Schlagwort: blockchain analysis

With an ongoing crypto winter leaving many investors dissatisfied with subpar gains (if any) in 2022, 2023 is expected to bring greener pastures. While many tokens are predicted to make a roaring comeback, there’s one in particular that many have recently placed big bets on. It’s called Metacade, and the hype surrounding the project has led to continuous sellouts during its token presale. Read on to find out why.

The Ongoing Crypto Winter Has Left Many Investors Feeling Frosty

Following rising inflation, interest rate hikes, and the downfall of some of crypto’s most prominent players in 2022, many projects are down significantly from their 2021 highs during the current crypto winter. Bitcoin – often regarded as the benchmark for crypto performance – fell 77.5% from its $69,000 high in November 2021 to a low of $15,476 roughly a year later. 

Altcoins like DOT plummeted over -92% in the same period, while others have shown a little more resilience. TRX, for example, has roughly matched BTC’s performance, falling -74.9% from its 2021 high to its 2022 low. While prices have made a slight resurgence in early 2023, some still consider the crypto winter woes to be far from over. Despite this ongoing bearishness, one token has been attracting millions in investment: Metacade.

What is Metacade (MCADE)?

Metacade is a play-to-earn (P2E) community hub that’s aiming to be an early leader in the GameFi revolution. Its goal is to be the number one place in Web3 to explore, learn, and make the most of P2E gaming. Metacade gives players all the tools they need to get ahead in this fast-growing space, like dedicated forums, reviews, game leaderboards, and leading GameFi alpha shared by P2E veterans. 

Moreover, it fosters a loyal community by giving players as much value as possible. Alongside regular tournaments, prize draws, and competitions, Metacade is using the power of decentralization and crypto for good, rewarding players for their contributions and giving them a say in the games they’ll be playing. There are even plans for a job board and for the project to transition into a decentralized autonomous organization (DAO).

A Deep Dive Into Metacade’s (MCADE) Key Features

Traditionally, gamers are invited to share reviews and tips with others without receiving anything for their efforts. Who benefits from this? Primarily the platform hosting these reviews and tips. 

Metacade realizes this, and instead of benefiting and giving nothing back, it’s paying users directly with the MCADE token for their role in growing the community. That means even if you’re just getting started in P2E, you can earn by simply sharing your opinions on a new game you’ve been playing or posting tips that other players can use to get ahead. 

In late 2023, Metacade will also be awarding its first Metagrant. Metagrants enable the community to direct the project’s funds toward selected game developers, intending to finance the next generation of community-backed P2E games. Developers enter their game proposals into one of the Metagrant competitions, and the idea that earns the most votes from MCADE holders is awarded funding from the treasury. 

The finished title is hosted in Metacade’s virtual arcade for anyone to log on and enjoy. All it would take is one groundbreaking game to be produced by the community, and Metacade could be thrust into the mainstream media spotlight, sending the MCADE token soaring. 

As mentioned, Metacade will also be launching a job board. Expected in 2024, this board will feature casual gigs, part-time roles, and full-time positions working with Web3 and GameFi titans. Whether you’re interested in testing games using Metacade’s testing environment for some extra income or looking to get your foot in the door as a game developer, you’re bound to find something that suits your skills. 

Finally, Metacade will fully transition to a DAO in late 2024. While the groundwork is expected to be laid as early as Q2 2023, this transition will see the core Metacade team stepping down and handing the reins over to elected Metacade members. From this point forward, MCADE holders will determine the future of the world’s first democratically-run virtual arcade.

Metacade (MCADE) Might Just Be One of the Best Performers of 2023

So just how well has Metacade been performing in presale, despite the ongoing crypto winter? In the first seven weeks of the MCADE presale, approximately $3.4m million has been raised by thousands of investors across the globe. 

The price of MCADE tokens has already risen from the starting price of $0.008 to $0.012, with prices expected to reach $0.02 by the end of its presale. However, many analysts believe MCADE has much more room to grow, with some setting targets of at least $0.20 by the end of 2023 if the crypto winter subsides as forecast. 

