Schlagwort: crypto business

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.

• Axie Infinity’s token has jumped to the highest point since November.

• Over 3.8 million of AXS tokens will be unlocked on Monday.

• The number of monthly active players has slumped.

Cryptocurrency prices have had a strong start of the year. Bitcoin price surged to above $23,000 during the weekend, the highest point in months. AXS, Axie Infinity’s main token, has risen by over 40% in the past 24 hours, according to Binance. This makes it the second-best-performing cryptocurrency after SNM, which has risen by over 127% in the same period. 

Avoid this AXS rally

There are reasons to avoid this rally. First, like in stocks, it is always important for you to do your due diligence before you invest in an asset. A quick due diligence shows that this rally is not supported by fundamentals. 

First, a closer look at its tokenomics shows that there are about 4.8 million AXS tokens that will be unlocked on Monday. These tokens are valued at over $65 million. This is notable because token unlocks are usually bearish catalysts since they increase the amount of coins in circulation. 32% of total AXS tokens are currently locked.

As such, analysts believe that the team could make an announcement ahead of the release to act as a counter-balance to the move.

Second, Axie Infinity is only valuable if the number of users in the ecosystem are using it. For example, in the stock market, you would only invest in companies that are at least generating revenue. Unfortunately, Axie Infinity’s ecosystem is in trouble, with the number of players in a downward trend.

Data collected by ActivePlayer shows that the number of monthly users has crashed to the lowest level in years. The average number of players in the past 30 days was 432k, lower than its all-time high of over 2.7 million. 

Therefore, the AXS recovery should be taken with a grain of salt since the fundamentals are not supportive of it.

AXS price prediction

AXS/USD chart by TradingView

Axie Infinity’s token formed a double-bottom pattern at $5.92 between November and December. It managed to move above the upper side of the double bottom’s neckline at $10.23. Another bullish thing is that the coin’s daily volume has risen in the past 2 days. Therefore, despite these bullish moves, I believe that AXS token price will likely resume the bearish trend and retest the support at $10.23.

Of course, traders could push an asset much higher for no reason. If this happens, the key resistance level to watch will be at $16.

How to buy Axie Infinity

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 AXS 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 AXS with Bitstamp today

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