With 2023 dawning, investors are turning their attention to the future and looking for cryptocurrencies that could provide handsome returns over the coming 12 months. Cardano continues to attract interest as it seeks to challenge Ethereum as the world’s leading blockchain provider. However, it has been overshadowed in recent weeks by a new kid on the crypto block, Metacade, which has outperformed expectations during its presale. This article addresses:
- What are Cardano and Metacade?
- What does 2023 have in store for the Cardano price prediction?
- Why are investors flocking to Metacade?
What is Metacade?
Metacade is a brand new blockchain-based virtual gaming arcade. It is set to offer the most comprehensive array of Web3-developed play-to-earn (P2E) titles in the metaverse while building a thriving community for gaming fans and developers to collaborate on providing the best GameFi experience.
Gamers are rewarded as they progress through games with crypto rewards while also having the opportunity to earn through sharing social content with the community. Examples include posting gaming reviews and sharing tips on progressing through games. Other earning options include playing in tournaments and using the platform’s job board to find exciting career opportunities in the Web3 space.
The ultimate goal for Metacade is to transition into a fully-fledged decentralized autonomous organization by Q4 of 2024. By this point, complete control of the platform and its assets will have been transferred to community members.
How does Metacade work?
Metacade utilizes several revenue schemes to fund the platform’s earning streams and continued development. Funds are raised through internal sources, through tokens staked by users to enter tournaments, prize draws, and external routes. These include advertising on the platform, selling space via the platform’s launchpad to external companies wanting to release games on Metacade, and selling space for Web3 and GameFi companies to list job vacancies.
These funds are also directed into the Metagrants scheme, which goes live in Q3 of 2023 and promotes GameFi innovation. Developers can submit applications for crypto funding to support the creation of new games. These submissions are voted upon by the community membership, ensuring only those titles members want to play become a reality. Q1 of 2024 will see the first Metagrant-backed titles going live.
What is Cardano?
Cardano is a blockchain provider that was established as a challenger to the superiority enjoyed by Ethereum. The platform offers a decentralized proof-of-stake (PoS) blockchain that acts faster and more cheaply than proof-of-work (PoW) offerings like Ethereum. In addition, there are environmental benefits to be gained by using Cardano.
Most commonly utilized as a platform for decentralized finance (DeFi) services, smart contracts, and decentralized apps (dApps), Cardano has received plaudits for its logical and thorough approach. This has helped Cardano gain a loyal user base and has helped to buoy Cardano’s price prediction.
New updates planned for 2023 include stablecoin DJED will only seek to boost Cardano’s reputation as a solid, reliable, and trustworthy blockchain provider.
Metacade (MCADE) price prediction
Finding excellent early investment opportunities is one of the secrets to successfully making gains in the crypto markets. With the GameFi sector set to grow exponentially in the next few years, Metacade is excellently placed to take full advantage of its robust roadmap and long-term potential.
Thousands have already jumped aboard the Metacade bandwagon, having purchased at the beta presale price of $0.008 and raising $1.3 million in three weeks. Early investment in this new project that promises to be at the vanguard of the GameFi revolution is essential to ensure maximum returns. The current price of $0.012 looks undervalued, with the sky the limit for MCADE once it hits DEXs following the conclusion of the presale. Predictions suggest MCADE could reach $1 in 2023 and as much as $5 by 2025.
Cardano (ADA) price prediction
The price of Cardano’s native coin ADA mimicked that of the majority of other cryptocurrencies losing around 80% of its value from its price at the beginning of January 2022 as a result of the market difficulties experienced across the board this year.
While the rollout of stablecoin DJED and new smart contract capability could improve ADA’s value, any increase between now and December 2023 will be driven by an overall upturn in crypto markets. If an early bullish market occurs this year, Cardano’s value will increase accordingly. Without that, the Cardano price predictions are that 2023 is set to be a year of consolidation for ADA.
Why do investors prefer Metacade (MCADE)?
Metacade has burst onto the metaverse gaming scene and has already established itself as a potential big player in the GameFi space. The attention it has attracted during its presale has exceeded expectations and caught the imagination of investors searching for the next big crypto coin.
This kind of noise is something that Cardano has been unable to generate. Seen as a steady and reliable blockchain provider, Cardano is percieved by many investors as a safe option that may produce gains if markets recover – a factor that Cardano’s price prediction reflects. Metacade looks undervalued in its presale. And with profits to be made as the price increases throughout each presale phase, MCADE could hit the ground running when it hits exchanges.
This excitement, allied with the continual growth of the GameFi industry and Metacade’s exciting roadmap, makes it a highly attractive investment for crypto fans heading into 2023.
You can purchase Cardano’s ADA tokens at eToro here.
You can participate in the Metacade presale here.