The FTX collapse ignited the 2022 cryptocurrency crash. Cryptocurrencies are a high-risk, high-return asset class, and the FTX debacle has highlighted inherent weaknesses that the industry can learn from.
Despite the demise of FTX, Web3 continues to grow. Brand new projects such as Metacade (MCADE) reflect the level of innovation seen in the field. Read on to find out why MCADE is the best investment of the year.
The Cryptocurrency Crash: 2022 Was a Year to Forget
After the cryptocurrency crash of 2022, investors are starting to wonder where the bottom of the bear market will be. Bitcoin (BTC) has already lost more than 75% of its value, but many altcoins, including Axie Infinity (AXS), Shiba Inu (SHIB), and Avalanche (AVAX), have all reached their prices since Suffering from a 90% price drop. Highest price for 2021.
The cryptocurrency crash had a devastating impact on some major market players, including FTX, the second largest centralized exchange (CEX) at the time. announced bankruptcy In the wake of price declines, the overall market fell even further after the bankruptcy in November 2022.
FTX’s surrender was due in no small part to financial mismanagement by Sam Bankman-Fried (SBF) and the embezzlement of user funds by Alameda Research, a hedge fund controlled by SBF.
When FTX and Alameda bankruptcy became apparent in early November, FTX stopped withdrawing its customers. As a result, all cryptocurrencies held on the platform will be lost, and it is currently unknown if users will ever be able to see their digital assets again. It was a strong reminder of the risks inherent in centralization.
The cryptocurrency crash has taken some heavy tolls, mostly custody platforms under centralized leadership. FTX, Celsius networkThree Arrows Capital, Voyager, and even Terra Ecosystem all remind us that, to some extent, self-custody is the safest way for investors to hold their digital assets during a cryptocurrency crash.
Bear Markets Won’t Last Forever, Metacade Could Be the Best Buyer Right Now
Despite the cryptocurrency crash and ongoing bear market, there are still millions of investors around the world looking to buy while prices are low. One of his best buys at the moment is MetacadeThis is a brand new project and the hype is starting to build, thus avoiding a crypto market crash entirely.
Metacade recently announced the launch of its token pre-sale, making 70% of total MCADE supply available to early investors. Nearly $3.2 million has flowed into the project in his first nine weeks, and is now projected to be the primary revenue source for this new GameFi platform.
What is Metacade?
Metacade is the first community-driven arcade and the largest blockchain project of its kind.The platform has a variety of play-to-earn (P2E) arcade game. From classic titles to new games developed exclusively for the Metaverse Arcade.
Metacade aims to be a social hub for Web3 users and already has a large following. Users can discover the latest trends, learn various blockchain gaming tips and tricks, and access many earning opportunities directly on the platform.
How does MCADE work?
Gamers can progress through endless levels in a variety of P2E games that can be played casually or competitively. Metacade hosts tournaments. Gamers can go head-to-head for a chance to win major prizes paid out in MCADE tokens.
Metacade We will also introduce the Create2Earn mechanism to reward the community for sharing information and creating content on the platform. Content can include alphas, game reviews, insights, interactions with other users, and more. All of these bring token rewards to content creators.
The Work2Earn feature is another way to earn crypto income with Metacade. The user has access to paid job opportunities ranging from short-term jobs to full-time employment at her Web3 company. Metacade aims to support users who want to start their career in blockchain.
Metacade is (literally) a game changer
Metacade was made by gamers, for gamersOne of the team’s goals is to support the future of blockchain gaming itself. The Metagrants program is a vehicle for encouraging developers to innovate in this area.
Developers submit game suggestions, and the community votes to determine which new games they most want to play. Winning ideas receive early-stage funding through Metagrants and launch on Metacade. This allows us to bring new games to the Web3 world and move the gaming industry forward.
Could MCADE Reach $5 in 2023?
Despite the 2022 FTX capitulation and cryptocurrency crash, Metacade is already starting to take off. The project sold out quickly during the pre-sale and the MCADE token will soon be launched on the decentralized exchange (DEX), further pushing its reach.
Experts predict explosive price action after the market recovers from the cryptocurrency crash. By 2025, the value of MCADE could reach $5. This is a 250x profit over the end of the presale..
Is MCADE Worth Buying?
The MCADE presale is a great investment opportunity. The token launched at just $0.008 and the price gradually increased to $0.02 during the presale. The surrender of FTX will not affect demand for MCADE and the token is expected to sell out during all pre-sale stages.
Investors need to act quickly to get the best possible price for MCADE. Pre-sale is on a first-come-first-served basis, and the price will increase as soon as it is sold out. Metacade looks like one of the few projects that can avoid a bear market, so it’s a worthy addition to any portfolio.
You can participate in the MCADE presale here.
