Home > News > Missed Out on Shiba Inu (SHIB) and Dogecoin (DOGE)? Meet Metacade (MCADE)

Missed Out on Shiba Inu (SHIB) and Dogecoin (DOGE)? Meet Metacade (MCADE)

Alice Davies

In the last bull market, meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) soared amid the strong risk-taking sentiment within the crypto community. Theories about fair valuations and fundamentals went out the window as investors with minimal experience saw massive gains in a short space of time followed by rapid descent shortly after.

If you saw through the hype and decided not to take the risk on meme tokens in 2021, then you might be able to get in on a smart opportunity for substantial returns with Metacade – an upcoming platform with a true utility token. Let’s explore.

The Dogecoin (DOGE) and Shiba Inu (SHIB) Saga

What actually led to Dogecoin (DOGE) and Shiba Inu (SHIB) increasing so much? To begin our tale, we need to go back to the year 2013. The Doge meme is all the rage, and Bitcoin is just entering the public eye. Two software developers found it hilarious to combine the two, expecting little reaction from the market. To their surprise, the Dogecoin website, dogecoin.com, garnered over a million unique visitors within its first month.

Between 2013 and 2021, Dogecoin found a loyal but niche fanbase on Reddit. After the Gamestop short squeeze in late January, investors flooded onto r/WallStreetBets and r/SatoshiStreetBets and pushed to send Dogecoin “to the moon.”

As DOGE increased over 1000% and found a new price floor above $0.05, things were relatively quiet until Elon Musk tweeted on March 14th that his company, SpaceX, is “going to put a literal Dogecoin on the moon.” Musk had expressed his liking for the Dogecoin project, but the level of support was unprecedented.

Between the 8th of April and the 8th of May, DOGE rose another 1000%+ from $0.058 to peak just shy of $0.74. But in the meantime, a copycat project called Shiba Inu rose to prominence after Musk tweeted in mid-March that he would be getting a Shiba Inu puppy.

Hype builds, and Binance lists SHIB on its exchange on May 10th. By this point, SHIB had gone from being worth $0.00000005 when Elon Musk made his tweet to being worth $0.00003503 when Binance listed the token – an approximate 70,000% increase.

Following May’s correction, SHIB stayed subdued until October. Investors flooded in and pushed SHIB up a further 1000%+ to its $0.000088 peak on October 27th.

Where Are Dogecoin (DOGE) and Shiba Inu (SHIB) Now?

Since its May peak, DOGE has collapsed -91% and is now worth around $0.06 in October 2022. Similarly, SHIB has tumbled -87.5% to be worth $0.000011 today. While we can’t discount further rapid price rises in the future, it’s becoming increasingly likely that future hype-fueled gains are priced in as the market has become acutely aware of the potential for huge run-ups in meme coins. That’s where Metacade comes in.

What is Metacade?

Metacade, unlike Dogecoin or Shiba Inu, has the potential to garner massive community support and hype while offering an actual use case. Metacade is the ultimate Web3 gaming hub that intends to be the central hub for everything metaverse gaming, Play2Earn, and GameFi.

If you’re involved in the crypto space, you’ll know that the future of gaming is likely to be blockchain-based and focused on decentralisation. Metacade plans to be at the forefront of Web3 gaming with user rewards, community-developed titles, and a platform to find work related to the games you love.

Why Metacade Could Easily Overtake Dogecoin and Shiba Inu

Rewarding Users for Adding to the Community

Metacade plans to reward its users for helping each other out to make the community the best it can be. As the number of Play2Earn titles multiplies over the next few years, it will become increasingly difficult to gain an edge in Web3 gaming. Metacade hopes to solve this by rewarding players for posting reviews and sharing the latest GameFi alpha with the MCADE token. Players can even participate in casual game testing to help developers squash bugs and get paid for their contribution.

A Grassroots Virtual Arcade

One of Metacade’s most ambitious plans in 2023 is to launch Metagrants, a platform for users to vote on games they want to see developed. Metacade will then use the community’s funds to allocate resources to the winning project, in essence leading to a democratised games studio where every member plays a vital role. Eventually, Metacade plans to host these titles in their virtual arcade for anyone to play.

Helping Players to Replace Their Traditional Income

The world of work has changed significantly over the past decade. The rise of the gig economy has led to casual work as a primary source of income for some. As part of the roadmap for 2024, Metacade plans to add a job board that will give gamers the chance to start earning more from their passion for gaming. This might range from collecting some beer money by reviewing and testing games in development to kickstarting a career in a high-growth industry with some of Web3’s biggest names.

Whatever your goals in the Web3 economy, Metacade intends to be the platform that makes it all possible.

Metacade Could Deliver Huge Gains Like Dogecoin (DOGE) and Shiba Inu (SHIB)

While it’s unknown whether DOGE or SHIB will pump again, the odds of Metacade seeing the same massive gains are becoming a real possibility. The gaming community is quick to jump on trends (think of Fortnite, for example), so it wouldn’t be surprising if the MCADE token quickly grows as players unlock the incredible value in Metacade.

As history teaches us, the potential for outstanding returns is highest at the beginning. By the time Metacade enters the mainstream, it might already be too late to see 1,000%, 10,000%, or even 100,000% gains.

You can buy Dogecoin and Shiba Inu at eToro here.

You can participate in the Metacade pre-sale here.

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