.png)
Axie Infinity took the online gaming world by storm in 2021’s bull market. But since falling out of favor with investors, some debate exists as to whether AXS is still worth investing in. Meanwhile, GameFi newcomer Metacade’s upcoming exchange listings drive significant attention to the presale of the MCADE token. In this article, you’ll find out where experts place their Axie Infinity price predictions for 2023 and whether Metacade could be the better investment.
Axie Infinity (AXS) Has Faced Plenty of Controversy
Axie Infinity is one of the best-recognized play-to-earn (P2E) online gaming platforms, capturing the attention of gamers and investors across the globe in 2021. Launched in 2018 by the Sky Mavis studio, Axie Infinity quickly established itself as the standard for P2E games. Its in-game NFT collectibles, Axies, are used to battle other players for the chance to win Smooth Love Potion (SLP) tokens, while Axie Infinity Shards (AXS) act as the game’s governance token.
While multiple leading publications commended Axie Infinity for its ability to help players in Indonesia and the Philippines replace their traditional income during the Coronavirus pandemic, there is a darker side to the online gaming phenomenon. When the crypto bear market set in during 2022, many Axie Infinity players saw their incomes plummet as SLP dropped over -99% between July 2021 and June 2023.
Moreover, some in these countries were part of scholarship programs, renting Axies in return for a cut of the profits. Reports of players grinding out long hours of gameplay just to meet quotas have tarnished Axie Infinity’s reputation and cast doubt over the project’s long-term sustainability.
Axie Infinity (AXS) Price Prediction
As a result, Axie Infinity price predictions for 2023 have remained underwhelming. Currently worth around $9, many Axie Infinity price forecasts see it maxing out at $12.92 in 2023.
Of course, a bull market and continued growth in online gaming could carry AXS’s price much higher. As such, the most bullish Axie Infinity price predictions are set for $42. While this would still represent more than 3x gains, AXS is ultimately a risky investment, given its questionable track record.
Metacade (MCADE) Could Be the Next GameFi Rising Star
Metacade is an innovative P2E platform that aims to be the central hub for gaming in Web3. Its goal is to bring gamers, developers, and crypto enthusiasts together in a vibrant community setting, offering players all the tools they need to kickstart their P2E careers.
At the heart of Metacade will be its online gaming arcade, filled with an exciting variety of P2E titles - including those backed by the community itself. Beyond the arcade, Metacade also fosters a strong sense of community, offering spaces for real-time interaction, sub-forums for discussing game strategies, and leaderboards to track the most popular games on the platform.
One of Metacade’s key philosophies is maximizing players’ benefits from engaging with the platform. That’s why it rewards anyone posting reviews, game-winning alpha, and other useful content with the MCADE token. Meanwhile, the Metagrant program allows users to have a direct say in the future of the GameFi industry.
Metagrants enable developers to submit game proposals and compete to win funding from the platform’s treasury. MCADE holders can also vote on their favorite ideas, and the winner gains support from the community to help get their idea off the ground. This process could be a game-changer for the industry, ensuring that the next generation of P2E titles aligns with what gamers really want to play.
Impressive incentives will also be a job board connecting users with Web3 gaming companies and an evolving decentralized, autonomous organization planned for next year. It’s easy to see why Metacade performed so well in presale. After raising $16.35m, Metacade investors are eagerly awaiting upcoming exchange listings, with the first Uniswap listing set to occur as soon as the 6th of April.
Metacade (MCADE) Price Prediction
Many analysts expect that MCADE will see exceptional demand once it hits exchanges. Consequently, Metacade price predictions for 2023 have been increasingly bullish. While it’ll go live at $0.022 per token, some experts have speculated that $0.25 could be possible by the end of the year - over 12x growth!
Some optimistic predictions even see Metacade reaching the $0.45-$0.65 area. If the $0.65 mark could be reached, investors jumping on board the Uniswap exchange listing at $0.022 could see returns of 3,150%!
Should You Invest in Metacade (MCADE) or Axie Infinity (AXS)?
In summary, Metacade seems like the better investment. There’s no denying that Axie Infinity has helped to popularize P2E and pioneered certain aspects of the space. But, issues surrounding volatile earnings and possible exploitation have suppressed AXS’s demand, leading to the aforementioned lackluster Axie Infinity price predictions.
In contrast, Metacade has identified the need for a P2E community space that puts users first. By creating a platform that will emphasize community engagement, support up-and-coming developers, and offers an all-in-one solution for all things GameFi, Metacade stands out as an exciting investment opportunity.
It’s also not too late to grab MCADE tokens before they explode, because the presale has been extended until the 31st of March, 2023. As mentioned, the token is expected to be listed on Uniswap around the 6th of April. Between the middle and end of April, MCADE plans also to list on Bitmart in April and MEXC in early May. Keep an eye on Metacade’s Twitter to be informed as soon as those dates become finalized.
You can buy Metacade here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
Contributors
