FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale

Crypto markets were shaken to the core by the recent news that the world’s second-largest crypto exchange FTX was to file for bankruptcy in US courts. An $8 billion black hole was discovered in FTX’s balance sheet after dozens of customers withdrew their funds, and a potential takeover from arch-rival Binance fell through, leaving founder and CEO Sam Bankman-Fried no option but to apply for bankruptcy.

Despite this latest blow to hit the markets, Metacade looks set to hold its value and skyrocket during its presale.

What is Metacade?

Metacade is the first community-led gaming arcade to appear on Web 3.0. It’s a place where gaming enthusiasts can gather and hang out while playing the latest play-to-earn (P2E) titles. It plans to become the leading GameFi platform in the metaverse, offering something for investors, gamers and developers alike.

The entire ecosystem is underpinned by the MCADE coin, which can be spent, staked, and earned within the platform. As well as the P2E side of the gaming experience, users can contribute to the community in several other ways, earning rewards as they go. These include:

  • Knowledge sharing in the social space
  • Backtesting games
  • Providing feedback to developers
  • Writing game reviews
  • Regular prize draws

The overarching aim of Metacade is to produce a fully autonomous and community-owned space in which the members have complete control over platform decisions while offering one of the most in-depth range of titles in the Web 3.0 GameFi space that will keep users coming back again and again.

Why is Metacade different?

Several aspects of Metacade’s roadmap, which can be viewed on its white paper, set it apart from its GameFi competitors. The most obvious is the vast catalogue of titles that will continually evolve as developers create new titles. Unlike other gaming platforms, Metacade isn’t reliant on one or a limited number of titles to maintain members’ interests.

Metacade has not accepted funding from venture capitalists in an attempt to bring on board only those with a genuine interest in gaming. Further, the MCADE presale is open to all, so when MCADE enters the market, its community members stand to benefit the most from an upturn in value.

This not only puts the power of gaming back in the hands of those who care most about video games, but the unique and self-sufficient economy will also see MCADE tokens given back to its users through in-game rewards, competitions, prize draws, staking, and community engagement. Additional revenue will be drawn into the game through advertising, a pay-to-play arcade, and job listings. 

This community approach is at the centre of every part of Metacade’s roadmap. It’s a hub where developers can turn their ideas into reality and gain community-approved funding through Metagrants, voted for by members and distributed by the platform. In addition, those looking to build a career in the GameFi space can apply for a range of vacancies with some of the biggest Web 3.0 industry.

Why MCADE is Set to Skyrocket

Although the crash of FTX has created significant unease among investors and markets, particularly given the levels of liquidity and market cap value lost, those cryptocurrencies yet to be listed on an exchange have been insulated from the worst of the crash’s impact.

This, along with the platform’s clear potential for longevity is a rarity in the metaverse world in that it is a platform where users can accomplish many of the things they would like to do in Web 3.0. 

In addition, once the presale is complete, the market cap will likely be around $28 million. This makes it far smaller than competitors, such as The Sandbox and Decentraland, which achieved peaks of more than $5 billion. This illustrates how much potential the MCADE token has to grow. 

Buy MCADE in Presale

Early investors in MCADE will end the presale, having made a return on their money if they choose to sell. During the presale’s opening round with investors able to get 125 MCADE for $1. Its nine rounds sees the value increase to a final value of 50 MCADE for each $1 invested. This already makes it an appealing prospect.

However, the rich potential of the platform and the exceptionality tightly knit thoughout its route to market gives Metacade a feeling of being undervalued – even when taking into account the market instability caused by FTX’s crash. All of this means that Metacade could well be the bargain investment of the year.

You can participate in the Metacade presale here.

The post FTX to File for Bankruptcy as Metacade (MCADE) is Set to Skyrocket in Presale appeared first on CoinJournal.

MATIC set to be bullish after Starbucks Odyssey Beta launches on Polygon

  • Starbucks Odyssey Beta launches on Polygon.

