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With many cryptos seeing a positive upturn at the start of this year after a difficult 2022, investors are looking at which projects might bring great value and big profits in 2023.
This comes after the spectacular fall of big players like FTX and Genesis, which pulled the market down, with other players like Crypto.com coming under scrutiny too. With no more dominos looking like they will fall, many speculate that Crypto.com’s Cronos (CRO) token might be well-priced right now, and the average Cronos price prediction is now looking fairly positive.
Crypto whales are getting involved, buying Cronos while it’s well-priced, but another project, Metacade, is attracting the most attention from whales through the incredible performance of the newcomer’s presale.
Metacade Looks Set to Shape GameFi
Metacade is positioning itself at the center of the GameFi explosion, ready for the burgeoning sector to see rapid expansion as analysts predict GameFi will see massive growth over 2023 and beyond.
The news of the project has thrilled investors, evident by the jaw-dropping performance of the presale. The project raised an unbelievable $9.3m in just 15 weeks and has since shown no signs of slowing down as the presale is rolling strong in stage 6.
What is Metacade?
Metacade unveiled a highly acclaimed whitepaper, outlining its plans to create an immense gaming ecosystem and give gamers the opportunity to make money from playing video games in what will be the world’s largest play-to-earn (P2E) arcade.
Given the strong performance of Metacade’s presale, there is speculation across social media that crypto whales are likely to be involved, looking to secure their holdings at the earliest possible opportunity given the high potential the project is showing for gains in both the short and long term. This increased interest from huge investors means that the Metacade presale is likely to sell out fast.
Metacade’s approach, focusing on a broad range of experiences for gamers of all sorts, has been lauded as a welcome diversification from older GameFI projects, which typically focus on a single gaming experience. This is one of the factors many expect will catapult the project to success.
How Metacade Works
Metacade utilizes a unique utility token, MCADE, to enhance its comprehensive suite of features. This reward system provides gamers with rewards for solo and competitive gaming and other activities that can positively impact the ecosystem, such as writing game reviews or sharing alpha information.
The MCADE token has also been well-designed from an investor’s perspective, as it offers a staking mechanism that will allow holders to put their tokens to work and, in exchange, earn rewards. These rewards are even issued in stablecoins to ensure that the circulating supply is not inflated.
The Challenge Facing Cronos
While Crypto.com has established itself as a big player in its space, it could have a challenging year or two ahead. Regulation is due to expand significantly as attention on the Web3 space increases, and we’re likely to see TradFi players finally get the regulatory clarity they need to enter the space.
This could mean a great deal of market pressure for Crypto.com, as it looks to hold on to its market share as several other big players enter the market. As a result, the CRO token may see a short-term improvement in price due to the speculation about bankruptcy falling away, but it’s just plain sailing for the project moving forward.
Metacade Price Prediction
Metacade is set to take crypto by storm, and many rightly question how high the project can go. With MCADE so heavily utilized across the project, it’s likely that as user numbers grow, the price of MCADE will be driven up significantly.
In light of this, a conservative expectation for MCADE in 2023 is around $1, roughly a 50x increase from the scheduled price at the end of the presale.
After 2023 we could see growth continue, and if Metacade can establish itself as a leader of GameFi, then MCADE will likely be targeting $10 per token by the end of 2025.
Cronos Price Prediction
While many expect CRO to see a short-term boost from the newfound stability of the market, a Cronos price prediction needs to consider the broader pressures on its position in the market. In light of this, many analysts are predicting a $0.20 ceiling for 2023, with the $0.16-0.18 range looking the most likely.
By the end of 2025, we should have seen Web3 grow significantly, but if many more competitors appear, the Cronos price prediction needs to reflect that risk. Many analysts believe CRO will be around $0.30.
Metacade Seems Like the Better Investment
As crypto whales look for the next big win in the crypto market, they’ll take a variety of factors into consideration, including the future potential of a platform. Metacade looks to be a much stronger investment choice than Cronos, not only because of its roadmap, but also because the GameFi industry is expected to grow exponentially in the coming years. This combination of platform-specific planning and strength in the community makes Metacade’s presale the more attractive option for crypto whales.
You can participate in the Metacade presale here.
