Schlagwort: blockchain analysis

Investors searching for potential gains in 2023 have been wowed by the news that Metacade’s initial presale stages have sold out within a matter of weeks as bullish investors poured more than $4.9m of funding into the fledgling crypto gaming platform.

With MCADE’s presale continuing to attract massive interest in subsequent presale rounds, some experts are predicting that early investors could enjoy 10X gains in 2023.

Metacade could be the buy of the year

Forward-thinking investors and crypto gaming enthusiasts have been effusive in their early backing of Metacade during the presale, supporting the platform’s aim of delivering the most comprehensive range of online arcade games in the metaverse.

The momentum behind the presale has picked up pace in stage 3, which indicates that the value of Metacade’s utility token and native currency coin is set to surge in the short term, with potentially enormous long-term gains to be realized in the coming years. 

Beginning at $0.008 per token in the beta phase, MCADE’s value is set to rise to $0.02 by the end of the ninth and final presale stage. Expectations are that the price could leap in value once MCADE becomes available to the public.

Bullish investors have been seduced by Metacade’s vast long-term potential, set out in their comprehensive and ambitious white paper. This, combined with the wider projected explosion in the GameFi sector over the next five years and plans to place themselves at the center of crypto gaming for years to come, means MCADE has the potential to achieve 10X gains this year.

How high could MCADE reach in 2023?

The value of the MCADE is set to rise throughout the duration of the presale, culminating in a value of $0.02 per token as it prepares for its IDO. The coin will then be launched on decentralized exchanges (DEXs) when buyers globally will likely scramble to get their hands on MCADE.

Early investors are expected to maintain their HODLing, awaiting a huge jump in MCADE’s value. With a limited fixed supply of 2 billion tokens, demand for MCADE is expected to surge enormously on centralized and decentralized exchanges, which could lead to an increase in price as MCADE establishes itself as a solid crypto-gaming token.

The utility built into the MCADE token makes it an even more attractive prospect for investors to get their hands on. Expectations are that the value can deliver 10X gains with a rise in value to between $0.10 and $0.20 – a realistic prospect for 2023.

Is cryptocurrency a good long-term investment?

Between 2016 and 2021, global crypto holders increased by almost 60 times in five years. Although market conditions turned decidedly frosty in 2022, driven by the collapse of some big names in crypto markets, such as FTX, and global economic conditions, the number of investors and platforms continues to grow.

In addition, the crypto-gaming market is projected to grow approximately 70% year-on-year to become a $63 billion industry by 2027. Metacade is superbly placed to take advantage of this growth with its unrivaled range of online arcade games.

The crypto world is fast-paced, with an ever-increasing number of user cases, so predicting the future is hard. However, with countries like El Salvador beginning to adopt crypto as a genuine means of international payment, the signs for crypto markets are incredibly positive.

What is Metacade?

Metacade is building a brand-new platform hosting the most extensive range of online arcade games in the metaverse, becoming the first project of its kind to launch in the crypto-gaming world. Built on the Ethereum blockchain, Metacade will host a wide variety of play-to-earn (P2E) titles allowing gaming enthusiasts to come together with like-minded individuals, build a community and earn crypto rewards as they play.

A community-driven project, Metacade offers gamers and users a range of different earning mechanisms outside the P2E capability, with members rewarded for social interactions with the platform and, shortly, being able to apply for paid roles, including game testers, on Metacade and in the wider Web3 industry.

Metacade: Driving GameFi development

Metacade aims to go well beyond the traditional sphere of P2E crypto gaming platforms by delivering innovation in the wider GameFi industry through its ground-breaking Metagrants scheme. Developers can submit applications for funding to support the creation of new exclusive titles. These submissions are pooled and presented to MCADE token holders who vote for their favorites.

By handing control of the games that go into development to the community, Metacade allows the GameFi industry to benefit by having games that players want on their platform while providing much-needed development experience to the most talented game developers to employ the newest and best Web3 techniques in their work, keeping Metacade ahead of its competition.

