The Metacade community is only counting days to the launch of the much anticipated Metacade Lite.
MCADE price has started responding to the hype on the upcoming Metacade Lite launch.
At press time, MCADE was trading at $0.02229, up 5.44% in the last 24 hours.
Metacade is gearing up for releasing its Metacade Lite version to the public soon, details of which can be confirmed in the recent AMA held on 24 May 2023.
As the CEO of Metacade embarks on AMAs to explain the current status of the project, it is important to point out that the project hit all the milestones set in its roadmap for Q1, 2023. The team is currently working to hit the targets set for this quarter including the launch of the Create2Earn platform that will allow users to sample the game-changing gaming experience that comes with Metacade’s unique approach to play-to-earn (P2E).
What is Metacade and what does it offer?
Metacade is a blockchain gaming platform that aims to become the largest Web3 gaming arcade.
At its core, Metacade aims to offer gamers, investors, and developers access to a decentralized gaming hub, complete with the biggest collection of different play-to-earn (P2E) arcade games. It also plans to allow the integration of multiple earning mechanisms for ecosystem players.
The platform also has a utility ERC-20 token, the MCADE token, which is used to pay rewards in the ecosystem and help platform users access services and opportunities including staking and DeFi. In the future according to the project’s roadmap, MCADE holders will also play a pivotal role in running the project by getting voting rights on governance proposals.
For how long will MCADE maintain the current bullish trend?
The crypto markets are expected to enter a new bullish cycle after a gruelling bear market, it is possible that MCADE could lead the charge within the GameFi and Web3 ecosystem. Seemingly, the crypto market has been on a short bearish pullback after what was a very splendid market recovery for the year that saw the likes of Bitcoin and Ethereum recover 70% and 55% respectively.
The recent developments including the recent Axie Infinity’s debut on the Apple App Store, and the reaffirmation by the Japan-based gaming giant Square Enix that it is committed to blockchain and Web3 gaming could help spark new GameFi demand and adoption.
In addition to the developments within the GameFi space, the MCADE token is also likely to benefit from the Metagrants programme that incentivises developers to increase the creation and deployment of games on the platform. However, MCADE’s future is also dependent on the easing of the macro headwinds including inflation to help the crypto market grow.
Jamie Douglas of Bloomberg Intelligence recently said that Bitcoin price could shoot to $18,000 if only 1% of the global bond market value moved to Bitcoin.
Taking all these into consideration including the upcoming Metacade Lite launch that is likely to spur increased interest in Metacade and its native token, the MCADE price is projected to sustain the current Bull Run and possibly hit $0.045 by the end of the month.
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