Ethereum Price Prediction Struggling. Can New Companies Like Metacade Overtake the Classics?

The crypto bear market conditions experienced across the board in 2022 look set to continue into 2023. The impact of this prolonged bear market is being felt on the values of currencies across the board, including well-established coins, such as Ethereum. The Ethereum price prediction for 2023 and beyond suggests that ETH coin holders could gather moderate gains, but any gains are likely to be dwarfed by some newcomers to the market.

One of these new projects that have gained enormous momentum in the past few months is Metacade (MCADE), a new metaverse gaming platform set to eclipse Ethereum price predictions in 2023.

What is Metacade?

Metacade is a brand-new blockchain-based gaming platform that aims to create the metaverse’s first virtual video game arcade, featuring the biggest and best range of play-to-earn (P2E) titles. A community-led platform where the interests of members and gamers are at the center of the platform’s plans, Metacade looks set to revolutionize the GameFi sector while bringing together gaming enthusiasts with like-minded people.

Metaverse gaming is a growing industry. Metacade’s outstanding white paper outlines the team’s plans for the future by developing Create2Earn, Compete2Earn, and Work2Earn schemes to sit alongside the central P2E capability, providing community members with unrivaled earning potential.

What’s different about Metacade?

Metacade has several aspects that will push the GameFi industry forward with its self-sufficient ecosystem fuelling a flow of MCADE tokens into gamers’ wallets as rewards and providing the impetus for their innovative Metagrants scheme.

Metagrants will launch in Q3 of 2023 and provide a bridge between the platform’s Create2Earn and Work 2 Earn initiatives. Developers can apply for crypto grant funding to support the design and release of new exclusive titles voted for by the community members. Metacade is also set to launch a jobs board in Q4 of 2024 that will connect Web3 companies with top talent and give the community a chance to find new roles in GameFi and beyond. 

Ethereum (ETH): Still a market-leading blockchain

Ethereum continues to weather the storm provided by competitors offering supposedly quicker, cheaper, more eco-friendly, and more scalable blockchain solutions. Yet, Ethereum remains the blockchain of choice for the vast majority of dApps, DeFi, and GameFi solutions. Indeed, the reliability, resilience, and stability offered by Ethereum provide developers and customers with a degree of reassurance that rivals have yet to conquer.

The recent release of Ethereum’s gen-2 blockchain has undoubtedly helped the platform retain its position as the leading provider of blockchain solutions ahead of its challengers, such as Solana. The new proof-of-scope (PoS) consensus has eclipsed the old proof-of-work (PoW) consensus in terms of functionality, speed, cost, and energy efficiency, cementing Ethereum as one of the leading cryptocurrencies on the market.

Metacade (MCADE) price prediction

Metacade’s recently launched presale event has already gained enormous momentum, with the initial stages selling out in weeks, raising more than $1.3 million – with the current total at $4.1m. While investors have missed out on the opportunity to buy MCADE tokens at the launch price of $0.008, there is still time to get a good deal. The current value is $0.012 and will continue to increase with each phase of the presale to an eventual $0.02.

Experts believe that demand for MCADE tokens will surge when they are listed on exchanges due to the current hype. There is great potential for Metacade to become one of the leading GameFi platforms in the next few years and investors already HODLing their tokens will only push demand higher. 

Early investors taking advantage of the presale value stand to benefit from incredible gains over the next few years. Price predictions for 2023 see MCADE potentially break the $1 barrier, while $5 or higher is being forecast by the time the next bull market is expected to occur in 2025. By 2030, predictions are that MCADE could have surged beyond $25.

Ethereum (ETH) price prediction

Ethereum is one of the best-established cryptocurrencies on the market. As such, it has not been immune to the challenges experienced across the board by the bear market conditions of 2022, which are continuing into 2023.

Although growth is expected over the next few years, Ethereum price predictions show more sluggish growth than Metacade, partly due to its being well-established. By the end of 2023, Ethereum price predictions suggest that ETH will have recovered to around $1787, still more than 50% lower than its all-time high (ATH) achieved at the height of 2021’s bull market.

Ethereum price prediction for 2030 suggests that ETH will have exceeded its all-time high, potentially to a value around 50% higher than its 2021 ATH, representing good returns for the long-term crypto investor.

MCADE vs. ETH – The verdict

Weighing up the value of potential investments is a case of risk versus reward. The history of established currencies and their platform reliability, in the case of Ethereum, provides investors with comfort and reassurance.

One of the appealing sides of crypto investment is backing the next big thing, and Metacade’s fresh and exciting plans for its platform and the broader GameFi industry look set to cement it as a significant player in the coming decade. 

Ethereum price predictions suggest modest gains between now and the end of the decade for ETH token holders, while MCADE investors could see monumental returns over the same period. That makes Metacade the must-buy investment in 2023.

You can buy ETH at eToro here.

You can participate in the Metacade presale here.