Crypto markets have eased significantly after the difficult 2022 that saw several coins lose vast amounts during the bear market. While full bull market conditions remain some way off, May has seen some coins enjoying a bullish outlook leading to renewed hopes that the crypto winter may be over.
Among the coins enjoying a renaissance in the early months of 2023 is Polkadot, the network that connects different blockchains. This has prompted experts to revise their Polkadot price predictions in 2023 upwards. Meanwhile, newbie GameFi coin MCADE, the native token of Metacade, has followed up on its unbelievable presale performance with a successful crypto exchange listing on Uniswap, putting it in a prime position to reap the dividends of the next bull market.
Polkadot price prediction 2023
Polkadot’s layer-1 blockchain solution is one of the leading scalability and interoperability solutions that allow different blockchains to communicate and share data without compromising security. This is achieved through parachains, links between different blockchains, and helping Polkadot reach an average capacity of up to 1000 transactions per second.
After launching in mid-2020, Polkadot has come under pressure from new releases from Ethereum and other layer-1 solutions, such as Solana. However, the price of the native DOT coin has responded well to the impact of the FTX bankruptcy, which saw more than 40% of its market value wiped at the end of 2022.
Currently trading at $6.60, experts are forecasting an upward trajectory for their Polkadot price predictions this year, with estimates of around $8.10 achieved by the end of 2023. Although this remains a long way short of DOT’s all-time high (ATH) of $55.00, the Polkadot price prediction for this year remains bullish in May.
What is Metacade?
Metacade aims to build the world’s most extensive and comprehensive play-to-earn (P2E) gaming arcade, bringing together gaming enthusiasts, developers, and crypto fans in a one-stop crypto-gaming shop. They will build a community catering to as many gaming tastes as possible to extend Metacade’s total addressable market (TAM) while driving user retention and recruiting new gamers through its evolving library of games.
As the technical rollout of Metacade’s extensive list of features begins, its users will need the native MCADE token to access the project’s early games and various platform highlights. This will deliver exceptional levels of utility for MCADE token holders, one of the chief reasons behind the momentum generated by this exciting crypto investment opportunity.
Further details about the platform’s detailed project plan can be found in the excellent white paper, which has garnered plenty of praise from crypto experts and in the press for its forward-thinking and community-led focus. A vital part of this strategic plan is the gradual devolution of powers to the MCADE token-holders, leading to Metacade becoming a decentralized autonomous organization (DAO) in 2024.
How does MCADE work?
The MCADE coin is the main driving force behind Metacade’s ecosystem, from powering the comprehensive rewards system beyond the usual P2E capability of GameFi platforms to providing the wherewithal for transactional exchanges. With a total supply of tokens limited to 2 billion, experts predict buying pressure will significantly increase as public awareness of Metacade grows, and new users flock to the platform.
One of the pioneering features powered by the MCADE token is the innovative Metagrants scheme that incentivizes the development of new P2E titles exclusively for Metacade. Developers can apply for funding by submitting applications. Each idea is pooled and presented to the community, who vote for their favorites. The ideas that gain the most votes are awarded a grant that supports the design, testing, and release of the new games.
How high can MCADE go?
Forecasts for the MCADE token outstrip the Polkadot price prediction during 2023 when the technical rollout of features begins. After listing on Uniswap at $0.022, significantly higher than its beta presale release price of $0.008, MCADE looks set to rise when it’s released on MEXC in early May (having already listed on Bitmart on 20 April), and it gains recognition in the wider public consciousness.
In addition, Metacade’s recent announcement of a partnership with innovative gaming group MetaStudio further illustrates the platform’s position at the heart of a burgeoning, colossal growth industry.
As a result, price predictions for MCADE this year forecast that the price could skyrocket to $1 by the end of 2023 and far beyond as the GameFi revolution gathers pace over the next few years.
Is MCADE a good crypto investment?
While existing Polkadot coin holders look set to gather reasonable returns in 2023, MCADE may be one of the best-performing crypto investments this year ahead of the return of full bull market conditions, expected in 2025.
With excellent returns possible already as MCADE has just launched on Bitmart, and with the MEXC listing coming soon, the price will likely see an upward boost. The sky truly is the limit for MCADE once bull market conditions stabilize and show its true potential in the next couple of years.
You can find more information, including how to buy MCADE, here.
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