Ripple (XRP) has been falling sharply due to the regulatory uncertainty surrounding the cryptocurrency these days. In contrast to this, investors are showing increasing interest in Metacade (MCADE). Metacade is seeing very good pre-sales as investors move into Web3 games, because of how lucrative this niche is proving to be.
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Why is Ripple crashing?
There are many reasons why investors are abandoning Ripple now. The main reason is that Ripple is basically a corporation, and people have woken up to this fact. Ripple’s corporate board can essentially dictate what the network does. Additionally, more than 70% of Ripple’s cryptocurrencies in circulation are owned by 10 users. This situation stands in stark contrast to the ideological underpinning of cryptocurrencies, in which users are supposed to have control over the network. Furthermore, the ongoing lawsuit between the SEC and Ripple is also impacting the price. Investors cannot be expected to keep faith when the company could be hit with a huge fine, depending on the court’s decision. It makes no sense to invest in a company or organization with a lawsuit pending over it. Ripple’s case is complex. In December 2020, the SEC initiated a lawsuit alleging that the sale of XRP constituted an unregistered securities offering with an estimated value of over $1.38 billion USD! The CEO and President allegedly aided and are complicit in Ripple’s breaches. Obviously, the fact that Ripple corporation leaders are being questioned about aiding and being an accessory to a $1.3 billion dollar crime is contributing to the price decline.
Ripple Price Continues to Fall
Ripple was initially praised as a fast and secure network. But since her birth, she has not lived up to his promises; and there are many other blockchains that have proven to be much faster and much more efficient. Ripple doesn’t have any use cases at the moment given the level of innovation within the broader cryptocurrency market. In contrast to the year Ripple initially rose to prominence, there is now a blockchain for everything. It is no longer the fastest or cheapest option, not even close. From an all-time high of $75 USD, XRP dropped to $9 USD. While much of this can be attributed to a general slump within crypto financial markets, to Ripple has serious issues to deal with. Its use case as a money remittance system may not be as robust as it claims. Banks can now issue their own stablecoins, and it is very unlikely that they will simply move to a new system like Ripple as an intermediary, no matter how fast that might be. Instead, they are more likely to build their own internal systems. Ripple price is falling for good reason. A Forbes article even mentions the possibility that Ripple is just a scam.
What is Metacade?
Metacade is a much better option, and investors are flocking to it in its pre-sale. Metacade is an online gaming hub on the Web3 that allows interaction between players, in addition to being an excellent investment. It’s a place to earn, build, and connect within the world of Web3 games. This is even a kind of mantra for them. The purpose of this project is to create a virtual space where people who share similar interests can come together and enjoy everything GameFi related. The goal is to help build the world’s first community-powered P2E crypto arcade and provide an opportunity for everyone to experience all that Web3 culture has to offer. MCADE is Metacade’s native token, which has multiple use cases across the platform. Users can get more tokens by engaging with the community and investing in staking. Revenue streams for the community include advertising, pay-to-play arcade, championships, and job listings. Competitions will be launched with prizes for the winners and players can connect with each other and take advantage of in-game opportunities.
Is Metacade Ready To Capture The Web3 Gaming Market?
This player demographic is young, ready, and extremely interested. Furthermore, it is about to expand. Online products are becoming increasingly subject to “gamification”. This basically means that people want to play games to win prizes. At the same time, eSports is becoming a more viable career and billion dollar industry. This trend will only increase as the metaverse becomes more and more prominent in our lives. And while that’s happening, Metacade has a very good chance of capturing this market by being a one-stop shop for all things gaming. You can invest in a corporation with a $1.38 billion lawsuit hanging over it, with executives who can be jailed for committing crimes. Or you can invest in the Metacade project, which aims to capture a lucrative market by rewarding participants in a variety of different ways. This includes play-to-earn, staking investment, crypto job boards, prizes, and more. Metacade’s MCADE token is on the rise and selling big in its exciting pre-sale. In contrast to this, Ripple is falling and may continue to fall depending on the outcome of the court case.
The crux of the matter is that Web3 users want to invest in community-driven structures that reward their participants, not corporations that retain control and profits.which is why Metacade is a much better option.
You can participate in the Metacade pre-sale here🇧🇷
