While the next bull market may be some time away, there are still major investment opportunities to explore. Metacade and Polkadot price predictions are both looking good and with prices so low right now, attentive crypto investors have a chance to stack their bags.
Polkadot and Metacade are two very different projects. Polkadot provides the basic framework support for the future Web3 through the use of multichains and parachains while Metacade is a dApp arcade built on Ethereum. dApps, like Metacade, can be built with the multichains and parachains Polkadot provides.
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The MCADE presale has only just begun and, alongside Polkadot, it could be the project that takes the crypto world to new highs over the coming years. This article explains the basics about how each project works and compares the value of the two projects so you know where you might want to put your money.
What is a Multichain?
To understand how Polkadot works, it’s important to understand what a multichain is.
A multichain is a type of blockchain that supports multiple chains. So unlike a traditional blockchain, which has a single chain, a multichain system enables several chains to run in parallel with each other (parachains), with each one handling its own transactions. This allows for more flexibility and scalability than a single-chain system.
Decentralised applications (dApps) can be built on multichain systems. This increases the total number of people that can take advantage of a given digital service. Over time, many expect most blockchain networks to become completely interconnected. One project that looks destined to play a big part in connecting multichains is Polkadot.
What are dApps?
Decentralized apps, also known as dApps, are applications that run on an open source – like a blockchain – and aren’t controlled by one individual person or company. They use smart contracts and feature open data sources and all of the associated records are public. dApps are built on top of the blockchain and typically use unique protocols to function. Some prominent use cases involve decentralised finance (DeFi) and game finance (GameFi).
The main features of dApps, including their transparency and decentralization, allow for community involvement in their development and governance. A key function of Polkadot is that it can connect dApps and users across different blockchains. Another example of a dApp that will play a major role in the GameFi sector over the coming years is Metacade.
What is Polkadot (DOT)?
Polkadot is a blockchain protocol that aims to support the future of the decentralised intranet. Polkadot is a multichain network that enables interoperability between different blockchains, connecting users across multiple ecosystems. This opens up a new future for blockchain technology where users of independent chains can easily bridge assets and enjoy decentralised applications regardless of the underlying network on which they’re built.
Polkadot was created by Web3 Foundation, a Switzerland-based non-profit organisation that promotes decentralised technologies. The project was initially envisioned by Gavin Wood, one of the co-founders of Ethereum and the chief technology officer (CTO) of Web3 Foundation. Wood also created the Solidity programming language, which is used for developing smart contracts on Ethereum’s network.
The Web3 Foundation created Polkadot as a means to connect multiple parachains together. These parachains support a level of interconnectedness not available before and can help usher in a new era of the internet – a true Web3. This future Web3 requires disparate networks to be interconnected so that they can communicate with each other in order to form a single, comprehensive ecosystem.
The project’s token, DOT, has several key features that make it unique among cryptocurrencies. Firstly, DOT holders can play an active role in Polkadot’s governance by participating in on-chain referendums and voting for validators. DOT can also be used to purchase parachains as they become available via auction. The DOT token can also be staked by validators to verify transactions and earn rewards.
Overall, DOT is a unique cryptocurrency with several benefits that make it attractive for both investors and developers alike. Its ability to be used for governance purposes gives holders a direct say in how Polkadot develops, while its utility for purchasing parachains ensures that holders can play an active role in shaping its ecosystem from the ground up.
In total, there are 1,250,942,599 DOT in the Polkadot ecosystem. There is approximately 91% of this supply currently in circulation. The blockchain has a linear release schedule, meaning a constant number of tokens are released as each block is mined.
Why buy DOT?
With a variety of use cases for the DOT token, an important value proposition, and a token supply that is nearly fully diluted, Polkadot looks set to increase in value over the coming years.
The number of dApps on the blockchain continues to grow month-on-month. As these services attract more users over time, blockchains will likely become completely interconnected to enable a simple and secure bridging process for Web3 users.
Polkadot is integral to making this happen, as its innovative Layer 0 solution can connect independent Layer 1 networks and all the users that they support as a result. Parachains allow developers to build dApps specifically for their needs without having to worry about compatibility issues.
