The Sandbox is an early crypto metaverse, but its steep decline during the 2022 bear market left some investors disappointed. Wondering what awaits this leader token of the metaverse? Below is a Sandbox price prediction for 2023 and more about Metacade, a project that many believe could significantly outperform SAND this year.
Sandbox (SAND) failed to attract players
The Sandbox is a virtual world powered by Ethereum where users can truly own and monetize their creations. Located in an open “sandbox”, the platform allows players to explore their creativity and use tools to generate immersive experiences that others can play.
The Sandbox uses NFTs to replicate in-game assets like LANDS and ASSETS, allowing them to be bought and sold on the open market. It is one of the main crypto metaverse projects, along with Decentraland, which saw its SAND token explode after Facebook, now Meta, announced its entry into the metaverse.
However, the media hype waned during the 2022 bear market, causing the price of SAND to plummet. After hitting a high of $8.48 in November 2021, SAND recently hit a level of $0.37, a decline of around 95.6%.
This is partly due to a lack of enthusiasm by regular players. Since the beginning of 2021, The Sandbox has struggled to attract more than 1,000 users per day for an extended period, often with only a few hundred users (DappRadar). Comparing that number to traditional metaverse games like Roblox and Fortnite, which have millions of daily active users, The Sandbox seems a bit overstated.
The Sandbox (SAND) Price Predictions
SAND saw some recovery in January. After hitting its low of $0.37, SAND rallied to hit a high of $0.71 in about two weeks. However, this area should provide significant resistance, according to The Sandbox price prediction. In the short term, many price prediction experts at The Sandbox have set targets as low as $0.54. In the longer term, some analysts predict that SAND could crash to $0.24 if the number of users does not recover quickly.
Metacade (MCADE) sets a benchmark for gaming communities
Metacade is a play-to-earn (P2E) community hub that, like The Sandbox, aims to revolutionize the concept of properties in gaming. However, instead of giving players ownership of their in-game assets, Metacade allows them to truly own the community in which they live.
Basically, Metacade has everything you would expect from a community gaming platform, like forums, reviews, game leaderboards, and tournaments. But, by harnessing the benefits of crypto and decentralization, Metacade should be the precursor to a new model in how community platforms operate.
For example, the Metagrant system will be launched at the end of this year. Metagrants give MCADE holders the right to vote in determining which game developers should receive funding from Metacade’s treasury. Dozens of developers will compete for the most votes in each Metagrant competition, and the winner will receive funding to complete their project. They will even be able to use Metacade’s native test environment to receive feedback on their games from its biggest fans.
These community-supported titles are then added to Metacade’s virtual gaming arcade for everyone to play. With the potential to create some of the best P2E games the world has ever seen, Metacade could soon take center stage if just one game explodes.
In 2024, Metacade will become a decentralized autonomous organization (DAO) and will reach the final stage to become the first player-owned virtual gaming aracde platform. At that time, the direction of the project will be determined by the community, with members of the collective taking on leadership roles. They will be able to decide what upgrades to add, whether to accept new partnerships, and even token stock, which could cause the price of MCADE to steadily increase over time.
Metacade (MCADE) Price Predictions
Compared to The Sandbox price predictions, Metacade is expected to outperform SAND this year. The presale of its MCADE token was a great success, with over $1.12 million sold during the beta sale. Currently, in phase 2 of its presale, Metacade has raised over $3.2 million, while the MCADE token has grown by 50%, as expected, from its initial price of $0.008 to $0.012. By the end of the presale, the price is expected to reach $0.02, which means early investors could earn 150%!
With the GameFi industry likely to progress significantly in 2023, Metacade could be the most promising P2E token around. Experts have started predicting prices of $0.20 by the end of the year, with some even predicting that it could reach $0.50 – a 2,400% upside from its final price of planned presale.
Metacade (MCADE) seems certain to outperform The Sandbox
It is now clear that MCADE is a better investment choice than SAND. While The Sandbox has certainly been the leader in metaverse cryptos, its lack of adoption is unlikely to change soon. This is why so many price predictions from The Sandbox predict that the $8 zone is an almost impossible target over the next few years, there simply isn’t enough demand.
Meanwhile, Metacade has everything to gain and virtually nothing to lose. Its presale of MCADE tokens has already attracted thousands of investors and a lot of media attention, and it seems that the $3.2 million currently raised is just the beginning. If you’re considering investing in SAND, wait. Take the time to watch the whitepaper de Metacade and find out why some consider it the best P2E token of 2023.
You can buy The Sandbox (SAND) on eToro ici.
You can participate in the Metacade presale ici.
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