The blockchain gaming industry is expanding as gamers begin to explore more than the traditional console and PC gaming and look towards utilizing GameFi titles that provide rewards for successful gaming. This new sector will continue growing over the next five years, outstripping growth in traditional gaming sectors.
Metacade and Illuvium are two gaming platforms seeking to reap the dividends of this surge in interest in the blockchain gaming industry. Both are play-to-earn (P2E) gaming platforms designed to attract the largest audience of players and look set to have bright futures. As a result, analysts are now asking the question: which is the better investment?
What is Metacade?
Metacade plans to build the world’s largest online gaming arcade by utilizing the power of Ethereum’s blockchain and providing the most extensive range of P2E titles in one place for gamers to enjoy. Metacade wants to bring together gaming enthusiasts, entrepreneurs, and crypto fans into a single vibrant community to collaborate and push Metacade to the forefront of the GameFi revolution.
At the heart of Metacade’s plans is its comprehensive and wide-ranging rewards scheme that outstrips most of its competitors. Users can claim crypto token rewards each time they post social content on the hub, such as game reviews, or participate in online chats, all while contributing to building a thriving gaming community. In addition, Metacade wants to leverage this potential and create a vast library of titles that caters to as many gaming tastes as possible. As a result, Metacade can maximize its total addressable market (TAM) and appeal to the broadest possible audience.
How does MCADE work?
The MCADE token fuels the entire Metacade ecosystem and is a stakeable token that allows investors to earn passive income while supporting platform development and powering the extensive rewards system. During 2024, the MCADE token will grant holders full governance voting rights over community-led proposals as part of the platform’s transition to a DAO, alongside enormous utility locked into the MCADE token.
MCADE is also the medium of exchange on the platform, unlocking access to the vast array of P2E and pay-to-play titles. Additionally, the MCADE token will also facilitate entry into potentially lucrative online tournaments as part of the Compete2Earn scheme and allow fans to buy Metacade merchandise.
One of the most exciting ventures supported by MCADE is the groundbreaking Metagrants program, which incentivizes innovation from within its community; developers are encouraged to submit proposals for new P2E games exclusively for Metacade in return for crypto funding. Each application is pooled and presented to the MCADE token-holding community, who vote for favorites. The applications that gain the most votes receive an award from the platform’s central treasury and go into development.
MCADE price prediction 2023
Investors with an eye on the blockchain gaming industry are excited by the vast potential of the MCADE token. With a successful presale event that raised $16.4 million in double-quick time and recent successful exchange listings on Uniswap, BitMart, and MEXC, Metacade’s momentum continues to grow as its potential audience increases.
Investors are also excited by the diverse whitepaper and roadmap, which has caught the imagination of gaming fans and crypto enthusiasts alike. Analysts predict that MCADE could hit the $0.50 barrier by the end of 2023, providing returns of at least 20x for all presale investors.
What is Illuvium?
Illuvium is another P2E crypto gaming platform targeting a very different audience from Metacade. It is an open-world video game aiming to be the blockchain gaming industry’s first AAA title by capturing the imagination of gamers who enjoy fantasy roleplaying games. As the game is being developed on the Ethereum blockchain, Illuvium will be community led as a DAO and looks set to attract fans with its open-ended gaming potential.
The game begins with a spaceship crashing into an alien world with different terrains, extreme climatic events, and strange native beasts. Players, known as Hunters within the game, begin to explore the world, capturing beasts and unlocking obelisks which allow players to discover more of the map through faster travel.
These creatures, known as Illuvials, can be pitched into battle against those of other users, with NFT and crypto rewards available for battle winners.
Illuvium price prediction 2023
Illuvium’s native ILV coin is trading at $47.64, massively below its December 2021 all-time high (ATH) of $1844. While this signifies plenty of scope for ILV to climb during the next bull run, ILV is undergoing significant resistance in Q2 2023, with its current trading price at around half of its year-to-date (YTD) high of $94.98, which it achieved at the beginning of February.
Analysts can foresee a mini-recovery in the price of ILV between now and the end of 2023, with many suggesting that the $70 barrier can be reached again. This is good news for new investors, yet it remains well short of ILV’s YTD high, not to mention its previous ATH of 18 months ago.
MCADE vs. ILV: Which is the better investment?
As the gaming industry continues to shift, gaming platforms that can innovate and develop enough to retain the backing of their existing users and attract a new audience will perform well. In this instance, MCADE looks to have the edge over ILV thanks to its high level of innovation and multi-game offering.
With MCADE currently trading at $0.022 and promising a rollout of several exciting technical features throughout the second half of 2023, the sky remains the limit for the MCADE token, which looks likely to reap the rewards available from the massive anticipated growth in the GameFi industry.
You can find more information, including how to buy MCADE, here.
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