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The crypto bull run of 2020-21 was one of the largest ever. Coins like Solana, The Sandbox, and others all made quite a few millionaires with massive increases in valuations. By contrast, the recent downturn in the crypto market is the perfect time to identify which coins could have similarly explosive runs in 2023 and beyond.
Among these coins, Metacade (MCADE) could be one of 2023’s biggest winners. In fact, even a 50x jump isn’t impossible from current prices. The sections below will explain why.
What is Metacade?
Metacade is Web3’s first virtual arcade. It’s a community hub where users can access the latest, greatest GameFi and P2E projects with friends. Rather than giving gamers one game to play like most GameFi projects, Metacade is putting a whole range of different games in a single, easy-to-use platform. This ensures that everyone has something to enjoy in the Metacade.
Metacade also opens up new possibilities for making money in the crypto ecosystem. It will give users the ability to earn the project’s native token, MCADE, by posting engaging content, playing games, entering tournaments, staking, and more.
Metacade will even help bring together crypto job-seekers with employers and provide Metagrants to aspiring developers to help them build top-quality games for the community. When you put it all together, you get an ambitious project with an extremely large potential audience.
Could Metacade (MCADE) 50x in 2023?
Nothing is guaranteed, but Metacade could absolutely be 50x in 2023. To explain how that could happen, we need to look at some numbers.
MCADE has a total supply of 2 billion tokens. 1.4 billion tokens are currently being distributed to the community through the project’s presale. When the presale is finished, Metacade’s market cap is expected to be around $28 million.
That means to 50x in 2023, Metacade’s market cap needs to increase from $28 million to $1.4 billion. If you think that’s not a realistic valuation for a metaverse project with this level of ambition, then think again.
There have been loads of metaverse projects that have eclipsed a $2.5 billion market cap during the last bull run, including Decentraland, The Sandbox, and Axie Infinity. If Metacade emerges as one of the top-performing metaverse projects of the next cycle, then increasing 50x from current levels isn’t just possible – it’s the only reasonable thing to expect.
The only question that’s left is whether Metacade can become one of the top metaverse projects next cycle. Here are three reasons why it could in the next section.
Metacade will be more successful than other metaverse projects – here’s why
Something for Everyone
Most metaverse projects around right now only have a single game. Even if a lot of people enjoy playing that game, there are still plenty who won’t, which reduces the total potential audience of the project.
Metacade is different though. The platform is putting many GameFi and P2E games together in the same place. That way, if a gamer doesn’t enjoy one of the games they try, they’ll simply move on to the next one on the platform instead of leaving Metacade entirely. This keeps Metacade as something engaging that will keep attracting new users.
Metacade’s setup helps to keep people on the platform longer, which is great news for MCADE’s token valuation. Plus, even non-gamers will find something to do on Metacade, thanks to the platform’s job-search feature and money-making opportunities from staking, posting engaging content, and more.
Metacade is a highly community-centric project. The team chose not to take pre-seed funding from venture capitalists before opening up the MCADE presale to the community. This ensures that when the project succeeds, it will be the community that benefits most – not venture capital firms.
On top of that, the team has said that it plans on handing over key positions within the Metacade leadership hierarchy to the community as the project plans to transition into a DAO as it matures. This way users can vote on the future of the platform and make the future themselves. This should help to ensure that the community’s interests are always represented.
Plenty of Room for Growth
Metacade’s journey is just getting started which means that the gaming platform is just tapping into its potential. Since its market cap is lower than the top metaverse projects today, its price can increase at a much faster pace than the competition. This is something that many investors look at when deciding which project to back and it’s another factor that Metacade has going in its favour.
The Bottom Line: Is a 50x realistic for Metacade (MCADE)?
When you consider where Metacade is in its journey now and where the top metaverse projects peaked last market cycle, a 50x increase is absolutely realistic for MCADE.
Ultimately, only time will tell and nothing is guaranteed. But there’s no denying that Metacade is one of the most ambitious and promising metaverse projects of 2023.
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.