Major news has been released about cryptocurrency Bitcoin’s price action and how it relates to financial giant, Goldman Sachs. Goldman Sachs has finally made a complete U-turn and utterly reversed its stance on Bitcoin (BTC) and Web3.
For new Web3 projects such as Metacade (MCADE), which have been growing significantly in recent weeks, this is phenomenal news. So, just how valuable could MCADE become during 2023 and beyond?
Goldman Sachs changes its stance on cryptocurrency Bitcoin’s price action
Goldman Sachs recently released a report that showed the cryptocurrency Bitcoin’s price action has become predictable enough to be classed as an investable asset. Goldman Sachs claims that Bitcoin is, so far, the best-performing asset during 2023.
In the past, Goldman Sachs was actively against investing in cryptocurrency Bitcoin, as price action was cited as too volatile and speculative. In turn, this led to the financial giant opposing the cryptocurrency Bitcoin’s price potential as a valid asset class.
With Goldman Sachs now warming to Bitcoin’s price volatility, Web3 projects like Metacade are set to benefit greatly. Goldman Sachs are treating cryptocurrencies, such as Bitcoin and Metacade, as a brand-new asset class worthy of long-term investment.
For retail investors, cryptocurrency remains a high-risk high-return asset class. While Bitcoin price action has been highly volatile throughout its history, the BTC token now suffers from the law of diminishing returns. In contrast, Metacade is in its earliest stage of investment and could even outperform Bitcoin at its current price level.
Can MCADE reach $1 in 2023?
The MCADE token presale recently launched, which is the earliest funding round for cryptocurrencies. The presale has attracted massive hype as MCADE has raised $9.6m in just 15 weeks – a ground-breaking run of the gauntlet that has many experts forecasting powerful future price action.
After the presale is complete, the MCADE token will be launched on exchanges, further boosting its exposure to a broader crypto investor audience. Combined with the release of its metaverse arcade concept for Web3 gamers, Metacade looks set to skyrocket in 2023.
Experts are predicting a $1 price level before the end of the year – a 50x price rise from the end of the presale event. This would far outperform the cryptocurrency Bitcoin’s price action, which has been highlighted as the best-performing asset in 2023 by Goldman Sachs.
What is Metacade?
Metacade will become the biggest on-chain arcade, offering the largest collection of play-to-earn (P2E) arcade games anywhere on the blockchain. In addition to its vast metaverse arcade, Metacade will deliver earning potential to Web3 users that goes above and beyond anything else in the red-hot GameFi sector.
The project aims to become a central hub for the Web3 community by introducing several unique earning mechanics. Supporting this, Metacade will display all the latest trends in blockchain gaming and provide some of the hottest tips and tricks to make the most out of the GameFi experience.
How does MCADE work?
The metaverse arcade offers both casual and competitive gameplay. Each P2E title – within an ever-expanding list – has integrated financial benefits for users, rewarding players with MCADE for simply progressing through compelling levels across addictive online arcade games.
Competitive gamers can go head-to-head in paid entry tournaments that are hosted on the Metacade platform. These events will allow players to compete for the chance to win major prizes paid in MCADE tokens.
The community hub will extend crypto-earning mechanics even further. Content creators can earn while providing value to the ecosystem. This can include posting game reviews, sharing alpha, and interacting with other members of the Metacade community.
Metacade will also connect its users with new Web3 jobs through the Work2Earn mechanic. Work2Earn will include gig work, freelance roles, and full-time positions at Metacade’s partner projects from 2024 onwards. All roles are paid in crypto and can give Web3 users the chance to kickstart a career in blockchain.
Metacade: Driving progress in Web3
Metacade is taking GameFi to the next level, which is a key reason why it is forecasted to outperform cryptocurrency Bitcoin’s price action during 2023. On top of all its useful features for Web3 users, Metacade will also fund game developers to encourage innovation in GameFi.
As Goldman Sachs has green-lighted Bitcoin investment, Web3 projects such as Metacade could continue to expand across the world and enter into a global adoption phase. The Metagrants program designed by Metacade can help this process directly, as GameFi developers will be able to receive the support they need to launch new applications on the blockchain, building a loyal fanbase in the process.
Is MCADE worth buying?
The MCADE token presale could be the best investment opportunity of the year. While Goldman Sachs has highlighted the cryptocurrency Bitcoin’s price action as the highest-performing asset of 2023 so far, Metacade could overcome BTC to take the title in the coming months.
While MCADE is certainly a prime investment opportunity, investors do need to be quick to get involved. The MCADE token presale is a limited-time event, and the price of MCADE is rising every time a presale round sells out. The price has already risen from $0.008 to $0.017, so make sure to check it out before the presale ends.
You can participate in the Metacade presale here.
The post Goldman Sachs Gives Bitcoin a Thumbs Up, Giving Blockchain Arcade Metacade A Boost appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.