  • MATIC is up by 4% today and could rally higher soon.

  • The broader crypto market could end the week in a positive tone after underperforming for most of the week. 

Starbucks Odyssey Beta launches on Polygon

The Polygon team announced a few hours ago that Starbucks Odyssey Beta is now live on its network. Polygon explained that the Starbucks Odyssey is an extension of the Starbucks Rewards loyalty program that unlocks access to exciting new benefits and experiences for members. 

This latest cryptocurrency news has seen MATIC performing well over the past few hours. MATIC, the native token of the Polygon ecosystem, is up by more than 4% in the last 24 hours as the broader market recovers.

At press time, the price of Polygon stands at $0.9259, up by more than 4% today. The total cryptocurrency market cap stands above $855 billion, up by nearly 2% in the last 24 hours.

Bitcoin, the world’s leading cryptocurrency by market cap, is up by more than 2% in the last 24 hours and is now trading above $17k for the first time this week.

Key levels to watch

The MATIC/USD 4-hour chart has turned bullish as MATIC has been performing well over the past 24 hours. The technical indicators show that MATIC is coming out of its recent bearish run and could surge higher soon.

The MACD line has crossed into the positive zone, indicating that the bears are currently not in control of the MATIC market. The 14-day RSI of 54 shows that MATIC could be heading to the overbought region if the bullish trend continues.

With the bulls now in charge, MATIC could surge past the $0.9577 resistance level before the end of the day. With the Starbucks news, MATIC could have an extra incentive to move towards the $1 psychological level for the first time this month.

Where to buy Polygon now

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 MATIC with eToro 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 MATIC with OKX today

The post MATIC set to be bullish after Starbucks Odyssey Beta launches on Polygon appeared first on CoinJournal.

7 of the Best Play-to-Earn Crypto Games to Invest in for 2023

In a recent report, DappRadar stated that $1.3 billion was raised by play-to-earn and metaverse games in Q3 2022 alone. This comes with almost a million daily active wallets interacting with these games. These figures show that, even since its beginning, play-to-earn gaming has been offering excellent investment opportunities that can’t be missed.

If you’re wondering where to start with play-to-earn investing, we’ve got you covered. In this article, we’re going to break down seven of the best play-to-earn crypto games to invest in to get in early on the gaming revolution. Let’s explore.

1. Metacade (MCADE) – Your Best Play-to-Earn Investment

Metacade is a community hub built for the future of play-to-earn (P2E) gaming. It’s not a game itself, but Web3’s ultimate destination for finding the latest play-to-earn titles, connecting with like-minded gamers, and learning the best ways to maximise your play-to-earn income. 

Metacade’s core philosophy is to help players make the most out of P2E gaming. That’s why you’ll find reviews, game leaderboards, and alpha from industry experts that help anyone, no matter their gaming background, find their feet in this incredibly exciting industry. But perhaps most importantly, Metacade wants to help players have a direct say in the games they play.

To encourage experienced play-to-earn gamers to share their knowledge with new players, Metacade is rewarding those that post reviews, alpha, and other content with the native MCADE token for their contributions. But even if you’re a noob in the play-to-earn space, you can still earn just by sharing your thoughts on a new game you’ve been playing. 

Metacade offers multiple ways to boost your play-to-earn income, not just through sharing content and learning best practices. On the platform, you’ll find prize draws and tournaments for you to pit your skills against other Metacade players for a chance to win a big prize. If you can’t wait to start playing the latest play-to-earn titles, then you can also earn MCADE tokens for testing out new games for Metacade’s developer community. 

In 2024, you’ll even be able to find long-term work in the gaming industry with Metacade’s job board. Here, you’ll discover part-time tester roles, internships, and salaried positions with the game studios at the forefront of play-to-earn gaming. 

Once Metacade becomes a thriving community responsible for some of the best play-to-earn games on the market, the core team will step back and allow the community to take the reins by forming a decentralised autonomous community (DAO). From here, each key decision, like new features, partnerships, and leadership positions, will be voted on by MCADE holders, turning Metacade into the world’s first community-owned virtual arcade in the process. 

