- Metacade's native token rallied on Monday as the gaming platform announced it had hit 10k MCADE holders
- The gains come ahead of Metacade's mainnet launch on November 28.
- Metacade is looking to be the ultimate crypto gaming platform.
Metacade has continued to grow since its successful $16.4 million presale earlier in the year. Now the gaming platform has hit a new milestone with the number of wallets holding its native token surpassing the 10,000 mark.
After posting stellar performances this past few weeks, is there more to this gaming platform that could make MCADE potential the GameFi token to watch?
10k+ holders and MCADE price is soaring
With the broader play-to-earn (P2E) gaming ecosystem picking new momentum amid a flurry of new projects and game releases, one platform is looking to stand out from the crowd: Metacade (MCADE).
This is a gaming platform designed to be a virtual hangout for gamers, crypto enthusiasts and investors. With numerous partnerships in the mix, including the breakthough collaboration with Polygon, Metacade is now poised to take the next step in its quest to dominate the crypto gaming landscape.
On Tuesday, November 28, Metacade will officially go live for the public. In other words, the gaming platform’s mainnet launch has been confirmed for this date and comes after the team successfully handled a ‘soft launch’ last week.
Ahead of this launch is the news that Metacade has officially crossed 10,000 MCADE holders. MCADE price has inevitably skyrocketed as it has in recent weeks amid market anticipation of its mainnet launch.
MCADE’s value rose 106% in three days last week and is 35% up in the past 24 hours – bringing its price gains over the past two weeks to over 160%. It’s possibe bulls can target year-to-date highs if price consolidates above $0.02 as seen in the chart below.
Is MCADE just getting started?
MCADE price is likely to see some selling pressure as holders take profits ahead of the mainnet. However, its outlook in the short term and long term suggests this could become one of the biggest gaming tokens, with its value helped by a number of positive metrics.
Metacade price chart from TradingView
One of the key drivers will be the huge potential for the Metacade platform in terms of all the games that are looking to launch on the network. Other than that, the platform’s roadmap includes several key developments that could help drive interest in the token.
These include deploying an AI chat bot, enabling subscriptions for B2C and B2B model, a grants program and cross-chain expansion and onboarding of Web2 networks.
Metacade also has its ERC-20 token powering all transactions in the ecosystem, which means MCADE could greatly benefit from the revenue-driven model in place.
Subscriptions, tournaments, partnerships and advertising are revenue streams that are also going to feed into the sustainable utility and scarcity of MCADE. Holders are also incentivized to hodl, earning via staking and contributing to the platform’s growth.
Additionally, MCADE is a deflationary token. What this means is that its circulating supply will gradually reduce as tokens are permanently removed from the market via a buyback and burn mechanism.
