MCade price prediction for Metacade Lite launch
- The Metacade Lite version is eagerly awaited by the Metacade community.
- The price of MCADE has started to respond to the hype surrounding the upcoming Metacade Lite launch.
- Currently, MCADE is trading at $0.02229, which is up 5.44% in the last 24 hours.
Metacade is preparing to release its Metacade Lite version to the public soon, which was confirmed in the recent AMA held on 24 May 2023.
The CEO of Metacade has been conducting AMAs to explain the current status of the project. It is important to note that the project has achieved all the milestones set in its roadmap for Q1, 2023. The team is currently working to achieve the targets set for this quarter, including the launch of the Create2Earn platform that will allow users to experience the unique play-to-earn (P2E) gaming offered by Metacade.
What is Metacade and what does it offer?
Metacade is a blockchain gaming platform that aims to become the largest Web3 gaming arcade.
The platform 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.
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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 grueling 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 program that incentivizes 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 into consideration all these factors, including the upcoming Metacade Lite launch that is likely to increase interest in Metacade and its native token, the MCADE price is projected to sustain the current Bull Run and possibly reach $0.045 by the end of the month.