As Elon Musk continues to use Twitter as his personal playground, dubious headlines continue to follow the self-proclaimed “Dogefather” as his one-man revolution hurtles through online social media like a whirlwind. With investors investing in Tesla losing confidence over its preoccupations, those investing in crypto fear that its erratic nature could affect Dogecoin price even as crypto markets ease.
One platform unaffected by Elon Musk’s behavior is the new online arcade Metacade, with native MCADE tokens launching in April and May and can be listed on the popular stock exchanges Uniswap, Bitmart and MEXC.
Can MCADE reach $1 by 2023?
The outlook for the GameFi sector looks extremely bright, with growth expected to outpace traditional gaming sectors over the next five years. With the huge potential behind Metacade’s multi-gaming platform, experts are trying to understand how it can be harnessed in 2023. Expectations are high and predict a price increase of MCADE to $1 before the end of the year.
As many of Metacade’s competitors continue to rely on a single gameplay experience to attract fans, Metacade’s rich and diverse library offers an ultimate market capitalization advantage. The huge total addressable market leaves plenty of room for the number of users to grow massively as tech features roll out in 2023.
With Metacade providing the community with excellent reward incentives to stay loyal, the demand for MCADE tokens is likely to increase sharply in the coming months.
The MCADE token offers coin holders exceptional utility, attractive tokenomics and an attractive transition to a governance coin by the end of 2024. For MCADE to reach $1, the total market cap only needs to reach $2 billion, a feat that investors investing in crypto have a lot of confidence in.
DOGE price forecast in 2023: sluggish growth ahead
Dogecoin is praised by Elon Musk as a potential alternative currency and is therefore inextricably linked to the boss of Twitter. This came after viral tweets sparked a surge in demand for DOGE, causing the price of Dogecoin to skyrocket.
In recent months, ties to Elon Musk have been less favorable to Dogecoin value, and this looks likely to continue into 2023. Dogecoin’s price rise appears to remain sluggish for the rest of the year. Currently trading at $0.0777, experts predict DOGE could hit $0.10 by the end of the year, up less than 25%.
This can be explained by investors’ lack of confidence in DOGE’s utility or the heightened risks associated with Elon Musk. Dogecoin’s future in 2023 looks difficult, regardless of the drivers behind the poor expected growth.
What is Metacademy?
Metacad is a groundbreaking new project building the world’s largest play-to-earn (P2E) virtual arcade. The platform aims to create a vibrant ecosystem that provides gamers, crypto fans and developers with a universal meeting place, giving them the space to interact and come together as the world’s largest online gaming community.
The groundbreaking platform offers one of the most comprehensive reward systems in crypto gaming, with lucrative earning opportunities in addition to native P2E routes. Users are incentivized to contribute to community building and earn rewards for contributing social content to the hub. This could be in the form of in-game reviews, sharing tips and tricks, or even helpful interaction with live chats and online forums.
How does MCADE work?
MCADE is the native token that powers the Metacade ecosystem and also acts as a medium of exchange on the gaming platform to access merchandise and pay-to-play games. In addition, the toke supports the special rewards. The interest of investors investing in crypto will only increase when MCADE is launched on the exchanges.
Holders of MCADE coins can use them to support the future development of the platform, while also earning passive income. In addition, token holders get voting rights in Metacade’s revolutionary Metagrants program, allowing the community to decide which games they want to play.
This innovative program allows developers to apply for crypto funding, enabling new games to be created exclusively for Metacade. Each entry is presented to the community, which then votes for favorite ideas. Winners receive a crypto grant with which they can implement their ideas.
While this helps developers gain support for GameFi’s development, it also engages the wider community, building a deep loyalty and excitement that naturally leads to higher user retention rates.
MCADE vs DOGE: Why MCADE is the better option for investing in gaming crypto
With the excitement surrounding MCADE following the completion of the presale raising $16.35m and listing on the leading exchanges at $0.022, everything between now and the end of the year points to MCADE’s rapid appreciation in value.
With the ongoing uncertainty about Elon Musk’s volatile behavior, Dogecoin is likely to show sluggish performance in 2023, making MCADE a more promising option for investing in 2023.
However, with interest in MCADE only increasing as word spreads and features roll out, the sooner investors get in on MCADE, the better returns will be by the end of 2023.
You can Metacade here to buy.