The collapse of the FTX has added fuel to the fire for the major cryptocurrency crash of 2022. Cryptocurrency is a high-risk, high-return asset class, and the FTX fiasco exposed inherent weaknesses for the industry to learn from .
Despite the collapse of FTX, Web3 continues to grow. Brand new projects like Metacade (MCADE) reflect the level of innovation found in the space. Read on to find out why MCADE could be the best investment of the year.
The great cryptocurrency crash: 2022 was a year to forget
After a major cryptocurrency crash in 2022, investors are beginning to wonder where the bottom of the bear market might be. Bitcoin (BTC) has already lost more than 75% of its value, while many altcoins, including Axie Infinity (AXS), Shiba Inu (SHIB), and Avalanche (AVAX), have suffered a 90% price drop since hitting their all-time high . time high in 2021.
The cryptocurrency crash has had catastrophic consequences for some major market players, with FTX – the second largest centralized exchange (CEX) – at the time – declare bankruptcy in the wake of falling prices and causing the entire market to fall even further after going bankrupt in November 2022.
The FTX capitulation was caused in no small part by treasury mismanagement by Sam Bankman-Fried (SBF) and the misappropriation of user funds through Alameda Research, a hedge fund controlled by SBF.
After the insolvency of FTX and Alameda became apparent in early November, FTX stopped taking clients. As a result, all cryptocurrency held on the platform was lost and it is currently unclear whether users will ever see their digital assets again. It was a stark reminder of the inherent risks of centralization, especially in an industry where regulatory guidance remains unclear.
The cryptocurrency crash has made several major casualties, most of which are custodial platforms under centralized leadership. ftx, Celsius networkThree Arrows Capital, Voyager, and to some extent even the Terra Ecosystem are all reminders that self-custody is by far the safest way for investors to hold digital assets during a cryptocurrency crash.
Bear markets don’t last forever and Metacade could be the best buy right now
Despite the cryptocurrency crash and the ongoing bear market, there are still many millions of investors around the world who want to buy while prices are low. One of the best buys right now is Metacad. It is a brand new project and with the hype starting to build, it could completely prevent the crash of the crypto market.
Metacade recently announced the start of its token presale, making 70% of MCADE’s total supply available to early investors. Nearly $3.2 million poured into the project in its first nine weeks, and big returns are now predicted for this new GameFi platform.
What is Metacademy?
Metacade is the first community-driven arcade and the largest blockchain project of its kind. The platform will have many different play-to-earn (P2E) arcade games ranging from classic titles to new games developed specifically for the arcade metaverse.
Metacade aims to become a social hub for Web3 users and is already attracting a significant number of followers. Users can discover the latest trends, learn tips and tricks for a variety of blockchain games, and access numerous earning opportunities right on the platform.
How does MCADE work?
Gamers can progress through infinite levels in a series of P2E games, playing casually or competitively. Metacade will host tournaments, where gamers will compete against each other for a chance to win big prizes paid in MCADE tokens.
Metacad also introduces a Create2Earn mechanism, rewarding the community for sharing information and creating content on the platform. Content can include alpha, game reviews, insights, and interactions with other users, all of which provide token rewards for the content creator.
The Work2Earn feature is another method of earning crypto income in the Metacade. Users can access paid job opportunities ranging from short-term work to full-time jobs at Web3 companies. Metacade aims to support users who want to start a career in blockchain.
Metacade is (literally) a game changer
Metacade is built by gamers, for gamers. One of the team’s goals is to support the future of blockchain gaming itself, with the Metagrants program being a means of encouraging developers to innovate in the space.
Developers will submit game proposals and the community will vote to decide which new games they would most like to play. Winning ideas receive early stage funding through Metagrants and launch on Metacade, which will help bring brand new games to the world of Web3 and advance the gaming industry.
Can MCADE reach $5 in 2023?
Metacade is already starting to take off, despite the FTX capitulation and the cryptocurrency crash of 2022. The project is quickly selling out of presale and the MCADE token will soon be launched on decentralized exchanges (DEXing), which will further increase the range.
Experts predict explosive price action after the market recovers from the cryptocurrency crash. By 2025, MCADE could reach $5 in value – a 250x profit from the end of the presale.
Is MCADE Worth Buying?
MCADE presale is an excellent investment opportunity. The token was launched at just $0.008 and its price gradually rises to $0.02 during the pre-sale. The FTX capitulation had no effect on demand for MCADE and the token is expected to sell out during each presale phase.
To get the best possible price for MCADE, investors need to be quick. The presale is first come, first served, and the price will increase when each round sells out. Metacade appears to be one of the few projects that can avoid the bear market, making it a worthy addition to any portfolio.
You can participate in the MCADE presale here.