If 2022 taught us one thing, it’s that cryptos, interest rates and inflation are inextricably linked. It’s noticeable that every time the Fed announced a rate hike in response to rising inflation, the value of Bitcoin (BTC), and subsequently, the rest of the market, fell. Thankfully, as we now move into a period of easing inflation, the outlook looks brighter for cryptos. It’s welcome news, especially considering the predicted explosion in demand for GameFi and metaverse games.
Easing inflation could be a key catalyst for Decentraland (MANA), Sandbox (SAND) and Metacade (MCADE). Investors are often reluctant to move in times of high-interest rates and challenging economic conditions. They are far more likely to invest when there’s a stable economy with easing inflation and steadier rates. They’re also far more likely to invest in an exciting sector that is poised for rocketing growth in 2023.
Decentraland (MANA), Sandbox (SAND) and Metacade (MCADE) are all well-placed to benefit from an upturn in the economy and a rise in demand for metaverse games. But are there other factors apart from easing inflation at play here? And which of the three is best placed to surge ahead and give investors the best gains? Read on for insight and a considered analysis of what the future holds.
What is Metacade (MCADE), and how does it work?
Metacade will offer a stunning range of classic arcade and metaverse games for the serious blockchain gamer. Alongside genuine P2E (play-to-earn) functionality, Metacade also offers gamers the chance to generate income through testing, content creation, and new employment opportunities. But Metacade doesn’t stop there. It also acts as the ultimate Web3 community for GameFi developers, investors and crypto enthusiasts.
Metacade aims to allow developers and designers to connect directly with their target market. Developers can propose games directly to the community through the Metagrants program. M CADE holders will vote on proposals and the winner will receive a funding to develop their game for the Metacade platform. Meanwhile, investors and crypto enthusiasts profit from attractive staking and investment opportunities. Metacade (MCADE) works because it brings together all sides of the GameFi industry, combining them for mutual benefit.
Metacade plans to become a DAO where members are rewarded proportionally for everything they bring to the community and given full control of the future of the platform. The focus on community will see Metacade continually giving back to its members through token rewards, community events, and even a jobs board to help them find new roles in GameFi and Web3.
The initial Metacade (MCADE) presale has already sold over $2.1m, so act now if you want to invest, because easing inflation will only make the offer more popular.
What is Decentraland (MANA), and how does it work?
In the Decentraland (MANA) metaverse, players can buy virtual land and develop it in any way they like. That could be a store to sell NFTs and other self-created content, a buzzing music venue to promote new artists, or a dedicated space to showcase new fashion collections. Although there’s still a gaming part to Decentraland (MANA), its focus is much more on using events and experiences to create P2E opportunities.
Decentraland (MANA) scores highly because of its first-mover advantage. Other companies talk about being in the metaverse, but Decentraland (MANA) is already there. That said, user numbers have yet to really take off, and social interaction on the platform is limited. Perhaps a combination of easing inflation, lower interest rates, and the increasing prevalence of Web3 technology will allow Decentraland (MANA) to really fly in 2023.
What is Sandbox (SAND) and how does it work?
Sandbox (SAND) started life as a mobile phone game before morphing into a major player in the metaverse gaming sector. There can be a tendency in crypto gaming to focus more on the crypto and less on the gaming, but that accusation can’t be leveled against Sandbox (SAND). With the gaming element to the fore, players and investors can buy and develop virtual plots of land. They can then generate income through renting, trading, and creating NFTs and other content.
Sandbox (SAND) has much to commend it. It’s great fun and easy to use, it’s an established player with top brand partnerships, it offers genuine P2E functionality, and it’s a DAO that works for the benefit of its members. But is its target market too narrow? Time will tell. But as easing inflation and better economic indicators take hold, there are still plenty of people who believe that Sandbox (SAND) could once again reach the spectacular highs of November 2021.
Choosing between Metacade (MCADE), Decentraland (MANA) and Sandbox (SAND)
Metacade (MCADE) is a GameFi and metaverse platform for a community of gamers, developers and investors. Decentraland (MANA) features a virtual world full of events, concerts and experiences, attractive to digital artists. Sandbox (SAND) has a greater focus on games and gamers, with more P2E possibilities.
While Decentraland (MANA) and Sandbox (SAND) both retain the capacity to regain their former highs, newcomer Metacade (MCADE) has immersive games, clear potential, and comprehensive functionality increase the likelihood Metacade will make it big in 2023. Metacade is currently in its presale stage, and, if it can enjoy the same value increases Decentraland and Sandbox experienced early on, it could easily hit $1 and beyond in the coming years.
On the basis of a stronger economy, a recovering crypto industry, and massive projected growth in the metaverse gaming sector, Metacade (MCADE), Decentraland (MANA) and Sandbox (SAND) all look like hot prospects for 2023. But Metacade (MCADE) comes out on top, thanks to its huge selection of games, its widespread appeal across the GameFi spectrum, and early mover advantage – but buy now, as the 1st stage presale at the best price ends soon.
You can participate in the Metacade presale here.
The post Easing Inflation Could Be Key Catalyst for Decentraland (MANA), Sandbox (SAND) And Metacade (MCADE) appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
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Author: Alice Davies