• Metacade price has pulled back slightly in the past few days.

• The token has numerous catalysts in the coming days.

• A break and retest pattern could see it rise to the key point at $0.30.

Metacade price has started to turn around the corner after pulling back to $0.01592 in June this year. MCADE rose to a high of $0.028 on Thursday, the highest level since May 10. This price was about 65% above the lowest level this year.

Bullish catalysts for MCADE

Metacade, a new and rapidly-growing cryptocurrency, continued rising as buyers focused on internal and macro catalysts. Broadly, the biggest catalyst for the token is the decision by the House of Representatives to pass a bill to expand the debt ceiling. The bill will see the US cap spending and implement some fiscal measures to reduce the deficit.

Economists believe that the US would have defaulted if it did not pass the deal by June 5. That would have been an unprecedented move that would push most assets, including cryptocurrencies like Metacade and Bitcoin prices much lower.

Internally, Metacade price has jumped because of several important catalysts in the network. First, the developers are planning to launch the lite version of the game soon. This launch will see people get their first look of what the company is working on. In most periods, cryptocurrencies rally ahead of a major product launch.

Second, Metacade will launch Metaseries on Thursday. This will be a video series where the developers talk about the product and what they are working on. Such a video series is important because it provides more people with information about the product. 

1⃣ DAY UNTIL THE METACADE METASERIES

Only 1 more day until Metacade CEO, @learncrypt0 will be presenting episode 1 of our new Metaseries

BE READY HERE: https://t.co/xC1Kdgxmse pic.twitter.com/XQPGnJx86X

— METACADE (@Metacade_) May 31, 2023

Meanwhile, the developers presented the fifth award of their $125k competition. Joaquin Solari was the fifth winner of $12.5k in a competition that is ongoing. Such competitions help to provide more traction to a crypto project.

Is MCADE a good investment?

Metacade has made a lot of progress in the past few months. As a result, Etherscan data shows that the number of holders has jumped to over 9,250, signaling that it will hit 10k soon. This is a remakable experience because Metacade is a relatively new project. 

Metacade developers are seeking to change the blockchain industry by developing a game that people will want to play. The play-to-earn game is being developed in collaboration with Metastudio, one of the leading developers out there.

According to Metacade creators, they are using the lessons learnt from first-generation gaming projects like Axie Infinity and Decentraland to build their ecosystem. 

I believe that Metacade is a good investment but this will depend on the quality of the game that the developers launch. If it will be a good game as predicted, there is a likelihood that token will continue surging.

Metacade price prediction

The chart above shows that the MCADE price has been in a strong bullish trend in the past few days. It has managed to move above the key resistance point at $0.024, the highest point on May 17th. The token is being supported by the 50-period moving average.

Therefore, I suspect that it will soon form a break and retest pattern, by dropping to a low of $0.024. In price action analysis, this break and retest is usually a bullish sign. Therefore, I believe that the token will bounce back to $0.030 in the coming days.

• Metacade CEO upholds ambitious goal ahead of the main platform launch

• Metacade has enjoyed a stellar rise since it started to list on exchanges

• The token is attractive as Metacade embarks on roadmap

You might be scared – is it the right time to invest in cryptocurrencies during this prolonged bear market? It is reasonable to have this fear, but Metacade (MCADE) CEO Russell Bennett intentionally launched the ambitious Web 3.0 gaming platform in a bear market. Why? Bennett wanted MCADE to soar once the market turns bullish. Shortly after launching the presale, MCADE quickly sold out as investors saw a robust gaming ecosystem unrivaled by peers. Analysts have lauded the token as a 10x investment. There are potential reasons for it.

Metacade’s ambition in Web 3.0 gaming

If you are a gaming enthusiast, perhaps you have been looking for a platform with great earning opportunities and where your voice counts. There are hardly any you can find around. This is why Metacade was initiated.

