Is ApeCoin’s Price Prediction Flat For 2023? Could Metacade’s MCADE Tokens Be a Better Investment When It Debuts on Exchanges in April?

While ApeCoin may be best recognized for its association with some of the world’s most valuable NFTs, the APE token’s price has been unimpressive over the past few weeks. In contrast, Metacade has gone from strength to strength, selling out its presale and creating an unbelievable buzz from its community of investors. In this article, you’ll see an expert ApeCoin price prediction and discover why Metacade might be the better investment.

During the first week of April, Metacade released its MCADE token on Uniswap. Not only did the price of MCADE hold up exceptionally well after its debut on the exchange, but it has also continued to gain momentum. Investors lucky enough to purchase their tokens early in Metacade’s presale for $0.008 per token have seen 137% returns.

Additionally, CoinMarketCap listed Metacade on its site within hours of the presale period ending, underscoring its potential to become one of the best cryptos to invest in during 2023. The average price per token during Metacade’s presale was $0.0142, so the average return for Metacade investors is currently a very respectable 40%.

ApeCoin (APE) Falls Flat Amid Setbacks

ApeCoin, the native utility token of the Ape ecosystem, has recently suffered a setback after APE holders voted against two new collections of NFTs. Following the smash-hit success of its Bored Ape Yacht Club (BAYC) series and related NFTs, it was likely a surprise for Yuga Labs that the ApeCoin Armory Club and ApeCoin Pet Club collections were voted down, with almost 84% voting against them.

While this could put some downward pressure on APE’s price, many have pointed to an upcoming token unlock on April 17th as a solid bearish catalyst. In February, 7.3 million APE tokens were unlocked, causing APE to drop 10%. This upcoming unlock will boost the circulating supply even more, releasing 15.6 million (around $67 million today) APE tokens onto the market.

Consequently, ApeCoin price predictions have suffered in recent days and weeks. Many analysts have begun to downgrade their ApeCoin price predictions, given the weakening fundamentals of the project.

ApeCoin (APE) Price Prediction

Currently, APE is worth around $4.20 and has been stuck in a range since mid-March. Market experts expected APE to retest the $12-13 area this year, but most ApeCoin price predictions for 2023 now lie around $8-9.

Meanwhile, some of the most pessimistic ApeCoin price predictions see the token topping out at $7 this year. As a result, there have been murmurs of APE investors dumping their bags in favor of more promising projects. One of the rising stars is Metacade.

Metacade is a pioneering play-to-earn (P2E) platform currently being developed that aims to create an all-in-one community hub for gamers, developers, and crypto enthusiasts. Through its implementation of blockchain technology, Metacade is setting the standard for future community spaces, creating a self-sustaining ecosystem where users are invited to explore, engage, and contribute to the platform while earning MCADE for their efforts.

Metacade is designed to give gamers all the tools they need to get ahead in the P2E landscape. It features sub-forums for game discussions, a review system to identify top games, and the hottest GameFi alpha shared by industry veterans. The platform is also directly supporting the growth of the GameFi space with the introduction of Metagrants, a decentralized funding scheme that allows MCADE holders to vote on and direct funding to the latest P2E projects.

As the platform continues to develop, new features like a jobs board and a decentralized DAO is expected to launch in 2024, further boosting the platform’s appeal. The jobs board will connect users with gaming and Web3 companies, offering casual and full-time job opportunities. The DAO will empower users to have a direct say in the platform’s governance and future direction.

After successfully raising over $16.35M in its presale, Metacade is preparing for listings on major crypto exchanges like Bitmart and MEXC in April and May, respectively. Also, Uniswap currently lists MCADE. The excitement surrounding the platform’s potential is palpable, and many investors believe Metacade is poised to become a leader in the GameFi space by the end of 2023.

Metacade’s token MCADE has launched on Uniswap at $0.022, many MCADE price predictions see it appreciating considerably by the end of 2023. Several experts see a possibility of MCADE soaring as high as $0.50 by the end of 2023, even as high as $0.75. In either scenario, investors who missed out on the presale could see gains of x22!

Overall, it seems Metacade’s MCADE is an excellent investment opportunity compared to APE. While ApeCoin has its merits, like the upcoming metaverse project Otherside, it’s a risky play. Meanwhile, Metacade still has plenty of room to grow with its attractive offering and potential to dominate the P2E industry.

MCADE tokens are already listed on Uniswap, while Bitmart and MEXC listings are expected from mid-April to early May, respectively. Don’t miss out – tokens will likely see substantial demand upon CEX listings!

You can buy Metacade here.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.