In addition to the NFT craze in 2021, memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have attracted the craze of hundreds of thousands of investors who want to take advantage of them. While that madness has since died down, some loyal investors are betting that these memecoins will skyrocket in the next cryptocurrency bull market. For seasoned investors, Metacade seems to be the best option, given its potential to dominate the nascent GameFi market.
In this article, we will therefore explain to you the journey of the Dogecoin and Shiba Inu tokens, then why Metacade could soon overtake these memecoins.
Dogecoin (DOGE) shows what a strong community is capable of
the Dogecoin (DOGE) draws its popularity from the explosion in its value, gaining more than 15,000% between the start of 2021 and its peak in November, following a series of tweets published by the richest man in the world, namely Elon Musk . Launched in 2013 as a joke and as a “fun alternative” to Bitcoin, Dogecoin has garnered a loyal following for several crypto winters and is widely considered the king of memecoins.
Many bets were placed on Dogecoin for it to reach $1, which didn’t work out, it peaked at just under $0.75. Since then, Dogecoin has fallen significantly, losing around -92% of its value, to be worth $0.056 in October 2022. For comparison, Bitcoin has only lost -71% since its peak in November 2021. This decline considerable is probably due to the highly speculative nature of DOGE which has no use other than to exist. However, this shows that with a faithful community, almost anything is possible.
The Shiba Inu (SHIB) was highly anticipated in 2021
While investors were all desperate for Dogecoin, some brilliant developers worked behind the scenes to launch their own memecoins. Dozens, if not hundreds, have been launched with varying degrees of success. The most objectively successful Dogecoin alternative, however, has by far been the Shiba Inu (SHIB). Investors flocked to the SHIB token after Elon Musk announced to the world via a tweet that he would be acquiring a Shiba Inu puppy in mid-March. At the time, the SHIB token was worth $0.00000005.
After getting listed on Binance and seeing a resurgence in popularity on Reddit, investors once again upped the ante on SHIB, which peaked at $0.0000885 in late October. For people who bought Shiba Inu after Elon Musk’s tweet, the rise jumped 179,000% at this moment ! Despite this rise, SHIB, like most other memecoins, has grown tremendously suffered from the cryptocurrency bear market. It is now worth $0.00001, down around -89% from its former peak. Memecoin could see another boom in the next bull market, but the outlook short term looks bleak at the moment.
What is Metacade (MCADE)?
Metacade is a revolutionary, highly innovative online community center for fans of GameFi and Web3. Metacade aims to be a reference destination where players, cryptocurrency fans, developers and entrepreneurs can immerse themselves in everything related to the world of Play2Earnwhile collaborating with other like-minded people.
Metacade’s ultimate goal is to create a platform that delivers value every step of the way. To do this, Metacade will give everyone, whatever their background, the opportunity to get in touch with members of the community, to learn and earn more thanks to the incredibly fun world of GameFi. To achieve this vision, the project plans several features that will attract thousands of users as the Play2Earn game grows in popularity.
Why might Metacade (MCADE) outperform memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB)?
Metacade is a sort of all-in-one solution. As you might realize, the world of crypto is so complex that it’s hard to keep up with all the latest developments, especially given its decentralized nature. The world of Play2Earn, being crypto-connected, is no different. While there are platforms that can provide insight into the latest games and how to take advantage of them, they are often poor and run by an individual or a small group of people with limited perspective.
Metacade wants to be a solution to this problem and therefore offers a user-generated rating system, game rankings and discussion areas explaining how to earn money with any Play2Earn game. You don’t have to rely on bad websites anymore, because thanks to Metacade, you can find out what fans like you really think about the latest GameFi titles.
To encourage users to share their ideas and expertise, Metacade will reward them with the MCADE token whenever they post feedback or offer an alpha version of GameFi. This approach has two advantages: it not only provides a level playing field for new players looking to dive into the world of Play2Earn, but it also encourages experienced players to share their knowledge within the community.
But it does not stop there. The template will give you other ways to increase your income on Metacade. You will be able to use your MCADE tokens to participate in exclusive competitions and tournaments, and earn even more with Play2Earn games which you like to play. On the other hand, the future job site of Metacade promises even more: this is where lies the true earning potential. Launching in 2024, this jobs site will offer the community of Metacade platform users the opportunity to find testing opportunities, internships and even management positions with the biggest players in GameFi. and Web3.
But the most interesting feature of Metacade is undoubtedly the introduction of Metagrants. Metagrants are a way for the user community to directly influence the Play2Earn industry, as community members will be able to vote on the games they want to see reach the launch phase.
Metagrants will provide funding to game developers looking to get their projects off the ground, much like Kickstarter projects. But, unlike the Kickstarter model, the community will not spend its time investing in this or that more or less old project. Developers will first have to submit their idea in a competition and convince Metacade users, and only the winner will receive funding from dozens of potential projects. Finally, Metacade’s virtual arcade will only contain the best Play2Earn titles, chosen and validated by the community.
Should you invest in Metacade (MCADE) or memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB)?
While investing in memecoins has offered investors significant profits in the past, their future remains uncertain. Where there is no debate is that alone a strong community that supports a project is able to carry a token on the path to fabulous success. If you take a closer look at the Metacade projectyou will quickly realize how much it will attract a large community of gamers to its platform, as it aims to help players integrate the world of GameFi, to encourage users to help each other within the community and to finance the titles that players want to see available on the platform.
If the genuine thriving communities and fast earning of Dogecoin and Shiba Inu are key things on which we can base our judgment, then there is no doubt that Metacade offers an exceptional investment opportunity to participate in the rapid growth of the GameFi industry. Leave aside the memecoins: Metacade is the future of community cryptocurrencies.
You can take part in the Metacade presale here.