Metacade aspires to become the biggest community-led Web 3.0 gaming arcade. As a result, it has outlined an ambitious roadmap that it seeks to fulfill. The early goals have already been hit, including the successful presale and listings on exchanges. MCADE can be bought on Uniswap, BitMart, and MEXC Global, with more exchanges to follow. 

One of the greatest reasons Metacade has grown popular is its earning opportunities. Unlike its predecessors, Metacade users can earn by competing in games, creating projects, and working on gig opportunities. Developers have a ready community for their creations and can have their projects funded through MetaGrants. In other words, Metacade aims to become a virtual one-stop shop for gamers, crypto fans, and developers. 

Metacade also seeks to avoid the mistakes of its predecessors – the lack of sustainability. The platform will harbor a launchpad where others can launch their projects and contribute to the revenue of Metacade. Others can also advertise on the platform and post jobs, making Metacade a self-sustaining gaming platform. 

Metacade CEO emphasizes an ambitious strategic goal

After the early successes of Metacade, CEO Russell Bennett is focused on delivering on the project’s roadmap. The Metacade Lite, whose countdown is barely 3 days, will usher in the main platform that will actualize the dream of building a thriving Web 3.0 community. That begins with the launch of the Creat2Earn platform in the second quarter, Play2Earn in the third, and Work2Earn in the fourth.

Metacade’s CEO has emphasized the need to create a great community and platform and forge partnerships to bridge the Web 2.0 and Web 3.0 sectors for its users. Metacade Lite, which launches soon, is expected to actualize the ambitious dream.

MCADE’s price movement and what it means to investors

Just imagine a cryptocurrency launching in a bear market and retaining its value. According to Metacade CEO, the project and cryptocurrency, MCADE, launched in a bear market to keep off the distractions of speculation and hype. It has worked.

Unlike some tokens launched recently with a lot of surges and crashing thereafter, MCADE has maintained its value. The cryptocurrency trades in a bullish market at $0.024, higher than its final price at presale of $0.020. The current price happens in a market correction since MCADE recently hit a record $0.045. The correction reflects profit-taking activities, with the price steadily rising again as demand soars. 

It then means that the price of MCADE could recover to its previous level of $0.045 and surpass it as enthusiasm grows ahead of Metacade Lite launch. As such, the current price could be attractive to investors looking to buy MCADE on the dip.

Investing in MCADE for 10x return – is it realistic

There is no doubt tokens of very innovative platforms like Metacade can increase by 1000% within months of launch. Analysts have projected an even higher return for the token in 2023. A return of 10x is realistic, given that MCADE is already enjoying strong demand on exchanges, which helped the token rise 100% after the presale. It means there is still room for the token to run and could return big to investors.

• Credit rating agencies are watching the ongoing debt ceiling debate in Washington.

• Fitch placed the US into a rating watch negative area.

• The debt ceiling crisis is creating a good buying opportunity.

Metacade (MCADE), like other cryptocurrencies and stocks, has come under intense pressure as the debt ceiling crisis has escalated. The token was trading at $0.022, which was much lower than its all-time high of $0.046. Other cryptocurrencies have also been in the red. Bitcoin has retreated from the year-to-date high of $31,000 to below $27,000.

Debt ceiling crisis opportunity

Metacade price has not retreated because of its bad fundamentals. Instead, it has dropped because of the ongoing risk-off sentiment among market participants. This is evidenced by the fact that the US dollar index has surged to the highest level in more than a month. The closely watched VIX index has also jumped by double-digits.

The main concern is that the American government will default on its debt obligations in June if Democrats and Republicans fail to reach an agreement. Recent reports show that talks between the two negotiators have hit a wall. As a result, Fitch, a major rating agency announced that it was placing the US in a rating watch negative area. The report said:

“The brinkmanship over the debt ceiling, failure of the U.S. authorities to meaningfully tackle medium-term fiscal challenges that will lead to rising budget deficits and a growing debt burden signal downside risks to U.S. creditworthiness.”

I believe that the debt ceiling issue is creating a good opportunity for investors to buy the dip in key financial assets like Metacade and stocks. For one, odds are that the US will not default since the two sides will reach an agreement.

