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Crypto markets continue to see an improvement in performance across the board as 2023 recovers from the 2022 bear market. Additionally, the Solana price shows a bullish sentiment with healthy gains in recent weeks, re-establishing the platform in the top 10 cryptocurrencies by market cap.
Meanwhile, GameFi newcomer MCADE enjoyed a successful initial listing on leading crypto exchange Uniswap at the beginning of April and Bitmart more recently on 20 April, with MEXC due in May, analysts examine which crypto is the best investment in 2023.
What is Metacade?
Metacade is a groundbreaking project in the GameFi sphere aiming to become the go-to destination for gaming enthusiasts with the world’s most comprehensive range of play-to-earn (P2E) titles hosted in its virtual arcade. By offering a wide selection of games, Metacade seeks to appeal to the broadest possible range of gaming interests and maximize its total addressable market (TAM), pushing the platform to reach the most extensive potential user base.
Alongside Metacade’s unrivaled P2E mechanics and rich gameplay experience, the platform actively encourages and incentivizes users to participate in community building by offering rewards for interacting with the hub, for example, by posting social content such as game reviews or participating in chat sessions. This community-led ethos is a crucial factor of Metacade’s master plan to push the art of the possible within the GameFi sector. Not only will users benefit from the extensive token utility, but there is also the planned transition toward full governance rights in 2024, when Metacade will become a wholly decentralized autonomous organization (DAO).
How does Metacade work?
The native MCADE token powers Metacade’s entire ecosystem, from providing the medium of exchange for all transactions on the platform, such as buying merchandise or playing pay-to-play games, to powering the extensive rewards system. In addition, users can stake their MCADE, earning passive income in return for assisting with the platform’s maintenance and development. However, the current staking pool is closed, having rapidly reached 250 million MACDE.
MCADE also supports Metagrants. Developers can pitch ideas directly to the MCADE community, with projects eligible for funding awards. Submitted titles are entered into a pool, and the community then votes on which titles they want to see promoted. Then Metacade’s central treasury awards them a crypto grant to help develop their real-world game.
One of the many parts of Metacade’s devolution of voting rights to the community members as part of becoming a DAO is that Metacade’s game library benefits from the evolution of original, ground-breaking games because users feel involved in decision-making. As a result, Metacade anticipates unprecedented levels of user retention and exposure to an ever-growing user base, thus increasing demand for the MCADE token and making it an excellent investment.
Solana price prediction 2023
The early impact of more bullish market conditions has provided the Solana price with a much-needed boost. The current trading price of $24.60 has shown an increase of nearly 150% from the beginning of 2023. However, this remains more than 90% lower than the all-time high (ATH) Solana price of $259.96 achieved at 2021’s bull market run.
While Solana has high hopes that its range of NFT drops later this year, including Baby Almighty Alpacas, Majestic Kitsune, and Duckz Wit Attitude, will increase Solana’s potential user base outside of their blockchain offering.
However, skeptics are still determining the impact that NFTs will have on an already saturated market, despite the backing of an existing top-10 crypto player. To that end, most Solana price predictions for 2023 remain sluggish overall, with forecasts of around $30 by the end of 2023 for this well-established crypto asset.
MCADE price prediction 2023
Predictions for what’s possible with Metacade this year are far more bullish, with investor confidence driven by several factors. Firstly the pace at which the Metacade presale sold out, raising $16.4 million, outstripped expectations, and with the successful listing on Uniswap at $0.022, significantly higher than the presale launch price of $0.008. The only way is up for MCADE, this exciting coin.
With two other listings forthcoming, and the exciting rollout of new features soon, some forecasts suggest MCADE could break the $0.50 barrier before year’s end.
MCADE vs. SOL: Which is the better crypto investment?
Existing holders of Solana’s SOL coin will revel in the heady gains already made this year. Some forecasts are, however, that the Solana price has already ridden the crest of a wave, with only moderate increases anticipated in 2023, although the NFT drops are planned for later in the year.
Meanwhile, forecasts for MCADE show that the new GameFi token has a considerable edge over Solana as one of the best crypto investments this year, given the early stage of this high-potential project. With enormous growth expected in the GameFi sector over the next five years, Metacade has set its stall to become one of the market’s leading lights.
You can find out how to buy MCADE here.
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