Are you wondering what the future holds for ApeCoin and thinking of investing in alternative metaverse tokens? You’re in the right place. In this article, you’ll discover an expert ApeCoin price analysis and why some APE investors have already put their money into an exciting new metaverse project known as Metacade.
ApeCoin (APE) Leaves Investors in the Dark
ApeCoin is the utility and governance token of the APE ecosystem. It lets holders access exclusive features, like games, events, and merch, and grants them voting rights in the ApeCoin DAO. APE was created by Yuga Labs, the team behind three of the most valuable NFT projects of all time, most notably, Bored Ape Yacht Club (BAYC).
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Another one of these three is Otherdeeds. Otherdeeds are the virtual land of Otherside, Yuga’s most ambitious project yet. Otherside is an interoperable metaverse experience that allows players to turn their NFTs into playable characters and immerse themselves in a faraway land filled with unique aliens known as Koda.
However, a lack of clarity around the project has been deterring APE investors recently. While a demo, “First Trip,” was carried out in 2022, not much is known about what the finished product will actually look like. Given the lack of concrete plans and vague language used by Yuga Labs when describing Otherside, some have even questioned whether the project is just an attempt to profit from the growing metaverse trend.
ApeCoin (APE) Price Analysis
After tumbling over -50% from a high of $5.25 to a low of $2.61 following the FTX collapse, APE has seen a resurgence recently, making a high of $5.10 on January 10th. This will likely be an area of significant resistance, and various ApeCoin price analyses put the next target at $4.25. From there, it’s expected that APE will fall lower, with expert ApeCoin price analysis forecasting that APE could sink as low as $2 or $3.
Metacade (MCADE) Has a Clear Direction
In the meantime, APE investors have been looking for other metaverse-related projects that provide a little more clarity on their future plans. One of these projects is Metacade, a community hub built for all things metaverse and play-to-earn (P2E) gaming. Its native token, MCADE, has attracted millions in investment during its presale, with a decent chunk expected to have come from APE investors.
Metacade has everything you’d expect from a social gaming hub, like forums, chat, reviews, spaces for sharing content, and regular events. But, by using blockchain technology, Metacade is looking to transform the way these community-led platforms are owned and operated.
For example, it offers MCADE rewards to anyone sharing reviews and alpha, meaning that users are incentivized to help each other get ahead. There are also pay-to-play virtual arcade games, only made possible by crypto microtransactions.
Another feature that’s been a hit with APE investors is the Metagrant. Metagrants are a way for MCADE holders to direct funding toward developers building the games they want to play. To win a Metagrant, developers submit their game proposals to a competition and MCADE holders vote for their favorites. The idea that wins the most votes is awarded funding from the treasury, and developers even have the opportunity to test their game using Metacade’s native testing environment. The first Metagrant is expected to be handed out later this year.
Metacade (MCADE) Price Analysis
As mentioned, the MCADE token is still in presale, yet compared to the ApeCoin price analysis, it has performed extremely well over the past few weeks. Right now, MCADE is worth $0.012 in stage 2 of its presale, up 50% from its beta sale price of $0.008. By the time presale finishes, MCADE will be worth $0.02. When MCADE hits the open exchanges, the price is likely to soar!
Metacade (MCADE) Holds More Promise Than ApeCoin (APE)
When it comes to investing in the metaverse and P2E gaming, Metacade is the clear winner here. While ApeCoin benefits from its recognizability and Yuga Labs’ prior success with its NFT projects, its vague plans for Otherside make it a very speculative investment. As seen in the ApeCoin price analysis, the profit potential for APE is limited, at least in the short term.
On the other hand, Metacade has a clear vision of how it wants to move forward, as demonstrated in its whitepaper. From community rewards to the Metagrant, Metacade is offering a truly unique experience that is likely to attract thousands of users.
Whether you’re an APE investor or simply excited about exploring the metaverse and P2E, now is the ideal time to check out Metacade. Over 350 million tokens have been sold already, and this number is expected to climb to 1.4 billion by the end of the presale. By getting in now, you can secure your place before prices accelerate further. Visit Metacade’s presale page as soon as possible to learn more and grab your MCADE tokens before it’s too late!
You can buy ApeCoin(APE) at eToro here.
You can participate in the Metacade presale here.