Savvy investors are constantly on the lookout for projects that can generate the highest returns, and with 2023 bringing much more positivity than the year before it, investors looking to buy cryptocurrency are reviewing the market for the best opportunities with more fervour than ever.
The crypto market has seen an explosion in the number of projects starting in recent years as more and more groups look to capitalize on the huge benefits that Web3 technology can bring to almost every industry. While this increased awareness is bullish for crypto, it makes the strongest projects harder to spot.
With so many experts coming to a consensus about the strength of newcomer Metacade’s ICO, savvy investors would do well to learn about the incredible investment potential it could provide.
Could Metacade help drive the next bull market?
Metacade has made a huge splash across the crypto world, with the recent release of the team’s detailed whitepaper creating a fierce level of interest in the project’s ICO. This performance has only served to intensify the lure of the project, given that it has raised an incredible $10.4m in just 16 weeks with no sign of slowing down.
It’s rare that a project can excite analysts so emphatically across the space, though the potential that Metacade provides investors aiming to get on board the GameFi revolution is difficult to understate. By offering gamers the ability to establish income streams alongside playing games, Metacade could unlock a significant chunk of the estimated 3 billion gamers across the world.
It’s becoming increasingly likely that the high potential of the Metacade project, along with the intense investor interest in its ICO, could even help drive the crypto market upwards. By providing extra channels of investment into the Web3 industry, enabled through the project’s features, Metacade’s extremely marketable story will almost certainly serve to expand the platform’s reach over time.
Just how high can the price of MCADE reach by 2025?
The utility of the MCADE token puts it in a strong position for investment. As the user numbers for the Metacade ecosystem likely increase over time, so too will the buying pressure on the MCADE token, which will translate into a higher level of price appreciation in the future.
There has also been significant praise given to design decisions made by the Metacade team in their approach to driving a high level of user retention alongside growth. It’s clearly being reflected in investor sentiment, and it should provide a solid core on which momentum can be built over time as technical releases go live and the flagship technical deliverables are released.
With an aggressive roadmap of releases starting this year, by 2025, we could easily see Metacade at the levels seen by other GameFi projects. Axie Infinity reached a $10 billion market cap in 2021 and should Metacade surge past this figure, the investor-friendly tokenomics would result in a token price of upwards of $5 per MCADE.
What is Metacade?
Metacade is an innovative project that has set itself lofty ambitions — to build the biggest play-to-earn (P2E) arcade in the world. In doing so, the project will set itself apart from the vast majority of GameFi projects out there already, by not only focusing on a huge library of games rather than a single experience but also catering to a wide range of different play styles.
With gamers able to play casually or more competitively and still earn rewards, Metacade looks set to reach a huge number of gamers, and this huge total addressable market (TAM) is yet another of the reasons why investors are so excited.
The rewards system also features a number of compelling design decisions, perhaps most prominently, the ability to earn rewards for non-gaming activities, provided they contribute to the overall user experience of the Metacade ecosystem. This means that for writing game reviews, sharing alpha or engaging with the community, users can earn rewards and capture loyalty in the process.
How does MCADE work?
The Metacade ecosystem makes use of a utility token known as MCADE, which powers all of the rewards system as well as being the effective currency of the platform. This high level of utilization is seen as a big positive to investors, given that utility should equate to a high level of token demand.
The token provides staking opportunities for investors, allowing them to earn a passive income in return for staking their tokens. With staking rewards paid out in stablecoins to avoid diluting the circulating supply of MCADE, many are speculating that the uptake of this feature is likely to be high.
Metacade also boasts the Metagrants program, which allows game developers of all stripes to pitch their game prototypes and ideas to the Metacade community. As well as receiving vital feedback to aid the development process, game developers can also be chosen through the governance rights granted to MCADE holders to receive funding from the Metacade treasury, giving gamers a huge say in the future direction of the gaming library.
Metacade looks as though it could be set to win
Metacade is clearly a rare investment opportunity in light of the high potential that the project presents, alongside the highly discounted prices of MCADE available in the project’s ICO. While the presale is unlikely to remain at its current price for much longer, given the ferocious activity seen thus far, those savvy investors wanting to buy cryptocurrency who are able to secure their MCADE holdings soon may be well placed to see astronomical profits over the coming years.
You can participate in the Metacade presale here.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
