The Sandbox Stalls. Could Metacade’s MCADE Price Overtake The Sandbox’s SAND in 2023 and Beyond?

The Sandbox price failed to recover from a year-long slump during the bullish price action of early 2023. 3D games in the metaverse have been a source of great excitement among blockchain investors, but a new kind of play-to-earn (P2E) platform may be the next big thing in the GameFi sector.

Metacade’s hugely successful token presale is a testament to an exciting roadmap that has appealed to Web3 users. While The Sandbox price continues to struggle, Metacade’s continues to gain momentum.

Metacade is a very interesting niche investment opportunity

While the majority of cryptocurrencies in Web3 enjoyed significant gains at the beginning of 2023, The Sandbox price underperformed. 3D games in the metaverse posted impressive returns during the 2021 bull market, yet a prolonged slump for The Sandbox price has concerned some long-term investors.

The Sandbox price remains more than 90% down from its all-time high. Meanwhile, Metacade rose more than 2x in the space of a week as it continues to generate excitement among the blockchain gaming community. The token is fresh from two primary exchange listings and looks ready to continue its rapid development.

Metacade raised $16.4 million during the MCADE token presale, with most fundraising stages sold out. Since then, the MCADE token has launched on Uniswap and BitMart and skyrocketed to a $0.03 price level towards the end of April.

While 3D games based in the metaverse are still in their infancy, Metacade’s comprehensive play to earn environment intends to include 3D games as it grows. It awaits to be seen whether The Sandbox price will reclaim its previous highs over time.

What is The Sandbox

The Sandbox is a blockchain-based virtual gaming world where players can create, share, and monetize their gaming experiences. Utilizing the Ethereum blockchain, The Sandbox aims to revolutionize the gaming industry by providing a decentralized platform for gamers and game developers.

With its unique combination of user-generated content and P2E mechanics, The Sandbox offers a new frontier for gamers to explore and connect. Players can also purchase LAND, virtual real estate that can be used to build and monetize custom gaming experiences.

Could SAND reach $5 in 2025?

The Sandbox remains one of the top 3D games in Web3. Despite its reduced price of $0.60, which is 92% down from the all-time high of $8.50, The Sandbox price could target higher price levels above $1 and $2.

Price analysts have highlighted a key resistance area for The Sandbox price at the $3.50 level. As the broader crypto market enters long-awaited bull market conditions over the coming years, a leading 3D game such as The Sandbox certainly has the potential to reach its previous resistance levels.

What is Metacade?

Metacade will be the first community-driven blockchain arcade and the most extensive platform found in Web3. It plans to offer many different play-to-earn arcade games in a single location, which gives players an extensive opportunity to earn cryptocurrency rewards while enjoying some addictive gameplay experiences.

The project also aims to become a central hub for the blockchain community by introducing several unique earning mechanisms. Metacade will serve investors, entrepreneurs, and gamers through a range of on-chain services. The platform is genuinely planning on taking P2E mechanics to the next level.

How does MCADE work?

The MCADE token is used to pay rewards in the metaverse arcade. Players can play solo, earn MCADE tokens while trying to beat their highest score, or join paid entry tournaments to win major crypto prizes.

Metacade is also developing a suite of DeFi services for its community. MCADE token holders can use on-platform staking to earn a passive yield and use their tokens to vote in governance proposals released by the project.

The Metacade community hub is introducing a novel variation of the play-to-earn mechanism called Create2Earn. This will reward content creators with MCADE tokens for their contributions to the community. Contributions can include posting game reviews, sharing alpha, and interacting with other users’ posts.

As well as all this, Metacade will advertise paid job opportunities at leading companies in Web3. Crypto enthusiasts can apply for full-time and part-time roles directly through the Metacade jobs board, which will also include a Work2Earn feature that connects users to unique beta testing opportunities for brand-new P2E titles.

Could MCADE reach $2 in 2025?

The MCADE token has enjoyed a fruitful start to 2023. The presale was successfully closed with $16.4 million raised as funding for the metaverse arcade, which displays the widespread popularity of the project and its projected future demand.

MCADE has extensive utility on the Metacade platform and deflationary tokenomics. Price analysts are forecasting significant returns from the current price of $0.027 as long-term investors continue to buy the token ahead of a future crypto bull market.

Metacade vs. The Sandbox price predictions: Which token is worth buying?

The blockchain can support 3D games with integrated earning potential for players. This is a crucial reason why metaverse projects such as The Sandbox and Metacade have high price forecasts for the future. Metacade and The Sandbox prices are expected to rise significantly from the current levels.

Metacade, as a brand new platform in the GameFi sector, could be preparing for massive action over the coming years. Further information about this exciting project is available on Metacade’s website.

You can find more information, including how to buy MCADE, here.

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Crypto price predictions: Tron, Optimism, Stacks (STX)

  • Cryptocurrency prices were mixed, with key coins like Bitcoin moving sideways.

  • Meme coins like Pepe and Floki Inu surged after their Binance listing.

Cryptocurrencies were relatively mixed this week as Bitcoin remained stubbornly below $30,000 and Ethereum below $2,000. Meme coins like Pepe and Floki Inu soared after being listed in Binance while Sui jumped and then dumped. This crypto price prediction will look at Tron, Optimism, and Stacks.

