Bitcoin Price Prediction: BTC is Set To Bounce While Metacade is Ready To Skyrocket
Bitcoin news has been bleak over the past year, with many tumultuous events shaking the crypto space. Price action for the world’s most well-known cryptocurrency has been minimal and the value of BTC has remained lower than many would have hoped for. However, 2023 has seen upward movement for BTC and long-term crypto investors are now anticipating a more positive Bitcoin price prediction in the coming months.
With the crypto market set to rebound in 2023, it’s high time for some positive Bitcoin news. This article takes into consideration the factors affecting the BTC price and offers some not unrealistic Bitcoin price predictions. There’s no doubt that Bitcoin now has some competition, so it’s important to consider projects like Metacade (MCADE) – the latest gem in the GameFi sector with 100x potential – and whether it can outperform the likes of Bitcoin.
Bullish Bitcoin news: Could it kickstart a major bull run?
After an explosive start to 2023, which saw some bullish Bitcoin news, the wider crypto markets are starting to produce positive price action across the board. BTC had its highest weekly gain since the beginning of 2021, rising over 20% in total in the second week of January.
The Bitcoin price prediction is now positive as investors forecast further gains throughout 2023. The Bitcoin news has caused an upward cascade as many altcoins have posted major gains in the same timeframe, with altcoin gems such as Metacade now ready to skyrocket.
What is Bitcoin?
Bitcoin is the largest cryptocurrency by market capitalization and the first digital currency to be created using blockchain technology. BTC uses proof-of-work consensus, which makes the digital ledger extremely secure and robust. Bitcoin is a pioneer of decentralized blockchain technologies with deflationary tokenomics, making the long-term Bitcoin price prediction extremely promising.
The Bitcoin blockchain has proven to be a valid method of processing payments securely, quickly, cheaply, and conveniently, as it does not rely on a trusted third party to verify the order of transactions. Anyone can join the BTC network as it is a permissionless, open-access digital finance system.
Bitcoin price prediction: Can BTC reach $30,000 in 2023?
The Bitcoin price prediction has become more bullish after the recent Bitcoin news. Investors are targeting a key resistance level at $30,000; however, this relies on BTC holding support above the $18,000 price level, a key area to keep an eye on over the coming months.
The next Bitcoin halving event is scheduled for 2024, which means that BTC will likely gain momentum in 2023 ahead of posting new all-time highs between 2024 and 2025. The Bitcoin news is bullish, and the price prediction reflects these positive movements.
What is Metacade?
Metacade is a community-driven blockchain arcade offering the largest selection of play-to-earn games in Web3. Users gain access to extensive earning opportunities, as Metacade aims to become a central hub for Web3 users and crypto enthusiasts.
In addition to playing some of the hottest online games available on the blockchain, Metacade users can take advantage of a range of decentralized finance (DeFi) services on the Metacade platform. This can include staking MCADE tokens to earn a passive income and participating in Metacade’s Work2Earn initiative to actively earn an income.
How does MCADE work?
The metaverse arcade will combine casual and competitive gameplay to produce a comprehensive GameFi experience for Metacade users. While most GameFi platforms offer just one game, Metacade offers a vast range of different experiences in a single location. All games in the Metacade have integrated earning mechanics, as the platform is driving the expansion of blockchain gaming directly.
The Metacade community hub will also reward content creators through its Create2Earn feature. This is designed to incentivize knowledge sharing on the platform, as Metacade will become a central location to discover the latest trends and alpha in blockchain gaming.
The Work2Earn feature will connect users with paid job opportunities in Web3, including full-time roles at blockchain projects from 2024 onwards. Additionally, Metacade users can through part-time roles or freelance positions at Metacade’s partner projects and by testing out new arcade games before they are launched on the platform.
Can MCADE reach $1 in 2023?
The MCADE token recently launched its presale, which is expected to be a high-potential investment opportunity for any avid crypto investor, as Metacade could become a leading project in the GameFi revolution over time. The MCADE token raised $1.3 million during its initial investment rounds and has now attracted over$6.2m.
In 2023, MCADE has the potential to skyrocket after the presale is complete. The Metacade platform will launch and with this demand for MCADE is likely to rise. By the end of 2023, the MCADE price prediction forecasts a potential $1 price level, which is a 50x gain from the end of the presale.
MCADE vs. BTC price prediction: Which is the better buy?
After the recent Bitcoin news, BTC is starting to look bullish for 2023 and beyond. However, the Bitcoin price prediction forecasts only a 40% return on investment despite the bullish Bitcoin news in January 2023, which means that investors could expect a much larger return by investing in the MCADE presale.
The Metacade presale will see the price of MCADE rise from $0.008 to $0.02 per token. Explosive gains are expected to occur when MCADE is launched on centralized and decentralized exchanges (DEXs). Early investors have a major opportunity to buy into a promising altcoin gem at the beginning of its journey. The MCADE presale is, therefore, a great investment opportunity for 2023.
You can participate in the Metacade presale here.