Bitcoin News Promising in Early 2023. Can Metacade Rise on Bitcoin's Good News?

Bullish Bitcoin news often produces green candles across the crypto market, and the beginning of 2023 has been no different. However, play-to-earn (P2E) platforms are starting to take center stage, and this sector could be home to all of the biggest gainers over the coming years.

One of the best P2E projects to invest in right now is Metacade. It is a brand-new P2E platform that recently launched its presale event. Could Metacade (MCADE) be the best P2E project on the market right now?

Positive Bitcoin news sways crypto market, with P2E tokens like MCADE primed for success

The beginning of 2023 started with positive Bitcoin news; the price of BTC rose a total of 30%. BTC posted its highest percentage gain in a single week since the start of 2021, leaving many investors to question whether the bottom of the bear market has now been found.

Even after a rough 2022, with crypto scandals making headlines, the market has been rising across the board. Many major (P2E) crypto gaming platforms rose almost 100% in the first few weeks of 2023. The positive trend was underscored by the increase in the price of Bitcoin.

Metacade, a fast-developing P2E metaverse, is flying through its crypto presale with the first 4 stages already sold out. Metacade’s P2E platform raised $5 million in the first ten weeks since it launched, and has gone on to raise $6.3m, which is a major signal of the bullish price action on the horizon for the new P2E pioneer.

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalization and the first digital currency to utilize blockchain technology. The Bitcoin blockchain uses a proof-of-work (PoW) consensus mechanism, which involves special hardware that solves a complex mathematical problem to mine blocks and validates financial transactions.

A key element of the Bitcoin PoW consensus mechanism is its 4-year halving cycle, where the number of BTC mined in each block is cut in half at regular intervals. Historically, after every 4-year halving event, Bitcoin news has become unwaveringly bullish. This trend has often kickstarted a bull market for the entirety of Web3.

Can BTC reach $30,000 in 2023?

According to Bitcoin news, BTC’s next halving event will take place in early 2024. Experts are suggesting that 2023 is likely to see a long-term trend reversal as BTC shapes up towards new bullish action in 2024 and beyond.

The recent rally from BTC may be the beginning of this trend reversal. However, BTC remains far below key moving averages on the weekly timeframe, despite the bullish Bitcoin news about its recent movements. The Bitcoin price prediction forecasts BTC to hold support above $21,000 and to go on to attack key resistance at the $30,000 price level at some point during the year.

What is Metacade?

Metacade is the first community-driven arcade and the largest collection of P2E arcade games that can be found on the blockchain. The platform will offer a vast range of earning opportunities, going beyond the metaverse arcade and into a social hub that will contain all the latest information about P2E gaming.

By providing a central location for users to socialize, learn, earn, and play some of the most addictive arcade games that can be found on the blockchain, Metacade is well-positioned to drive progress for the P2E revolution over the coming years.

How does MCADE work?

The metaverse arcade will offer both casual and competitive gameplay to its community, including a vast selection of P2E games. Metacade will also host paid entry tournaments on the platform, where P2E gamers can go head-to-head for the chance to win major prizes paid in MCADE tokens.

Metacade is entirely community-driven, and the project has introduced a novel incentive structure to drive community involvement on the platform. The Create2Earn feature will reward content creators in the social hub for posting game reviews, sharing alpha, and interacting with other users directly.

As well as this, Metacade will create jobs for crypto enthusiasts through its Work2Earn mechanic, which takes the earning opportunities for users beyond the Metacade platform. Users can apply to part-time roles, land paid gigs, and also find open full-time positions with other Web3 and GameFi projects from 2024 onwards.

Can MCADE reach $1 in 2023?

The MCADE presale has been a major success so far, as the project has sold out of its opening rounds at record speed. Given positive market sentiment based on Bitcoin news, among other factors, Metacade looks ready to explode after the presale, with early forecasts suggesting that the MCADE price could reach $1 by the end of 2023 – a 50x rise from the end of the presale.

Can MCADE beat BTC price action?

While recent bullish Bitcoin news has improved sentiment across the crypto market, the BTC token itself is unlikely to outperform MCADE during 2023 and beyond. While BTC is expected to form new all-time highs over the coming years, Metacade is still in its earliest stage of investment.

The price of Metacade could be explosive after the upcoming Bitcoin halving event, with the new P2E platform expected to become a leading name in the GameFi sector. Considering how well the GameFi industry is doing, increases in value could become independent of Bitcoin news. Ultimately, the MCADE presale could turn out to be the best investment opportunity of the year, so investors are incentivized to be quick in order to buy MCADE at the best price possible.

You can participate in the Metacade presale here.

Disclaimer

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.