Metacade Releases on Multiple Exchanges as ApeCoin Price Enjoys Rally. Which Token is the Better Investment?
ApeCoin is home to one of the most valuable NFTs, with the Bored Ape Yacht Club (BAYC) continuing to attract fans and be one of the most sought-after meme coins. After a recent slump, ApeCoin’s price has surged in recent weeks. While this price action is impressive, the new crypto gaming platform Metacade is going from strength to strength after selling out its presale, snowballing now that it has hit decentralized exchanges (DEX).
Metacade thrives after Uniswap listing.
After the presale event sold out of its total token allocation, raising $16.4 million, Metacade listed its native MCADE token on leading DEX Uniswap in the first week of April and the CEX Bitmart on the 20th of April. MCADE’s momentum continues; investors who reserved their tokens during the presale round for between $0.008 and $0.02 have seen excellent returns during the early stages of its public listing.
Meanwhile, Metacade recently announced an exciting partnership with MetaStudio, an innovative team of developers with extensive experience. More good news for the new MCADE token was that CoinMarketCap listed it within hours of the presale concluding. All of this positivity underlines the platform’s potential to become one of the leading crypto opportunities of 2023, with potentially vast returns on the horizon.
ApeCoin price rallies after setbacks
APE, the native token of ApeCoin, suffered losses in early 2023 after community members voted against releasing two new NFT collections. Yuga Labs wanted to capitalize on the overwhelming success of its Bored Ape Yacht Cat (BAYC) with the release of the ApeCoin Armory Club and ApeCoin Pet Club. Members voted decisively against the proposals, with more than 83% of the community voting against them.
In addition, a recent release of 7.3 million APE tokens caused a 10% drop in the ApeCoin price, while a further 15.6 million tokens are due to drop in mid-April, dropping even more tokens onto the market. However, there is some good news for those that hold ApeCoin coins with the news that the ApeCoin price has recovered from dropping below $4 at the end of March to its current value above $4.50.
ApeCoin (APE) price prediction 2023
All signs point to the ApeCoin price beginning to move after being stuck in the $4 to $4.20 range for several weeks. Many believe this is the beginning of a return to bullish price action for APE, with $8 achievable this year.
Even the more pessimistic ApeCoin price predictions that see the token struggling to surpass $7 would return plenty for ApeCoin investors. Even then, these gains could be dwarfed by those possible with crypto gaming newbie Metacade. Here’s why.
What is Metacade?
Metacade is a ground-breaking new play-to-earn (P2E) crypto gaming platform developed to provide gaming fans, crypto enthusiasts, and developers with a thriving community to hang out and collaborate. Blockchain technology will set the standard of what’s possible for future crypto-gaming platforms, particularly with its multi-faceted and comprehensive rewards system that goes beyond the usual GameFi norm of P2E.
For example, the Create2Earn scheme rewards users for contributions to community building. Each time a user posts a piece of social content such as game reviews, alpha, or contributions to live chats and Reddit-style sub-forums.
As well as giving crypto gaming enthusiasts the wherewithal to make the most of their gaming experience, thus maximizing the platform’s total addressable market (TAM), Metacade looks set to drive innovation in the wider GameFi sector with the introduction of the pioneering Metagrants scheme.
Developers can submit their concepts to create new P2E games exclusively for Metacade in return for crypto funding to support their ventures. Each submission goes into a pool, which the MCADE community votes on, with the most popular ideas receiving funding from the central treasury to support the development journey.
This community-led approach will likely drive user retention and engage an ever-growing number of new users to the platform, and form a vital part of the platform’s devolution to becoming a decentralized autonomous organization, which will empower users to take control of Metacade’s future direction and create the platform they want to use.
How high can Metacade (MCADE) go?
After launching at $0.008 during the beta phase of the presale event, MCADE launched at the beginning of April on Uniswap at $0.022. With other listings to come in the coming weeks and months likely to increase buying pressure on MCADE, that could push the price to $0.50 by the end of the year, depending on the broader economic outlook. This would represent gains of more than 20x for those that purchased their MCADE tokens on the exchanges early.
Is MCADE a good investment?
Metacade has the potential to be a strong investment opportunity in isolation, given the platform’s many merits that look likely to push the price forward, particularly with the impending releases on Bitmart and MEXC in the next few weeks and the announcement of the partnership with MetaStudio.
Compared with returns available for buying ApeCoin, which looks to be about to crest the wave of bullish performance, MCADE still looks like the better investment opportunity as it intends to promote innovation in the crypto gaming market over the coming months and years.
You can find more information, including how to buy MCADE, here.