- Metacade price is up 13% on the day and 40% in the past three days, outperforming major cryptocurrencies today.
- The Web3 gaming platform announced founding members' launch ahead of the mainnet next week.
- Metacade launched its MCADE token after a successful presale earlier in the year.
MCADE, the native token of Metacade, is outperforming major cryptocurrencies today.
As of writing, the gaming token is more than 13% up on crypto exchange Bitget on the daily chart as it trades at a five month high of $0.015.
Gains over the past three days stands at nearly 40%, while data shows the price is up 98% over the past week. Why is Metacade price rallying today? The answer lies in what is happening in the Metacade ecosystem.
Metacade hits milestone with “soft” launch
One of the biggest token presales this year was Metacade (MCADE), which saw the team behind the innovative gaming platform raise $16.4 million from early backers. The result is that the project’s mainnet launch became one of the most highly anticipated events in the gaming ecosystem.
According to their whitepaper, Metacade is a play-to-earn (P2E) gaming arcade for all, whose native token MCADE powers player earnings and rewards. Its popularity among gamers and crypto enthusiasts saw its price skyrocket as it made its debut on major crypto exchanges, including Uniswap, MEXC and Bitget.
Today, the team announced that the “exclusive founding member launch” was now live.
According to the Metacade team, the “soft launch” gives a select group of founding members a chance to experience the blockchain network ahead of its public mainnet. That event is just days away, and the community is buzzing with excitement.
Specifically, all eyes will be on Metacade on November 28 and with staking giving MCADE holders an additional incentive, buy pressure is high.
MCADE price outlook ahead of mainnet
Metacade raced to an all-time high above $0.045 on May 3, rallying more than 300% amid greater market demand. The overall retreat in crypto prices in October pushed the token’s value to its all-time low of $0.0046.
But sentiment across the market has improved as a confluence of factors help to build bullish sentiment. MCADE price has rode this to bounce higher, with the latest upside helped by rising interest in Metacade’s gaming platform.
Partnerships with several gaming studios and platforms has increased this outlook, including breakthrough deals with games on Avalanche and Arbitrum. It includes this one that was announced today.
If prices continue to surge, its likely MCADE could break above $0.020. Targeting further gains from here is possible before a likely pullback if profit taking follows the mainnet launch. Otherwise, continuation could see bulls retest the ATH and eye $1 in the bull market.
