Are crypto investors looking to make some gains in 2023? Avalanche and Metacade are both creating a buzz in the crypto and gaming communities, but which one offers the best chance of returns? In this article, you’ll learn where analysts are placing their Avalanche price predictions and why investors are flocking to Metacade’s crypto presale for their chance at high rewards.
Avalanche (AVAX) Is a Tough Ethereum Competitor
Avalanche is a leading layer-1 network, challenging the leading smart-contract blockchain, Ethereum, with its high throughput and lightning-fast transaction speeds. It’s a preferred choice for dApps and DeFi protocols, thanks to its innovative Avalanche consensus mechanism. This allows Avalanche to process up to 6,500 transactions per second (TPS), and could potentially scale up to millions of TPS with the use of subnets.
In addition, AVAX, Avalanche’s native token, is essential for securing the network, staking, and rewarding validators. Interestingly, Avalanche’s staking rewards currently stand at 8.96% (Staking Rewards), which has drawn thousands of users to its network.
This is backed up by a recent Messari report, which states that Avalanche’s daily transactions grew by 85% in Q4 2022 and average transaction costs fell 26.8% from Q3 to Q4, costing just $0.10 per transaction. This has definitely pushed Avalanche price predictions higher for the rest of 2023.
Avalanche (AVAX) Price Prediction
At the start of the year, many Avalanche price predictions saw it breaking beyond the $30 barrier, almost doubling its current price of $15.70. However, analysts have since adjusted their forecasts, expecting AVAX investors to make much higher gains. Several Avalanche price predictions now sit at $56 for the end of the year, and some even suggest it could challenge its 2022 high of approximately $103.
This target is certainly ambitious, but not impossible. If these Avalanche price predictions come true, then today’s investors could be up an impressive 550%+.
Metacade (MCADE) Presale Captures Attention
Despite Avalanche’s bullish price forecasts, many investors have chosen to invest in Metacade’s ongoing presale. This is due to the FOMO surrounding the potential of multiple big-name exchange listings once the MCADE crypto presale has ended.
So what is it that has made investors so excited about Metacade? It’s a community-based platform that aims to become a go-to hub for play-to-earn (P2E) gamers with its impressive features. Metacade will include real-time interaction with like-minded gamers and crypto enthusiasts, spaces for discovering world-beating GameFi alpha, a scheme that rewards users for contributing to the platform, and even an entire virtual arcade.
The most talked-about feature, however, has been the Metagrant program. This gives game developers a chance to get their big break and could potentially shoot Metacade to mainstream fame. The process is simple – developers submit their game proposals to one of the Metagrant competitions for MCADE holders to vote on. The idea that receives the most votes is awarded funding from the Metacade treasury and the support of a loyal fanbase. These developers can then even get feedback on their games from its most avid fans using Metacade’s native testing environment and showcase the final game in its virtual arcade for anyone to play.
Other features, such as a job board and decentralized autonomous organization (DAO), both launching in 2024, have resonated with investors eager to invest in a decentralized platform that brings maximum value to its users. Metacade’s potential to benefit significantly from the network effect and skyrocket virtually overnight has led to investors pouring into the MCADE presale, which has now reached $14.8m in its final stage.
Metacade (MCADE) Price Prediction
These events have made many experts extremely bullish on MCADE following its remarkable crypto presale performance. While the token will finish presale at $0.02, many Metacade price predictions see it climbing to $0.20 before the end of the year.
Several analysts think MCADE could even reach $0.50 as the P2E market accelerates and more players look for a decentralized community space. If these predictions prove correct, then investors that seize the opportunity to participate in the final stage of the MCADE crypto presale could net returns of 2,400% – far surpassing anything AVAX investors can