Crypto prices continue to rise as Metacade’s presale draws to a close
2023-03-14 20:02:28 ET
The past few days marked a difficult time for investors as not one but three notable banks collapsed under pressure, adding to an already tense investment environment. Investors must now deal with fears of further bank crashes on top of inflation and employment concerns, questions about how the economy will respond to potential new rate hikes, the ongoing war in Ukraine and much more.
But at the same time, Bitcoin (BTC/USD) rallied 15% to start the week and briefly traded above the key $25,000 resistance level on Tuesday. Looking over a seven-day, 30-day and 60-day period, it is clear that investors currently favor not only Bitcoin, but the broader crypto market with reason to believe that the momentum can be sustained throughout the year.
This enthusiasm can and should trickle down the entire crypto sector and even positively affect pre-sale projects, such as Metacade .
Investors ‘look for alternative currencies’
We can still count on one hand the number of days since Silicon Valley Bank’s ( NASDAQ:SIVB ) collapse and subsequent panic that hasn’t subsided despite a rally in stock prices on Tuesday. The bank runs seen in recent days and the possibility of more to come are yet more evidence of the broken nature of traditional finance and a lack of investor confidence in the simple concept of a bank’s ability to keep customers’ funds safe and readily available.
Even notable billionaire investors who have been around for decades and experienced all kinds of horrors are worried. Carl Icahn is one example of an investor ringing the alarm bells. He said on CNBC’s “Closing Bell” on Tuesday that we “absolutely have a big problem in our economy” and rampant inflation is “the worst thing the economy can have.”
So does this represent a watershed for crypto and perhaps smaller startups like Metacade?
Nigel Green is managing director of the deVere Group, a large independent financial advisory firm. He said in a statement obtained by Invezz that Bitcoin and crypto “act as a safe haven” as Wall Street is “crippled by a relentless agenda of rate hikes.” He adds:
Investors are therefore looking for alternative currencies, such as cryptocurrencies. Going forward, these will increasingly compete with traditional, fiat, and this will help trigger the diminishing dominance of currently leading international currencies.
Pre-sale crypto projects like Metacade are attractive
Play to earn crypto projects represent one of the many available options for both seasoned cryptocurrency and everyday investors to diversify away from their fiat holdings. The concept is quite simple: crypto-based games to earn games enable players to earn money while playing games. This niche has a name; it’s called game-fi.
Game-fi is a unique crypto-based offering that not only allows users to enjoy the benefits of cryptocurrency, but also ensures that users have fun while at it. One of the projects at the forefront of pushing Game-fi to the masses is Metacade.
Metacade is a pre-sale cryptocurrency project focused on bringing out the best of gaming and finance built on blockchain. Built as a Web3 community, Metacade creates an environment for gamers and crypto fanatics to collaborate and communicate with each other. Also, the platform has a native coin, $MCADE, which acts as a reason for community members to get more involved and help grow the ecosystem from within.
In an environment like that sparked by the ongoing banking crisis, Metacade stands out as an asset that can hold weight in any investor’s portfolio, however small.
MCADE is a good opportunity for long-term growth
According to Metacade’s website, the current sixth pre-sale phase is about 97% sold, showing that the project continues to attract new investors willing to buy at a higher price. The current price of $0.017 represents a big jump from the beta round that attracted investors at $0.008.
Once the sixth phase is completed, the price to buy Metacade is set to increase by 9% before rising to $0.02 in the final eighth phase which ends at the end of March. The fact that the project is in the pre-sale stage means that all buyers today will be the first to cash in on expectations of an increase in value when Metacade graduates into a notable crypto exchange.
So, what makes Metacade a good opportunity? Simply put, the total market capitalization of all game-fi coins is just $11 billion, according to Coingecko. This pales in comparison to the traditional global gaming market which collectively accounts for $200 billion in revenue. As such, the size of the crypto game-fi industry has plenty of room for expansion over the years as crypto and blockchain projects gain popularity.
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