Top meme coin projects such as Dogecoin (DOGE) and Shiba Inu have been widely criticized for their energetic communities building so much momentum and the projects skyrocketing in the crypto charts.
However, both projects managed to weather the 2022 bear market. Thus, holders will look at Shiba Inu price predictions for 2023 to make a conclusion about the investment potential of the token.
Many SHIB investors are attracted to a new and exciting project, Metacadwhich looks set to deliver much more dramatic gains in 2023. With the challenges facing SHIB and the great potential of the Metacade project, we will likely see more and more SHIB holders attempt to capitalize on MCADE’s probable rise above SHIB over time. next months.
What is Metacademy?
Metacade is an innovative new project that intends to provide its users with an incredible and diverse play-to-earn (P2E) arcade. By building around this flagship P2E arcade, Metacade is poised to redefine GameFi by creating a community hub that puts gamers first.
While the P2E arcade is already drawing a lot of attention from savvy investors who see its potential, the Metacade ecosystem is supported by a host of other additional features.
There is an ingenious rewards system throughout the project, with rewards for playing games and winning competitive tournaments hosted on the Metacade platform, and for contributing to the community through actions such as writing game reviews. This encourages users to contribute to the project and is a strategic masterstroke to ensure the project can build tremendous momentum.
How does it work?
The project uses a utility and governance token, MCADE, to power the reward system and as a medium of exchange on the platform. MCADE tokens can also be staked, allowing token holders to earn passive income, with rewards provided even in stablecoins so as not to increase the circulating supply of MCADE.
Metacade has another innovative mechanism that promotes the platform’s success: Metagrants. Metagrants allow game developers to pitch ideas within the Metacade ecosystem, with MCADE token holders deciding where to allocate funding. This will help drive engagement and adoption of the platform as the community can give the money to the projects they are most excited about.
The Metacade team has understood the importance of the project becoming self-sustaining, so a number of different revenue streams have been set up to support the project on an ongoing basis. This includes on-platform advertising, a gaming launch pad, and competitive tournaments, just to name a few.
Metacade (MCADE) Price Prediction: The sky is the limit
Metacade has a clear strategic plan who considered all the elements to ensure the success of the project. With the GameFi space already showing its robustness, it is well understood that it is a part of Web3 that is about to explode. So it comes as no surprise that the outlook for Metacade is much better than the Shiba Inu price prediction.
With the MCADE Token quickly selling out during the red-hot pre-sale, there is no doubt that the price of MCADE is very likely to rise dramatically in the coming months. Many predict GameFi will see a surge in adoption, and MCADE could hit $0.50 by 2023 and looks likely to hit $5 before 2025.
Shiba Inu Price Prediction: Can It Hold Up?
One challenge meme coins face is that they rely heavily on the hype built up by the community and need momentum to keep rising. While SHIB is undoubtedly still a important supporters associationwith little real-world utility from the project, it seems unlikely the project will be able to see the levels of hype it reached in 2021.
The Shiba Inu price forecast takes this into account with SHIB having to focus on sticking to the current price meaning if SHIB were to $0.000008 by the end of 2023 it would be considered a successful year for the project considered. Aside from dramatic changes in utility, the token looks likely to slowly decline over the next year as the community desperately tries to spark more interest.
Metacade (MCADE) vs Shiba Inu (SHIB): Which is better?
There is no doubt that MCADE represents a significant opportunity for all investors, and this is likely the driving force behind the huge interest seen in the presale so far. While SHIB may be able to hold out for a while, any serious investor looking for a great return on their investment should jump into MCADE and leave the Shiba Inu community alone. With this in mind, Metacade looks very likely to outperform SHIB in the coming months.
You can participate in the Metacade presale here.