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The crypto markets continue to post impressive gains. Many investors may still be waiting for a pullback, to see whether the crypto crash is truly over, but overall sentiment continues to improve day by day.
The ongoing Metacade (MCADE) crypto presale results could indicate that investors are extremely positive regarding the future of Web3. With $5 million raised in only its first ten weeks, analysts are now hinting that it could become the next 100x gem in GameFi.
In which case, could MCADE help drive price recovery for the crypto market?
Could the worst of the crypto crash be in the past?
After a strong start to 2023, the crypto market seems to be recovering from the 2022 crypto crash. Bitcoin (BTC) has risen over 50% from its recent lows, while GameFi altcoins such as Decentraland (MANA) have more than doubled in the same time frame.
The crypto crash in 2022 was catastrophic, with many projects losing up to 90% of their total value. However, the perceived crypto market recovery has been catalysed by bullish news in the Web3 space, including the likes of Metacade’s ongoing crypto presale results.
Metacade is building a comprehensive GameFi platform that could rival Decentraland, to become one of the leading projects in blockchain-based gaming. The presale has attracted $9.6m in just 15 weeks, and the hype from the event appears to be spilling over into the rest of the crypto market, with bullish price action as a result.
Market experts are suggesting that sentiment has improved following the crypto crash. This is an important factor when analyzing future price action in the crypto market, as speculation drives buy pressure and can swiftly push prices upwards across the crypto market.
Can MCADE reach $1 in 2023?
The MCADE presale is a limited-time-only event. Once it’s over, the MCADE token will launch on exchanges, with the Metacade platform opening its doors and offering its comprehensive suite of decentralized services to the Web3 community.
As MCADE is launched on exchanges, buy pressure is expected to rise strongly. Since MCADE has deflationary tokenomics, there are realistic forecasts that the release could continue to push the price upwards throughout the rest of 2023.
By the end of the year, MCADE has a $1 price target. The platform is expected to gain an increasing number of users and attract even more investment as the crypto market recovers from the 2022 crypto crash. This in turn could result in a parabolic price action across 2024 and beyond.
What is Metacade?
Metacade is aiming to become the biggest on-chain arcade. It has the largest upcoming collection of play-to-earn (P2E) games compared to other projects, with other major GameFi platforms such as Decentraland featuring only a singular gaming experience.
In contrast, Metacade will offer a vast selection of titles that each has integrated earning mechanics. But, the platform does not stop there. Metacade intends to become a dynamic social hub for Web3 users, reporting on all the latest trends in blockchain gaming and connecting its users to extensive crypto-earning possibilities.
How does MCADE work?
The metaverse arcade will support casual and competitive gamers alike. Solo players can progress through levels in any of Metacade’s many P2E arcade games, earning cryptocurrency rewards while trying to beat their high scores. Competitive gamers will also be able to join ranked tournaments for the chance to win major crypto prizes.
The community hub has another unique feature in development: Create2Earn. This will reward members for contributing to the community in a number of ways, offering MCADE for posting game reviews, sharing alpha, and interacting with other users. Create2Earn is designed to incentivize knowledge-sharing between Web3 users and could assist Metacade in becoming a buzzing decentralized community.
Metacade is also connecting its community to paid job opportunities through the Work2Earn mechanic. Whether looking to find part-time work, a crypto side hustle, or a full-time career in blockchain technology, Metacade aims to help users kickstart their journey. The jobs board will go live on the Metacade platform from 2024.
Metacade is changing the game after the crypto crash
Another powerful feature helping drive innovation in blockchain gaming is Metacade’s novel Metagrants program. This will support game developers with early-stage funding, providing financial help and guidance to innovators as they journey into Web3.
The community will vote to decide which new games are best before Metacade provides funding directly. This ensures that only the most in-demand titles see development, from the idea stage to a market-ready product, and helps blockchain gaming to continue to revolutionize the wider gaming industry.
Is MCADE worth buying?
MCADE looks like one of the best investment opportunities in the crypto market right now. Since price action could be recovering from a prolonged crypto crash, the Metacade token presale is perfectly timed to capitalize on market movements.
The crypto crash will eventually swing into a bull run, and MCADE’s crypto presale could be a great buy for when that happens. However, investors need to be quick – the MCADE presale has sold out completely during every prior round, and the price has risen from $0.008 to $0.017. Make sure to check out MCADE before the presale ends.
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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