Now that the bear market is certainly with us, it offers a chance for veteran investors to review the market and identify which projects have what it takes to survive. By doing this, investors can find those projects, old and new, that offer great potential for the next bull run and the chance to produce huge returns. Monero is a project that divides analysts. It faces an increasingly hostile regulatory environment and has seen a price drop in 2022 – both of these factors have a big impact on the Monero price prediction. Many are questioning whether Monero can find a place in the long term and are moving their investments towards new projects like Metacade. Metacade is attracting a lot of interest from investment funds, as the project is about to restructure the gaming industry and put gamers at the center of the value structure.
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Is Metacade contributing to Monero’s decline?
Monero has maintained a devoted following for its focus on an element of cryptocurrency that many believe is the heart of technology – privacy. With central bank digital currencies (CBDCs) on the horizon, it’s no surprise that Monero supporters are more confident than ever that their project plays an important role, despite Monero’s poor price forecast. The privacy that Monero provides, however, is set to face significant issues as regulations loom over cryptocurrencies in 2023. If new regulations remove the privacy associated with Monero transactions, the company’s USP (unique point of sale) will disappear. So it’s no surprise that many holders are looking elsewhere for a project with a better chance of lasting success. Metacade is a project that is getting a lot of interest across the industry, so it’s not much of a surprise that many XMR holders are switching to it.
What is Monero (XMR)
Monero is a privacy-centric cryptocurrency that aims to offer one of the first visions of digital currencies – namely, anonymous and untraceable payments. The open source project utilizes a skilled technical team to continually push technology forward and also develop a mining framework that ensures even small miners can benefit by helping to maintain network security.
Overall Price Prediction for Monero: Can XMR Survive Regulation?
While XMR is unlikely to receive further regulation to come, that doesn’t mean the project is doomed. Even as it becomes increasingly difficult to buy Monero through the traditional ways that investors buy crypto, Monero will likely have a bustling black market for those who wish to remain anonymous. Taking this, and general cryptocurrency prices, into consideration for Monero’s price prediction, XRM should see a drop in 2023 to around $90, with users banned from trading and buying the coin on licensed exchanges. If it finds room to function after that, we could see its price return to current values of around $160 in 2025.
What is Metacade (MCADE)?
Metacade is a new and innovative project, generating a lot of buzz across the industry. That’s after the Metacade team has published a new and much-praised white paper detailing plans to redefine the gaming industry by enabling gamers to earn while they play. The project is centered around building the world’s largest play-to-earn arcade, allowing players to monetize their gaming experience through a vast rewards system.
How Does Metacade Work?
Players will be able to obtain rewards distributed as MCADE tokens, which serves as currency for the platform and provides utility to the Metacade ecosystem. It serves both for purchases and for paying fees (such as championship registrations), and also has the staking investment option that offers MCADE holders the chance to put their tokens to work and obtain passive income in return. Metagrants is another innovative program featured in the roadmap that contributes to the ecosystem’s development plans by allowing capable game development teams to present their game concepts to the community for feedback. MCADE holders can then vote to distribute funds to deserving projects. The success of the Metacade pre-sale illustrates the project’s high potential, with an incredible $6m raised since launch.
Overall Price Forecast for Metacade: Where Can MCADE Go?
Metacade looks set to generate high returns, and with the project set to start taking users in 2023, the price of MCADE could quickly rise in response. MCADE reaching $1 this year seems reasonable given investor interest. By 2025, the platform should have delivered much of its potential, meaning an $8 MCADE looks realistic by the end of that year.
Should Investors Choose Monero or Metacade for Higher Returns?
XMR should be part of the crypto landscape for many years to come, but that doesn’t make it a good choice for investments right now, given Monero’s price forecast and competitive cryptocurrency prices. In contrast, Metacade is showing signs of being a unique investment opportunity, especially for those able to buy at the ridiculously low prices available during the pre-sale.
You can participate in the Metacade pre-sale here.
