New Cryptocurrencies, Like Metacade, Learn Lessons From Fall of FTX
(Originally posted on : Analysis Archives – Best Bitcoin Exchange )
New cryptocurrencies can often produce insane returns for early investors, but the 50x gems can be difficult to uncover with so many options out there. In the wake of the FTX collapse, investors are desperate to find community-driven projects that have strong fundamental characteristics, and Metacade (MCADE) may just be the best crypto to buy now in that respect.
MCADE is a brand-new cryptocurrency that has the potential to attract a large number of users over time. Read on to find out why MCADE is the best crypto to buy now.
Metacade is driving progress after the FTX collapse
The fall of FTX caused significant damage to the crypto industry. Not only did prices fall, but there was a widespread loss of faith in centralized exchanges (CEXs) and an overall decline in investor confidence. Other CEXs, like Binance and OKX, have released proof-of-reserves audits in an attempt to restore trust, but it may take some time for the industry to fully recover.
However, new cryptocurrencies such as Metacade can grow stronger through the clarity gained from the FTX collapse. The project is driven to serve the Web3 community directly and gives its users a significant level of control. Demand for the new cryptocurrency is rising, and the token looks like the best crypto to buy now.
Metacade recently announced the beginning of its presale and attracted more than $3.2 million worth of investment in the first nine weeks. Presales are the earliest stage of investment in cryptocurrency, which gives MCADE major upside potential from the current price level.
What is Metacade?
Metacade aims to become a central hub for the Web3 community. It will offer a range of crypto-earning opportunities in addition to the largest selection of play-to-earn (P2E) arcade games that can be found anywhere on the blockchain. Since MCADE is a new cryptocurrency, its unique offering and high potential make it the best crypto to buy now.
The platform will be community-driven, which means it can avoid the same kind of problems that plagued FTX, which was entirely centralized. Metacade has been built by gamers, for gamers, and recently completed a security audit from Certik, a leading blockchain auditor.
Metacade has more than doubled its following on social media in the past month and continues to gain traction as more investors are attracted by its functionality. Without a doubt, the MCADE token looks like the best crypto to buy now.
How does it work?
Metacade’s P2E arcade will host a range of different games, including classic digital pastimes and brand-new titles that have been developed especially for Metacade. It will offer both casual and competitive gameplay, as gamers can use the Compete2Earn feature to win major prizes paid in MCADE tokens.
The platform’s Create2Earn mechanic will reward users for creating content and contributing to the community. This can include game reviews, sharing the latest insights about blockchain gaming, or interacting with other Metacade users. In return for getting involved and sharing this information, the community can earn MCADE token rewards.
As well as this, Metacade will host a crypto jobs board from 2024 onward. This will connect users to full-time job opportunities with Metacade’s partners in Web3. The community will also be able to access part-time gig work, freelance opportunities, and beta testing roles on the Metacade platform.
Metacade is a game-changer
GameFi looks set to “change the game” for good, as integrated earning mechanics and new cryptocurrencies can revolutionize the entire gaming industry – another reason why it’s the best crypto to buy now.
By creating a jobs board for its community, Metacade can ensure that crypto enthusiasts are given opportunities to start a career in Web3. All new games released in the Metacade will need beta testers, which gives a unique chance to gamers to earn an income while doing what they love the most. Metacade’s job creation can attract a significant number of users over time.
Another reason why MCADE is the best crypto to buy now is that the Metagrants program will provide early-stage funding for game developers who want to launch new titles in the arcade. Metacade is a new cryptocurrency that will support innovation directly, helping to expand the scope and scale of GameFi through its Metagrants program.
Could MCADE reach $1 in 2023?
After the presale is complete, the price of MCADE could skyrocket. This is because the token will have its IDO and will be made available on the free market through decentralized exchanges (DEXs). Additionally, the Metacade will open for business in 2023 which will further boost the project’s reach and attract an increasing number of users.
Experts are predicting explosive price action as a result. The MCADE token could breach $0.50 and hit $1 by the end of 2023, which would be a 50x gain from the end of the presale price of $0.02.
MCADE: The best crypto to buy now
The MCADE token was launched at just $0.008 at the start of its presale. This price will rise to $0.02 by the end of the event, which means that investors looking to get the lowest MCADE price should invest as early as possible.
The token looks like the best crypto to buy now, as it has major upside potential from its current price level. It’s certainly a great addition to any investment portfolio, as new cryptocurrencies with strong fundamentals often are.
You can participate in the MCADE presale here.