Since 2021, Solana’s NFTs have been gradually gaining popularity, while Ethereum is still the primary residence for NFT collections. Recently, some have been wondering how Solana’s price predictions have changed over the last few weeks, while Metacade, a rising star, has attracted a lot of attention after selling out in presale and getting listed on several big exchanges.
Metacade Price Holds Steady After Uniswap Listing
April saw Metacade tokens successfully listing on Uniswap and the value of MCADE has managed to stay solid, currently trading at around $0.022. This means that those who bought MCADE tokens at the start of their presale have seen 10% returns so far, and the enthusiasm for Metacade doesn’t seem to be slowing down. In fact, the entire $250 million token staking pool was filled in less than 5 hours.
Solana (SOL) Sees Mixed Signals Following NFT Collection Departure
Solana is one of the leading Ethereum rivals, renowned for its lightning-fast transactions and low fees. It has been tipped as the next up-and-coming NFT chain over the last few months. Developers highlighted that Solana is among the most cost-effective chains to launch NFTs on, costing around $30 to deploy smart contracts compared to Ethereum’s up to $5,000.
Unfortunately, two of the most popular Solana NFTs, DeGods and y00ts, recently completed a migration to Ethereum, resulting in a big blow for the ecosystem. The two projects cited limited development in the Solana NFTs environment as one of the main causes for the migration. Consequently, the number of users buying Solana NFTs has gone down by about -15% over the last month, with total transactions dropping nearly -10%, according to CryptoSlam.
On a positive note, the Solana Foundation has recently announced that it will introduce state compression, a move that could make minting NFTS on the Solana chain 2,400-24,000x cheaper than its uncompressed counterparts. This would reduce the cost of storing 1 million Solana NFTs from $24,000 to around $110, making NFT minting much more accessible.
Solana (SOL) Price Prediction
Given the potential of this cost-cutting measure to drive Solana’s long-term adoption in the NFT space, its price predictions have been fairly optimistic recently, despite the bad short-term news. SOL is currently trading at around $20. The less optimistic Solana price predictions see SOL retesting the $46-48 area this year, which would still represent over 100% returns from today’s prices.
The more bullish Solana price predictions anticipate it to go up to the $86 mark, while some foresee SOL reaching $130 by the end of 2023. In either scenario, current traders could bag at least 4x gains.
Metacade (MCADE) Wows Investors With an Impressive Roadmap
Metacade is a groundbreaking play-to-earn (P2E) platform aiming to establish itself as a one-stop community hub for the GameFi sector. After recently raising over $16.35m and appreciating 10% during its presale, savvy investors have now turned their attention to Metacade’s upcoming exchange listings on Bitmart (April) and MEXC (May). Tokens on Uniswap have been doing well, thanks to early traders jumping in early to benefit before the first two centralized exchange listings.
The platform’s vision is to provide a vibrant space for gamers, developers, and crypto enthusiasts to come together and explore the ever-expanding world of blockchain gaming. Metacade offers a variety of tools and features to help creators and entrepreneurs get ahead in P2E, including dedicated sub-forums for discussing the latest ideas, a review system for identifying top-tier games, and insights shared by GameFi professionals.
At the core of Metacade’s ecosystem is the MCADE token, a multi-purpose utility token offering a number of unique benefits. For instance, users can earn MCADE tokens by contributing useful content, sharing game reviews, and posting successful strategies for the latest P2E titles. The platform will also introduce Metagrants, a decentralized funding scheme that allows MCADE holders to vote on and allocate funding to the most deserving P2E projects, which are then hosted in Metacade’s digital arcade.
Next year, Metacade plans to roll out a job board and decentralized autonomous organization (DAO) to further enhance its platform. The job board will connect users with opportunities in gaming and Web3 companies, providing them with part-time and full-time opportunities to work in