With its ideas around being the number one destination for everything play-to-earn gaming, community ownership, and crowdsourced game development, Metacade is poised to dominate the play-to-earn space. This leads us to crown MCADE as the number one best play-to-earn crypto to buy if you’re looking to get in early on the gaming revolution.

>>> You can participate in the Metacade pre-sale here <<<

2. Axie Infinity (AXS & SLP) – Team Battle Style Game

Axie Infinity is one of the most well-recognised play-to-earn games on the market today. Axie Infinity is a Pokémon-esque game built on the Ethereum blockchain. Players build up a team of three Axies that are used in battle against other players for the chance to win Smooth Love Potion (SLP) and Axie Infinity Shards (AXS) tokens, which can be sold for fiat. You can also earn by completing quests, defeating AI enemies in Adventure mode, and farming key resources.

Axies are stored on the blockchain as NFTs and can be bought and sold on the Axie Infinity Marketplace. Today, you’ll find Axies ranging from a couple of dollars for the most basic to hundreds of thousands for the rarest. Players can take advantage of the unique characteristics of their Axies to breed new Axies with rare features, enabling them to be sold for a profit.

Since a surge in popularity in 2021, Axie Infinity has remained one of the most popular play-to-earn games, still attracting hundreds of thousands of monthly players that transact millions of dollars every day. The game’s governance token and primary investment vehicle, AXS, is our second choice for the best play-to-earn cryptos to invest in.

3. The Sandbox (SAND)

The Sandbox is a 3D virtual world that allows players to build whatever their heart desires, like a literal sandbox. The Sandbox is split up into thousands of plots of digital land, represented by the LAND NFT. Users buy LAND and other in-game assets on The Sandbox’s Marketplace using the SAND token. This LAND is then used to build monetisable games, experiences, and social hubs for the rest of The Sandbox community to interact with.

If users want to create their own unique objects, they can use VoxEdit, a tool for designing art, cars, wearables, characters, monsters, and more. The items generated can be sold on the marketplace for a profit or used in the Game Maker, The Sandbox’s plug-and-play solution to game design. 

There are already dozens of immersive experiences to be found in The Sandbox, like Hell’s Gate, vEmpire, and Xalya Sanctuary, all built using VoxEdit and the Game Maker. For this reason, SAND is our third option for the best play-to-earn cryptos to invest in.

4. Splinterlands (SPS & DEC) – Card-based Battles and Deckbuilding

Splinterlands is a trading card game that can be thought of as the blockchain version of Magic: The Gathering. Each card is owned as an NFT and is used as part of a larger deck in head-to-head duels against other players. If you win enough games, you can climb to the top of your rank’s leaderboard to win packs of cards, which can be upgraded, sold, and even rented to other players. 

You can also earn Dark Energy Crystals (DEC), the game’s native currency, by completing quests and winning tournaments to spend on new cards. Some of these cards fetch thousands of dollars for the rarest and most powerful. Splinterlands also uses the Splintershards (SPS) token, which is a governance token that players use to vote on upcoming changes to the game. 

With over 300k active players in the past week alone (DappRadar), Splinterlands is one of the best play-to-earn games, and its SPS token is our fourth choice for the best play-to-earn cryptos to invest in. 

5. Alien Worlds (TLM) – Exploring the reaches of space

Alien Worlds is a blockchain-based game set in space. The primary objective of the game is to mine Trillium (TLM) while completing quests, battling other players, and developing your in-game land. This land is found on the game’s seven planets and can be mined for your own gain or rented out for others to mine. Each planet has its own DAO, and stakers of the TLM token can vote in weekly elections, treasury distribution, and other decisions that affect the planet’s future. 

When mining, there’s also a chance to win one of the game’s NFTs, like a tool, weapon, or minion, that can be used to get ahead in-game or sold on the marketplace. Players can also earn these NFTs by staking their TLM for a set period. The longer the lock-up, the rarer the NFT reward. 

