Dubious headlines have followed Elon Musk since he completed his much-publicized takeover of the micro-blogging social media platform Twitter. From his heavy-handed diktats expressing his expectation that all employees commit to working “long hours at high intensity” to the return of several high-profile, controversial figures to the platform, Musk has been in the news.
Elon Musk has long been connected with the crypto meme coin Dogecoin, even advocating its use as an alternative currency in his Twitter takeover at one stage. With his focus otherwise occupied by events at Twitter Towers, it’s unclear what impact his link with Dogecoin will do its value. Dogecoin price predictions are starting to look poor though.
Meanwhile, a new ground-breaking metaverse gaming project has been gaining plenty of attention from investors. Metacade has built enormous momentum in its presale, selling out its first stages within weeks, raising more than $3.4 million in the process.
Why has Metacade captured the imagination of investor and will its presale hype continue? And what about Dogecoin’s price prediction? Has Elon Musk helped or hurt DOGE?
What is Metacade?
Metacade is a brand-new blockchain-based gaming hub that aims to disrupt the GameFi market and take it onto new levels of innovation. A community-based arena where gamers and GameFi enthusiasts can hang out and play the best play-to-earn (P2E) titles to earn passive income and gain handsome crypto rewards for socially interacting with the platform.
The primary attribute of Metacade’s community is the vast array of P2E titles in the platform’s gaming library. These games reward users for completing game tasks and performances in online tournaments.
Metacade offers much more than just P2E options. For example, users can earn through the Create2Earn program, which rewards gamers for alpha sharing, assisting other users with gaming knowledge, and writing game reviews.
Other features include the Compete2Earn scheme, where users contribute to the self-sufficient metaverse economy by staking MCADE tokens to participate in tournaments and regular prize draws, with lucrative prizes on offer. In addition, in Q1 of 2024, a jobs board that seeks to push GameFi and Web3 development forward by allowing enthusiasts to apply for positions in the industry through their Work2Earn initiative will be launched on the platform.
How does Metacade work?
Metacade is fuelled by the native MCADE coin that underpins the entire ecosystem. It will be used to reward players, make transactions on the platform, and in governance voting to allow the Metacade community to be involved in key decisions about the future of the platform.
Metacade is funded in several ways. Revenue will come from advertising, charging external gaming companies to release their titles on Metacade, and charging to place external Web3 vacancies on the jobs board.
While these revenue streams ensure the platform’s long-term existence, the ground-breaking Metagrants initiative will push Metacade to the forefront of the GameFi revolution. Game developers can apply for Metagrants funding to support the development of new exclusive titles for Metacade. Submissions will be voted on by the Metacade community, providing the members with ownership of the games they want to see on the platform while encouraging innovation in the GameFi sphere. The scheme begins in Q3 2023, with the first titles to hit the virtual arcade floor in Q1 2024.
Metacade also plans to launch a jobs board in Q2 of 2024 that will list a variety of internal and external job postings. Metacade’s community members will be able to search for everything from temporary gigs and internships to full career opportunities within the GameFi industry.
Why has Metacade gained so much presale momentum?
Nothing gets investors’ attention like a well-planned and rich project roadmap, and Metacade’s white paper ticks all the boxes. This provides Metacade with a long-term potential that is often lacking in many other GameFi projects, which are infinitely more limited in scope by comparison.
Metacade has plans to become a fully-fledged DAO by the end of Q4 2024, eventually handing all of its key roles and decision-making responsibility over to its community. This roadmap highlights Metacade’s “by gamers, for gamers” philosophy, and will give users an unprecedented level of control over the direction the platform takes. Metacade’s platform will continue to reinvent itself and evolve with the regular release of exciting new titles as well.
Meanwhile, Metacade takes security extremely seriously, with the entire project being submitted to leading blockchain auditor CertiK for verification to assure investors that their money is being utilized wisely and that the project is trusted and secure.
With a small project team currently working on the platform’s developments, Metacade can react agilely to any snags and errors that arise quickly. As Elon Musk is finding out to his cost, trying to do the same at a sprawling behemoth like Twitter is somewhat trickier. This makes Metacade a desirable prospect to investors, especially when Dogecoin price predictions are taken into account.
Is MCADE a sounder investment than DOGE?
Dogecoin may appear to have the edge over Metacade by being a well-established cryptocurrency. However, DOGE is hindered by its high market cap which is restricting the opportunities for price growth. This and the potentially toxic links between a preoccupied Elon Musk and DOGE keep Dogecoin price predictions bearish moving into 2023.
Metacade offers investors an enviable opportunity to get early access to a coin that will increase throughout its nine presale phases before skyrocketing once it hits the decentralized exchanges. MCADE’s presale value looks undervalued, meaning long-term investors can make significant gains in 2023 and beyond.
MCADE remains in its presale and is currently valued at $0.012 each. With the value increasing to $0.02 by the end of the presale, the sooner investors add MCADE to their crypto portfolio, the higher the returns are likely to be.
You can buy Dogecoin at eToro here.
You can participate in the MCADE presale here.