Metacade: The best crypto gaming coin with 10X gains in 2023

The MCADE presale presents investors with a unique opportunity to purchase tokens in one of the most exciting crypto-gaming projects in the metaverse. The current price of $0.013 in stage 3 of the presale looks undervalued, even in today’s bear market conditions.

Experts expect Metacade’s presale to fully sell out quickly at every stage, making MCADE the must-buy token before the price increases. With 10X gains looking possible in 2023, it’s a good time for investors to pick up the MCADE token. 

You can participate in the MCADE presale here.

The post Crypto Gaming Arcade, Metacade, Has Potential to 10X in 2023! Here’s What You Need to Know appeared first on CoinJournal.

• H.C. Wainwright reiterates its buy rating on DMG Blockchain.
• The crypto company had its revenue quadruple in fiscal 2022.
• DMG stock has already gained 100% since the start of the year.

Shares of DMG Blockchain Solutions Inc (CVE: DMGI) have already more than doubled this year but an H.C. Wainwright analyst is convinced the stock still has massive room to the upside.

DMG stock has upside to C$1.0 a share

On Thursday, Kevin Dede reiterated his “buy” rating on the blockchain firm. His C$1.0 price objective suggests another 200% upside from here.

The bullish call arrives only days after DMG Blockchain Solutions said a sharp increase in bitcoin mining saw its revenue more than quadruple in fiscal 2022 to C$43.2 million.

DMG closed out the fiscal year at 700 Ph/s up from 15 Ph/s at the end of fiscal 2021, while ending CY22 at 900 PH/s.

DMG Blockchain Solutions is currently pending delivery of Bitmain XP machines that, the analyst noted, will improve its hash rate by another 42 Ph/s.

DMG is well-positioned for greater regulation

Dede likes DMG also for its healthy profit margins. The cryptocurrency company mined 200 bitcoins in its fourth financial quarter at an average cost of about $10,000. The research note reads:

[DMG] is holding approximately C$10.3 million of cash and digital currencies, and little debt, but adding C$1M in December quarter, FY1Q23, merely testing the waters in consideration of funding its 2 Eh/s CY23 mining target.

Other reasons cited for reinforcing the bullish view included its commitment to significantly expanding its footprint in software and services that currently make up only 5.0% of its annual sales.

DMG’s Core+, the analyst concluded, positions it to easily navigate the growing regulations as well.

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• Aptos price has been in a strong bullish trend in 2023.

• Its DeFi TVL has plunged in APT terms.

• The number of users in its ecosystem has been falling.

Aptos (APT/USD) price has done spectacularly well in 2023, making it one of the top-performing coins in the industry. The coin peaked at $20.44 in January, which was about 448% above the lowest point this year, as we wrote here. However, a closer look at its network shows that things are not going on well.

Aptos on-chain metrics concerns

Aptos, formerly known as Diem, is a relatively new blockchain that acts as a good alternative to Ethereum, BNB, and other smart contract platforms. The network has been growing rapidly in the past few months. 

However, a closer look at its on-chain and ecosystem numbers paint the opposite picture. For example, Aptos total value locked (TVL) in DeFi has been in a strong growth in dollar terms in the past few months. It stands at an all-time high of $76 million.

At face value, this trend seems good. However, when you switch to the TVL in Aptos terms, which is the one that matters, shows that it has been falling. Aptos now has a TVL of 4.26 million APT, which is lower than its all-time high of over 17.6 million APT.

Other Aptos metrics also send a disturbing picture of the network. For example, according to AptosScan, the number of transactions in the network has been in a strong downward trend and is now hovering near its all-time low. Aptos handled 612,715 transactions on January 17, lower than its all-time high of over 2 million.

Address growth in the ecosystem has also been falling after it peaked at over 800k last year. On January 17, Aptos had about 9.500 addresses. The number of transaction fees and address growth have also lagged. 