Janet Yellen, the head of the Treasury, has said that the US will run out of money on June 1. This means that there are still six weeks to reach an agreement. Historically, including in 2011, these deals are reached in the last day. 

A common saying in the market recommends buying when other people are fearful. This is a strategy that has worked well in the past crises. For example, it worked well when the Covid-19 pandemic was starting. Also, investors who bought the dip during the Global Financial Crisis made strong profits over the years.

Metacade fundamentals are strong

For starters, Metacade is a new blockchain project that raised over $16 million in a token sale. The developers are building a gaming product that is expected to be much better than existing products like Axie Infinity and Decentraland. 

According to Metacade’s white paper, the developers are now working on the game, which will be launched in the next few months. At the same time, they are working to have the token listed by leading exchanges. As we wrote here, it has already been listed by MEXC and BitMart.

Metacade has strong fundamentals since it is in an industry that is expected to grow in the next few years. A reccnt study estimates that blockchain games made over $4.6 billion in 2022 and that the volume will jump to over $65 billion by 2027. I believe that Metacade will have a market share in this industry.

Metacade price prediction

On the hourly chart, we see that Metacade price has moved sideways in the past few days. This price action is the same as that of other cryptocurrencies like bitcoin, ethereum, and solana. The coin has moved slightly above the ascending trendline that is shown in black. It has also jumped above the 25-day moving average while the Relative Strength Index (RSI) has moved above the neutral point.

Therefore, I suspect that MCADE price will continue consolidating and then make a bullish breakout later this month. If this happens, the next level to watch will be at $0.024. A move above that level will bring the resistance at $0.30 into view.

• Gaming and metaverse tokens jumped sharpy on Wednesday morning.

• Decentraland, Sandbox, and Enjin were among the best performers.

• This price action could benefit Metacade’s MCADE token.

Gaming-focused cryptocurrencies jumped in the past 24 hours as momentum in the industry returned. Decentraland’s MANA jumped by 11.5%, making it one of the best-performing crypto tokens. In the same period, Sandbox’s SAND soared by 7.40% while Enjin Coin’s ENJ rose by 7%. Metacade was not left behind as MCADE has risen by over 28% from the lowest level this month.

Gaming tokens jump

Gaming is one of the top industries that will be disrupted by the blockchain technology. Data by Grandview Research showed that the industry was valued at over $4.8 billion in 2022 and that it will have a compounded annual growth rate of 68.3% in the next few years. 

The industry, which has been controlled by giant companies like Microsoft, Take-Two Interactive has been ripe for disruption for years. And blockchain technology makes this possible by ensuring that people can game easily and make money in a simple way.

Most of the existing gaming platforms using blockchain enable people to play games and then earn returns for their wins. 

It is unclear why gaming tokens like Decentraland MANA, SAND, and Enjin jumped. A likely reason is that investors were simply buying the dip after the tokens dropped sharply in the past few weeks. At its lowest level this week, MANA was down by more than 37% from its highest point this month.

What is Metacade?

Metacade is one of the newest players in the decentralized gaming platform. The developers conducted a token sale earlier this year that raised over $16 million, making it one of the most successful token sales in the world this year. 

Since then, the developers have made several milestones. For example, they have inked several exchange-listing deals that give millions of people access to the token. As with most tokens, MCADE was first listed in Uniswap, the biggest DEX in the world. It was then listed in key platforms like MEXC and BitMart and the developers hope to list it in other exchanges. 

Metacade has also partnered with one of the biggest gaming and metaverse developers, who will build the game. Expectations is to launch the game in the next few months and also transition the ecosystem into a decentralized autonomous organization (DAO).

Is it safe to invest in Metacade?

Metacade, like other crypto tokens, is a relatively volatile and illiquid token, meaning that you need to be cautious when allocating funds in it. In the past, people who invested vast sums of money in one or two tokens have lost a lot of it. Therefore, I suggest that you do good risk management strategy and just allocate a small portion of your cash into it.

