The start of a new year is always a good time for investors to look to the future. With that in mind, how does the 2023 Cardano (ADA) price prediction compare to Metacade (MCADE)? Is it best to invest in the long-established blockchain platform, or is new crypto-gaming company Metacade poised to overtake Cardano (ADA) in 2023? Read on for the answers.
What is Metacade?
Metacade gets its name from merging “metaverse” and “arcade”, perfectly encapsulating the company ethos. Metacade focuses on blockchain games and aims to create a thriving Web3 community for players, developers, crypto fans, investors, and entrepreneurs. Metacade earns its revenues through pay-to-play games, advertising, competition entry fees, and job listings. Users can make money through P2E games, competitions, the creation of content, interaction with other members, and testing of new games.
Metacade is Ready to Rise
Look beyond the doom and gloom caused by the FTX crash; there are still bright spots in the crypto industry. Many experts expect GameFi and play-to-earn (P2E) to really take off in 2023, and Metacade is set to be part of that rise. It has an outstanding vision for the future, has been approved by top blockchain auditors CertiK, and has already raised over $1m in its initial presale. Could it go higher than the ADA price prediction in 2023? There’s every reason to believe it could.
All About Cardano (ADA)
Cardano offers a decentralized proof-of-stake (PoS) blockchain faster and cheaper than proof-of-work (PoW) platforms like Ethereum. Renowned for its thorough testing and academic approach, Cardano supports a wide range of DeFi services, smart contracts, and DApps. A series of new updates and developments – such as stablecoin DJED – are expected in 2023 and should do nothing to harm Cardano’s hard-earned and well-deserved status as a reliable and trustworthy company.
Cardano (ADA): Slow and Steady Wins the Race?
Cardano (ADA) is often accused of being a slow mover in the fast-paced crypto world. Given that the tortoise famously beat the hare, that’s not necessarily a bad thing. However, comforting as it is to reference old fables, many observers believe that Cardano sometimes undermines itself with its cautious approach. How harmful were the delays around the Vasil upgrade? Is Cardano (ADA) in danger of being left behind by rivals who are more fleet of foot? And is its image simply not sexy enough to attract new clients?
Invest Now or Bide Your Time?
There’s a school of thought that says a bear market is the best time to invest because prices are low and markets invariably recover given time. However, pessimists point out that there are very good reasons why stocks are falling, like rising interest rates, the war in Ukraine, Covid 19, and concerns over crypto markets in general. So maybe it is better to bide your time. Then again, those factors mentioned above create excellent value, especially if you know where to look.
So, where is the smart money going in 2023? Is following steady crypto market stalwarts like Cardano (ADA) the way to go, or are investors tempted by more exciting opportunities in new sectors like GameFi and P2E? Time to get down to business and look at the Metacade (MCADE) and Cardano’s ADA price predictions.
Metacade (MCADE) Price Prediction: Game On!
Early investor advantage is no secret, but choosing the best new companies is key. With the GameFi sector set to explode, Metacade represents a compelling investment opportunity. Some experts are already predicting it could triple its presale price. You can still avail of the Phase 1 price of $0.01, but be quick, as it’s selling fast!
Beyond the launch, who knows how high MCADE could go? Based on the performance of similar companies, there is talk of it reaching $10. Game on!
Cardano’s ADA Price Prediction: More of the Same
It has to be said that ADA didn’t set the world on fire in 2022. Equally, its price didn’t crash and burn like some other stocks did. The ADA price prediction for the coming year may be more of the same: worthy but not exciting. Perhaps if the general market picks up and more people buy into Cardano’s new smart contract functionality, there’s a chance for growth. But with a current price of $0.2524 and no sign of any general upward trends in the market, 2023 looks like a time of consolidation for ADA.
Metacade (MCADE) v Cardano (ADA) Price Prediction: Who Wins?
As the saying goes, the greater the risk, the greater the reward. That might make you believe that cautious investors should choose the established Cardano (ADA), and those seeking a higher return should opt for newcomer Metacade. But that may not be the case here. First, any investment carries a degree of risk, even with a recognized player like Cardano (ADA). Second, sometimes, certain market sectors – like GameFi – seem sure to succeed. And that means Metacade (MCADE) could overtake Cardano (ADA) in 2023.
You can buy Cardano’s ADA tokens at eToro here.
You can participate in the Metacade presale here.