Kategorie: Crypto Analysis

As the play-to-earn (P2E) space continues to expand, many are looking to invest in crypto projects with a strong chance of capitalizing on the industry’s growth. One such project is Metacade, an up-and-comer that recently completed its sell-out presale raising $16.4 million. MCADE investors are now looking forward to the project being listed on top crypto exchanges.

In this article, you’ll learn what Metacade is, why it’s attracted so much investment, and where experts think the MCADE token could end by late 2023.

What is Metacade (MCADE)?

Metacade is a rising star in the GameFi space, providing an all-in-one community hub for P2E gamers. Its goal is to bring gamers, developers, and crypto enthusiasts together in a vibrant ecosystem, with the platform owned and operated by the community. Metacade offers its users a wide range of features designed to enhance the P2E gaming experience, like sub-forums for discussing individual games, real-time chat, and spaces for reading the hottest GameFi alpha. 

At the heart of Metacade is its native token, MCADE, which will serve as a utility and governance token within the platform. This token enables users to experience Metacade’s pay-to-play virtual arcade, vote on Metacade’s future, and earn rewards for contributing reviews, tips, and other helpful content to the community.

Other features, like a job board, a decentralized funding scheme known as Metagrants, and regularly held gaming tournaments, have caused considerable buzz amongst the crypto community. The project’s $16.4 million presale was a sell-out success, with the MCADE token being listed for sale on Uniswap, soon followed by important listings on CoinMarketCap, Bitmart, and CoinGecko. Those invested in MCADE are excited about its upcoming listing on major crypto exchange MEXC in May, as well.

What You Need to Know About Metacade (MCADE)

With Metacade gearing up for listings on top crypto exchanges, it’s essential to understand what sets this platform apart from the competition and why it’s attracted so much attention from the P2E community.

One of the most significant factors is the Metagrant program, a potential game-changer for the P2E industry. The scheme offers funding to game developers earning the most votes from the community for their proposals, with the winning game added to Metacade’s virtual arcade. This decentralized approach allows the community to shape the future of P2E gaming directly, creating a grassroots fanbase for new titles and likely attracting thousands of players onto the platform.

Metacade’s emphasis on community involvement and engagement makes it stand out in the crowded GameFi space. Metacade intends to give MCADE token holders the right to have their say in the platform’s direction through its decentralized autonomous organization (DAO), expected in 2024. Through the DAO and Metagrant program, Metacade ensures that its user base remains actively invested in both the platform’s success and the longevity of P2E gaming. 

In addition to its community-driven initiatives, Metacade is committed to helping players boost their P2E income. Not only does this mean offering the hottest GameFi alpha being shared by top players, but also includes a job and gig board. Here, users can find work in the Web3 and gaming industries and participate in casual game testing using Metacade’s native testing environment in return for MCADE tokens.

Finally, Metacade’s upcoming listings on top crypto exchanges will undoubtedly increase its visibility and accessibility, drawing even more interest from those investing in the lucrative GameFi sector. This increased exposure will likely lead to further growth and adoption, which could boost Metacade’s price in the coming weeks. 

Metacade (MCADE) Price Prediction

After being listed on Uniswap, analysts have observed strong price stability in the MCADE token, overcoming the usual sell-offs to list currently at $0.023. Considering Metacade’s staking pool filled in under five hours, it seems investor confidence is exceptionally high. This has led to bullish Metacade price predictions.

Some estimate that MCADE will easily reach $0.25 by the end of the year, while others think $0.45 is a possible reasonable target. Even more ambitious price predictions see MCADE smashing $0.70 in 2023, putting today’s investors up 2943%!

Don’t Miss Out on Metacade’s (MCADE) Top Crypto Exchange Listings

In summary, it’s easy to see why the hype surrounding Metacade’s listings on top crypto exchanges is increasing. Investing in crypto comes with a significant degree of uncertainty, especially for new projects. However, Metacade has demonstrated itself capable of capturing the intense focus of the investment community with its well-thought-out roadmap and unique set of valuable features.