There are three main reasons to invest in Metacade. First, it is in an industry that is expected to grow rapidly in the next few years. Second, there are numerous bullish catalysts for the token, including exchange listings and game launch. Finally, MCADE has a favorable risk-reward proposition.

Metacade price prediction

The 4H chart shows that the MCADE price has made a strong recovery in the past few days. It has managed to pare back some of the losses it made earlier this week. The MACD has moved above the neutral point while the price has jumped above the 25-period moving average.

Therefore, there is a possibility that Meatacade will continue rising as buyers target the next psychological level at $0.30. A drop below the support at $0.018 will invalidate the bullish view.

• Metacade price rose to an all-time high after its presale and listing on major cryptocurrency exchanges.
• Today’s Bitcoin price prediction highlights the implications for Metacade price as BTC is heavily shorted.
• The week is key to investor sentiment with markets awaiting US inflation data.

Bitcoin (BTC) traded around $27,575 on Wednesday morning even as equities and other risk assets traded lower ahead of key US inflation data. While US Futures and European stocks edged lower, Bitcoin lumbered within a range that sees it down nearly 4% this past week.

On-chain data shows BTC is being heavily shorted as investor caution adds to the negative sentiment that has prevailed since the dip from highs of $30,000. What does the outlook for Bitcoin price mean for Metacade (MCADE)?

Bitcoin price prediction: crowd sentiment is negative but what’s the outlook?

The price of Bitcoin rose to $30,000 last Friday, with bulls looking to retest recent year-to-date highs. However, with sentiment flipping negative amid broader market anxiety and new FUD saw the benchmark cryptocurrency’s value dump to a weekly low under $28,000.

At current prices, Bitcoin is under fresh pressure with on-chain data showing bets on further declines have surged on crypto exchange and derivatives trading platform BitMEX. 

For the BTC price outlook, analytics firm Santiment points to Bitcoin’s funding rate, which is at its most negative ratio in nearly two months. While prices are likely to fall to support in the $25,000 region should a meltdown follow the CPI data and investor reaction to potential Fed rate hike path, the current crowd perspective has historically given way to new upside momentum.

Santiment says of BTC price prediction:

“Bitcoin’s funding rate on BitMEX is seeing its most negative ratio since the heavy bets against prices in mid-March, just before prices soared. Generally, price rise probabilities increase when the crowd overwhelmingly assumes prices will be dropping.”

#Bitcoin‘s funding rate on @BitMEX is seeing its most negative ratio since the heavy bets against prices in mid-March, just before prices soared. Generally, price rise probabilities increase when the crowd overwhelmingly assumes prices will be dropping. https://t.co/HbTcSouRsU pic.twitter.com/bu1dNDFTcU

— Santiment (@santimentfeed) May 10, 2023

This short term outlook for Bitcoin price will likely align with the anticipated new bull cycle ahead of the next halving. Altcoins are likely to see some action before then, and projects with greater ecosystem pull like Metacade could be stand out performers.

Metacade’s big GameFi ecosystem bet

Metacade is a play-to-earn (P2E) project looking to offer the gaming ecosystem an all-in-one GameFi and Web3 hub. As highlighted in the project’s whitepaper, the goal is to offer an arcade-style gaming platform where gamers, developers, and crypto enthusiasts connect, play and earn.

One aspect of Metacade’s unique approach to the gaming ecosystem is its rewards system. Unlike other traditional P2E platforms, MCADE offers complete utility as it allows for multiple earn revenues for token holders and investors via a strategy that will bring new game titles.

The team is also focused on incorporating leading industry gaming studios and developers, opening up the platform to growth into the ultimate GameFi environment.

The platform is set to go live soon and has a native token that will power transactions and interactions for users. The token, MCADE, concluded its presale successfully in April before going live on major exchanges Uniswap, BitMart and MEXC Global.

Is MCADE worth investing in in 2023?

