Ethereum is well regarded throughout the industry as a cryptocurrency and ultimately remains the leading provider of blockchain network services for Decentralized Apps (DApps), DeFi and GamFi platforms. Ethereum news has been buzzing on the heels of “The Merge” with the platform’s Shanghai update now complete, with analysts pondering what the Shanghai split will do for Ethereum price prediction in 2023.
While Ethereum continues to dominate the news headlines, Metacached’s recent partnership with MetaStudio and successful coin listing on Uniswap has quietly built on the momentum gained during the platform’s incredible pre-sale event. With analysts now waking up to the potential of Metacad, many are asking which is the better investment choice this year, MCade or ETH?
What is Shanghai Split?
Shanghai is an upgrade that successfully activated on Wednesday, April 12, allowing investors who held their ETH holdings on the network to begin withdrawing funds for the first time.
The main feature of Shanghai is to complete Ethereum’s transition from the cumbersome, expensive, and environmentally bad Proof-of-Work (PoW) consensus mechanism to the cheaper, more flexible, and ecologically friendly Proof-of-Stake (PoS) mechanism. Is. Exchange. The switch allows Ethereum to move away from energy-intensive blockchain miners and associated computer hardware, reopening the wider debate surrounding POW crypto’s environmental impact.
Ethereum (ETH) Price Prediction 2023
The impact of the Shanghai split on the price of Ethereum is unknown; However, analysts and investors have expressed concern over the potential implications of the Ethereum news article. Furthermore, many investors are apprehensive that the potential for ETH to retrace could adversely affect price predictions for this year.
Although the current Ethereum price forecast for May remains bullish, (ETH is expected to rise above the $2,500 barrier by the end of the year), the market and investors are still ready for the price forecast to be revised to the downside, as without Staked ETH can be issued on ETH. give and take.
What is metacade?
metacade There’s a new Gamefy platform with lofty ambitions to build the world’s most comprehensive online gaming arcade. Metacode’s primary goal is to provide the widest possible gameplay experience to its community in order to maximize its Total Addressable Market (TAM).
The platform will revolve around a thriving community built by gamers, developers and crypto fans, serving as a hub for like-minded individuals to collaborate and drive Metacad to greater heights and drive innovation in the wider Web3 gaming sector. will help. While gamers can earn an income through the platform’s excellent play-to-earn (P2E) mechanics, it’s just one string of a comprehensive rewards system that goes beyond other Gamefy titles.
For example, users are encouraged to contribute to community building by receiving rewards each time they post social content in the form of contributions to alpha, game reviews, and forums and online chat. Furthermore, Metacad has a token staking scheme where users can earn passive income while investing in the future of the platform.
These features give MetaCade an exceptional level of usability built into MCADe Coin. Simultaneously, the platform’s transition to becoming a fully decentralized autonomous organization (DAO) will build governance into the token.
An essential part of this transfer of power to community members is the pioneering Metagrants scheme, through which developers can apply for crypto grants to support the creation of new games exclusive to Metacode. The right to vote is rewarded to MCADE coin holders, who can vote for their favorite ideas. The most voted concept can receive a grant from the platform’s central fund, thus helping the platform grow.
Metacade (MCADE) Price Prediction 2023
There’s a lot to be excited about when looking at the price predictions for MCADE this year. With a successful listing on Uniswap at $0.022 already under its belt, imminent listings on Bitswap and MEXC in April and early May respectively, look set to boost MCADE.
Furthermore, Metacadé’s commitment to paying rewards in MCADE will help keep the token flowing within its ecosystem, keeping demand high and thus driving the price higher. That, combined with the roll-out of new games and features in the coming weeks and months, could propel MCADE past $0.50 by the end of the year, a price that would deliver more than a 50x return for investors who preordered. Bought at sale launch price. $0.008.
ETH vs MCAD: Which is the better investment this year?
Recent Ethereum news has investors nervous about the value of their holdings. While this has not yet filtered into the Ethereum price forecast for 2023, analysts are likely to revise their Ethereum price predictions to the downside in the coming weeks and months if the Shanghai upgrade and token extraction potential hits ETH’s price. started.
There is no such uncertainty regarding the future of MCADE. Conversely, with imminent listing on more exchanges, the platform will reach a wider audience and increase demand for the token. These new listings, combined with MCADE’s developing utility this year, make it an interesting potential investment option in 2023.
You can find more information, including how to buy MCAD, here. Here,