The Polkadot value proposition is far-reaching and can ultimately serve the entirety of the crypto world. Any blockchain that can support smart contracts can benefit from the service being provided by the Polkadot project, which is a key reason why the DOT token represents a strong investment for the future of the space, as it will grow increasingly more valuable the more the blockchain is used.
What is Metacade (MCADE)?
Metacade is building the biggest on-chain arcade. The platform will serve users from across Web3 and GameFi, as it aims to provide a comprehensive experience that is fully focused on delivering a top-class user experience to its community of gamers.
Through offering a range of play-to-earn games and connecting players across the wider crypto ecosystem, Metacade has huge potential. It could become a major name in the world of cryptocurrency and rival some of the biggest GameFi platforms that currently exist in the space.
An arcade with earning potential
Players can jump into Metacade and find brand-new Play-to-Earn games. The platform will be home to a vast number of different arcade-style games that offer token rewards according to your performance. These come in the form of Metacade native token, MCADE.
Cryptocurrency rewards are only made possible by an advanced blockchain integration. Gamers from all over the world can now earn while playing their favourite games and can withdraw these rewards at any point. In this sense, gamers are given an immense level of control over their own playing experience.
A great feature of the Metacade ecosystem is that the project will provide MCADE token rewards to the community for sharing insights, which could have some major long-term effects in GameFi.
Community at the core
In Metacade, the community comes first. The platform will provide a central location to congregate with other gamers and will display some of the hottest Play-to-Earn titles to keep the community informed about all the latest developments.
As the community will be made up of a group of dedicated gamers, this incentive structure is sure to attract a large following. Players can access all the latest tips and tricks and fully expand their arsenal of blockchain-based games with the aim of earning as many crypto tokens as possible. This level of value can be found in the Metacade ecosystem, as the project will become a hub for all things GameFi.
Plans for decentralized governance
The Metacade project will also keep expanding over time and the community will play a major role in this development. When the Metacade project has fully developed its major features, the keys will be handed over to its players and it will become a decentralised autonomous organisation (DAO). At this point, players can vote on governance proposals and decide the future of the platform itself.
Up-and-Coming GameFi Projects
Metacade will connect its community to some of the hottest titles in the blockchain ecosystem. The Metacade community can provide feedback to the development team and watch as their suggestions are implemented before the game officially goes live.
In 2024, Metacade will place a crypto jobs board on the platform that will allow some of the best new GameFi titles to advertise special game testing roles to a community of dedicated blockchain gamers. Metacade’s job board will also list jobs in gaming and in the wider Web3 market.
The Metagrants program will give the community an opportunity to hand-pick the best new GameFi projects in the space and provide funding for the titles that they would most like to play upon release. For developers, building in Web3 can be expensive, especially in blockchain where platform security is integral. Metacade players can play a crucial role in the development process by funding their gaming projects.
Two Insanely Promising Crypto Projects
Both Polkadot and Metacade have big futures ahead. Each project can play a crucial role in the future of the blockchain industry itself, with one being focused on delivering an advanced multichain system and the other providing a wide range of services that can help build the future of Play-to-Earn gaming.
Polkadot looks set to make some major gains over the next few years. As blockchain ecosystems become more technologically advanced, the decentralised applications built on top of them will become increasingly in demand. DOT plays an important role in connecting the crypto ecosystem, but for now, the coin is priced at $5.81 per token and the Polkadot price prediction looks good. It is widely expected that DOT can rise over 10x from its current position, with the next crypto bull market anticipated to take place in 2025.
Metacade looks set to be a major player in the world of Play-to-Earn gaming. The MCADE token has only just started its presale, which gives early backers a rare opportunity to make some bear market gains. Since the price was initially set to $0.008 per MCADE token, investors could originally get 125 MCADE per $1 invested. Now, the price has increased, and it looks as though it could skyrocket before it gets released to the general public.
Crypto investors have not lost faith in the future of the industry. There are some amazing technological advancements taking place and opportunities such as the MCADE presale represent lucrative investments even in these poor market conditions.
You can participate in the MCADE presale here.