Tron price prediction

Tron price has been in a strong bullish trend in the past few days. It jumped to a high of $0.070, the highest point since February. On the four-hour chart, the coin has jumped above the 25-day and 50-day moving averages. It also moved above the important resistance point on $0.069, the highest point in March.

Therefore, it seems like the coin will continue rising in the coming days as buyers target the next key resistance point at $0.073, the highest level on February 20. This price is about 3.50% above the current level. A drop below the key support at $0.7070 will invalidate the bullish view.

How to buy Tron

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy TRX with eToro today

Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

Buy TRX with Binance.US today

Optimism price prediction

Optimism is one of the biggest layer-2 networks in the blockchain industry. It competes with other well-known blockchains like Arbitrum and Polygon. OP price has been in a steep sell-off this week as it dropped below the key support at $2.07, which was the lower side of the descending triangle pattern. It has also formed a head and shoulders pattern.

Optimism also remains below the 25-day and 50-day exponential moving averages and the support at $2, the lowest point on March 27. Therefore, it seems like bears have the momentum, which could see it crash to the next support at $1.80. The stop-loss of this trade is at $2.20.

Stacks price prediction

Stacks is a leading blockchain project that seeks to create a Bitcoin layer for smart contracts. It solves an important challenge in that Bitcoin does not have smart contract capabilities. As such, developers can build applications that take advantage of Bitcoin to handle transactions.

Stacks surged earlier this year after the launch of Bitcoin Ordinals. It jumped to a high of $1.314 and has now erased most of those gains to trade at $0.72. The coin remains below the 50-day moving average and the key support point at $0.78. 

The coin is slightly above the key support point at $0.6720. Therefore, the path of the least resistance for STX price is downwards, with the next key level to watch being at $0.60.

How to buy Stacks

Okcoin

Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. Okcoin’s mission is to help decentralize finance and level the economic playing field for everyone around the world. Serves 190+ countries with over 100K+ active traders and investors.

Buy STX with Okcoin today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy STX with Swapzone today

 

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Coinbase stock jumps 15% on strong Q1 results: sell into the strength?

  • Coinbase reports market-beating results for its fiscal Q1.
  • Analysts are still keeping bearish on the Coinbase stock.
  • Coinbase shares are now up roughly 70% year-to-date.

Coinbase Global Inc are up nearly 15% on Friday after reporting its financial results for the first quarter that handily topped Street estimates.

Coinbase stock up on narrowed loss

  • Lost $78.9 million versus the year-ago $429.7 million
  • Per-share loss also narrowed sharply from $1.98 to 34 cents
  • Revenue tanked 34% year-on-year to $772.5 million
  • Consensus was $1.45 a share loss on $655 million in revenue
  • Total operating expenses were down 24% versus last year

The crypto company attributed strength in its quarterly performance partially to the surge this year in the price of bitcoin. Still, Wells Fargo analyst Jeff Cantwell remains bearish on the Coinbase stock due to the regulatory uncertainty.

His $43 price objective suggests more than a 20% downside from here.

BofA is also dovish on Coinbase shares

Remember that Coinbase Global Inc had received a “Wells notice” from the U.S. SEC in late March. It is also noteworthy that trading volume in the recently concluded quarter came in at $145 billion and missed the consensus estimate by $2.7 billion.

To that end, Bank of America analyst Jason Kupferberg also reiterated his “underperform” rating on the Coinbase stock today and said:

We maintain our cautious view on Coinbase shares as we continue to think retail crypto volumes will remain weak and regulatory overhang will linger for some time.

In its current quarter, Coinbase Global Inc expects its subscription and services revenue to sequentially decline to around $300 million, as per its letter to shareholders.

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Here is why Floki Inu’s price surged by over 50% today

Key takeaways

  • FLOKI is the best performer amongst the top 100 cryptocurrencies by market cap today.

  • The token has added more than 50% to its value today and could rally higher in the near term.

  • Binance is set to list Floki Inu in its Innovation Zone while the token is now live on Bitfinex

Floki Inu price rally by more than 50% today

FLOKI, the native token of the Floki Inu ecosystem, has been the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours.

At press time, the price of Floki Inu stands at $0.00005282, up by 56% over the past few hours. 

The rally comes thanks to two massive listings of the Floki Inu token. Earlier today, Bitfinex, one of the leading cryptocurrency exchanges in the world, listed FLOKI on its trading platform. 

This latest cryptocurrency news means that FLOKI can be traded against USDT on the Bitfinex crypto exchange.

Binance lists FLOKI in its innovation zone

Following the announcement by Bitfinex, Binance, the world’s largest cryptocurrency exchange, also announced earlier today that it would be listing Floki Inu and PEPE coins in the Binance Innovation Zone. 

The Binance Innovation Zone was introduced to users of the cryptocurrency exchange a safe place to trade new and innovative projects. 

These latest developments were behind FLOKI rallying by more than 50% over the last 24 hours. The positive performance comes despite the broader crypto market currently stagnating.

Bitcoin is down by less than 1% in the last 24 hours and continues to trade above the $29k level. Ether, the second-largest cryptocurrency by market cap, is up by less than 1% so far today and is trading just above $1,900. 

At press time, the total cryptocurrency market cap stands at $1.2 trillion. 

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