Despite the cryptocurrency bear market, there are some hopeful signs for major coins. Traders had high expectations for the Ethereum merger and this helped Ethereum Classis (ETC) to have some profitable moments. In the case of Ripple (XRP), it was the potential termination of a lengthy court case that affected the price. Meanwhile, investors who are looking for something new are snapping up Metacade during the project’s pre-sale. The MCADE utility token will offer a wealth of features such as play-to-earn (P2E) and metaverse themes to drive future growth.
Table of Contents
What is Metacade?
Metacade is a promising Web3 platform community driven, where gamers and developers can meet to collaborate and have fun with blockchain games. The ultimate goal of the project is a community-made arcade with a vibrant ecosystem and P2E rewards. Developers can earn Metagrants for the best game ideas and players can test and rate these games before they are accepted into the project. All of this will be supported by the MCADE utility token, which will be used for governance votes, but also for prize draws, gaming championships, and also for staking investment.
More about the Metacade token economy
Staking investment is when the holder of tokens keeps them “stuck” on a platform to receive a reward for DeFi projects, usually in exchange for a annual interest rate. For the Metacade community, this reward is a part of the project revenue, which would be paid in another currency to avoid inflating the utility token. Once these revenue streams have been created, there will also be a token burn mechanism to reduce the number of coins in circulation. The total supply fixed at launch will be 2 billion MCADE tokens, with 1.4 billion of those tokens allocated for the pre-sale.
What happened to Ethereum Classic?
As bear market of cryptocurrencies, Ethereum Classic (ETC) hit its all-time low in June at around $15 USD. The bill then rose to $42 in view of the Ethereum merger. The Ethereum project upgrade means that the project has moved from the energy-intensive proof-of-work mining model to proof-of-stake technology. For crypto miners who had proof-of-work hardware, who then needed a new home, ETC was an obvious destination. However, the coin has since dropped back to $22 USD.
What is the outlook for Ripple (XRP)?
The price of Ripple (XRP) has also seen a bit of a rise with the positive outlook from the Ripple team regarding the end of a lawsuit at the SEC. The US market regulator has accused Ripple of launching a security in the same way that shares are offered. That would mean additional regulation for Ripple and many other crypto tokens. The price of XRP also rose from a low of $0.30 to its current price of $0.50, but has since stalled there.
Why Should You Invest in Metacade?
ETC’s bounce was a short-term rise based on miner migration, but there isn’t a huge appetite for the coin and miners will be disappointed mining for low returns. In Ripple’s case, the XRP token has the potential to go up a lot if they have a favorable decision, but this is just the beginning of a difficult climb, as the project has been distracted by the court case and has not made any recent developments. On the other hand, Metacade is a new project bringing a new theme to the P2E universe with a community driven arcade. With the right mix of games, the project could attract a huge following and intense demand for the MCADE token. ETC and XRP saw decent rises, and the latter has a better outlook for further gains, but Metacade could eclipse both.
Conclusion
The growth of Ethereum Classic (ETC) was based on a short-term trend caused by the meltdown of Ethereum as miners migrated to another chain in search of profits. The price of Ripple (XRP) also saw short-term movement as traders held out hope for a positive outcome in the SEC case. But this is not guaranteed, and even if it achieves a victory, the project has not shown any development in the last two years. Metacade has the potential to surpass both projects in return on investment and is creating a community-driven P2E gaming project with potential in the metaverse. That sentence alone should send investors rushing to pre-sell the token.
You can participate in the Metacade pre-sale here🇧🇷
