With all the hype surrounding cryptocurrencies, and their endless volatility – investors are continually looking for the next big project to help support their portfolio. Metacade (MCADE) is a newcomer entering the ring, but it’s already ticking all the right boxes for the future, with its novel entry into the crypto gaming industry.
Compared to other coins out there, ApeCoin being one of them, Metacade seems to be offering solid prospects over a diverse set of use cases. In this article, we explore what sets it apart, and why days could numbered for certain other mainstream tokens.
What is ApeCoin
ApeCoin is a hybrid PoW/PoS cryptocurrency with a decentralized governance system that provides long-term sustainability and stability. Users can stake their coins to earn more or mine them through a process known as staking mining, in which miners are rewarded for securing the network.
In this way, miners use vastly less computing power to validate transactions, which makes it more eco-friendly. The high efficiency of PoS, coupled with its lack of heavy hardware requirements, makes it an attractive alternative to other resource-hungry cryptocurrencies like Bitcoin.
Officially released on March 16, 2022, ApeCoin (a cryptocurrency for entertainment, gaming, and commerce) is the currency for the Bored Ape Yacht Club ecosystem.
Trading under the $APE symbol, Ethereum-native, the ERC-20 ApeCoin has a $4.02 billion market capitalization, according to CoinMarketCap data. And at the time of this writing, About 28% of ApeCoin’s total fixed supply of 1 billion tokens is in circulation.
Why Is ApeCoin Going Down?
ApeCoin has been around since March 29, 2022, when it launched its ICO for the game. The coin was built on Ethereum and had a limited supply of 100 million coins. The issue then, comes down to the age-old killer of crypto projects – utility.
Being based on a meme, certain cryptocurrencies have benefited from a large boost in popularity in the early days of their release. However, hype cannot maintain itself forever – no matter how much hot air goes into a project at the beginning, it eventually cools and sinks back down to the ground. Without utility, there is no engine to push projects forward – which is precisely why Apecoin seems to be suffering in the way that it is now.
In this light, investors are becoming smarter, starting to shift their attention away from fly-by-night cryptos to more sustainable ones with a wide range of utility such as Metacade.
What is Metacade?
Metacade aims to be an innovative Web3 community designed to bring like-minded people together. A virtual arcade where enthusiasts can interact with one another, discover their next favorite metaverse games, and learn how to maximize and benefit from GameFi’s future as we move to the next generation of gaming.
The platform wants to provide an integrated space where gamers can not only play metaverse games, but also join in on their development. It intends for its users to be integral in determining what new aspects should be incorporated into games, instead of focusing on board meeting ideas coming out of venture-capital-backed game studios. It promises to add a new dimension to the gaming industry through tight, community-approved game libraries hosted on the platform.
Why Metacade Drives Investor’s Attention
Investors are becoming increasingly excited about Metacade’s appearance on the scene, due to a number of unique features that help it stand out from competitors.
A Place in the Metaverse to Meet and Reward
Metacade is community-driven, with the vision to create a metaverse for crypto enthusiasts, game developers and entrepreneurs to meet. The main goal of Metacade is to create a fun community that encourages users to interact with each other on a daily basis.
In Metacade, rewards are given in MCADE to any user who participates in actions that increase the future Metacade value, like creating a review or participating in a game test. By ensuring that members are rewarded for participating in any way possible, whether helping another user out or participating in a game test – they help create loyalty in their community.
Careers in the Metaverse
There’s a fundamental problem in the metaverse gaming space right now: no central location where enthusiasts can find career opportunities. Even to find subpar opportunities, they still have to search potentially hundreds of sources across a tiring range of websites.
In also creating itself as a development hub, Metacade intends to offer a place where users will have an opportunity to find jobs in the field of gaming, in testing – but also later even in development. They could go from earning a little extra on the side by playing games, to one day starting a lifetime career in an incredibly exciting field.
Which Is Better? Metacade or ApeCoin
ApeCoin fell by about 34% just earlier this year, and has not really recovered since. The question is of course, what is it that causes downward pressure to occur, and drive the price down? The problem could be more easily defined by ‘hype is as hype does’ – it really doesn’t matter how much attention a crypto project receives at the beginning of its life, if all it ever relies on is attention then its a sure recipe for disaster later.
That’s why searching for projects like Metacade – which have excellent appeal, good promotion, plans for a great community, as well as solid use cases – is an important key to investment success in the crypto sphere. A platform’s success depends on its utility to diversify, and Metacade’s approach to sharing the wealth among its community also suggest strong success for the future – as a loyal fanbase can promote far more effectively than any direct campaign.
We look forward to watching how this loyalty brings back great returns for Metacade.
You can buy ApeCoin at eToro here.
You can participate in the Metacade pre-sale here.
