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Metacade to rival Web 3.0 games as CEO shares an ambitious strategic direction

  • Metacade CEO upholds ambitious goal ahead of the main platform launch

  • Metacade has enjoyed a stellar rise since it started to list on exchanges

  • The token is attractive as Metacade embarks on roadmap

You might be scared – is it the right time to invest in cryptocurrencies during this prolonged bear market? It is reasonable to have this fear, but Metacade (MCADE) CEO Russell Bennett intentionally launched the ambitious Web 3.0 gaming platform in a bear market. Why? Bennett wanted MCADE to soar once the market turns bullish. Shortly after launching the presale, MCADE quickly sold out as investors saw a robust gaming ecosystem unrivaled by peers. Analysts have lauded the token as a 10x investment. There are potential reasons for it.

Metacade’s ambition in Web 3.0 gaming

If you are a gaming enthusiast, perhaps you have been looking for a platform with great earning opportunities and where your voice counts. There are hardly any you can find around. This is why Metacade was initiated.

Metacade aspires to become the biggest community-led Web 3.0 gaming arcade. As a result, it has outlined an ambitious roadmap that it seeks to fulfill. The early goals have already been hit, including the successful presale and listings on exchanges. MCADE can be bought on Uniswap, BitMart, and MEXC Global, with more exchanges to follow. 

One of the greatest reasons Metacade has grown popular is its earning opportunities. Unlike its predecessors, Metacade users can earn by competing in games, creating projects, and working on gig opportunities. Developers have a ready community for their creations and can have their projects funded through MetaGrants. In other words, Metacade aims to become a virtual one-stop shop for gamers, crypto fans, and developers. 

Metacade also seeks to avoid the mistakes of its predecessors – the lack of sustainability. The platform will harbor a launchpad where others can launch their projects and contribute to the revenue of Metacade. Others can also advertise on the platform and post jobs, making Metacade a self-sustaining gaming platform. 

Metacade CEO emphasizes an ambitious strategic goal

After the early successes of Metacade, CEO Russell Bennett is focused on delivering on the project’s roadmap. The Metacade Lite, whose countdown is barely 3 days, will usher in the main platform that will actualize the dream of building a thriving Web 3.0 community. That begins with the launch of the Creat2Earn platform in the second quarter, Play2Earn in the third, and Work2Earn in the fourth.

Metacade’s CEO has emphasized the need to create a great community and platform and forge partnerships to bridge the Web 2.0 and Web 3.0 sectors for its users. Metacade Lite, which launches soon, is expected to actualize the ambitious dream.

MCADE’s price movement and what it means to investors

Just imagine a cryptocurrency launching in a bear market and retaining its value. According to Metacade CEO, the project and cryptocurrency, MCADE, launched in a bear market to keep off the distractions of speculation and hype. It has worked.

Unlike some tokens launched recently with a lot of surges and crashing thereafter, MCADE has maintained its value. The cryptocurrency trades in a bullish market at $0.024, higher than its final price at presale of $0.020. The current price happens in a market correction since MCADE recently hit a record $0.045. The correction reflects profit-taking activities, with the price steadily rising again as demand soars. 

It then means that the price of MCADE could recover to its previous level of $0.045 and surpass it as enthusiasm grows ahead of Metacade Lite launch. As such, the current price could be attractive to investors looking to buy MCADE on the dip.

Investing in MCADE for 10x return – is it realistic

There is no doubt tokens of very innovative platforms like Metacade can increase by 1000% within months of launch. Analysts have projected an even higher return for the token in 2023. A return of 10x is realistic, given that MCADE is already enjoying strong demand on exchanges, which helped the token rise 100% after the presale. It means there is still room for the token to run and could return big to investors.

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Coinbase stock has upside to $70, analyst says

  • Atlantic Equities upgraded Coinbase Global to “overweight” on Tuesday.
  • Analyst Simon Clinch explained why in a research note to clients.
  • Coinbase stock is already up more than 80% versus the start of 2023.

