The first two weeks of 2023 saw promising price action for the rest of the year, as Bitcoin rose 40% and brought much of the market with it. Axie Infinity rose 75%, while Decentraland skyrocketed 169%.
With the bullish price action of Axie Infinity and Decentraland, GameFi looks ready to explode once again. But could Metacade, a brand-new GameFi platform, post higher gains than Axie Infinity and Decentraland over the coming years?
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The explosive growth of GameFi
Major GameFi projects such as Axie Infinity and Decentraland have been some of the best-performing investments in recent years. In 2021 alone, Axie Infinity skyrocketed 300x while Decentraland rose 200x between 2020 and 2021.
Both Decentraland and Axie Infinity have something in common. They combine play-to-earn mechanics with fun and addictive gameplay and help to drive the expansion of GameFi across the world.
GameFi is still a new movement, but it has the potential to revolutionize the global gaming industry due to its unique capabilities. Legacy titles cannot match GameFi’s user experience, self-owned customizable, and integrated financial rewards. This has led the GameFi sector to a multi-billion-dollar valuation in just a few years.
Early-2023 rally: Bullish news across the board
At the beginning of 2023, the cryptocurrency market and major GameFi projects, including Axie Infinity and Decentraland, rose. After this bullish price action, investors have begun to explore the best areas of blockchain to invest in, and GameFi may well be the best option yet again.
A brand-new GameFi platform called Metacade completely sold out the first three stages of its presale, plus its beta stage. This happened in just 10 weeks, with $5 million being raised to fund the development of the largest GameFi arcade on the blockchain. The platform has since gone on to raise <#AMOUNT>.
Metacade is showing signs of huge future price action, and experts are now suggesting that MCADE could be the next 100x gem in the GameFi sector. With Axie Infinity and Decentraland now suffering from the law of diminishing returns, the MCADE token presale could be the best option for making major GameFi gains in the coming years.
Can MCADE reach $5 in 2025?
After the presale, the MCADE token will be launched on exchanges, and the metaverse arcade will begin to support a growing community of GameFi players. This is expected to cause buy pressure for the MCADE token, which could reach up to $1 in 2023 alone – a 50x rise from the end of the presale.
Beyond 2023, MCADE could start to take off. The project will be in full swing, and all the project’s major features will be fully developed by 2024. That year will also contain the next Bitcoin halving event when a long-term bull market is expected for all cryptocurrencies.
By 2025, the MCADE token could reach up to $7, a massive 350x run from the end of the presale. Metacade has the potential to support a large number of users over time, as the platform offers a comprehensive GameFi experience alongside the vast earning potential for its community.
What is Metacade?
Metacade is the first community-driven arcade. The platform will combine a vast selection of arcade games with play-to-earn mechanics and offer a central location for Web3 users to get together, share alpha, and access a suite of DeFi features.
The project will be a Web3 social hub and the largest blockchain arcade. Since Metacade is community-driven, the platform plans to become a DAO from 2024 onwards, handing full control over to its community to drive progress in GameFi.
3 reasons to invest in Metacade
- The Metacade’s range of arcade games will offer both casual and competitive gameplay, with all experiences in the metaverse arcade containing integrated financial rewards for players.
- In the social hub, Metacade is taking earning mechanics one step further. Users can also earn through the Create2Earn mechanic, which rewards users for contributing to the community by posting game reviews, sharing insights, and interacting with other members.
- Metacade will also create new jobs for GameFi enthusiasts through its Work2Earn feature. This will connect blockchain users with paid opportunities at some of Metacade’s partner projects and can include both part-time and full-time positions.
Metacade: Changing the game
In addition to offering a vast selection of play-to-earn games, incentives for content creators, and new jobs for crypto users, Metacade will directly fund the next wave of GameFi innovation – making it a true game-changer.
The Metagrants program will allow the community to vote for the best new arcade games before Metacade provides funding to the developers to help bring them into the Metacade. This ensures that the most in-demand titles go from idea to reality, with the Metacade community being the first to play.
Is MCADE worth buying?
The MCADE token presale could be one of the best investment opportunities of 2023. Metacade could rival Axie Infinity and Decentraland at the top of the GameFi rankings within the next few years, which gives it over 100x potential for returns.
For now, MCADE is worth just $0.014 per token. Over the presale, this price level will rise to $0.02, giving investors a limited time to get involved at the best possible price. GameFi looks ready to reach the next level, and projects like Metacade, Axie Infinity, and Decentraland are primed to make it happen.
You can participate in the Metacade presale here.
Source: https://invezz.com/news/2023/02/16/investors-gaining-confidence-in-crypto-again-3-reasons-you-should-invest-in-gamefi-arcade-metacade/