Home > News > Metacade (MCADE) Could Outperform Memecoins Like Shiba Inu (SHIB) and Dogecoin (DOGE)

Metacade (MCADE) Could Outperform Memecoins Like Shiba Inu (SHIB) and Dogecoin (DOGE)

Alice Davies

Alongside the NFT craze of 2021, memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) attracted hundreds of thousands of investors looking to get in on the hype. While that hype has died down since then, some loyal investors are banking on these memecoins to go to the moon during the next crypto bull market. For savvy investors, Metacade seems to be the better option, given its potential to dominate the budding GameFi market.

In this article, we’ll briefly explore what’s been going on with Dogecoin and Shiba Inu before explaining why Metacade could soon outperform these memecoins.

Dogecoin (DOGE) Shows What a Strong Community Can Achieve

Dogecoin (DOGE) rose to prominence after soaring over 15,000% from the start of 2021 to its peak in November, following a series of tweets from one of the world’s richest men, Elon Musk. Launched in 2013 as a “fun alternative” to Bitcoin, Dogecoin has amassed a loyal legion of fans throughout multiple crypto winters and is widely regarded as the king of memecoins.

While many bets were placed on Dogecoin reaching $1, it fell short, peaking at just under $0.75. Since then, DOGE has tumbled significantly, falling around -92% to be worth $0.056 in October 2022. For comparison, Bitcoin is down only -71% since its November 2021 peak. This tremendous decline is likely due to the highly speculative nature of DOGE and the lack of utility for it. However, it goes to show that, with a loyal community, virtually anything is possible.

Shiba Inu (SHIB) Was One of the Most Hyped Coins of 2021

While investors clamored to get their hands on Dogecoin, some bright developers were plotting in the background to bring their own memecoins to the market. Dozens, maybe even hundreds, launched with varying success. The most objectively successful Dogecoin alternative, however, has by far been Shiba Inu (SHIB). After Elon Musk tweeted to let the world know he would be buying a Shiba Inu puppy in mid-March, investors flooded into the SHIB token. At the time, SHIB was worth $0.00000005.

After a listing from Binance and a surge in popularity on Reddit, investors bid up SHIB again, causing it to peak at $0.0000885 in late October. For those who bought Shiba Inu after Musk’s tweet, they were up 179,000% at this point! Despite this runup, SHIB, like most other memecoins, has suffered immensely during the crypto bear market. It’s now worth $0.00001, falling around -89% from its former peak. While memecoins might see another explosion in the next bull market, their near-term prospects are looking bleak right now.

What is Metacade (MCADE)?

Metacade is an online hub positioning itself at the forefront of GameFi and the Web3 revolution. It’s a place for gamers, crypto fanatics, developers, and entrepreneurs to immerse themselves in everything Play2Earn while collaborating with other like-minded individuals.

Metacade’s ultimate goal is to create a platform that offers value at every step. To do this, it will be providing an opportunity for anyone, no matter their background, to connect, learn, and earn more from the incredibly lucrative world of GameFi. To carry out this vision, they’re launching several features likely to attract thousands of users as Play2Earn gaming soars in popularity.

Why Could Metacade (MCADE) Outperform Memecoins Like Dogecoin (DOGE) and Shiba Inu (SHIB)?

At its core, Metacade is a kind of all-in-one solution. You may have noticed that the world of crypto is so vast that it’s hard to keep track of all of the latest developments, especially given its decentralised nature. The world of Play2Earn, being closely linked with crypto, is no different. While platforms do exist that might provide some insight into the latest games and how to make the most from them, they’re often lackluster and run by an individual or a small group of people with a particular perspective.

Metacade aims to be a solution to this issue by offering a user-generated review system, game leaderboards, and areas for discussing how to earn from any given Play2Earn title. No longer do you need to rely on poorly maintained websites because with Metacade, you can find what people like you really think about the latest GameFi titles.

To encourage people to share their thoughts and expertise, Metacade rewards its users with the MCADE token every time they post a review or offer up some GameFi alpha. There are two benefits to this approach: not only does it level the playing field for new gamers looking to dip their toes into the world of Play2Earn, but it also gives experienced players an incentive to share their knowledge with the community.

This isn’t the only way to boost your income with Metacade, though. You’ll be able to use your MCADE tokens to enter exclusive prize draws and tournaments to earn even more from the Play2Earn games you already love to play. But Metacade’s job board is where the real earning potential comes in. Launching in 2024, this job board will offer Metacade’s users the chance to find casual testing opportunities, internships, and even senior roles working with the biggest names in GameFi and Web3.

Perhaps the most exciting feature of Metacade, however, is the advent of Metagrants. Metagrants are a way for the community to directly influence the Play2Earn industry by allowing them to vote on the games they want to see built.

Metagrants offer funding for game developers looking to get their projects off the ground, kind of like Kickstarter. But unlike Kickstarter, the community doesn’t just throw money at any old project. Here, developers must first enter their idea into a competition and win over Metacade’s users, with only the winner receiving funding out of dozens of potential projects. Eventually, Metacade’s virtual arcade will be full of only the best Play2Earn titles as voted for and endorsed by the community.

Investing in Metacade (MCADE) vs. Memecoins Like Dogecoin (DOGE) and Shiba Inu (SHIB)

While investing in memecoins has offered investors significant returns in the past, their future remains uncertain. One thing that is clear is that, with a strong community behind a project, the chances of a token succeeding increase dramatically. When we look at Metacade, it’s easy to see how a large gaming community will likely be drawn to its platform given its ideas around helping players break into the world of GameFi, incentivising users to give back to the community, and funding the titles gamers want to see built.

If Dogecoin and Shiba Inu’s loyal communities and rapid gains are anything to base our assumptions on, then Metacade provides an outstanding investment opportunity to be a participant in the quickly-accelerating growth of the GameFi industry. Forget about memecoins: Metacade is the future of community-based crypto.

You can participate in the Metacade pre-sale here.

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