Metacade’s MCADE token sold out swiftly during its presale, with investors scooping the allocated supply portion amid greater interest in what the project offers. Investors also saw the token’s value explode after the crypto market showed confidence in Metacade’s potential with listings on the highlighted exchange platforms.

Accomplishing roadmap milestones such as introducing Metagrants to support ecosystem development, and improving governance via a DAO, could help catapult Metacade into position as one of the biggest crypto gaming platforms.

The upcoming launch of the mainnet coupled with the diverse opportunities MCADE offers could be the catalysts that elevate Metacade’s price in 2023 and beyond.

Metacade price prediction

Market experts are long-term bullish on Metacade price, particularly on being a potential game-changer in the GameFi sector.

Metacade has a fixed supply of 2 billion MCADE tokens, with 1.4 billion tokens (70% of supply) available to investors during the presale. Demand for the token and removal from circulation via a burning mechanism should see buy pressure push the price higher long term as more people enter the Metacade ecosystem.

If we look at Metacade price today, we see its trading largely in tandem with the major altcoins. The forecast for MCADE price in the short term looks at the broader implications of Bitcoin ripping higher again to uplift the entire sector.

MCADE price hit an all-time high of $0.045 on 3 May 2023. The token’s current price is $0.024, down nearly 9% in the past 24 hours. MCADE/USD is also in negative territory on the weekly timeframe, although it trades above its Uniswap listing price level of $0.022 per token in April.

If the altcoin market dumps further, primary support for MCADE would be at around the mentioned buffer of $0.022. There’s a possibility of $0.020 and the all-time low of $0.014 could come into play incase of a deeper rot.

Should bulls regain control, a retest of the peak and targets of $0.1 in 2023 will likely be achievable. Meanwhile, the medium term price target could be $1 in 2024.

• Metacade is correcting after claiming a high above $0.045

• The token could benefit from increased listings and market events facing Binance

• MCADE is a potential buy as a support zone develops around $0.026

Metacade is now entering an exciting phase that could make a significant difference. That is becoming available to a large number of investors after major listings on Uniswap, BitMart, and MEXC. 

But even after listing on these exchanges, the token of the arcade platform has slowed down. As of press time, it exchanged hands at $0.0269, compared to its highest price of $0.045 at the start of the month. Is this a good opportunity to buy, or should investors stay away?

Binance on US probe for averting sanctions to Russia

Crypto markets could once again be staring at a red light. The world’s largest crypto exchange Binance is under probe by the US Justice Department for possible subversions of sanctions placed against Russia. 

Reports indicate that the US regulators want to know if Binance helped Russian customers move money and overcome sanctions. 

The Binance investigation could be monumental to crypto should US officials find the exchange guilty of the wrongdoing. As the leading exchange, increased scrutiny could spark market fears and potentially trigger fund withdrawals, as it has happened in the past. 

Another potential impact is client shifts to decentralized exchanges like Uniswap. This happened when FTX collapsed in November 2022, which saw huge inflows into DEXs. Whether these two possibilities are bound to happen is highly speculative. But one thing is for sure should it occur. Tokens that are listed on DEXs like Metacade will benefit from the investor shift. 

What is Metacade, and what uniqueness is it offering?

Metacade is a Web 3.0 community hub allowing gamers, developers, and crypto fans to collaborate. The platform wants to become the biggest gameFi arcade that is community governed. Investors earn through different methods – Create2Earn, Compete2Earn, and Work2Earn. They can also stake the native token to grow their bottom lines.

Since its launch and during the presale, Metacade has witnessed strong investor interest. Thanks to its robust earnings mechanics, Metacade promises to be a leader in the Web 3.0 space that is growing exponentially. The platform aims for a thriving ecosystem for its community. As such, it has committed to initiatives like Metagrants that will support new projects and applications. A platform launchpad, game testing, and advertisements are also expected to make Metacade a self-sustaining ecosystem. 

Metacade more than doubles in price after exchange listings

The uniqueness of Metacade has helped the token’s presale to sell out quickly. Now, the token is at the stage of exchange listings and has successfully debuted on Uniswap, BitMart, and MEXC Global.