With a recent partnership with metaverse development company MetaStudio stimulating excitement around Metacade, it’s safe to say MCADE is likely to see continued price increases in the near future given the impressive 28% rise as the token listed on Bitmart on 20 April, and with MEXC due next in early May.

You can find out how to buy MCADE here.

The post Metacade Token Listing on Top Crypto Exchanges in May. Here’s What Investors Need to Know. appeared first on CoinJournal.

• Render Network’s token jumped sharply on Wednesday.

• The community passed two key votes: RNP – 002 and RNP – 003. 

Render Token (RNDR) price surged to a key resistance level after the developers made a major milestone. The token surged to a high of $2.20, which was the highest point this month. In all, the token has been one of the best-performing cryptocurrencies after rising by more than 140% from the lowest level in March.

Render Network news

The main reason why the RNDR price surged is that the community completed the RNP-002 and RNP-003 votes. These were the most important votes in the community because they will change the architecture of the network.

Precisely, RNP-002 means that Render Foundation can now move ahead with implementing the BME model on the Solana ecosystem. Solana is a leading blockchain that is known for its fast speeds and low transaction costs. 

Unlike Ethereum, Solana can handle thousands of transactions per second while the average cost is less than $0.01. Therefore, by using Solana, Render hopes that its users will work at a faster pace and save a lot of money in transaction costs.

Meanwhile, the RNP-003 vote was known as the Resource Acquisition and Allocation for Core Team and Grants. The vote simply makes it possible for the Render Foundation to acquire and allocate resources in a bid to grow the ecosystem. The next stage is that these votes will be updated to Approved and on the Roadmap. 

The RNP voting process for RNP-002 and RNP-003 has officially come to an end!

Here are the results and what they mean for the future of the Render Network.🧵

— Render Network | RNDR (@RenderToken) April 26, 2023

Render Token price prediction

The daily chart shows that the RNDR price has been in a strong bullish trend in the past few months. It has jumped from a low of $0.8932 in March to a high of $2.20. The token has jumped above all moving averages.

The current price means that the token has formed a double-top pattern. In price action analysis, this pattern is usually a bearish sign. Therefore, with the Solana integration news confirmed, there is a likelihood that the token will pull back.

This is known as buying the rumours and selling the news. It happens when investors buy an asset ahead of a major event and then sell when it happens. If this happens, the next key level to watch will be the neckline of the double-top at $1.622.

How to buy Render Network token

The post Why is the Render Token (RNDR) price surging? appeared first on CoinJournal.

• $0.6 offers a strong horizontal resistance
• The bias remains bullish while the market holds above the 2023 lows
• A daily close above $0.6 should trigger more upside

It must have been a frustrating second half of the last year for cryptocurrency investors. As the dollar began to weaken, major stock market indices bounced. 

But the dollar’s weakness was not seen in the cryptocurrency market until the very last days of the year. Moreover, the divergence continued from last October, when the stock market bottomed, until the last trading days of the year. 

Only in 2023 things changed. Leading cryptocurrencies rallied, led by Bitcoin. 

Some bounced stronger than others. In the case of XRP/USD, it met horizontal resistance at $0.6, a level that provided support in 2021. 

XRPUSD chart by TradingView

A daily close above $0.6 would be bullish for XRP/USD

After trading above $1.8 in 2021, when the entire cryptocurrency market rallied, Ripple gave up a big chunk of its gains. On the way down, the market met support at $0.6 for over a year. 

Eventually, the support gave way as the bears were in control. 

But now, the same area that acted as support acts as resistance. In technical terms, this is called the interchangeability principle (i.e., support becomes resistance and vice versa). 

If the bottom carved in the late days of 2023 is here to stay, then the focus is on the $0.6 area. A daily close above would be bullish, and the next immediate target would be $0.8. However, only a break above parity would shift the bias from bearish to bullish. 

