The privacy-focused Monero Project was launched in 2014 as an alternative to bitcoin. It has managed to grow a passionate community around the project, but with its focus on protecting the anonymity of its users almost 10 years since its launch, Monero’s biggest challenges may yet be ahead.
New regulations look like they could limit XMR’s accessibility, and newcomer Metacade is positioning itself at the heart of GameFi, so it’s no surprise to see many holders of the older, more established Monero taking action. .
Metacade is a rare opportunity
Metacade caused a stir in investment circles and in cryptocurrency market news due to the incredible performance of the project’s presale. In the 10 weeks since the start of the presale, the project has raised an impressive $5m, and that total has since grown to $7.2m.
Metacade is proving extremely popular with investors due to the plans outlined in the white paper recently released, showing a plan to deliver meaningful value to the world’s three billion gamers.
What is Metacade?
Metacade is set to revolutionize gaming with its comprehensive ecosystem of reward mechanisms, centered on developing the world’s largest play-to-earn (P2E) arcade.
The plans outlined in his whitepaper have been praised by investors, especially for the project’s consistent design choices. Currently, Metacade is well positioned to secure a significant share of the gaming market, the price of its native MCADE token could increase significantly from 2023.
How Metacade Works
Metacade’s great rewards system allows players to earn income through various means, but mostly by playing games on the platform. From casual games to more competitive styles, the project targets a lot of gamers, giving it a huge Total Addressable Market (TAM).
The MCADE token is used not only to provide rewards, but it also offers staking options to investors. This allows MCADE holders to benefit from a passive income stream, simply by putting their tokens to work for the project.
One of the features that has been enthusiastically received is the Metagrants program, which allows the community to participate in the future of arcade development. Developers will submit projects, which will then be voted on by MCADE holders. Winning projects are eligible for funding through Metacade funds. This program has been praised for its growth and user retention, by directly involving the community in decision-making processes.
The great challenges of Monero
Monero is set to face a tough 2023, which is reflected in Monero’s price forecast, with the rise of regulation potentially heralding a difficult future for the privacy-focused project. While Monero offers an anonymous cash-like experience that its proponents see as essential for the future of individual freedoms, it doesn’t align well with anti-fraud legislation.
While it’s likely impossible to completely ban Monero, if regulators sanction the exchanges, we could see the token all but disappear from the mainstream crypto world, meaning XMR’s price is unlikely to be able to sustain its levels. support currents, hence why every Monero price prediction looks relatively pessimistic.
Metacade Price Prediction
Metacade has an incredibly bright future ahead of it, and with technical launches later in the year, we could easily see the price of MCADE increase 40-50x to around $1 in 2023. This is due to the growth of users that investors follow.
Beyond 2023, we should expect to see a $5 MCADE in 2025, provided the project maintains momentum, as the low circulating supply should make the market very accessible.
Monero Price Prediction
Although Monero has benefited from the recent bullish news in the cryptocurrency market which has boosted the overall market, XMR holders are currently pondering which Monero price prediction would be right for them. It is likely that they would agree if the token could just maintain its current value of around $170 this year.
Beyond that, the project, unfortunately, faces challenges, and so any modest growth in the price of the token to perhaps $200 would be a huge payoff for the project.
Investors should choose Metacade
There really is no comparison between Metacade and Monero, with the newcomer offering an incredible opportunity for huge potential gains while Monero struggles for survival.
The Metacade presale shows that there is great momentum behind the platform, with savvy investors looking to get into Metacade as soon as possible.
You can participate in the Metacade presale here.