Crypto Market Outlook 2023 – Why Metacade Is the Best Choice

History will show 2022 as one of the most challenging years endured by crypto markets. The collapse of big-name crypto players, including Luna and FTX, combined with worsening global economic conditions, led to a long-term bear market. Indeed, some analysts have described 2022 as a crypto winter.

Many predict that tough conditions will endure into 2023, so with a difficult crypto market outlook for the next few months, investors are hunting hard in search of good value. One coin showing plenty of promise is MCADE, the native token of the new metaverse gaming platform Metacade.

This guide looks at the crypto outlook for 2023 and why Metacade is the best investment choice.

How to invest wisely in 2023

Good value is notoriously difficult to find during bear market conditions, even though established coins are trading at meager prices. While this is okay for the trader willing to play the waiting game until market conditions improve, those looking for quick returns are frustrated at the lack of noticeable fast gains.

One strategy proven to work is to seek out new exciting projects that have generated momentum during their presale and are likely to surge once they hit decentralized exchanges (DEX). Although few and far between, these projects are often undervalued during the presale stage and undergo a price correction once they list on DEXs.

Metacade is one of these exciting new projects, with thousands of investors flocking to it during its presale event. The beta phase sold out in three weeks, raising more than $1.3 million. This high-potential project is predicted to surge in price after the presale offering early investors the chance to see the value of their holdings skyrocket even with the current murky crypto market outlook.

How high could MCADE reach?

MCADE's presale began at the height of the current bear market with a beta phase token value of $0.008. Metacade will undergo nine presale stages, with the price increasing with each step to a value of $0.02 by its conclusion. Once Metacade opens its virtual doors to host the most comprehensive array of play-to-earn (P2E) titles in the metaverse, and MCADE hits DEXs, analysts predict a flurry of demand for the remainder of the two billion-strong token supply.

The Metacade presale has already generated enormous momentum and height. The platform's exciting roadmap looks set to place Metacade at the center of the GameFi industry, leading in gameplay experience and innovation. With history showing other GameFi titles, such as Decentraland and Axie Infinity, enjoying massive surges in price during the 2021 bull market, expectations are that Metacade will perform similarly during the next bull market, expected by 2025.

By that time, Metacade's transition to a fully community-led decentralized autonomous organization (DAO) will be complete. When gamers end up taking over the gaming community, they are likely to expand the scope of the roadmap in new and exciting ways. Considering the potential of this unique project, experts are already predicting that MCADE could break the $1 barrier in 2023, with prices of at least $5 possible during the next bull market.

What is Metacade?

Metacade is a virtual blockchain-hosted gaming arcade that plans to offer the broadest choice of P2E games in the metaverse. Using Ethereum's blockchain and the best in GameFi design, Metacade will be a one-stop shop for gaming for Web3 game fans to hang out and build a community.

While the platform's star attraction is the P2E element, users have several other opportunities to earn rewards and passive income. They can stake their crypto tokens to enter regular tournaments, and prize draws, with lucrative bonuses on offer, and also gain rewards for interacting socially with the community. Sharing game reviews, alpha, and gaming tips will see rewards flow into their wallets.

Metacade's goal is to transition to a fully-fledged DAO by Q4 of 2024. This process will begin in Q2 of 2023 and oversee the release of several new features before handing complete control of the platform over to community members. Once this transition is complete, MCADE token holders will have full voting rights to determine Metacade's governance and future direction. This focus on giving the community what they want will keep Metacade at the head of the growing GameFi market.

How does it work?

Metacade is driven by a self-sufficient ecosystem whereby revenue flows seamlessly from one of the several established revenue streams to be reinvested in the platform or into players' wallets as rewards. Gamers can contribute to the revenue streams, as mentioned above, by staking MCADE tokens to enter the P2E tournaments and prize draws, and then earn money playing against fellow gamers in potentially lucrative P2E tournaments. 

Additional funding will come primarily from external sources. Metacade will sell advertising space on the platform and charge external gaming companies to release games for the community to play. From Q1 2024, Metacade will begin to charge Web3 companies to post job vacancies on their career boards as part of their Work2Earn scheme. 

Metacade could lead GameFi innovation

New technologies are helping the GameFi market progress and grow rapidly, even though the crypto outlook in the short term is challenging. Metacade plans to support this growth and innovation through its ground-breaking Metagrants scheme, which is due to go live in Q3 of 2023.

Game developers apply for funding to support the development of new projects. These submissions are presented to the Metacade community, who vote for their favorite. The project that receives the most backing gains crypto funding for production. This ensures that gamers get the titles they want to play while innovative developers are rewarded for driving the GameFi revolution.

Is MCADE worth buying during the bear market?

The crypto market outlook for 2023 remains challenging. However, analysts predict the crypto outlook will improve in the longer term. This marks Metacade as a superb investment opportunity during its presale, particularly during the current bear market.

With investors already jumping aboard the MCADE bandwagon and a profound project roadmap offering investors long-term assurance, the current MCADE presale price of $0.012 looks undervalued. The presale is forecasted to sell out every round and represents excellent value for long-term investors to enjoy returns as the crypto market outlook improves.

You can participate in the MCADE presale here.