The fall of FTX brought problems for the cryptocurrencies of 2022. Cryptocurrency is a high-risk, high-reward asset class, and the FTX fiasco exposed weaknesses that the industry can learn from. lessons.
Despite the collapse of FTX, Web3 continues to grow. Brand new projects such as Metacade (MCADE) reflect the level of innovation that can be found in this space. Read on to find out why MCADE could be the best investment of the year.
The great cryptocurrency crash: 2022 is a year to forget
After a major cryptocurrency crash in 2022, investors are starting 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 reduction since forming their all-time high in 2021.
The cryptocurrency crash has had adverse effects on some major market players. Thus, FTX, the second largest centralized exchange (CEX) at the time announced its bankruptcy in the context of falling prices and caused the entire market to fall even further after going bankrupt in November 2022.
FTX’s downfall was largely caused by poor cash management by Sam Bankman-Fried (SBF) and embezzlement of user funds by Alameda Research, which was a hedge fund under SBF’s control.
After the discovery of the bankruptcy of FTX and Alameda at the beginning of November, FTX halted withdrawals from its customers. As a result, all cryptocurrencies held on the platform have been lost, and it is currently unknown if users will ever see their digital assets again. This is a stark reminder of the risks of centralization, especially in an industry where regulatory guidelines are unclear.
The cryptocurrency crash has claimed several major casualties, the majority being centrally managed custody platforms. FTX, Celsius NetworkThree Arrows Capital, Voyager, and even the Terra ecosystem to some extent are all reminders that self-custody is, by far, the safest way for investors to hold digital assets during a crypto crash. -currencies.
Bear markets don’t last forever, and Metacade might be the best deal around.
Despite the cryptocurrency crash and ongoing bear market, there are still many millions of investors around the world looking to buy while prices are low. One of the best buys right now is Metacadeit is a brand new project with growing hype, and it can entirely avoid the crash of the cryptocurrency market.
Metacade recently announced the start of its token presale, with 140,000,000 MCADE sold in the first few weeks. Investors have invested over $1.7 million in the beta phase, and significant returns are expected for this new GameFi platform.
What is Metacade?
Metacade is the first community-run arcade and the largest blockchain project of its kind. The platform will offer many Play2Earn arcade games (P2E) different, ranging from classic titles to new games developed specifically for the arcade metaverse.
Aiming to become a social hub for Web3 users, Metacade is already attracting a large following. Users can discover the latest trends, learn tips and tricks for a variety of blockchain games, and get plenty of earning opportunities right on the platform.
How does MCADE work?
The MCADE token will allow entry into the arcade, where players can progress through infinite levels in a range of P2E games. Metacade will also organize tournaments, where players can compete to win major prizes paid in MCADE tokens.
Metacade also introduces a Create2Earn mechanism, which rewards its community for sharing information and creating content on the platform. These can be alpha, game reviews, ideas, and interactions with other users, all of which generate token rewards for the content creator.
The Work2Earn feature is another method of earning cryptocurrency income on Metacade. Users can access paid job postings, ranging from short-term work to full-time positions at Web3 companies. Metacade aims to support users who want to start a career in blockchain.
Metacade (literally) changes the game
Metacade is a company created by gamers, for gamers. One of the team’s goals is to support the future of blockchain gaming, with the Metagrants program being a way to encourage developers to innovate in this area.
The community will vote to decide which new games they would most like to play. Winning games will receive seed funding through Metagrants and be launched in the Metacade, bringing new games to the world of Web3 and moving the gaming industry towards decentralization.
Could MCADE be worth $5 in 2023?
Metacade begins to grow, despite the capitulation of FTX and the cryptocurrency crash of 2022. The project is rapidly emerging from its beta phase and the MCADE token will soon be introduced on decentralized exchanges (DEX), which could further increase its reach.
Experts predict explosive price action after the market recovers from the cryptocurrency crash. By 2025, the value of MCADE could reach $5, a 250x gain from the end of the presale.
Is MCADE worth buying?
The presale of MCADE is an excellent investment opportunity. The token was launched at just $0.008, and the price gradually increases to $0.02 during the presale. The FTX crisis had no effect on demand for MCADE during the beta phase, and the token is expected to be sold in each upcoming funding round.
To get the best possible price for MCADE, investors need to be quick. The presale is on a first-come, first-served basis, and the price will increase as each phase sells out. Metacade appears to be one of the few projects capable of avoiding the bear market, making it a valuable investment for any portfolio.
You can participate in the presale MCADE ici.
