Filecoin was undoubtedly one of the most successful cryptocurrencies during the last bull market. That makes it a good measuring stick for emerging projects like Metacade, which looks poised to become one of the best crypto investments of the next market cycle.
But what is Metacade? How does it work? And could it really be as successful as Filecoin (FIL)? All of those questions and more will be answered in the sections below.
What is Metacade?
Metacade is going to be Web3’s very first community-led metaverse arcade. It will be a place where users can play the latest play to earn games and connect with fellow gamers and Web3 enthusiasts from around the world. The site will also host competitive tournaments, prize draws, and other community-focused events.
But that’s just the beginning for Metacade. Through its native coin MCADE, Metacade is building a Web3 ecosystem where users can earn through gaming, staking, and community engagement. By bringing socialising, creativity and gaming into one place, Metacade plans to be a leader in P2E gaming and the metaverse.
When you put it all together, you get an up-and-coming metaverse project that has one of the largest total addressable markets in the crypto ecosystem. This is why so many early adopters and presale investors are excited about Metacade.
How Does Metacade work?
Metacade is powered in part by the MCADE token, which is used for governance and voting on the future direction of the platform. The token will also be used to play certain games, enter competitive tournaments, post jobs, and more. It’s a community token that allows gamers across the planet to enjoy the best of what the Metacade has to offer.
Even better, Metacade is 100% community-centric. The team are focused on generating revenue for the community and putting profits back into the project to further improve the metaverse gaming experience. It’s tough to find another project that’s as committed to its community.
The Metacade community also gets to decide which game ideas get funding. This is done through Metagrants where voters decide on which games should be built and then the platform provides funding support to the developers.
What is Filecoin?
Filecoin (FIL) is a decentralized storage protocol that allows users to store text documents, photos, and videos on a secure peer-to-peer network. Users can also earn income by signing up to help store others’ documents for them.
Filecoin’s FIL token reached a market cap of over $12 billion last market cycle. People got excited about the project because it addresses one of the largest verticals out there – file storage – and could disrupt platforms like Google Docs.
Will Metacade be as successful as Filecoin?
Many already believe that Metacade will be as successful as Filecoin in the previous cycle. But what does that actually mean?
In order for Metacade to be as successful as Filecoin, it would need to reach a market cap of $12 billion next cycle. Is that possible? Absolutely.
Once its presale finishes, Metacade should have a market cap of around $28 million. While this may feel far from $12 billion, expansive growth in metaverse projects is more common than you might think. Sandbox and Axie Infinity both reached market cap peaks of above $10 billion in the last market cycle.
Metacade’s ambitions are larger than either of these projects. With its community-centric vision and massive total addressable market, Metacade has a good chance of reaching a valuation of $10 billion+ in the next bull run. And considering the long-term viability of the project, it could easily grow beyond that.
Will MCADE reach $10?
At the end of its presale, 1 MCADE token will be worth around $0.02, and the project will have a market cap of about $28 million. In order to reach a market cap of $12 billion, each MCADE would need to be worth around $8.50.
That type of growth isn’t farfetched if Metacade can keep up the momentum that it’s starting to develop long enough for global macroeconomic conditions to turn around and for the new crypto bull market to begin.
The metaverse is one of the most prominent projects that crypto investors are looking at. If Metacade becomes one of the premier projects in that niche, then it has a good chance of reaching a goal of $8.50 or even $10+.
At the very least, it should be at a much, much higher price than it is now once the bull market returns.
Metacade is without a doubt the better investment opportunity
If you’re trying to decide between investing in MCADE or FIL, Metacade is by far the better option for each of the following reasons:
- It’s got more room to grow
- It targets a massive audience
- Metacade aligns with the biggest crypto narrative moving forward
- Its community-centric vision will gain grassroots support
When you put it all together, you get an asset that you’ll definitely want to have some exposure to in the next market cycle.
You can participate in the Metacade pre-sale here.