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Having a balanced and diverse crypto portfolio is one way for investors to insulate themselves to some extent against the natural volatility experienced within crypto markets. Some experts advise that diversification in a balanced portfolio can give some edge because although some investments may disappoint, others could do surprisingly well.
Crypto investors have been keenly watching the progress of GameFi starlet Metacade since its outstanding presale performance raised $16.35 million. With the successful listing of its native MCADE token on the popular Uniswap decentralized exchange and an exciting new partnership with Metastudio just announced, MCADE is an excellent crypto investment for anyone looking for a diverse crypto portfolio.
What is Metacade?
Metacade aims to lead in the burgeoning growth of the GameFi sector by building the world’s largest play-to-earn (P2E) virtual gaming arcade, allowing players to earn income while indulging in their hobby, gaming. The project’s transparent and fully-certified approach (see Certik) caters to a vast range of gaming interests, expanding Metacade’s total addressable market (TAM) by building the most comprehensive and wide-ranging library of titles to ensure it appeals to the broadest audience.
As Metacade’s technical releases roll out, the platform will likely gain mainstream recognition and attract a vast user base, all of whom will need the MCADE token to access the exciting features on the platform. The comprehensive token utility has made MCADE a popular crypto purchase for those looking to lock in potentially exciting returns with this developing project. Metacade's whitepaper has been praised by many in the know for its in-depth plans and its ability to showcase the project team's strategic decision-making capabilities. Not only are users able to earn passive income through the traditional Pay-to-Earn (P2E) mechanism, but they can also receive rewards from various other sources. For example, users can be rewarded for posting social content to various online platforms, such as Twitter, Instagram, and Facebook. These rewards add up and can result in a substantial passive income for those participating. The Metacade project team has created an innovative rewards system that encourages users to participate actively in the project. This rewards system is part of the team's commitment to creating a sustainable platform for users to earn passive income.
How does MCADE work?
Metacade’s native MCADE token provides the platform with its medium of exchange, enabling transactions such as buying merchandise and entering tournaments while powering the entire ecosystem, including the great rewards system. The total supply of tokens is limited to just 2 billion, suggesting that buying pressure will increase as more users join the platform, potentially leading to the price soaring quickly.
To complement the tremendous utility of the token, Metacade begins its transition toward becoming a fully-fledged governance token in the decentralized autonomous organization (DAO) during Q2, 2024, with its Metagrants program providing one of the critical parts of the gradual devolution of voting powers to the community membership.
Developers will be able to present their gaming concepts to the broader MCADE community and, in return, receive crypto funding as a Metagrant to support their ventures. Each submission goes into a pool voted on by the MCADE community. The ideas that receive the most votes receive a grant from the platform’s central treasury enabling the venture to go live. This pioneering scheme will help the platform grow its user-approved library of exciting titles, driving user engagement and audience growth.
In addition, Metacade offers a token staking facility for MCADE coin holders (currently fully subscribed), offering passive income in return for their tokens being committed. This is another reason why many investors believe MCADE will augment any crypto portfolio and provide an excellent crypto investment option.
MCADE price prediction: Can MCADE reach $0.50?
Metacade looks well set to take the reins of the burgeoning GameFi sector, projected to outstrip traditional gaming in growth over the next five years. With its well-thought-out project plan and high levels of utility, Metacade looks like an excellent addition to any crypto portfolio.
MCADE has demonstrated its potential through its highly successful presale, which launched at $0.008 and sold out rapidly. It recently launched on Uniswap at $0.022 and with imminent releases on two other exchanges – Bitmart later in April and MEXC in early May - a surge in the price is likely to occur as demand for MCADE increases, and Metacade is exposed to an ever wider audience. By the end of the year, analysts predict MCADE could reach $0.50.
Is MCADE a good crypto investment?
Crypto investors increasingly recognize the benefits of holding a diverse and well-balanced crypto portfolio and seek exciting new projects to complement well-established crypto investments. The positivity generated during Metacade’s presale event has already spilled over into the early days of its Uniswap listing. With its pioneering plans to deliver exciting innovation to the GameFi sector and broader Web3 market looking set to propel MCADE to the forefront of investors’ minds, MCADE is one of the most enticing crypto investments of the 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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