Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
If you’ve been operating in cryptocurrency markets for any length of time, you don’t need us to explain that it’s becoming more saturated by the day. For all of the original ideas that launch, hundreds of copycats are spawned – and it’s no easy feat to filter the gold from the sand.
Today we’re going to explore Ethereum Classic, and whether it might have already had its day, but we’ll also look at a new investment opportunity called Metacade – which could well shape up to be the next big investment opportunity in 2023.
Ethereum vs Ethereum Classic
One thing that a lot of investors have in common is that they don’t always do the proper market research required to know and understand what they’re looking at. This is true for any investment field but seems especially true when it comes to cryptocurrency. You need to ensure you are accurately calculating the risk for any investment opportunity.
Ethereum (ETH) is one of the most recognizable cryptocurrencies and is the second largest in terms of market cap. Although they have similar names, Ethereum (ETH) is a separate entity from Ethereum Classic (ETC). As such Ethereum and Ethereum Classic are two separate assets and investment opportunities – but what makes them different?
Ethereum Classic (ETC)
Ethereum Classic is identical to the initial Ethereum network created in 2015. In fact, the current version of Ethereum (ETH) isn’t wildly different from Ethereum Classic. However, due to a hack, and a subsequent theft that occurred in the blockchain, the coin split – and the two are now independent.
The trademark was then patented to this updated version now known as Ethereum, and the older network continued to operate but under the new name of Ethereum Classic. Today Ethereum (ETH) has a huge trade volume and sits in second place in the cryptocurrency leaderboards in terms of market volume. As an investment opportunity, it proved to be one of the best assets in the last decade.
In April 2020, Ethereum was trading at around $150. Eighteen months later in November 2021, during the bull run, the price exceeded $4,000, an absolutely staggering figure. However, it has since fallen below that, and trades today at a far smaller price. The same applies to Ethereum Classic. During the bull run, it peaked at over $120. Today, Ethereum Classic is trading at around $23 and doesn’t quite meet the criteria for a strong investment opportunity.
This is because more people are familiar with, and accordingly prefer the main Ethereum network, which has a far higher trade volume than Ethereum Classic.
What Is Metacade (MCADE)?
To get in early for a high-potential investment, this is where Metacade comes into play. For many of us, old-school arcade games hold a certain place in our hearts. However, games followed suit as the world went more and more digital and some of that initial magic was lost. However, Metacade is set to reignite that nostalgia and bring back the experience in an online space. While some cryptocurrency tokens will place emphasis on specific games and have a single in-game token you can mine, collect or use, Metacade works differently from the rest.
The idea behind Metacade is to put the power back into the hands of the gaming community. Metacade is setting out to be a community hub that focuses on crypto gaming. It’ll be a space for gamers, crypto investors, and Web3 enthusiasts to connect with each other and collaborate on projects. Additionally, Metacade will be a space where players can find P2E games and earn while playing.
On the Metacade platform, you’ll be able to browse the arcade floor to look at the multiple games on offer. You can also just hang around and play various types of different arcade games during that same session.
You’ll essentially be taking the arcade experience and immersing yourself in a digital replica, creating a wildly different experience from the online gaming experiences that people are so used to. We believe this project has enormous potential.
Why Metacade is a Good Investment
If you are looking for a different kind of investment opportunity, you can still find them in cryptocurrency. Granted, they are rarer than they were 7 or 8 years ago, however, this just means that you need to do more research and have a keen eye to determine which digital currencies signal a better investment than others.
Getting in on the ground floor is one of the best ways to ensure making money from any investment. You don’t want to start investing in something only after Elon Musk has tweeted about it or Bloomberg has done a special on it. If you wait that long, then the opportunity will have likely already passed by. So, when we say get in on the ground floor, we mean to invest before everyone else has piled on and before you’re seeing something pop up daily on social media.You can participate in the Metacade pre-sale here.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.