Couple all this with the network’s poor tokenomics. Its documents showed that most of these tokens are held by insiders. As such, there are significant concerns about the network.

Aptos price prediction

APT/USD chart by TradingView

The simple reason why Aptos price has been rising is simply that it has been rising. When a coin is rising, it leads to FOMO among traders. Turning to the daily chart, we see that the APT price has been in a strong bullish trend in the past few months. 

Most recently, it has formed a descending channel that is shown in black. This price is at the upper side of this descending channel. This channel has a close resemblance to a bullish flag pattern. It is also being supported by the 25-day and 50-day MA. Therefore, Aptos will likely have a bullish breakout in the coming weeks.

How to buy Aptos

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• Monero is the biggest privacy-focused coin in the industry.

• It has underperformed recently as the number of hash rate has slipped.

Monero price moved sideways on Thursday as investors reacted to the latest interest rate decision by the Federal Reserve. XMR, the network’s coin, was trading at $180 on Thursday, a few points below this year’s high of $187. It has jumped by more than 22% from the lowest point in January. 

Monero hash rate slipping

Monero is a leading cryptocurrency in the privacy sector. The coin makes it possible for people to send cryptocurrency in an extremely private manner. Unlike Bitcoin and Litecoin, its transactions cannot be tracked by any person.

As a result, Monero is widely used by many people, especially in dark web marketplaces. They prefer it because of the relatively low transaction costs and the fact that transactions cannot be scooped by law enforcement.

Monero price has struggled in the past few days. A likely reason is that the privacy coin industry has gotten substantially competitive. Some of the top coins that compete with Monero are Dash, Nano, and Zcash among others.

Meanwhile, the health of Monero’s ecosystem has been in a downward trend. Data shows that Monero has a hash rate of 2.42 GH/s, which is much lower than the year-to-date high of 3.15 GH/s. Unlike other popular coins like Litecoin and Bitcoin, the hash rate has been in a constant downward trend after it peaked at 3.4 in January 2022.

Hash rate is one of the most useful metrics in proof-of-work networks like Bitcoin, Litecoin, and Ravencoin. It provides a good measure of the health of a network by looking at the number of guesses in the network.

Other Monero metrics are also not all that encouraging. For example, according to its Block Explorer, the number of transactions on Wednesday were more than 17,800. Last week, Monero handled about 116k transactions.

Monero price prediction

XMR/USD chart by TradingView

The daily chart shows that the XMR price has been in a strong bullish trend in the past few months. In this period, it has managed to move above the lower side of the ascending channel. At the same time, it is being supported by the 25-day and 50-day moving averages. Oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have continued rising.

Monero has also formed a small ascending channel that is shown in black. Therefore, there is a likelihood that it will have a bearish breakout in the coming days. If this happens, the next key level to watch will be at $167, the lowest point on January 27.

How to buy Monero

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy XMR with Binance today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy XMR with OKX today Disclaimer

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One thing is becoming clear: legacy gaming titles won’t be able to match metaverse crypto projects in the future. The combination of advanced gaming experiences with integrated financial rewards is nothing short of revolutionary and has led to some bullish price predictions for top projects in the space.

The Metacade (MCADE) and Decentraland (MANA) price predictions are looking excellent for 2023. The question is, is the MCADE or MANA price prediction going to push higher?

Some of the best investment opportunities around right now are metaverse gaming projects

The top metaverse crypto tokens have made serious gains over recent years. Decentraland (MANA) rose over 200x from its launch date to its all-time high (ATH) in 2021. Now, a brand-new metaverse crypto called Metacade, which is in its earliest stage of investment, looks ready to make a similar move in the coming years.

The MANA price prediction is starting to look more bullish, as the wider cryptocurrency market begins its recovery from a long-term bearish trend. This trend saw the MANA price prediction fall significantly, with the MANA token losing 90% of its value from its ATH.

