Dogecoin has been one of the most talked-about cryptocurrencies in recent years, garnering attention from both the crypto community and mainstream media alike. However, the price of Dogecoin has become increasingly reliant on Elon Musk and his actions, leaving many uncertain about Dogecoin’s price action going forward.
Instead, many investors have been pointing to Metacade as a much more robust option. Today, you’ll find out where experts think DOGE is headed next and why Metacade has been attracting millions of dollars in its ongoing presale.
The Price of Dogecoin (DOGE) Leaves Investors Wary
Dogecoin, the once-joke cryptocurrency, took the crypto market by storm in 2021. Defying expectations, partly thanks to Elon Musk’s vocal support for DOGE, Dogecoin’s price rose almost 16,000% from the start of 2021 to its peak in May later that year. Despite not offering much beyond a simple transaction medium, Dogecoin has built up a loyal community of followers, with the r/Dogecoin subreddit currently holding over 2.4 million members.
However, many DOGE investors have been left in the dark as they wait for Musk to pump Dogecoin’s price again. Without his support, alongside a severe lack of development progress, the price of Dogecoin has been relatively subdued in recent months.
Many have speculated that the introduction of Twitter “Coins” could be powered by crypto transactions in the future, specifically Dogecoin. Until, or if, this happens, it seems like the price of Dogecoin and DOGE investors will be at the mercy of Elon Musk’s performance. Recently, Twitter users voted that Musk should step down as the CEO of the platform, sending Dogecoin’s price plummeting -11%.
Dogecoin (DOGE) Prospects for 2023
The project’s lack of intrinsic value and reliance on Elon Musk’s actions should be enough to deter any serious investor from putting their money into Dogecoin. Many analysts expect the price of Dogecoin to fall further from its current price of $0.084, with targets set for around $0.070. Beyond that, $0.06 seems likely – a -28.5% decline from today’s price.
Metacade (MCADE) Attracting Millions in Presale
Unlike Dogecoin, Metacade is clearly impressing investors, evidenced by its outstanding presale performance. The play-to-earn (P2E) community hub has raised over $10.9m in16 weeks since launch, with the price of its MCADE token rising from $0.008 to $0.0185 in the process. The project is positioning itself as the central platform for GameFi in Web3, offering players everything they need to connect with others and find their edge in P2E.
A suite of upcoming valuable features, like reviews, leaderboards, live chats, sub-communities, and even a jobs board, expected in 2024, has been attracting prospective users and investors to the project. To encourage experienced players to share their wisdom with others, Metacade intends to reward its users with the MCADE token whenever they post helpful reviews, tips, and other useful content to the platform.
But the benefits don’t stop there. Regular tournaments, competitions, and lottery draws will offer players a chance to boost their gaming income and win some incredible prizes. At the same time, many think the Metagrant scheme could be one of the platform users favorite features.
Metagrants allow MCADE holders to direct the platform’s resources toward game developers building the very best P2E games. These developers just need to enter their ideas into one of the Metagrant competitions, and Metacade members vote on which project they want to bring to life. The winning proposal receives funding and support from the platform, with the finished game being published to Metacade’s virtual arcade for everyone to enjoy.
Metacade’s final goal is to become a decentralized autonomous organization (DAO), giving players ultimate control over the platform’s future. MCADE holders will be able to propose ideas for others to vote on, with decisions being implemented by elected community members. From this point forward, Metacade members will be in control, participating in the world’s first player-owned virtual arcade.
Metacade (MCADE) Prospects for 2023
Unlike the price of Dogecoin in 2023, many expect that Metacade will outperform this year. Its outstanding presale performance is a testament to investors' belief in the platform’s future.
With GameFi also set to explode this year, it’s likely that Metacade will attract thousands of Web3 gamers looking for a community to call home. As such, analysts predict that MCADE will soar well beyond its final presale price of $0.02. Some forecast it’ll reach $0.20 by the end of the year, while others think MCADE could easily break the $0.50 mark – potentially delivering 25x returns in under a year.
Metacade (MCADE) Seems To Be a Much More Promising Opportunity
It seems like Dogecoin investors are in a difficult position currently. The price of Dogecoin looks set to tumble further without support from Elon Musk, and when he announces a new CEO, DOGE will likely take a further, significant hit. As a result, Dogecoin seems like a very uncertain investment right now.
In contrast, Metacade looks like a much more promising investment for 2023. Its presale has been blazing ahead as investors look to get in early on one of the most exciting GameFi projects out there. Supported by a host of valuable features and a community-led philosophy, Metacade could be one of the hottest tokens of 2023.
If you’re considering getting involved, be quick. Each stage has been selling out fast and it won’t be long until they sell out completely. Right now, you can pick up tokens for $0.0185 in stage 6, which seems immensely undervalued when factoring in analyst predictions. Don’t miss out!
You can buy Dogecoin (DOGE) 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.