The improvement in crypto markets seen in the early months of 2023 continues to impact forecasts across the board, with Solana price predictions for April among those to show bullish sentiment. While some of the most established cryptocurrencies look set to enjoy a profitable 2023, investors are also excited by the appearance of a new name on the exchanges in the shape of Metacade and its MCADE token.
After selling out its presale within the allocated time and raising $16.35m, MCADE has already debuted on leading DEX Uniswap, with imminent releases planned for renowned CEX Bitmart. Metacade’s trajectory is moving upwards; here’s why it is one of the most exciting crypto coins to buy in 2023.
What is Metacade?
Metacade aims to revolutionize the GameFi landscape by building the world's largest play-to-earn (P2E) virtual arcade, allowing players to generate income while indulging their passion for gaming. The project’s underlying approach appeals to a vast range of blockchain gaming enthusiasts allowing Metacade to expand its total addressable market (TAM) and build the most comprehensive library of titles to appeal to the broadest array of players.
As the project’s releases begin to roll out and hit public consciousness, Metacade is set to attract a vast global user base, all of whom will need the MCADE token to access pay-to-play games, merchandise, and various special features. This excellent token utility is making MCADE a very popular investment choice for investors across the board who are looking to maximize profits as the project develops and an ever-greater number of gamers move across from traditional gaming to GameFi titles.
Metacade’s recent whitepaper outlines the platform’s plans to build one of the best self-sufficient ecosystems in the GameFi sector and has gained plenty of praise from crypto experts. The plans showcase Metacade’s experienced and talented project team's shrewd strategic direction, such as the platform’s comprehensive rewards mechanisms that go beyond the traditional P2E mechanics to encompass several other earning streams.
For instance, the Create2Earn scheme allows users to gain crypto rewards for each piece of social content they post to the hub, from game reviews to sharing alpha, from passing on tips and tricks to participating in online forums and live chats.
With opportunities for unprecedented user retention levels for a GameFi project and the extraordinarily high levels of utility built into the MCADE token, many believe it is one of the most attractive investment opportunities as it hits the Uniswap exchange.
How does MCADE work?
MCADE is set to be the medium of exchange within the ecosystem, facilitating transactions from buying merch to entering tournaments and powering the comprehensive rewards system. Indeed, the token is critical in underpinning the functionality of the entire Metacade undertaking. With a total supply limited to just 2 billion tokens, buying pressure will likely grow as more users flock to the platform.
MCADE also provides the roots of one of Metacade’s most significant selling points, its pioneering Metagrants scheme. Designed to aid the development of new and exclusive game titles for the platform, developers can submit applications to a pool outlining their ideas for new P2E games. The MCADE community votes for their favorite games, which become eligible for crypto funding from the central treasury, supporting developers in their journey to bring ideas to fruition.
These voting rights are part of Metacade’s eventual transition to becoming a fully-fledged DAO, by which time MCADE will become a full governance token. In addition, MCADE is stakeable on the platform allowing users to earn income in MCADE tokens in exchange for committing their tokens.
Solana (SOL) price prediction 2023
The early impact of improved market conditions in 2023 has undoubtedly boosted the Solana price predictions for the year ahead. Currently trading at $20.49, the price has risen by 105% since the beginning of the year, showing a remarkable upward trend, even considering the more bullish market trends in 2023.
Later this year, Solana plans a range of NFT drops, including Baby Almighty Alpacas, Duckz Wit Attitude, and Majestic Kitsune, which they hope will open their products to a brand new fanbase and audience outside of their traditional blockchain user base.
If successful, this could have an even more significant impact on Solana price predictions for 2023 which are already bullish in April, forecasting the price of SOL to rise by a further 75% to beyond $35. While still well short of its all-time high of $259.96, this represents bullish returns for SOL coin holders this year.
Make MCADE your new crypto investment this year
With Metacade launched on Uniswap and further exchange listings due imminently, the current value looks likely to rise very quickly, not only because of broader bullish market performance – although that is undeniably in MCADE’s favor – but because of the rich, innovative project plan and features that look set to propel Metacade to the forefront of the GameFi revolution.
Metacade just recently announced a partnership with gaming company MetaStudio, who plan to be among the first studios to publish on the platform. MetaStudio is responsible for working on titles directly connected to Hollywood giants such as Pirates of the Caribbean, and their presence will only serve to further add to MCADE’s performance.
With several feature releases planned throughout the rest of 2023 and into 2024, investors can expect more upward pressure on the MCADE price, mainly as public awareness grows and the platform enjoys increased user numbers. This all comes together to make MCADE one of the best gaming crypto choices to add to your portfolio this year.
You can buy Metacade here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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