Alien Worlds is the most popular play-to-earn game on the market, attracting about 650k active players in the past month, according to DappRadar. As the game continues to dominate, we’ll likely see TLM substantially rise in price. That prompts us to put it at number five as one of the best play-to-earn cryptos to invest in.

6. CryptoBlades (SKILL) – Raiding and Ranking

CryptoBlades is a play-to-earn game that merges traditional RPG gameplay with a crypto element. The game is set in a mystical land, and the aim is to battle other players, win SKILL tokens, and upgrade your weapons to climb the ranks. Each character has a set of attributes, like stamina and power, that give them a better chance of winning duels, but you can also purchase or forge new weapon NFTs to give yourself a fighting chance. 

Like many other RPG games, you can also team up with other players and go on raids. Raids are missions to take down one of the game’s bosses, and the higher your collective rank, the harder it will be to win. However, this also means your chances of earning some serious loot increase. Quests can also be completed to boost your rank, increasing your SKILL rewards from playing.

CryptoBlades is one of the leading play-to-earn RPG games and SKILL is our sixth choice for the best play-to-earn cryptos to invest in.

7. Gods Unchained (GODS) – Card Battles with NFTs

Gods Unchained is another turn-based play-to-earn trading card game. Each card is stored as an NFT on the Ethereum blockchain, meaning that it can be bought and sold on the game’s marketplace using the GODS token. Cards have a wide range of different attributes, giving them more rarity and enabling them to be sold for thousands of dollars at a time. 

New players are given 140 cards to start with, and through winning battles and climbing the leaderboards, can build a powerful deck to take on higher-ranked players. They can also win Flux, an in-game currency that is non-tradeable, unlike GODS. Flux is used to forge new cards and improve existing ones, which can be used to advance your deck or sold for a sweet profit. 

Like Splinterlands, Gods Unchained has gained a loyal fan base through its improvement in the trading card game genre. With digital ownership being brought into the mix, Gods Unchained has seen rapid success as one of the premier games in this genre. Therefore, GODS is our seventh choice as the best play-to-earn crypto to invest in. 

The Best Overall Play-to-Earn Crypto Project: Metacade (MCADE)

There are many excellent games on this list that are likely to do very well over the years. Games like Axie Infinity and The Sandbox have already proven that they can attract sizeable crowds with their innovative game mechanics, while titles like Splinterlands and Gods Unchained are demonstrating that improving an old format with new technology can yield incredible results. 

There’s also the risk that some of the games might fall out of favour for a wide variety of reasons. That’s why there’s no other place to put Metacade but in pole position. Metacade only relies on play-to-earn gaming growing as a whole to see success, not any one game’s performance. As old titles fade away and new titles join this rapidly-growing industry, Metacade will be there at the centre of it all. 

When you consider that, according to Crypto.com, play-to-earn gaming is expected to grow at 10x the rate of traditional gaming by 2025, Metacade is in a perfect position to deliver massive gains over the next few years as its popularity soars. And there is no better time to buy than right now. 

With the Metacade presale still in phase 1, you can pick up 125 MCADE tokens for just $1. Compare that to phase 8, where you’ll get just 50 MCADE tokens for $1. If you want to more than double your long-term returns on Metacade, then consider whether you should become one of the earliest investors in this fantastic project. It could just be one of the best play-to-earn cryptos you ever invest in.

You can participate in the Metacade pre-sale here.

The post 7 of the Best Play-to-Earn Crypto Games to Invest in for 2023 appeared first on CoinJournal.

How bullish is Aave after recovering from the $50 bottom?

  • AAVE has been recovering from the $50 bottom

  • The cryptocurrency has suffered from limited DeFi activity

  • AAVE needs to overcome resistance at $71 and the descending trading channel

Aave price (AAVE/USD) touched a low of $50 on November 22. The level is a crucial support that AAVE traded at in June. Afterwards, AAVE embarked on strong bullish momentum, hitting $115 in August. If history repeats itself, AAVE buyers could look at another bullish rally that could last for a while. However, it is not that straightforward.

