2022 has been one of the craziest years on record for the crypto industry on the whole. But the latest crypto market recovery could be a sign that things are starting to get back on track. Or, at the very least, that the bottom may already be in sight.
That makes now an excellent time to start looking for the next cycle’s top investments. Among contenders, Metacade has the best potential to be one that’s set to skyrocket. Keep reading to learn how its presale has shattered expectations during a tough time in the crypto market.
What Caused the Crypto Market Recovery?
The latest crypto market recovery saw coins like Bitcoin climb above $20,000 and Ethereum take back key levels on their long-term charts. Other projects like Solana and Cardano have recovered a bit as well. This coincided with the S&P 500 having one of its best days since the 2008 financial crisis. This type of correlation has been common for crypto and legacy finance throughout 2022.
Follow CryptoMode on Twitter, Youtube and TikTok for news updates! Crypto and legacy markets have been moving in lockstep with one another because of tightening global macroeconomic conditions sparking fear in investors. The latest crypto market recovery might’ve been a signal that those fears had passed if it wasn’t for the subsequent shocking collapse of FTX.
Now, crypto prices are back down after the latest crypto market recovery as investors seek to minimize their exposure to FTX and the projects and platforms that the exchange was involved with. However, this looks like it might just be a temporary downturn in the market that leads to a renewed crypto market recovery once the dust settles.
What is Metacade (MCADE)?
Metacade (MCADE) is Web3’s first virtual arcade. It’s a gathering place where friends and competitors can come together to try the best P2E and GameFi games in a single place.
The platform offers a wide variety of games to choose from along with different ways to play them, whether that’s competitively in tournaments or casually with friends. By having many different genres of games to choose from as well, Metacade ensures that there’s a title for everyone to enjoy regardless of their preferences. This is part of the platform’s aim for longevity and continued user use.
Metacade also provides a variety of ways to earn money through Web3, including:
- Winning tournaments and prize draws
- Staking MCADE tokens
- Posting engagement-worthy content
MCADE is the project’s native token. It’s what’s used to access paid gaming titles, vote on project governance, and make transactions on the platform. Users will also be able to deploy their MCADE tokens when they wish to enter a competitive tournament or purchase some merchandise, for example.
The Metacade team will also award Metagrants to developers who need funding to bring their GameFi projects to life. This will help to give back to the community and ensure that there are always new games coming into the Metacade for the general public to enjoy. And with a whole pool of beta testers available, Metacade is shaping up to be a place where games are played, designed, and developed.
Why is Metacade Outperforming the Market?
The crypto market recovery started out strong but has since stalled due to FTX’s implosion. However, investor demand for MCADE’s presale has never been higher. So why the difference?
Metacade is emerging as one of the hottest new GameFi projects because it’s more than just gaming. Sure, the platform collects the latest, greatest Web3 gaming titles and allows users to access them all in one place. But Metacade is about community. It’s a platform that brings people together and makes it easier for them to share their enjoyment of gaming with one another in whatever ways they choose.
Additionally, Metacade still has a relatively low market cap – especially when compared to the top metaverse projects on the market. Smart investors have correctly identified that this means MCADE’s upside is still sky-high, whereas most of the coins that are struggling right now may have already seen their best days.
Is Metacade’s Presale Still Happening?
The crypto market is an interesting place right now where it could go either way. But Metacade’s destination appears to be heading upward – even as this latest uncertainty surrounds the industry.
The project’s presale is still running, so it’s definitely not too late to get involved. If you’re interested in learning more about Metacade and its MCADE token, you can do so at the following links.
You can participate in the Metacade presale here.
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.
