Throughout 2022, investors have noticed that the Decentraland platform has put in a terrible performance. After some major gains, the token lost more than 90% of its value in quick succession. Naturally, crypto investors are getting sick and tired of token prices suddenly dropping. And this is exactly why the Metacade presale is attracting so much attention in the space.
Investors are predicting that MCADE could rise over 2x in value during its presale. And on top of that, Metacade is showing great promise as a mainstay of Web3 making it a better long-term investment.
What is Decentraland (MANA)?
Decentraland is a blockchain-based virtual world that allows users to buy, build, and monetise digital assets inside an interactive 3D environment. The platform is powered by the MANA token, which is used to purchase land, participate in Decentraland’s governance, and pay for goods and services in the platform’s integrated marketplace.
Built on the Ethereum blockchain, the Decentraland metaverse utilises decentralised storage on a public ledger alongside advanced smart contracts to ensure that user-generated content is both immutable and censor-resistant. The integrated benefits of blockchain technology serve metaverse worlds perfectly, as more power is given back to players while enabling a deeper level of control over the gaming experience overall.
Decentraland is one of the first projects to offer a completely decentralised virtual world, and its unique blend of gaming, social media, and e-commerce presents a number of exciting use cases for the platform. Players can build a wide variety of different gaming experiences in the Decentraland metaverse and explore the world while making friends.
By allowing players to monetise their virtual creations, Decentraland has been expanding the scope of what is possible in the gaming industry. User-generated content blows the door wide open for a new wave of innovators and the Decentraland platform reduces barriers to entry to allow anyone to build games without prior programming experience.
Decentraland’s Disastrous price action
While the project massively increased in value during the 2021 crypto bull market, it has since been extremely disappointing for investors. The project can offer some amazing features to gamers but a 90% reduction in value has left many questioning whether it can ever return to its previous all-time high.
In November 2021, the MANA token reached $4.88 in value, which gave the Decentraland metaverse project a total market cap of almost $8.5 billion. Previously, many believed that it would be the next big thing in the world of blockchain gaming but now Decentraland’s total market cap is only $0.8 billion. Such a monumental downturn has left investors looking for new opportunities, and Metacade, the biggest arcade on the blockchain, seems like the perfect fit.
What is Metacade (MCADE)?
Metacade is building up the single biggest metaverse arcade on the Ethereum blockchain. Players can gain access to a broad range of exciting new play-to-earn titles. Alongside hosting a range of P2E games, Metacade users can also earn in other ways with the native token MCADE.
Being community-driven at the core, Metacade aims to provide a space for gamers and developers to come together no matter what their interests are. For instance, Metacade users are rewarded for adding value to the community whether it’s through posting alpha or game reviews, sharing useful information, or helping out new users.
Through connecting the GameFi community, Metacade aims to expand the knowledge and level of engagement with Play-to-Earn titles. This incentive structure can help to usher in a golden age of blockchain-based gaming and Metacade looks set to be at the centre of it all.
Expanding the Industry
Metacade will become a DAO over time, which will give more power to players in influencing the future of the industry itself. Part of that plan is the Metagrants program, which will give players the chance to vote on the best potential GameFi titles and then provide funding to game developers to accelerate their development. This means that Metacade is helping incubate gaming projects that people actually want and pushing the industry forward.
Metacade will also provide beta testing opportunities for GameFi players who can gain access to some of the hottest titles long before they hit the market. This is a huge opportunity for players, as they can play brand-new blockchain games and provide direct feedback to the development team. The Metacade community will be helping to fix bugs and make suggestions for improvements. In exchange, beta testers will earn MCADE tokens for the value they have provided.
High-potential presale opportunity
The Metacade project is just launching its presale event. These kinds of moments don’t come around very often and they tend to produce some major gains if a project is successful. With so much value on the horizon for Metacade, this particular presale is highly sought after by crypto investors.
To compare, the MANA token is currently priced at $0.46, while MCADE will launch at $0.008 per token. Considering how much the Metacade token could still rise, the MCADE presale offers a major opportunity to crypto enthusiasts. And this is reinforced by the fact that MCADE isn’t expected to stick around at $0.008 for long.
Before the public sale, tokens will have increased to $0.02 per token, so the earlier the better for investors who are looking to get involved. One thing is for sure, people are extremely optimistic about the future of Metacade.
You can buy MANA on eToro here.
You can participate in the MCADE presale here.
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