Solana’s price prediction bearish while Metacade’s a bull | Invezz
Investing in crypto is an incredible opportunity to get in on the ground floor of a huge technological innovation that has been predicted to change the face of many different industries across the world.
While cryptocurrency looks set to continue to deliver huge returns versus asset classes like stocks, it is crucial to be able to pick the best investment, which always involves trying to figure out the question — which is the better investment?
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
The Solana price prediction, compared to the forecasts for Metacade, shows that getting in during a presale is likely to be key to generating huge returns on your investment. Read on to understand what investors need to know to select the investment with the brightest future.
Is Metacade the perfect crypto to invest in during the bear market?
Metacade appears to be a perfect example of the high-quality investment opportunities that are available to investors who are able to spot them. The recent release of the project’s whitepaper has attracted a great deal of attention among experienced investors due to the comprehensive and ambitious plans that the team has outlined.
It’s no wonder that the Metacade presale has seen such a flurry of activity, raising $2.7 million at lightning speed in the first few weeks. Since then, investment has flowed in amounting to $5.4m, indicating that the presale is unlikely to stay open for much longer.
What is Solana (SOL)?
Solana is a layer-1 protocol, meaning that it is up against projects like Ethereum (ETH) and Avalanche (AVAX), which also provide public permissionless blockchain networks. Solana uses a unique consensus mechanism known as proof-of-history, which enables it to scale more effectively than Ethereum, the project claims.
Solana has the backing of a number of large venture capital funds and has been able to invest in growing a large community of developers building on top of it. However, while Ethereum has shown incredible uptime throughout its history, Solana has been plagued with outages, reducing faith in the reliability of the platform.
Solana, like many established projects, has experienced a dramatic drop during the bear market from the prices reached in 2021. Part of the challenge facing Solana is the need to regain the momentum that it has lost – a difficult ask as projects with higher potential emerge.
Solana price prediction: Can SOL regain lost ground?
Solana has had to endure not only the drops seen across crypto due to the onset of the bear market but also a result of technical problems and a close relationship with disgraced FTX founder Sam Bankman-Fried.
If the project is able to distance itself from the headlines and instead build some momentum for high-volume use cases, SOL holders might see a 25% increase in the SOL price up to $20, but the previous highs of over $200 are guaranteed to be a thing of the past.
A Solana price prediction for 2025 is similar, perhaps reaching $28, with the project likely to only post modest returns for the foreseeable future.
What is Metacade (MCADE)?
Metacade is shaking up the world of gaming by creating the world’s biggest play-to-earn (P2E) on-chain arcade, making it an amazing option for investors looking for big returns. With Metacade catering to all types of gamers through both casual and competitive play, it looks set to see significant user numbers as the platform begins to launch in 2023.
Metacade is creating a huge community gaming experience, with an extensive rewards system that allows users to earn an income for playing games in a way that suits them, as well as for other community contributions such as writing game reviews, sharing alpha, and other ways of engaging on the platform.
How does MCADE work?
A robust and broad rewards system is powered by the MCADE utility token, with users earning the token for the games they play and activities they undertake on the platform.
By allowing investors to stake their MCADE in exchange for a passive income, the project also incentivizes holding for the long term and even distributes staking rewards in stablecoins so as not to dilute the supply of MCADE.
The community is being given a big role in shaping the future direction of the project, with Metagrants giving the opportunity for MCADE holders to vote on what games they want to see built on the platform and treasury funding being delegated to the most popular projects.
This is likely to drive a high level of user engagement and retention, which are both critical for platform growth.
Metacade price prediction: Can MCADE reach $2?
MCADE could see a rise of 100x from the end of the presale during 2023. The huge potential the project holds, alongside the crucial role of the MCADE token means that the project is looking like a winner for investors.
Over the longer term, we could see MCADE hitting $5 by 2025, given the expected growth of GameFi and Metacade positioning itself right at the center.
Metacade vs. Solana price prediction: Which is the best investment?
Undoubtedly, MCADE appears to be the stronger investment due to both the Solana price prediction looking very poor and the astronomical potential of Metacade.
Whether investors are searching for returns in 2023 or willing to wait a little longer, MCADE is one project that is looking most likely to deliver.
You can participate in the Metacade presale here.