The crypto forecast 2023 suggests the bear market could be nearing its end, as prices are expected to start rising before the year is up. Both Bitcoin (BTC) and Solana (SOL) are set to start gaining some momentum, while Metacade (MCADE) could produce explosive price action as a new cryptocurrency with huge potential.
Crypto forecast 2023: Will MCADE reach $1?
The MCADE token recently launched in its presale event and attracted over $2.1 million worth of funding in weeks. Its parent platform, Metacade, aims to become an exciting community-driven hub for GameFi, and looks to have the potential to become one of the biggest names in the blockchain gaming space.
When all presale stages are complete, MCADE could quickly skyrocket in value as investors realize the possibilities behind Metacade with its ground-breaking earning mechanics. The crypto forecast in 2023 for MCADE is that it could breach the $0.50 level, only meeting resistance at $1 – which would reflect an incredible 25-50x gain following the presale.
What is Metacade (MCADE)?
Metacade has plans ready to become the biggest gaming arcade to be found anywhere on the blockchain. The platform will be host to an increasing variety of different play-to-earn (P2E) games as well as a suite of additional features designed to reward its community directly.
Users can earn MCADE tokens for providing useful contributions to the platform, including writing game reviews, sharing alpha, and interacting with other members. These features are designed to boost the level of information-sharing across the platform and could help turn Metacade into a hive of activity to learn about all things GameFi.
The core features of the Metacade platform revolve around its play-to-earn arcade, in which gamers will gain access to a broad range of titles, including some classic games that have been remastered for the blockchain. Metacade will offer both casual and competitive gameplay, as users can access paid entry tournaments for the chance to win major MCADE prizes.
How does Metacade work?
Metacade offers a variety of features that enable its community to earn crypto. Create2Earn rewards users for their contributions, Play2Earn rewards users for playing games, Compete2Earn rewards tournament winners, and Work2Earn will offer exclusive job opportunities within the world of Web3 as the platform develops further.
From 2024 onwards, Metacade will have a jobs board that connects its users to roles at a variety of blockchain projects. The community can also find work testing new arcade games coming to Metacade, providing feedback to game developers with the aim of preparing new titles for official release.
Over time, Metacade aims to become a decentralized autonomous organization (DAO) and hand full control over to the community. MCADE holders will be able to vote on governance proposals to drive the development of the platform, and the core team of Metacade will be fully staffed by prominent members of the community.
What is Bitcoin (BTC)?
Bitcoin was the first cryptocurrency to be built using blockchain technology. The blockchain uses Nakamoto consensus, which is a robust and secure method of processing financial transactions in a distributed computer network. BTC is mined when nodes solve a complex mathematical problem, with new blocks being produced every 10 minutes on average.
Crypto forecast 2023: Will BTC reach $30,000?
The price of BTC usually follows its 4-year halving cycle, in which the number of BTC that is mined in every block is cut in half. This process is programmed into the BTC source code, and a crypto bull market has historically followed in the months after every halving.
After bottoming out between $10,000 and $16,000, the crypto forecast for 2023 suggests that BTC is expected to reverse its bearish trend and start to gain momentum ahead of the halving event in 2024. By the end of 2023, BTC could target a key resistance level of $30,000.
What is Solana (SOL)?
SOL is the native token for the Solana blockchain, which can support a high number of transactions at a low cost due to its unique consensus mechanism. SOL combines a proof-of-stake and proof-of-history consensus into a single protocol, which enables rapid block finality.
The SOL ecosystem is home to many different decentralized applications (dApps), including NFTs, DeFi services and blockchain games. After falling under $10 at the end of 2022, SOL is expected to recover in 2023 as it aims to reclaim its previous all-time high of $259.
Crypto forecast 2023: Will SOL reach $50?
The crypto forecast for 2023 suggests that SOL could reach $50 after recovering from a dismal performance during the 2022 bear market. The token suffered significantly following the collapse of FTX in November, but the ecosystem remains a strong blockchain with a bright future.
Crypto forecast 2023: Metacade is the best looking for the future
The MCADE token presale has been a massive success so far as investors have been keen to get involved in MCADE at the current price level. The beta phase sold out 140,000,000 MCADE tokens at an astonishing pace, with future investment rounds quickly to follow suit.
The price of MCADE is set to rise from $0.008 to $0.02 during the presale stages. MCADE’s long-term price prediction is extremely bullish as the wider crypto market approaches the next bull market, which clearly makes the Metacade presale the best investment opportunity right now.
You can participate in the MCADE presale here.
The post Crypto Forecasts for 2023: Solana (SOL) and Metacade (MCADE) appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
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Author: Alice Davies