As analysts had projected, the price of MCADE increased exponentially on the listing. At the beginning of May, the price rose above $0.045. The token’s price during the final presale phase was $0.0.020, meaning it has more than doubled in value. 

The price has now cooled, allowing investors to buy before more exchange listings follow. Let’s look at how the price could behave at the current level. 

MCADE – a potential opportunity in May?

As previously pointed out, MCADE is in a correction phase. This is a normal occurrence for every token or financial instrument after a prolonged uptrend. However, investors know corrections offer a chance to buy an asset at a lower price and ride the uptrend with a lower risk-return ratio. 

Metacade has been making these corrections. Each time, it has claimed a higher high and higher low. That means the token is still on an uptrend, and the correction could be an opportunity to buy. 

For instance, if we look at the current price, MCADE has held to the level for the past 3 days. It means potential support is developing around $0.026. If this level holds, it could be the perfect zone to buy MCADE in May. Considering the token is already available for trading on three exchanges, trading volumes could build up, and MCADE could claim a new high. 

• Metacade price has jumped by 275% from its all-time low.

• The token will benefit from a Fed pivot as US banks collapse.

• Technicals are supportive of the cryptocurrency.

Metacade (MCADE) price has done well since going public in April this year. In all, data compiled by Uniswap shows that the token has jumped by more than 275% from its all-time low, making it one of the best-performing cryptocurrencies in the world. Here are three reasons why Metacade price will likely continue soaring in the near term.

Macro events favor cryptocurrencies

The first main reason to invest in Metacade is that macro events seem to favor cryptocurrencies and other assets. On Wednesday, the Federal Reserve decided to hike interest rates by 0.25%, bringing them to about 5.25%. Analysts believe that the Fed has now ended its hiking cycle since there are signs that the American economy is slowing.

For example, GDP data published last week showed that the economy slowed down in A1. Further data showed that the manufacturing sector continued contracting in April this year. Retail sales have slowed as inflation remains stubbornly high.

Most importantly, the banking sector is at its biggest risk in years. On Monday, the FDIC seized First Republic Bank and sold it to JP Morgan, as we wrote here. Other banks are at a significant risk. For example, PacWest shares tumbled by over 50% on Thursday while Comerica and Western Alliance fell by double-digits. 

Therefore, it is hard to fathom the Fed continuing hiking rates in a period when banks are collapsing. As such, there is a likelihood that Metacade will and other altcoins will do well because of Bitcoin’s role as a safe haven.  In fact, Bitcoin and other major tokens have outperformed stocks this year.

Metacade important news

The other main reason to invest in Metacade is that there are some important news that could push the token higher. First, the number of MCADE holders has continued rising in the past few weeks. 

Data compiled by Etherscan shows that the number has jumped to 9,239, which is much higher than where it was last month. This is a sign that the token is gaining traction and that the number will get to 10k soon. The number of MCADE transfers has jumped to over 27,289.

Meanwhile, according to the Metacade white paper, the developers are working to get the token listed in more centralized exchanges. Already, the token has been listed in platforms like MEXC and BitMart. Other potential exchanges where the developers plan to list it are Binance and OKX. In most cases, cryptocurrencies tend to do well after a major exchange listing.

Further, the developers are working on the Metacade game, which is expected to be launched in the next few months. We expect that the game will do well, which will help the token gain traction in the next few months. Historically, crypto tokens tend to do well ahead of a major event.

Metacade technicals are supportive

The other main reason to invest in MCADE is that technicals are supportive. On the four-hour chart, we see that the Metacade price has been in a bullish trend in the past few weeks. As it rose, the token moved above the important resistance point at $0.034, the highest point on April 20th. It has now retested that price in what is known as a break and retest pattern.

Metacade is being supported by the 50-period moving average. Therefore, there is a likelihood that the token will bounce back as buyers target the all-time high of $0.045. A break above that level will see it jump to the next psychological level at $0.05.