With the market reaching a bottom, now is the perfect time to start picking up tokens at a discount. But what are the best cryptos to invest in? With many viable projects on the market, here are two contendersy: Solana (SOL) and Metacade (MCADE).
This article will discuss why you might want to consider investing in Solana and Metacade and which one is the best crypto to invest in.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
Should You Invest in Solana (SOL)?
Solana is a third-generation smart contract platform built to solve the low speeds and high transaction costs found on the Ethereum network. It’s often regarded as one of the best cryptos to invest in. Like Ethereum, you’ll find dApps, DeFi protocols, and NFT projects built on the Solana chain.
Solana has a vital advantage over Ethereum. Instead of taking a few minutes to transact at the cost of a couple of dollars, transactions occur within seconds while costing about $0.00025. These speeds propelled Solana into the top ten crypto projects by market cap in 2021 after high congestion clogged the Ethereum network, where it has remained ever since. Despite the Ethereum merge and other copycat entrants, Solana is still the fastest blockchain on the market today.
One of the biggest reasons to be bullish on Solana is the launch of its Saga phone by Solana Mobile in 2023. This smartphone will become one of the first Web3-ready devices and comes equipped with developer kits to make building Solana-based apps and features a breeze. If the Saga is successful, it could kickstart a wave of smartphones designed with blockchain technology and crypto in mind.
What is Metacade (MCADE)?
Metacade is a community hub positioning itself as a leader of Web3 and Play2Earn gaming. It’s an arcade-style metaverse platform for new and advanced players can enjoy retro arcade gaming, participate in exclusive play-to-earn games and help to shape the future of GameFi in a vibrant community setting.
Metacade’s vision is to build the ultimate destination for metaverse gaming. Beyond the gaming experience, you’ll find plenty of opportunities to connect with like-minded gamers through tournaments, reviews, guides, and real-time chat where you can find the latest GameFi alpha. Member contributions to the community will be rewarded with MCADE tokens.
At its core, Metacade aims to be a disruptor like Solana. But instead of going up against Ethereum, Metacade is going up against the gaming industry. The future of gaming is increasingly being dictated by billion-dollar game studios that seem intent on squeezing as much profit as possible out of their players at the cost of player experience. In contrast, Metacade is planning to let players directly influence the future of Play2Earn through a funding tool called Metagrants, which provides game developers the funds to create games that the Metacade community has voted upon.
Why Should You Invest in Metacade (MCADE)?
To understand why Metacade’s vision is so important, it’s worth considering the GameFi industry as a whole. Crypto.com expects GameFi to grow at 10x the rate of traditional gaming by 2025, going from a $1.5 billion industry to a $50 billion industry in the process. As the traditional gaming industry undergoes this huge transition, Metacade is aiming to be the platform that makes it all possible.
Metacade’s ambition isn’t just to host Play2Earn games. It’s to help people earn more money from them too. On the platform, you’ll find the best alpha shared by industry experts that can help you get a leg up in Play2Earn. Reviews and game leaderboards help you find the games worth playing, and once you gain experience, you can even enter tournaments to win big prizes in the form of MCADE tokens.
One of the main reasons Metacade (MCADE) could be the best crypto to invest in is the Metagrants funding scheme. Metagrants offer life-changing financing to the developers creating the games the community actually wants to play. Projects are added to a pool of dozens of ideas, and the winner, voted for by the community, receives an allocation from the Metacade treasury to build their game alongside their most loyal fans. Metacade plans to have its virtual arcade filled with only the best Play2Earn titles, as endorsed by the community.
There are also rewards for Metacade community members who share reviews, tips, and other long-form content, meaning you can earn by simply helping out others. Another great feature with earning potential will be the Metacade job board, launching in 2024. Here, you’ll find casual testing gigs that make use of Metacade’s native testing environment, internships, and all manner of positions working with companies at the forefront of Web3 development.
Once Metacade’s vision is fulfilled, it’s time for the final step: turning the platform into a decentralised autonomous organisation (DAO). This will see the core team stepping back and allowing community members to take leadership roles. From here, MCADE holders will be able to vote on every key decision, like new features, partnerships, token supply restrictions, and more, creating the world’s first truly democratic virtual arcade.
Is Solana (SOL) or Metacade (MCADE) the Best Crypto to Invest In?
As you can see, both Solana and Metacade are planning to do incredible things in their respective fields. With the release of the Saga phone, Solana could herald a new era of devices built for the blockchain age. In terms of the best crypto to invest in, however, a clear winner is emerging.
A crypto investment in Solana right now could still generate massive gains in a bull market. But considering that it has stiff competition from multiple third-generation smart contract platforms, and now Ethereum since the merge, Solana’s future relies on its ability to stay ahead of the rest of the market.
Compare that to Metacade, a new project that’s entering a rapidly-growing market with little competition in its way. As the Metacade roadmap becomes a reality, this metaverse gaming platform could quickly become a leader of the GameFi market, amassing a large portion of market share and a loyal community along the way. This would make MCADE a great commodity indeed.
Combined with the fact that the token is still in presale, Metacade is definitely the best crypto to invest in out of the two, given its potential for a massive run from here. Right now, presale is still in phase 1, which means you can get 125 MCADE tokens for just $1. In phase 8, you’ll get just 50 MCADE tokens for $1. If you want to maximise your gains on one of the best cryptos to invest in right now, then you’d better start thinking about getting in sooner rather than later!
You can participate in the Metacade pre-sale here.