction
Experts have adjusted their Polygon price prediction downwards in the past couple of months, with forecasts that the current price of $1.01, less than half its previous all-time high (ATH) of $2.92, will rise moderately to around $1.38 by the end of 2023.
Longer-term Polygon price predictions suggest that these moderate rises will eventually continue to challenge its ATH by the end of 2025.
Why Metacade (MCADE) is a good investment
The GameFi sector is snowballing, with projections of 70% year-on-year growth between 2023 and 2027. Metacade, with its focus on rewarding its community and building loyalty, as well as its innovative outlook and transition to becoming a fully-fledged DAO by the end of 2024, looks set to lead the entire industry over the next five years.
It’s easy to see why investors are flocking to back MCADE during its presale. With the potential of huge rewards that dwarf those likely with MATIC, there’s a clear route to successful gains available to those who get in earlier rather than later.
You can buy MATIC at eToro here.
You can participate in the Metacade presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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