Metacade is a Web3 community hub built on the Ethereum blockchain. It is a platform where users can virtually relax to enjoy the GameFi experience. With Metacade, people can play their favorite P2E games and win excellent prizes. In addition to playing online, Metacade allows users to meet other developers, entrepreneurs, and gamers with similar interests and goals. The platform has the following features and benefits
- Trending games
- Charts
- Reviews and
- Interact with other members in real time,
$MCADE is the platform’s native token, which provides voting rights to its holders. Note that MCADE is an ERC-20 token, which means it can be purchased via a secure, low-cost blockchain.
The following are the MCE token use cases:
- It can be used for various competitions and tournaments within the Metacade ecosystem.
- Users can bet MCADE tokens through the Metacade ecosystem.
- MCADE tokens are a means of rewarding users for their different commitments within the network.
Competitor analysis
Metacade is a blockchain gaming platform and $MCADE is its gaming token. Therefore, Metacade falls into the category of Play to Earn cryptocurrencies.
The following are the five major players in the crypto gaming industry:
- Axie Infinity- It is a trading and gaming platform based on blockchain, which is partially managed only by its players.
- Decentralization- Decentraland is the first virtual reality system based on decentralization that allows users to interact and communicate, which makes it special in its niche. It is the third largest gaming cryptocurrency in terms of market capitalization, which is $948,532,739.
- Sandbox is a blockchain-based virtual reality game that allows users to build, sell, and buy digital assets.
- Apecoin- Apecoin is a gaming cryptocurrency developed within the Bored Ape Yacht Club ecosystem and is the best gaming cryptocurrency in terms of market capitalization.
- Gala- Gala games offer a wide range of blockchain games and provide players with control over their games by owning NFTs.
Sandbox-
Metacade Twitter
People are actively talking about Metacade and $MCADE on Twitter, as we can see that there were about 485 tweets about cryptocurrency in just a few hours.
One of the reasons for this activity is that MetaCade became the first Play to Earn Crypto that raised more than $670,000 in two weeks.
In addition, Metacade announced the opportunity to win $125k for one lucky user at the end of its presale event.
Pricechanges of current P2E cryptocurrencies
Game tokens have taken off in recent weeks for two main reasons
- The acquisition strategy of the Gala game has been appreciated and could be the way forward. Acquire or collaborate with running games and then introduce the token there
- The Fed’s dovish outlook is encouraging investors to take more aggressive bets, such as gaming tokens.
The main P2E tokens include – Apecoin. Axie Infinity, Decentraland Mana, Sandbox, Gala. The best performing P2E token in the last 12 months is BinaryX. This is how BinaryX has performed over the past 12 months
- Last 5 days: +9.0%
- Last 30 days: +109.5%
- last 6 months: +38.8%
- Last 1 year: +72.0%
Current market scenario for cryptocurrency launch
As of February 2022, GameFi’s market capitalization has been estimated at $55.38 billion. Reports say GameFi’s market cap grew at a CAGR of 180% from 2018 to 2022.
In addition, the NFT gaming industry is expected to grow at a CAGR of 31.56% by the end of 2027, according to the data. That said, it’s pretty obvious that the blockchain gaming industry is expected to grow rapidly in the coming years.
However, there are many existing P2E blockchain games that have been working pretty well for a few months, such as Axie Infinity. It leaves very little room for new cryptocurrencies to enter and thrive because the market is already full of numerous cryptocurrencies of this type and not all of them are doing well.
As we said earlier, in the future you can see huge growth in the crypto gaming industry and any innovative P2E would be highly appreciated by users.
Metacade is unique in itself because it allows users to share their experiences and data with other players within the ecosystem and ultimately rewards them in the $MCADE token. It means that the platform is benefiting both parties, i.e. users looking for gaming advice or skills can learn from each other’s experiences, while users who share their experiences are rewarded.
Metacade 2023 Roadmap
The roadmap for the year 2023 is divided into three parts, as follows:
Q1 2023 Roadmap
- Token launch
- Token listing on coinmarketcap
- Listing on Uniswap
- Initial development of Metacade
Q2 2023 Roadmap
- Create partnerships with P2E projects
- List of tokens on CEX
- Launch of the basic DAO model for community development.
Q3 2023 Roadmap
- Classic arcade launch
- Develop the community-driven test environment for game projects
- To create Metacade game tournaments
Metacade Price Forecast: Conclusion
While Metacade certainly has some differentiating features and the P2E game has a green future, it is entering a messy market. So, how these differentiators affect players will also determine the performance of their encryption.