Coinbase Global Inc continues to be the “best expression of crypto”, says Simon Clinch – an Atlantic Equities analyst.

Coinbase stock could gain 20%

On Tuesday, Clinch upgraded the crypto exchange to “overweight”. His $70 price target suggests a close to 20% upside from here.

He’s bullish on the Coinbase stock partially because the company has topped expectations in terms of executing cost cuts. The analyst agreed that risks including regulation and recession remain on the table but said in his research note:

These actions are building resilience in the business model . . . Coinbase’s recent actions allow investors to look through toward the longer-term opportunity.

Year-to-date, the Nasdaq-listed firm is already up more than 80% at writing.

Coinbase had a strong first quarter

Coinbase has recently launched a Bermuda-based exchange that, at least for now, is limited to non-U.S. institutional users interested in Bitcoin and Ethereum perpetual futures.

Earlier in May, the crypto exchange also reported its financial results for the first quarter that handily topped estimates as Coinbase Prime noted record volumes. According to Atlantic Equities’ Clinch:

Coinbase is regaining custody asset share and is also leveraging its trust credentials to exercise pricing power – both important steps towards building resilience in the model.

Those interested in buying Coinbase stock today should remember, though, that this crypto firm received a “Wells Notice” from the U.S. Securities and Exchange Commission (SEC) in March.

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Metacade surpasses $0.024 as crypto market rallies after debt ceiling agreement

Key takeaways

  • MCADE is up by more than 13% over the last seven days and is now trading above $0.024.

  • The rally comes as the crypto market recovers thanks to the debt ceiling agreement over the weekend. 

The cryptocurrency market has underperformed for the best part of May. Bitcoin, the world’s leading cryptocurrency by market cap, is down by nearly 5% since the start of the month.

However, the market has had relief this week, with Bitcoin up by more than 3% over the past few days. MCADE, the native coin of the Metacade ecosystem, is also up by more than 6% in the last seven days.

The imminent debt relief vote in the United States has seen the sentiment in the market become positive.

US debt ceiling vote set for tomorrow

An agreement was reached between President Biden and the House leadership on the United States debt ceiling over the weekend. The House leadership has agreed to suspend the federal government’s $31.4 trillion debt ceiling.

While the deal was struck between McCarthy and Bide, it still has to pass through Congress later this week. The vote is expected to take place tomorrow, May 31st, before the United States runs out of money to pay its debts on June 1st.

Bitcoin and others rally following the debt ceiling deal

The cryptocurrency market was in a bearish mode earlier this month as investors continued to fear that a deal would not be agreed. 

The deal brought optimism to the market as it indicated that the United States would not default on its debt. A US default could result in a recession, and that could see the cryptocurrency market and other financial markets record massive losses. 

Bitcoin and other cryptocurrencies have performed well since the deal was announced over the weekend. Bitcoin touched a low of $25,800 last week but has since renounced and moved past the $28k level on Monday. At press time, the price of Bitcoin stands at $27,710, up by less than 1% over the last 24 hours.

MCADE rallies by 13% in the last seven days

MCADE, the native token of the Metacade ecosystem, has performed well over the past few days. The token has added 13% to its value over the last seven days, outperforming the broader cryptocurrency market.

Metacade is currently trading at $0.0248 per coin and is close to the $0.034 all-time high price it set a month ago. 

MCADE could rally higher in the near term if the fundamentals of the broader cryptocurrency market continue to improve. In addition to being listed on popular exchanges, including Uniswap, MEXC, and BitMart, the Metacade team is preparing to launch the Metacade Lite in two days. 

Metacade Lite is set to offer users the first experience of the app UX. It will offer users a selection of both Web2 and Web3 games. Users will have an idea about the GameFi ecosystem Metacade is building. 

Metacade continues to pride itself as a unique GameFi project that seeks to grant its users exciting gaming adventures. With its plan to transition into a DAO in 2024, MCADE could record massive gains as the Metacade project gains adoption. 