All in all, XRP/USD looks constructive here. As long as the lows hold, the chances are that the market is only building energy for another attempt at the $0.6 level. 

The post XRP/USD fails at horizontal resistance, but the bullish bias remains appeared first on CoinJournal.

Web3 is a constantly-evolving sector of technology, and blockchains continue to grow in stature. Early-stage crypto investors are constantly on the lookout for the next 100x investment opportunity, as successful projects can post significant gains from their earliest stages of development.

The Shiba Inu price prediction in 2021 led to massive returns for investors as SHIB almost flipped Dogecoin (DOGE) to become the most valuable meme coin in Web3. Investors are now eyeing Metacade (MCADE) as a similar opportunity, but there are some critical differences between the projects that could serve MCADE well over the coming years.

Metacade continues to progress, while the Shiba Inu price prediction targets Dogecoin

Shiba Inu’s price prediction has declined rapidly since it reached its all-time high in 2021. However, it brings a unique set of characteristics compared with Dogecoin, as the Shiba Inu blockchain is compatible with Ethereum Virtual Machine and can support the development of decentralized applications (dApps).

While the Shiba Inu price prediction may struggle to break key resistance areas during 2023, it remains the second-largest meme coin behind Dogecoin. The Shiba Inu price prediction will likely benefit from a layer-2 scalability solution called Shibarium, which means that it could overtake Dogecoin to become number one over time.

Metacade’s token presale raised $16.4m as investors sought to gain a stake in the future of the metaverse arcade. The project is the first community-driven initiative of its kind and will bring vast play-to-earn utility onto the Ethereum blockchain.

Both the Dogecoin and Shiba Inu price predictions have declined since the 2021 bull market, while Metacade represents a fresh opportunity for investors. The native MCADE token has innate utility on the platform, which gives it a natural advantage over popular meme coins.

What is Shiba Inu?

Shiba Inu (SHIB) is a meme coin cryptocurrency that gained a lot of attention when it took the crypto charts by storm during the last bull run.  It is a decentralized community-led token and independent blockchain that was forked from Ethereum. It’s often referred to as the “Dogecoin Killer” due to its big selling point of supporting the Ethereum Virtual Machine (EVM).

Created in August 2020, SHIB grew rapidly as an EVM-compatible alternative to Dogecoin. The token rose to prominence after half of the total supply was airdropped to Vitalik Buterin, who famously burned at least 90% of his tokens – an amount later worth over $6bn. Shiba Inu can support the development of decentralized applications, including DeFi services, play-to-earn games, and much more.

Shiba Inu price prediction 2023: Can SHIB reach $0.00001343?

The Shiba Inu price prediction has weakened considerably since it peaked in 2021. SHIB is currently at a multi-month resistance level and may struggle to break through $0.000012, but could target higher levels before the end of the year if it successfully turns this level into support.

Beyond 2023, SHIB will likely target higher resistance levels as it seeks to reclaim its previous all-time high during the next crypto bull market. Two key resistance areas for the long-term Shiba Inu price prediction are $0.00002 and $0.00003, which SHIB could reach by 2025.

What is Metacade?

Metacade is a newly-launched project that aims to build the largest games arcade on the blockchain. It will contain a vast selection of different play-to-earn games on a single platform, each offering integrated financial rewards to players.

The project’s ethos is to create a central hub for the Web3 community on the Ethereum blockchain. Metacade has several ground-breaking earning mechanics that go beyond gaming, giving arcade users the chance to earn MCADE token rewards in new and exciting ways.

How does MCADE work?

The MCADE token is used for rewards in the Metaverse arcade. The platform will also be home to a range of DeFi services for the MCADE token, including staking to earn a passive income (SOLD OUT) and voting in governance proposals released by the project.

