Dogecoin rose to mainstream success in 2021 amid a frothy crypto market that caused valuations to soar for many digital assets, despite not having a specific use case or unique technology behind it. As 2023 gets underway, many have been downgrading their Dogecoin price predictions as more entrants, such as Metacade, begin to steal the spotlight.
In this article, you’ll find out where analysts place their Dogecoin price predictions for 2023 and why Metacade is already up to $6.2m in its presale.
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Dogecoin (DOGE) is an old dog
Dogecoin is the original meme coin and one of crypto’s oldest projects. Initially launched in 2013 as a joke, DOGE has steadily amassed a legion of die-hard followers. Despite being crypto’s 9th most valuable project with a current market cap of $12 billion (CoinGecko), Dogecoin has received plenty of criticism over the years for its lack of utility.
Solana and Polygon, for example, sit just below the memecoin, yet have made some significant steps forward over the past few years. Dogecoin, meanwhile, is predominantly used for microtransactions and as a speculative investment vehicle.
It lacks smart contract functionality, innovation, or any other unique attributes. Instead, many experts simply see DOGE as a bellwether for greed in the crypto market. Moreover, DOGE has recently been passed over as the crypto Twitter could potentially use for its Coins feature, leaving little for DOGE investors to be excited about this year.
Dogecoin (DOGE) price prediction
While predictions for a bull market in 2023 have been on the rise lately, several analysts see the top meme coin underperforming this year as investors look for projects with real-world use cases. Maximum Dogecoin price predictions lie around $0.25 by the end of 2023, over triple its current price of $0.087. However, the average Dogecoin price prediction puts it at $0.185, which is seriously underwhelming considering the price forecasts for other projects like Metacade.
Metacade (MCADE) could change the game for Play-To-Earn
Metacade, meanwhile, is a rising star that’s been performing exceptionally well in presale thanks to its superb utility. It’s set to be a community hub that’ll become the central point for GameFi in Web3, by giving players all the tools they need to succeed in play-to-earn (P2E). Its MCADE presale has already raised over $6.2m just 11 weeks after launching, increasing its price from $0.008 to $0.014.
Metacade is positioning itself as a one-stop platform featuring a review system, leaderboards, sub-communities for individual games, live chats, and spaces for discovering your edge in P2E. There are also regular tournaments and competitions to keep the community engaged, and even a job board, expected in 2024, that helps players find work in the gaming and Web3 industries.
Where Metacade differentiates itself from other gaming communities is in its use of decentralization and crypto. Users can receive MCADE whenever they contribute reviews, alpha, and other useful content and can even get paid to give feedback on games using Metacade’s native testing environment.
Some of these games will be produced through the novel ‘Metagrants’ scheme, a feature many investors see as one of the biggest catalysts for Metacade’s growth. Metagrants enable users to direct the platform’s resources toward game developers.
These developers just need to enter their ideas into one of the Metagrant competitions that MCADE holders then vote in. The game that receives the most votes wins, and developers are given financing to fulfill their vision. Instead of venture-capital-backed game studios dictating the future of P2E, Metacade is letting the actual players determine the direction of the industry.
Metacade’s final goal is to turn the platform into a decentralized autonomous organization (DAO), setting the standard for gaming communities of the future. The transition will herald a new era for Metacade as a community owned and operated by the players. From this point forward, MCADE holders will be able to propose ideas for others to vote on, with decisions being implemented by elected community members.
Metacade (MCADE) price prediction
It’s easy to see why MCADE’s performance in 2023 is likely to beat any Dogecoin price prediction. MCADE will finish presale at $0.02, and many investors and analysts alike have set their sights on $0.20 by the end of the year. Maximum price targets for MCADE lie around $0.45, which, if Metacade can live up to its vision, could be a realistic expectation. Even for those late to the party, MCADE could return 2,150% if the $0.45 mark is hit.
There’s no disputing that DOGE has had an incredible run in the past. However, investing in meme coins is a dangerous game to play, given their lack of inherent value. The short-term rewards might be lucrative, but unless you like gambling, it’s wiser to stick to tokens with real utility, like MCADE.
Metacade seemingly has everything going for it: a community-centric philosophy, features likely to attract thousands of P2E gamers, and an early spot in the rapidly-expanding GameFi industry – a market expected to take off in 2023. The earliest investors are already up 50%, but there’s still time to profit as the presale gains traction.
That said, be quick if you want to grab tokens at the current price of $0.014 in phase 4 of the presale. Tokens have been selling out at a record pace, and it won’t be long before the next phase gets underway. Forget investing in meme coins – seriously consider investing in Metacade instead.
You can buy Dogecoin (DOGE) at eToro here.
You can participate in the Metacade presale here.