This is supported by the fact that GameFi is set to take off this year. Absolute Reports puts the industry’s annual growth rate at 20.4% between 2022 and 2028, while Crypto.com predicts that it will grow much faster, at a rate of 100% per year. Given how critical social hubs are to gamers and Metacade’s first-mover advantage, it could soon become the premier destination for all things P2E. 

If you think Metacade is on to something, then check out the MCADE presale as soon as possible. Time is quickly running out to grab MCADE tokens at $0.012 before it moves on to the next stage of presale!

You can participate in the Metacade presale here.

The post Metacade’s (MCADE) Presale Is Selling Out Amid the Crypto Winter – Here’s Why appeared first on CoinJournal.

• dYdX price has made a strong recovery recently.

• There will be a token unlock on February 3.

• The unlock will open up over 150 million tokens.

dYdX token price has joined other cryptocurrencies in a strong rally recently. It has managed to jump from last year’s low of $0.9922 to a high of $1.722. However, there are concerns that the token could have a major drawdown in the coming weeks as the dYdX token unlock nears.

dYdX token unlock

dYdX is one of the biggest decentralized crypto exchanges (DEX) in the world. It handled tokens worth over $953 million in the past 24 hours, second only to Uniswap, the DEX pioneer. The exchange is known for its advanced trading features that include perpetual futures contract and other derivatives. It is also well-known for its low fees for traders.

Like other DEXes, dYdX has its native token that has two primary roles. First, it allows holders to vote for key issues in the exchange. In this regard, it has a similar role to Uniswap’s UNI token. Second, the token provides holders with trading discounts in its ecosystem. Therefore, the rebound of cryptocurrencies has had a positive impact in its ecosystem as volume rises. 

dYdX, however, has a major negative catalyst in the coming weeks. The dYdX token unlock will take place on February 3 of this year. This unlock will see 150 million tokens unlocked to the market. As a result, it will increase the circulating supply to over 290 million tokens, which will dilute existing investors.

There are other unlocks that happen continually. For example, daily trading rewards happen every month while 1.1 million liquidity provider tokens open monthly. Liquidity and safety modules happen per month. It is estimated that 5.6 million of dYdX tokens are circulated in the market every month. As shown below, dYdX’s tokenomics has so many moving parts that tend to benefit insiders.

Is dYdX token a buy ahead of unlock

In theory, with so much liquidity coming in the market, one would expect that the dYdX price would continue falling. However, in some instances, this is usually not what happens. For example, in this article, I wrote that Axie Infinity’s AXS token surged even as the network unlocked its tokens on Monday. 

Further, at times, fundamentals in cryptocurrencies rarely make sense. This explains why the FTX Token, Voyager Digital Token, and Celsius Network are still trading. The three have a combined market cap of almost $1 billion. In fact, I will not be surprised to see the dYdX token price rising ahead of the token unlock. One reason is that the developers could make a big announcement towards the unlock to tilt the balance.

How to buy dYdX token

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DYDX with eToro today Disclaimer

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy DYDX with KuCoin today

The post dYdX token unlock date: How will it affect the price? appeared first on CoinJournal.

There has been a great deal of criticism of top meme coin projects such as Dogecoin (DOGE) and Shiba Inu since their high-energy communities built up so much momentum and rocketed the projects up the crypto charts.

However, both projects have been able to weather the bear market of 2022. So holders will be looking at Shiba Inu price predictions for 2023 to come to a conclusion about the investment potential of the token.

Many SHIB investors are being drawn to a new and exciting project, Metacade, that looks set to deliver much more dramatic gains in 2023. With the challenges that face SHIB and the high potential of the Metacade project, we’re likely to see more and more SHIB holders look to capitalize on MCADE’s likely rise above SHIB over the coming months.

What is Metacade?

Metacade is an innovative new project that is planning to provide its users with an incredible and diverse play-to-earn (P2E) arcade. By building around this flagship P2E arcade, Metacade is set to redefine GameFi by creating a community hub that puts gamers first.

