The crypto market has endured a painful bear market over the last year with losses driven by the macroeconomic outlook. A strengthening US dollar and treasury market sucked the wind out of the risk asset sail. The market for cryptocurrencies will recover but not all coins will have a strong upswing. Investors need to understand the dynamics of community and utility in order to profit from the next bull market. A new project that incorporates these important drivers is Metacade (MCADE).
What is Metacade?
Metacade is a new project aiming to be the go-to hub for gamers and developers in the play-to-earn sector. The project’s vision is to create a fun, dynamic metaverse hangout for like-minded people to embrace GameFi and experience Web3 culture. Metacade will build the world’s first community-developed play-to-earn (P2E) crypto arcade. For investors, the platform combines two of the most important sectors of crypto in the coming years: play-to-earn gaming and the metaverse.
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Investors can get involved now during the coin’s presale and the MCADE token can be staked to support the community and earn a return from project revenues. The coin will also have in-game rewards like access to merchandise and exclusive P2E tournaments. Metacade can bring investors together with entrepreneurs, developers, and crypto enthusiasts who want to share their interests, skills, and talents for a common goal.
Why Should You Invest in P2E Gaming?
Statista said that gaming is no longer a niche interest, but a billion-dollar juggernaut with annual industry revenue of $197 billion. The crypto industry caught a glimpse of the gaming sector’s revenue potential with the meteoric rise of Axie Infinity. The P2E game saw the price of its coin rise from mere cents to $160 and had 2.7 million daily users at its peak. The game created by an Asian design house even caused problems in the Philippines jobs market as gamers quit their day jobs to chase the NFTs and coin rewards in Axie.
In a recent report from the BGA, the group said that 1.4 million wallets were interacting with games daily, which is almost 50% of blockchain usage. Gaming NFTs also accounted for 20% of all NFT sales in 2021 at $4.5 billion. Those numbers can be supercharged during another bull market but they also happened before the metaverse and the additional users that will be drawn to the crypto market. With huge potential for revenue, investors should be looking to get exposure to the gaming and metaverse trends and Metacade is the perfect coin to do this.
Why should you invest in Metacade?
Metacade is tapping into both the metaverse and blockchain gaming, the two hottest sectors in the crypto market, and is bringing a novel idea in the form of a metaverse arcade. Adding to that new idea is a community-owned and developed project which will see more revenues returned to investors and a gaming platform that is run by the best gamers and developers.
The P2E sector has shown the potential for investors with the explosion in Axie Infinity and gamers at the time reported that the gameplay was not even good, but it offered big earning potential. Metacade will bring multiple titles, created by gamers and tested by gamers to ensure high-quality gameplay.
A multi-game platform will also be much more appealing than the one-title Axie Infinity format. The crypto market has been brutal lately but if investors want to stay inside the box and invest in Bitcoin and wait for a price of $100k or $500k, they may be sorely disappointed with the result. The P2E and metaverse are predicted to create gains far above a digital gold or payments coin.
Conclusion
Investors that got burned investing in those tokens should take a look at the Metacade presale. The markets are all ready and gearing up for a potential meme coin-style surge in MCADE. On top of that, the Metacade arcade could disrupt the P2E sector and with the right game titles, the project could see its market value skyrocket even higher.
You can participate in the Metacade pre-sale here.
