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As investors finally begin to sense the bottom of the bear market drawing closer, it’s obvious that accurate crypto market forecasts are vital to making profitable investment decisions.
With this in mind, let’s take a look at why Metacade, Solana and Avalanche are shaping up to offer incredible potential over the next year and beyond.
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What is Metacade?
Metacade is a platform that caters to gamers’ and crypto enthusiasts’ needs, offering them a space to connect, play and be rewarded for their role in contributing to the community.
The Web3 gaming space has been tipped to become a huge focus for future development in the scene and is being referenced in many crypto market forecasts across the scene. This may come as no surprise, given the platform’s clear opportunities for close integration between gaming, earning and development.
Metacade offers a broad range of features; the plans for the platform include a huge play-to-earn arcade where gamers are rewarded for playing their favorite games. The project also boasts rewards for community contributions, like game reviews, which incentivize the users to collaborate. Users can also benefit from competitive gaming, earning MCADE tokens as prizes, which can even be staked to allow for a passive income.
There’s also a plan for ‘Metagrants’ – allowing game developers to pitch their projects to the community, with token holders being able to vote on which projects should receive the funding. This ensures a diverse range of gamer-endorsed titles to be exclusively published on the platform, as well as offering a close level of community integration between gamer and developer.
This long list of potential revenue streams, alongside peace of mind from a Certik audit makes Metacade an attractive opportunity for investors who want to get in on the ground floor of such a next-generation venture.
How does Metacade work?
The Metacade ecosystem uses the MCADE governance and utility token throughout the platform. With such a broad offering over a novel range of value-adding features, MCADE will play a key role, such as accessing the pay-to-play arcade. The MCADE token is able to act as a unit of exchange for competition and game access, as well as for other revenue sources such as merchandise or advertising.
MCADE is also a powerful governance token, with its role in Metagrants giving the holders a clear voice in making decisions. MCADE tokens can also be staked, allowing holders to accrue a passive income just by supporting the project.
MCADE Price Prediction General
By launching the MCADE token on the Ethereum (ETH) network, Metacade leverages all of the security and cost benefits that come with it. Given that the token is used so widely within the Metacade ecosystem – the arcade, competitions, tournaments, plus its use for governance – we’re likely to see the price rise as adoption grows.
Alongside an aggressive roadmap focused on realistic deliverables, the price of MCADE is likely to increase significantly in 2023. Due to the momentum of the project already seen in its presale stages, it could reach it’s $0.02 price goal in Q1. By 2025, most forecasts state it could surpass Axie Infinity’s (AXS) 2021 market cap of $10 billion, putting the value of MCADE at $5 per token before planned token burns take place.
Solana Price Prediction General
Solana continues to benefit from a passionate community despite a number of issues plaguing the project in 2022 that resulted in a decline in developers working on the chain. As well as recent price concerns, technical issues resulting in numerous outages, the project has also lost some credibility as a result of ties to disgraced FTX founder Sam Bankman-Fried.
In light of this, compared to progress made by other Layer-1 protocols, 2023 is likely a year where Solana looks to maintain its current price rather than generate significant gains. If the project can firm up its market share, 2025 could see $50 as a realistic target.
Avalanche Price Prediction General
Avalanche is another Layer-1 project with a dedicated following, launched in 2020 to provide enhanced scalability and speed, as well as a secure and efficient platform for decentralized applications (dApps).
Avalanche boasts backing from the likes of Coinbase Ventures, although the downside for new investors is that it means that not only is there a large number of holders looking to sell when the time is right but also that the project is already very well known.
In light of the current state of Avalanche and the decline in usage seen recently, the price for AVAX may well follow a similar pattern as for Solana, with a 20-30% price rise in 2023 being considered a good performance. If all goes well for the platform, $80–100 by 2025 could be achievable.
Metacade – Set for a price explosion
Solana and Avalanche have shown that they are likely here to stay, and so the prices of SOL and AVAX are likely to continue to climb slowly as the total crypto market cap increases and the projects see more adoption. This is further supported by the general consensus across many crypto market forecasts.
However, with Metacade still boasting such a low market cap as it comes out of stealth, it offers incredible upside potential for investors who get in early to the presale. Given that the project raised $1.5 million in just five weeks, as it enters phase 1 of its presale it would be no surprise to see the project develop a substantially higher market cap in the near future.
You can buy SOL and AVAX at eToro here.
You can participate in the Metacade pre-sale here.
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Image and article originally from invezz.com. Read the original article here.