Although the P2E arcade is already attracting a lot of attention from savvy investors who can see its potential, the Metacade ecosystem is supported by a host of other complementary features.

An ingenious rewards system is in place throughout the project, with rewards for playing games and winning competitive tournaments hosted on the Metacade platform, and contributing to the community through actions like writing game reviews. This incentivizes users to contribute to the project and is a strategic masterstroke in ensuring the project can build huge momentum.

How does it work?

The project uses a utility and governance token, MCADE, to power the rewards system and as a medium of exchange across the platform. MCADE tokens can also be staked, allowing token holders to earn a passive income, with rewards even provided in stablecoins so as not to increase the circulating supply of MCADE.

Metacade has another innovative mechanism that furthers the success of the platform — Metagrants. Metagrants will allow game developers to pitch ideas within the Metacade ecosystem, with MCADE token holders able to decide where funding should be allocated. This will help drive engagement and adoption of the platform, as the community gets to give the funds to the projects they are most excited about.  

The Metacade team has understood the importance of the project becoming self-sustaining, so there are a number of different revenue streams set up to support the project on an ongoing basis. This includes on-platform advertising, a gaming launchpad, and competitive tournaments, to name but a few. 

Metacade (MCADE) Price Prediction: The sky is the limit

Metacade boasts a clear strategic plan that has considered all elements of ensuring the success of the project. With the GameFi space already showing its robustness, it’s well understood that it’s a part of Web3 that is set to explode. There’s no surprise, then, that the outlook for Metacade is much brighter than the Shiba Inu price prediction.

With the MCADE token selling out fast during its red-hot presale, there’s no doubt that the price of MCADE looks very likely to see some dramatic increases over the coming months. With GameFi predicted by many to see a surge in adoption, MCADE could reach as much as $0.50 in 2023 and seems likely to get to $5 before 2025. 

Shiba Inu Price Prediction: Can it hold on?

A challenge that meme coins face is that they rely heavily on the hype built by the community and need momentum to keep rising. While SHIB undoubtedly still has a significant community of supporters, with little real-world utility from the project, it seems unlikely that the project will be able to see the levels of hype it achieved back in 2021.

The Shiba Inu price prediction takes this into account, with SHIB needing to focus on holding on to its current price, meaning that if SHIB were to hold $0.000008 by the end of 2023, it would be considered a successful year for the project. Barring any dramatic changes in utility, the token seems likely to begin a slow decline over the next year while the community desperately tries to generate more interest.

Metacade (MCADE) v Shiba Inu (SHIB): Which is better?

There can be no doubt that MCADE represents a significant opportunity to all investors, and this is likely the driver of huge interest seen thus far in the presale. While SHIB might be able to hang on for a while longer, any serious investor looking for big returns on their investment should be jumping into MCADE and leaving the Shiba Inu community well alone. With this in mind, Metacade seems very likely to surpass SHIB over the coming months.

You can participate in the Metacade presale here.

The post Shiba Inu (SHIB) Price Prediction – Metacade Could Surpass SHIB in the Upcoming Months appeared first on CoinJournal.

The Sandbox is one of crypto’s metaverse first-movers, but its epic decline during the 2022 bear market has left some investors dismayed. Are you wondering what’s in store for this leading metaverse token? Below, you’ll find a The Sandbox price forecast for 2023 and learn about Metacade – a project that many have predicted could significantly outperform SAND this year.

The Sandbox (SAND) has failed to attract players

The Sandbox is an Ethereum-based virtual world where users can truly own and monetize their creations. Set in an open-world sandbox, the platform lets players explore their creativity and use a selection of tools to generate immersive experiences for others to play. 

The Sandbox utilizes NFTs to represent in-game assets, like LAND and ASSETS, enabling them to be bought and sold on the open market. It’s one of the leading metaverse crypto projects, alongside Decentraland, which saw its SAND token spike in price after Facebook, now Meta, announced its foray into the metaverse.

However, the hype fizzled out during 2022’s bear market, sending the price of SAND plummeting. After reaching a high of $8.48 in November 2021, SAND has recently made a low of $0.37 – an approximate 95.6% decline. 

