How Metacade (MCADE) is Rising in Presale as Apecoin (APE) Fails to Recover
Metacade (MCADE) has been showing off recently, rising in value during its presale. Conversely, ApeCoin holders have been left dwindling in the breeze, as the project begins to face up to a much more difficult reality.
Suffering a dizzying drop from a lofty high of $22 in April of this year of 2022, the Apecoin (APE) price is now at a mere $4.75. It started this month of October at $5.30 and has shown no significant signs of recovery anytime soon.
Let’s take a look at why Apecoin (APE) is crashing and what makes Metacade (MCADE) a superior investment opportunity in comparison.
Why is Apecoin (APE) Crashing?
Sometimes, it can be hard to distinguish specifically why a given coin takes a nosedive, but it seems to be precisely what is happening to APE here.
In general, many coins simply have a hard time delivering, promising the moon and stars, but ultimately failing to deliver on even a basic product. With this hype endemic to the cryptocurrency industry, some can also easily end up over-evaluated. Marketing teams can spend so much time hyping up a project that development becomes its secondary priority, much like what is occurring with ApeCoin now.
Perhaps the most significant reason for Apecoin’s troubles is that it’s almost directly tied to the Bored Yacht Ape Club – a collection of artistic NFTs on the Ethereum blockchain. Additional to that the development has just been extremely slow. Without a serious value proposition, people are understandably losing interest in these projects – following their initial price surges, neither has provided any serious evidence of utility for the long-term.
Hence, in the context of utility, it’s obvious why Apecoin (APE) is crashing. More savvy investors are finally starting to see the light and dropping tokens which show little practical value – instead flocking to long-term, sustainable projects, such as Metacade (MCADE). The rising interest in Metacade is almost certainly correlated to its comprehensive, real-life use case propositions, as well as a super simple premise – a virtual arcade gaming hub.
The Rise of Metacade (MCADE) & How It Works
Metacade is looking to offer a complete gaming ecosystem. Its aim is to become a one-stop-shop for all things gaming related. Play to earn (P2E) gamers will be able to find their favorite games here and interact not only with one another, but even developers of the games themselves in order to be part of shaping the community and building new games.
The ecosystem is designed to give back to the community through various revenue-generating mechanisms. One such example could be token staking – which is expected to play a key part in terms of giving back to the community. Further ways to earn tokens for investors and gamers include:
- Game testing for development titles
- Play to Earn titles on the arcade
As well as some revenue sources generated by the community:
- Pay to Play titles
A token-burning mechanism is also to be introduced in the near future. A lower total supply could result in increased price appreciation and allows users to be rewarded for holding and taking part, as opposed to overspending.
Metacade also offers multi-signature wallets for housing its treasury. This is vital for the safe storage of assets as well as for secure transfer. This risk management mechanism requires 2 or more private key signatures for access – creating a much safer platform for its users.
Metacade (MCADE) is Without A Doubt the Better Investment Opportunity
There are multiple reasons why Metacade (MCADE) is a superior investment opportunity as compared to the crashing ApeCoin (APE).
First, there is serious potential for Web2 gamers to be onboarded to Web3. The eSports industry is huge and its potential has not yet been investigated in terms of Web3 as such, this market is already considered primed to break out. Currently, at $1.5 billion, it is expected to grow to $5.48 billion by 2029, even by conservative estimates.
Second is that Web3 offers a lot more features in comparison to Web2 – with innovative revenue generation mechanisms that reward players for their time and attention. Social integration, secured wallets, and NFTs are what players are after, and this cannot be found in Web2.
As such, with Metacade looking to focus on Web3 features in the future, while being easily understood by Web2 gamers in its early stages, it really highlights what extraordinary investment potential the platform has as it moves further into development.
Finally, further cemented by the drastic crash in the Apecoin (APE) price, is that Metacade (MCADE) offers much better upside potential. It is expected to rise considerably following its presale, as greater numbers of investors and gamers begin to notice its capability. The platform is well positioned to enter into a viable market, with an enormous audience eager to join Web3 coming along for the ride.
A Brighter Future For Metacade
In stark contrast to Metacade, Apecoin is largely tied to an NFT collection that may have had its day, having been unable to show any real utility or value to date. It is long past its presale and hype phases, and without a specific market like Web3 gaming to aim for, investors are understandably losing interest. For these reasons, it is predicted that APE will continue to crash.
In total, 1.4 billion tokens are available for the Metacade presale at a beginning sale price of 125MCADE for $1. There are 9 stages in this tiered presale event and a total of 2 billion tokens overall.
The MCADE token buy in will more than double in price by the end of presale, to 50 MCADE for $1. This is one more reason why Metacade continues to gain support in its presale while projects like Apecoin fail to recover. In comparing utility, and long-term prospects for the platforms, Metacade clearly has an absolute advantage.
You can participate in the Metacade pre-sale here.
The post How Metacade (MCADE) is Rising in Presale as Apecoin (APE) Fails to Recover appeared first on Analytics Insight.