Bitcoin news has been negative over the past year, with many events rocking the crypto world. Action for the world’s most well-known cryptocurrency has been minimal, and the value of BTC has remained lower than many would have hoped. However, 2023 has seen upward movement for BTC and long-term crypto investors are now anticipating a more positive bitcoin price prediction in the coming months.
With the crypto market poised for recovery in 2023, it’s high time for some positive Bitcoin news. This article takes into consideration the factors that affect the price of BTC and offers Bitcoin price predictions that are not unrealistic. There is no doubt that Bitcoin now has competition, so it is important to look at projects like Metacade (MCADE), the new big project in the GameFi sector with the potential for a 100x increase, and see if it can outperform Bitcoin.
Bullish Bitcoin News: Can It Cause a Major Upside?
After an explosive start to 2023, which saw some bullish news on bitcoin, the broader crypto markets are beginning to produce positive price action overall. BTC recorded its highest weekly gain since the start of 2021, rising more than 20% in total during the second week of January.
Bitcoin Price Prediction Now Positive, with Investors Expecting Further Gains Through 2023. The Bitcoin news has caused an upward move as many altcoins have posted strong gains in the same time frame, with altcoin projects such as Metacade now poised to explode.
What is Bitcoin?
Bitcoin is the largest cryptocurrency by market value and the first digital currency to be created using blockchain technology. BTC uses consensus proof of work, which makes the digital register extremely safe and solid. Bitcoin is a leader in decentralized blockchain technologies with a deflationary token supply, which makes the long-term bitcoin price prediction extremely promising.
The Bitcoin blockchain has proven to be a valid method for processing payments in a safe, fast, cheap and convenient way, as it does not depend on a trusted third party to verify the order of transactions. Anyone can join the BTC network, as it is a permissionless, open-access digital financial system.
Bitcoin Price Prediction: Can BTC reach $30,000 in 2023?
The bitcoin price prediction has turned more bullish after the recent bitcoin news. Investors are targeting a key resistance level at $30,000; however, this hinges on whether BTC remains above the $18,000 price level, a key area to watch over the coming months.
The next bitcoin halving event is scheduled for 2024, meaning BTC will likely gain hype in 2023 before posting new all-time highs between 2024 and 2025. Bitcoin news is bullish, and the price prediction reflects these positive moves.
What is Metacade?
Metacade is a community blockchain arcade that offers the largest selection of play-to-earn games on Web3. Users have access to great earning opportunities as Metacade aims to become a central hub for Web3 users and crypto fans.
In addition to playing some of the coolest online games available on the blockchain, Metacade users can enjoy a range of decentralized financial services (DeFi) on the Metacade platform. In particular, they can stake MCADE tokens to earn passive income and participate in Metacade’s Work2Earn initiative to actively earn income.
How does MCADE work?
The arcade metaverse will combine casual play and competitive play to produce an experience GameFi complete for Metacade users. While most GameFi platforms only offer one game, Metacade offers a huge range of different experiences in one place. All Metacade games have built-in earning systems, as the platform directly drives the expansion of blockchain games.
The community hub Metacade will also reward content creators through its Create2Earn feature. This is designed to encourage knowledge sharing on the platform, Metacade will then become a central place to discover the latest trends and alpha in blockchain gaming.
The Work2Earn feature will connect users to paid job openings in Web3, including full-time roles in blockchain projects from 2024. Additionally, Metacade users can, through full-time roles part-time or freelance positions, participate in Metacade’s partner projects and test new arcade games before they are launched on the platform.
Can MCADE reach $1 in 2023?
The MCADE token recently launched its presale, which should be a potential investment opportunity for any fanatic cryptocurrency investor, as Metacade could become a leading project in the GameFi revolution over time. The MCADE token raised $1.3m in its early investment rounds and has now raised over $6.7m.
In 2023, MCADE has the potential to explode after the end of the presale. The Metacade platform will be launched and with this, the demand for MCADE is likely to increase. By the end of 2023, MCADE’s price prediction predicts a potential price level of $1, which is a 50x gain from the end of the presale.
MCADE vs BTC Price Prediction: Which is the Better Buy?
After the recent Bitcoin news, BTC is starting to look bullish for 2023 and beyond. However, the bitcoin price forecast only predicts a 40% return on investment despite bitcoin’s bullish news in January 2023, which means that investors could expect a much bigger return by investing in the presale. from MCADE.
The Metacade presale will see the price of MCADE drop from $0.008 to $0.02 per token. Explosive gains are expected when MCADE launches in both centralized and decentralized (DEX) marketplaces. Early investors have a major opportunity to buy a share of a promising altcoin project at its start. The presale of MCADE is therefore an excellent investment opportunity for 2023.
You can participate in the Metacade presale here.