This is partly down to a lack of adoption by regular players. Since the start of 2021, The Sandbox has struggled to attract more than 1,000 users per day for a sustained period of time, often clocking in just hundreds of users (DappRadar). Compare that to traditional metaverse games like Roblox and Fortnite, which have millions of daily active users, and The Sandbox seems a little overvalued. 

The Sandbox (SAND) Price Forecast

SAND has seen somewhat of a resurgence in January. After hitting its $0.37 low, SAND has rallied to make a high of $0.71 in around two weeks. However, this area is expected to pose significant resistance, according to The Sandbox price forecasts. In the short term, many experts The Sandbox price forecasts have set targets for as low as $0.54. Over the longer term, some analysts predict that SAND could collapse to $0.24 if its user count doesn’t pick up soon.

Metacade (MCADE) is setting the standard for gaming communities

Metacade is a play-to-earn (P2E) community hub that, like The Sandbox, is aiming to revolutionize ownership in gaming. Instead of giving players ownership of their in-game assets, however, Metacade empowers them to truly own the community they call home. 

Fundamentally speaking, Metacade has everything you’d expect from a social gaming platform, like forums, reviews, game leaderboards, and tournaments. But, by harnessing the benefits of crypto and decentralization, it’s expected to kickstart a new paradigm in the way social platforms are operated.

For instance, it’s launching the Metagrants scheme late this year. Metagrants give MCADE holders voting rights to determine which game developers should be awarded funding from the Metacade treasury. Dozens of developers will go head-to-head to battle it out and earn the most votes in each Metagrant competition, with the winner being given financing to build their vision. They even have the opportunity to use Metacade’s native testing environment to receive feedback on their games from its most avid supporters.

These community-backed titles are then added to Metacade’s virtual arcade for anyone to play. With the potential to be responsible for creating some of the best P2E games the world has ever seen, Metacade could soon be in the spotlight if just one game takes off. 

In 2024, Metacade will become a decentralized autonomous organization (DAO) and complete its final step toward becoming the world’s first player-owned virtual arcade. From here, the direction of the project will be determined by the community, with members of the collective stepping up to take leadership roles. They’ll be able to decide which upgrades are implemented, whether to accept new partnerships, and even set the token supply burn rate – a move that could steadily increase the price of MCADE over time. 

Metacade (MCADE) Price Forecast

In comparison to The Sandbox’s price forecast, Metacade is expected to outperform SAND this year. Its MCADE token presale has been a roaring success, selling over $1.12 million in the beta sale. Currently, in phase 2 of its presale, Metacade has raised over $3.2 million while the MCADE token has increased 50%, as planned,  to $0.012 from its initial price of $0.008. By the time the presale is over, it’s predicted to climb as high as $0.02, meaning the earliest investors could be up 150%! 

With the GameFi industry likely to make significant steps in 2023, Metacade could be the hottest P2E token out there. Analysts have begun to forecast prices of $0.20 by the end of the year, with some even predicting it could reach $0.50 – up 2,400% from its projected final presale price. 

Metacade (MCADE) seems certain to outperform The Sandbox

By now, it’s clear to see that MCADE is a better investment choice than SAND. While The Sandbox has certainly pioneered crypto-based metaverses, its lack of adoption is unlikely to change anytime soon. This is why so many The Sandbox price forecasts predict that reclaiming the $8 zone is an almost impossible target over the next few years; there’s simply not enough demand. 

Meanwhile, Metacade has everything to gain and virtually nothing to lose. Its MCADE token presale has already attracted thousands of investors and plenty of media attention, and it seems like the current $3.2 million raised is only the beginning. If you’re thinking of investing in SAND – stop. Take a moment to flick through Metacade’s whitepaper and see why some are calling it the best P2E token of 2023.

You can buy The Sandbox (SAND) at eToro here.

You can participate in the Metacade presale here.

The post The Sandbox (SAND) Price Forecast – Why Metacade (MCADE) Will Outperform SAND in 2023 appeared first on CoinJournal.