After the crypto bull market in late 2021, 2022 was a tough year for investors and crypto bear market conditions took effect earlier in the year and continued into 2023.
Currencies have lost massive amounts of value as markets try to weather the impact of the collapse of major crypto companies. Events such as Luna and FTX combined with worsening global economic conditions made a pessimistic outlook.
There seems to be more good news on the horizon; The crypto bear market is expected to end before the next Bitcoin halving event. This could bring about a crypto bull market situation by 2025. As crypto prices are currently at extremely low levels, long-term investors have a great chance of catching up. One of the projects with potential for the next crypto bull market could be the brand new blockchain gaming platform Metacade.
What is Metacade?
is a new GameFi community that aims to create the metaverse’s most comprehensive “play to win” (P2E: Pay-to-earn) games for global gaming enthusiasts. The platform will provide a place for like-minded gamers to meet each other, create a group where they can contribute while doing something they love and earn passive income together.
The substantial and realistic roadmap featured in the whitepaper aims to appeal to a wide audience, from casual gamers who want to hang out with their friends to seasoned gamers who want to participate in online tournaments and become world champions. Crypto rewards will be offered to all community members who contribute to completing missions, climbing the leaderboards, and even defeating their opponents in one-on-one duels.
Unlike many other GameFi platforms, the earning potential isn’t limited to just a single title or P2E capability. Metacade offers community members the opportunity to earn crypto rewards through three additional programs. These are Create2Earn (Create to win), Compete2Earn (Race to win) and Work2Earn (Work to win). Each app allows members to interact with the wider Metacade community and earn rewards accordingly.
How does it work?
The native MCADE coin is the foundation of the entire Metacade initiative. Revenue comes from both internal and external sources through various schemes. Community members can use MCADE tokens as part of the Compete2Earn program to participate in online tournaments and regular prize draws. Token holders have the potential to earn substantial rewards as well as help support the Metacade platform.
External funding sources will be created by selling ad space on the platform, charging gaming companies to post games on Metacade, and allowing Web3 companies to post paid jobs on Metacade’s job board as part of the Work2Earn program from Q1 2024.
The final earning avenue for users is Create2Earn, which rewards all users for creating useful community content. Every interaction that benefits Metacade’s ecosystem is rewarded, whether it’s writing game reviews, sharing alpha, helping other players with tips on progressing a game, or taking an active part in regular live chats on the platform.
Metacade: Leading GameFi Innovation
Another branch of Metacade’s Work2Earn initiative has the potential to help move the entire metaverse gaming industry forward. The groundbreaking Metagrants feature will launch in Q3 2023, with developers potentially earning funding for new, exclusive games. Developers will submit their ideas for new games and then put them to the community’s vote. The winners will receive significant help to improve their game and will be one of the first games to hit Metacade in Q1 2024.
With the Metacade job board, GameFi companies will also be able to connect with talented people who can help move the industry forward. The job board will include contract and full-time job positions, as well as opportunities such as internships and playtests.
Is it a good time to invest in Metacade?
Crypto bear markets are generally considered a good time for long-term investors to enter the crypto market. Prices are low, and established currencies with a proven track record of appreciation offer excellent return potential.
Investments in new crypto projects can be a riskier venture for investors during the crypto bear market, as there is no guarantee that the platform will work or attract the wider crypto investor base as the market outlook improves.
However, despite being a startup project, Metacade looks like great potential. In the current bear market, MCADE has already received a lot of attention during its presale. The momentum so far remains strong in the later stages and the project has now raised over $4.9m. The current $0.013 MCADE price looks seriously low.
Estimates are that demand will increase after the presale is complete and the value of the MCADE token will rise significantly before the crypto bear market conditions end. This could cause the price of MCADE to exceed $1 this year and continue to rise with the next bull market. Investors who turn to MCADE tokens during the presale can make huge profits as a result.
You can join the Metacade presale.
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