Is Metacade a good investment?

MCADE has outperformed the broader cryptocurrency market over the last seven days, adding more than 13% to its value during that period.

With this sentiment improving, the crypto market could record more gains, and MCADE could be one of the biggest winners. 

MCADE has been performing well since the presale event was concluded, where the development team raised $16 million. 

For investors, Metacade could be an exciting project as the development team continues to work to launch its GameFi platform. The team is also working hard to get MCADE listed on numerous cryptocurrency exchanges. 

With such plans in place, MCADE could be on track to record gains over the next few months and years. Metacade is still very much in its development phase and could prove to be an excellent investment for early investors. 

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Nvidia’s $1 trillion valuation sees crypto AI tokens surge

  • Nvidia’s march to a $1 trillion market cap has been helped by the AI boom.
  • The company joins Apple, Microsoft, Alphabet, Amazon and Saudi Aramco in this exclusive club.
  • Crypto AI tokens like Render, SingularityNET, Fetch.ai and Akash Network have also surged amid the AI hype.

Nvidia Corp (NVDA) joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom.

The growing positive forecasts around AI are also cascading into the ecosystems of leading artificial intelligence-powered cryptocurrencies. Many of these rose on Tuesday.

Akash Network (AKT), which provides an open and P2P marketplace for cloud resources, saw the native token rise nearly 20%.

Dynex (DNX) , a neuromorphic supercomputer, rose 35%. Meanwhile, top AI tokens that have soared in recent weeks amid the broader market hype including Render (RNDR), SingularityNET (AGIX) and Fetch.ai (FET) all gained more than 5%.

Nvidia’s march to $1 trillion market cap

Nvidia, for a long time the leading maker of video game graphics cards, has seen its valuation more than double in the past six months. The company’s fortunes in the market have spiked amid the huge demand for generative AI tools takes the world by storm.

Now the company is looking to establish itself in the exclusive club of just five, four being US companies, valued at $1 trillion or more. Market analyst Holger Zschaepitz pointed this out in a tweet.

As of May 2023, this club is led by Apple, which currently has a market cap of over $2.8 trillion.  Microsoft Corp is valued at $2.47 trillion, Alphabet at $1.57 trillion and Amazon at $1.24 trillion. The non-US company in this category is oil giant Saudi Aramco. 

Tesla, Meta, and PetroChina, a Chinese oil giant, previously hit this milestone.

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The largest airline in Japan launches NFTs marketplace

  • Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed NFTs marketplace.
  • Air Nippon Airways partnered with its subsidiary ANA Neo to develop the platform.
  • Air Nippon Airways is currently expanding into Web3.

The largest airline in Japan, Air Nippon Airways (ANA), has today launched an aeronautical-themed non-fungible tokens (NFTs) marketplace with its subsidiary ANA Neo.

The NFT marketplace is part of the airline’s ongoing forays in trying to connect airlines with Web3

ANA GranWhale NFT Marketplace

The development of ANA Neo’s GranWhale marketplace started in August 2023 as a virtual travel platform that promised to use “technology, including VR, to recreate the destinations and cultures of the world” in the form of metaverse parks.

The new NFT marketplace is dubbed “ANA GranWhale NFT Marketplace” and it will feature an inaugural NFT collection created by aerial photographer Luke Ozawa.

The platform’s developers when announcing the marketplace said:

“From May 30, aerial photographer Luke Ozawa’s first digital photo will be converted to NFT. One of them will be sold with a positive film, which is the source of photo development. The price is 100,000 yen, and the NFT with positive film will be sold at auction.”

After the inaugural collection, the second collection will be released on June 7 and will represent the NFT image conversion of the first Boeing 787 operated by ANA. About the second collection, ANA wrote:

“Selling as a 3D model airplane. There are 787 items each of the two types, for a total of 1,574 items, and the price is 7,870 yen.”

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