The Metaverse arcade offers casual and competitive gameplay to players, who can earn cryptocurrency rewards while playing solo or by joining paid entry tournaments. These tournaments allow players to go head-to-head to win major crypto prizes.

Metacade’s community hub will also reward content creators for their contributions to the platform through a novel Create2Earn mechanic. This can include posting game reviews, sharing alpha, or interacting with other users’ posts.

Additionally, the platform will advertise open positions at some of Web3’s hottest start-ups through the Work2Earn feature. Metacade’s partner projects will provide job opportunities to the best members, including full-time and part-time positions. Work2Earn will also include short-term gigs, including testing the beta version of new blockchain games in return  for MCADE token rewards.

Can MCADE reach $1 in 2023?

The MCADE token has recently completed its presale and launched on leading digital asset exchanges, including UniSwap and BitMart. It has extensive utility on the Metacade platform and deflationary tokenomics, which could push its price up substantially over the coming years.

The 2023 price prediction for Metacade places the token at the $0.30 price level. This could be a whopping 50% gain from the end of the presale. Heading into the next bull market, experts are forecasting continued gains for MCADE, which could climb to $2 by 2025.

Metacade vs. Shiba Inu price prediction: Which token is worth buying?

Both projects look set to make gains over the coming years. However, Metacade is a brand-new project which will enter price discovery during the next crypto bull market. This makes it an ideal choice for early-stage investors. Meanwhile, the Shiba Inu price prediction continues to underwhelm, and it may struggle to overcome Dogecoin before 2025.

More information about Metacade is available on the project’s website, and the native token can now be traded on the digital asset exchanges, Uniswap and Bitmart, with a listing on MEXC soon.

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

The post Will Shiba Inu Break Out of Dogecoin’s Shadow? Comparing Shiba Inu’s and Metacade’s Price Predictions for 2023-2030 appeared first on CoinJournal.

XRP price has come under intense pressure in the past few days as the recent crypto comeback started fading. Ripple dropped to a low of $0.4384, which is about 21% below the highest point this month, meaning it has moved to a bear market. 

Why is Ripple falling?

XRP price is falling because of its close correlation with Bitcoin, the biggest cryptocurrency in the world. In most periods, altcoins like XRP and ADA tend to rise when Bitcoin is rising and vice versa. Therefore, since there have been no major Ripple news, we can cite the recent decline to the overall decline of BTC. 

This price also mirrors the performance of American stocks. The Nasdaq 100 index has moved sideways in the past few days and is about 1.78% below the highest point this month. In most periods, cryptocurrencies also have a correlation with American stocks.

The next key Ripple news to watch will be the upcoming verdict in the ongoing civil lawsuit by the Securities and Exchange Commission. The SEC alleges that Ripple violated securities laws when it sold XRP to investors without registering with the agency.

It is still unclear when the judge will deliver the court’s verdict. It is also unclear how XRP will react to the verdict. However, I believe that the end of the case will be positive for Ripple because I suspect that the outcome will be a fine or an exoneration.

Meanwhile, Ripple recently launched the Ripple Liquidity Hub as it seeks to provide more solutions to businesses. The service is making it possible for businesses to access simple and seamless ways to manage liquidity needs. It is also enabling people to manage fiat, cryptocurrencies, and CBDCs among others.

XRP price prediction

The 4H chart shows that the Ripple price has dropped sharply after hitting the key resistance point at $0.5826 on March 29. The coin has flipped the key level at $0.5568 from a support into a resistance. It has moved to the 25-day and 50-day exponential moving averages. Ripple has moved slightly above the key support at $0.4326, the highest point on January 22. 

It has also formed a small bearish pennant pattern. Therefore, for now, there is a likelihood that the coin will have a bearish breakout as sellers target the key support level at $0.400, which is about 12% below the current level.

How to buy Ripple

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 XRP with eToro today Disclaimer

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy XRP with Bitstamp today

The post As XRP price moves into a bear market, is it safe to buy the dip? appeared first on CoinJournal.