In contrast, Metacade looks extremely bullish over the coming months. The MCADE token recently launched its presale event, which has attracted over $4.5m worth of investment in an extremely short space of time.

MCADE is now looking ripe to produce major gains following the end of its token presale – but just how high could it go? Will it be able to flip MANA to become one of the most valuable metaverse crypto projects in Web3?

What is Decentraland (MANA)?

Decentraland is a vast virtual reality metaverse that allows users to buy and sell digital real estate. The parcels of land that can be purchased in Decentraland are fully customizable, meaning users can create any kind of digital experience they please within the virtual reality map.

Decentraland has become a leading metaverse crypto project due to its focus on user-generated content (UGC). The world has been divided into districts, allowing anyone to access a vast range of different experiences including Las Vegas-style gambling, NFT art galleries, and play-to-earn games.

Decentraland Price Prediction 2023: Will MANA reach $2?

The MANA price prediction is forecasting a trend reversal over the coming months. While MANA has found itself way below the $1 mark after a significant price drop, the MANA price prediction places the $2 resistance level as a key price target for the year.

What is Metacade (MCADE)?

Metacade is setting itself up to become the most exciting on-chain arcade. It is a metaverse crypto platform that will offer a growing range of thrilling play-to-earn experiences, alongside compelling earning mechanics that could make the platform extremely popular with Web3 users.

A key aim of the Metacade project, which is entirely community-driven, is to become a buzzing, social hub for all gamers and crypto enthusiasts. It aims to reward loyal content creators, connect users with job opportunities, and fund the future of blockchain gaming directly over the course of its development.

Without a doubt, Metacade has some incredible potential for future growth. As a comprehensive metaverse crypto platform that utilizes blockchain technology, it is well-positioned to deliver improved user experiences compared to the current gaming industry – a sector in dire need of a shakeup.

How does MCADE work?

Metacade will offer both casual and competitive gaming experiences to its users. Users will be able to play solo, progress through levels, and try to beat the arcade’s high scores, or even join paid entry tournaments for the chance to win generous MCADE prizes.

Furthermore, Metacade has an advanced incentive structure to create an industry-leading hub for GameFi alpha. Users will be able to earn MCADE tokens in exchange for simply sharing their insights, posting game reviews, and interacting with other users, with content creators being directly rewarded for their contributions.

For users looking to kickstart a career in Web3, Metacade’s Work2Earn feature will provide an invaluable service. From 2024 onwards, Metacade will incorporate a crypto jobs board for full-time job adverts. Prior to this, the project will also aim to offer part-time gig work and game testing opportunities where users can earn an income paid in crypto.

Metacade Price Prediction 2023: Will MCADE reach $1?

Metacade’s unique set of features makes it a well-defined and comprehensive metaverse crypto platform. It offers a broader set of services than the vast majority of GameFi projects, and this has led many to speculate that it could become a top 3 metaverse through market capitalization.

2023, then, looks like the year that MCADE starts to take off. The Metacade platform will be launched to the general public, the presale will be completed, and the MCADE token will be made available on exchanges. With that in mind, MCADE could post 50x gains and rapidly hit the $1 mark.

MCADE vs MANA price prediction: Which will grow more?

While the MANA price prediction has been bullish over recent years, it looks unlikely to overcome the expected surge for MCADE. The MANA price prediction forecasts 4x gains for Decentraland, while MCADE is expected to produce 50x returns at least.

Over time, Metacade could rival the top metaverse crypto projects around. To get involved, head over to the Metacade website and buy as many MCADE tokens as possible before the end of the presale. The price is set to rise from $0.008 to $0.02 during Metacade’s presale, and experts expect it to go up to $0.20 during 2023.

You can participate in the Metacade presale here.

The post Top Metaverse Crypto Projects Metacade (MCADE) and Decentraland (MANA) Price Predictions for February appeared first on CoinJournal.