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Can Metacade (MCADE) 50x Its Price By 2023?

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Can Metacade (MCADE) 50x Its Price By 2023?

Metacade (MCADE) is an up-and-coming DeFi gaming platform with an all-in-one-place community hub for all things DeFi gaming. The utility and governance token for the platform, the MCADE token is now on presale. While we’ve seen other Web3 projects have outstanding gains, the question remains – will MCADE 50x its sale price by 2023?

At the moment, the Metacade team is rounding out Q4 2022 with a presale launch of the Metacade token. Officially, the token will debut in Q1 2023 with a token launch, centralized exchange listings on CoinGecko and CoinMarketCap, and a DEX token listing on Uniswap.

This article will give you some key info about the Metacade platform and its MCADE token. After that we’ll look at some ideas about the Metacade token’s price possibilities.

 

What Is Metacade?

Metacade is billing itself as “the ultimate Web3 community hub where gamers and crypto fanatics can communicate and collaborate with each other”. Simply put, this new 2023 DeFi project’s vision is to build “the world’s first community-developed play-to-earn crypto arcade.”

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While some Web3 and crypto projects are focused on a single game, Metacade plans to be a whole online arcade. This means that it has a lot more to offer than other projects. It also means that Metacade is less likely to experience the enormous swings that come with single-point projects as the recent downturn showed us.

On the road to becoming a leading GameFi destination, Metacade will provide a place for game developers and players to come together to make something totally new. Likewise, members of the community will have a say in its governance via the native token, MCADE.

 

What Impact Is Metacade Having On The Industry?

Metacade is still in the presale launch phase of its exciting new blockchain-powered, DeFi gaming community hub. But it’s already shaking up the industry with lots of media coverage around the scale of its ambitions and the milestones along the way as the Metacade team moves forward through its roadmap.

Heading into Q4 2022, DeFi gaming crypto token Metacade has been featured so far by CoinTribune, FXStreet, Benzinga, MarketWatch, CoinJournal, Invezz, CryptoNews and Yahoo Finance.

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Will MCADE Reach 50x The Current Metacade Price by 2023?

An important question crypto investors and token traders may be pondering as the initial sale approaches in the first quarter of next year: will MCADE reach 50x its debut market price levels by the end of 2023?

In order to ascertain the likelihood of this scenario, you have to evaluate the likely cost basis for calculating the 50x multiple. In other words, what’s the likely debut price level for the Metacade token? From there, we can evaluate the probability that a 50x multiple of this price level will occur by the end of 2023 by making price projections 12 months out for the token with valid underlying assumptions.

So will MCADE reach that? During the ICO wave of 2018, the DeFi boom of 2020, and the NFT craze of 2021, many new projects with this level of ambition, organization, coordination, initiative, and interest from the crypto community delivered similar returns.

We can look at Axie Infinity as an example. As another Ethereum-based gaming token like MCADE, the project and its game token attracted millions of users from developing nations like Indonesia and the Philippines in a very short amount of time. As such, Axie soared over 48,380% in return on investment over its debut price levels in 2021. And as impressive as that is, Metacade will be more successful than Axie Infinity (AXS). Here’s why.

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Metacade has the momentum of its launch with it, and the second mover advantages of being a latecomer to the DeFi gaming scene in 2022-23.

Meanwhile, Axie Infinity is dealing with the headaches of incumbency as the platform struggles to retain users. It’s not merely the fact that the AXS token has lost nearly 90% of its value since the start of the year, plunging from $100 to ring in the new year, all the way down to the $10 level by October. The real troubling leading indicator for the AXS token price at the moment is the platform’s collapsing user numbers, according to The Bitcoinist.

The timing couldn’t be worse for the coin, which has an upcoming $233 million worth of AXS tokens due to be unlocked on October 25th. That’s nearly 8% of all AXS tokens and could portend enormous selling pressure for the gaming token.

 

Is Metacade a long-term investment?

The question remains, is Metacade a trade with a year-long timeframe for an exit strategy? Or are we looking at value for a buy-and-hold investment by making an entry early before the subsequent big macro influx of capital thaws out the crypto winter?

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That would depend on the risk-and-reward appetite, as well as the timeframe for the investor. It will also require an active investor who is willing to invest in what they know, use the platform and keep an eye on community health and engagement.

If the platform’s active monthly user statistics at the year mark promise sustainable growth, Metacade could be a long-term investment.

You can participate in the Metacade pre-sale here.

The post Can Metacade (MCADE) 50x its Price by 2023? appeared first on Analytics Insight.

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