The founder and CEO of the Tron crypto network was summoned by US courts as the Securities and Exchange Commission (SEC) continues its crackdown on crypto. Meanwhile, Metacade (MCADE) has launched on leading digital asset exchanges and may outperform TRX over the coming months and years.
The Tron price prediction looks underwhelming due to some new bearish sentiment. Could Metacade’s recent momentum make it the better investment right now?
Metacade continues to expand after a successful crypto presale
Metacade is fresh off the back of a crypto presale event in which $16.4m was raised across 8 fundraising stages. The project is a comprehensive GameFi platform and the first community-drive initiative of its kind.
The MCADE token has now launched on leading digital asset exchanges, UniSwap and Bitmart. Investors can purchase the token at the current price of $0.023 ahead of the launch of the Metaverse arcade later in 2023.
What is Metacade?
Metacade will become the largest arcade built on the Ethereum blockchain. It will contain a vast selection of games, each having integrated earning potential for players, with titles ranging from classics to brand-new developments made for Metacade.
The project also aims to become a central hub for the Web3 community. Metacade has introduced several ground-breaking earning mechanics beyond the game zone, which could serve investors, entrepreneurs, and gamers alike.
How does MCADE work?
The MCADE token is used to pay rewards in the Metaverse arcade. Players will earn cryptocurrency while progressing through many levels in some of the blockchain’s most addictive games. They can also join paid entry tournaments to compete for prizes.
Metacade will also bring a range of DeFi services onto the platform for token holders. MCADE investors can stake their tokens directly and start earning a passive return (SOLD OUT) and will also gain voting privileges in the project’s governance proposals.
The community hub is designed to encourage information-sharing between the community. Content creators can post game reviews and share the latest information about blockchain gaming to earn MCADE token rewards for their contributions to the platform.
Metacade is also introducing a Work2Earn feature that will advertise open positions at major Web3 companies. Roles will range from full-time to part-time and can even include short-term gigs such as testing out the beta version of new play-to-earn games before they are officially released.
Can MCADE reach $1 in 2023?
While the Tron price prediction suffers from the SEC crackdown, new projects such as Metacade continue to develop. The MCADE utility token has built up plenty of momentum following a $16.4m fundraising event, and its deflationary tokenomics mean that future price action looks promising.
Experts suggest that MCADE could reach $2 during the next crypto bull market, which is forecast to unfold in 2024-2025. This would be a 900% gain from the end of the crypto presale, which saw the price of MCADE rise from $0.008 to $0.02 during its course.
Justin Sun summoned by US Court: Tron price prediction takes a tumble
The founder and CEO of the Tron crypto network, Justin Sun, has been charged by the Securities and Exchange Commission (SEC) over the “unregistered offer and sale, manipulative trading, and unlawful touting” of the Tron crypto token.
The Tron price prediction has suffered since its 2021 highs, and the latest developments regarding Sun may harm price action even further. This is the most recent example of the SEC going after blockchain projects supposedly to protect investors from fraudulent activity.
What are the Tron crypto network and the TRX token?
The native Tron cryptocurrency is TRX, which powers a decentralized blockchain-based platform that enables digital content to be shared globally. The Tron crypto network is known for offering fast transaction speeds and low fees, as well as a range of features to foster community engagement and content creation.
Some of the platform's notable features include the ability to create and publish content, earn rewards for contributing to the platform, and enable users to engage with content creators directly. Tron has positioned itself as a leading platform for the global sharing economy, offering a fast, secure, and user-friendly alternative to traditional content-sharing models.
Tron price prediction: Can the native Tron crypto (TRX) reach $0.10?
TRX reached its all-time high at the $0.18 price level during the 2021 bull market. Since then, it has lost over 60% of its value and has struggled to break through key resistance levels during the 2023 rally.
The Tron price prediction may suffer further from the recent developments regarding Justin Sun and the SEC. The Tron price prediction for 2023 forecasts a downturn for the TRX token, placing its valuation at $0.45 before the end of the year.
Metacade vs. Tron price prediction: Which token is worth buying?
Although the Tron crypto network continues to be a popular blockchain payment system due to its fast transactions and cheap fees, the value of the TRX token looks ready to fall. For investors, new projects such as Metacade may provide greater long-term returns.
The MCADE utility token represents a growing platform at the forefront of a new area of blockchain. GameFi can revolutionize the gaming industry, and Metacade’s unique offering within the field gives it significant potential for the future. More information about how to invest in Metacade can be found on the project’s website.
You can find out more including info on how to 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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