Since August, AAVE has been bearish. The cryptocurrency has been making lower lows and lower highs. Although the cryptocurrency recovered strongly in October, the FTX crash inspired a sharp drop to the $50 bottom. However, with AAVE trading at $62 as of press time, it gives hope that AAVE could continue to surge. 

The Achilles’ heel of Aave has been a decline in DeFi activity. Aave is a leading decentralised lending ecosystem. It allows users to borrow and lend crypto assets for a reward. However, activity has been falling, with the total value locked at $3.76 billion as of press time. The TVL is a drop from $5.4 billion a month earlier. It also compares sharply to a TVL of $18.94 billion in October 2021. Consequently, a sustained recovery of AAVE could be tied to the uptick in DeFi activity and cryptocurrencies.

AAVE trades on a descending channel amid recent price recoveries

AAVE/USD Chart by TradingView

A technical outlook shows AAVE losing bullish power near the $71 resistance. This is the immediate resistance that AAVE needs to overcome to consider a further upside.

But besides the resistance, AAVE trades in a descending channel. Investors could shift attention to whether the cryptocurrency will break above the upper limit of the descending channel.

Will AAVE go higher?

AAVE is not yet bullish despite the recent recoveries. Nonetheless, a recovery above $50 should reignite hopes for buying AAVE. To consider a bullish bias, a recovery above the $71 resistance and the descending channel is needed.

Where to buy AAVE 

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 AAVE with eToro 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 AAVE with OKX today

The post How bullish is Aave after recovering from the $50 bottom? appeared first on CoinJournal.

Litecoin price comeback stalls as hashrate nosedives

Litecoin price recovery stalled this week after defying gravity amid the ongoing crypto sell-off. LTC retreated to a low of $75.60, which was a few points below this month’s high of $84.47. It remains about 60% from the lowest level in November.

LTC hashrate slumps 

Litecoin has been in a strong bullish trend in the past few months as demand for the coin remained at an elevated level. Its rally was surprising because of the performance of Bitcoin, Ethereum, and other large-cap cryptocurrencies. For example, BTC has remained slightly above the year-to-date low of $15,400.

Litecoin’s rally coincided with the strong performance of its hashrate. In November, the hashrate rose to an all-time high of 633 TH/s, which was higher than this year’s low of 328 TH/s. 

Hashrate is an important data in proof-of-work cryptocurrencies because it helps to measure the health of the network. It is used to determine the number of guesses that are made in the network per second. 

This week, however, Litecoin price has dropped amid rising concerns about the crypto and stock market. The decline is notable since it happened because of the dropping hashrate. According to Coin Wars, the hashrate has dropped to 537, the lowest level since November 21.

Why LTC is dropping

There are other reasons why LTC has dropped. First, it has declined because of profit-taking in the coin since it rose by over 65% from its lowest point in November. This is a common situation across the broader market.

Second, it slumped because of macro levels. On Friday, data by the US showed that the American economy added over 282k jobs in November. In the same period, the unemployment rate remained at 3.7%.

And on Monday, data showed that the American services sector remained in an expansion level. Therefore, investors believe that the Federal Reserve will likely continue hiking interest rates in the coming months.

Third, it seems like most crypto investors have reached panic levels, pushing them to sell their coins. The evidence is that the number of Bitcoins in exchanges has dropped sharply in the past few weeks. 

While some of these coins have moved to external wallets, data suggests that the number of coins in self-storage has not grown by much. This suggests that investors are still fearful about the crypto market. Indeed, the crypto fear and greed index has slumped to the fear level of 23.

How to buy Litecoin

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 LTC with eToro 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 LTC with OKX today

The post Litecoin price comeback stalls as hashrate nosedives appeared first on CoinJournal.