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Metacade price cools amid market turmoil, but investment potential could be huge

  • Metacade has cooled alongside the rest of the crypto sector on the SEC lawsuit of Binance, Coinbase

  • Metacade’s innovation platform has been lauded as a game changer, attracting demand for the native token, MCADE

  • MCADE price has high potential as Metacade Lite ushers in a new era of Web 3.0 gaming

The price of Metacade (MCADE) is $0.021 compared to a local top of $0.028 at the end of May. The price is still above a developing support zone of $0.016 set on May 14. The correction comes as the rest of the sector cools after the US Securities and Exchange Commission sued Binance and Coinbase on alleged market violations. The fall in MCADE price could follow the market sentiment, but the potential remains unexploited for the Web 3 gaming platform token. 

What is Metacade’s value proposition?

Metacade is a Web 3.0 gaming platform. It seeks to bring together gaming enthusiasts, developers, and investors. MCADE is the native token that will power the gaming ecosystem and give holders future benefits. Members can acquire MCADE by competing in games, creating, or giving feedback on projects. Metacade members can also take gigs and freelance jobs to supplement their passive income.

Metacade also features an ambitious revenue model. The revenue generation model features a game launchpad, advertisement, and job posting. Enthusiasts have lauded the revenue model critical in ensuring that Metacade thrives amid the Web 3.0 gaming disruption.

Metacade Lite could be a game-changer

The era of Web 3.0 game building and experiences might have arrived thanks to the newly revamped Metacade platform. Metacade Lite, the main platform, is an attempt to actualize Metacade’s milestones and goals of being the biggest community-governed blockchain gaming platform. In line with the new development, Metacade has inked crucial partnerships, including MetaStudio, a play-to-earn game studio. 

In other words, Metacade has aligned its road map with actual initiatives to achieve its mission. This could be an attraction to investors who have held belief in the platform since it was launched via presale. Now, it remains to be seen what Metacade Lite will bring next, with the Create2Earn service expected in the quarter. 

Metacade’s price trends and prediction

Metacade’s price during its last stage of the presale was $0.020. Immediately after listing on Uniswap in early April, the demand for the token increased, pushing the price higher. Subsequent listings on BitMart and MEXC Global helped the token to claim a more than double price of $0.045. A series of profit-taking pushed the cryptocurrency lower to slightly below the presale level. However, with Metacade Lite, MCADE has been rising before market dynamics cooled the gains. 

The above trends suggest MCADE as a token with stable price trends. This contradicts meme-labeled tokens, which gain and lose in speculative-induced market trends. The token has moved with the market and demand patterns. The price trends are normal to a market scenario, and a recovery could be on the horizon. 

In the medium term, a price return to $0.045 is the most realistic prediction. In the longer term, MCADE could rise up to 10 times from its presale value. Analysts have earmarked a price of $1 by the end of 2023, although this could be an overambitious prediction. A price of up to $0.2 or higher could be more realistic in a conservative scenario.

Is MCADE worth buying at the current price?

Technically, MCADE’s support lies at a lower price than the current level. It means we could see a further price correction before the token continues with the uptrend. However, the price level could be attractive as it is highly discounted from the all-time high. 

The token may still fail to correct further as momentum could build quickly due to the developments coming with Metacade Lite. Thus, buying at the current price offers a better chance to acquire the token low and ride a potential price increase that will reap big for investors.

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