MCADE, the native coin of the Metacade ecosystem, has been performing well over the past week as the cryptocurrency market recovers thanks to the debt ceiling agreement over the weekend. The token has added 13% to its value over the last seven days, outperforming the broader cryptocurrency market and trading above $0.024.
The agreement was reached between President Biden and the House leadership to suspend the federal government’s $31.4 trillion debt ceiling. The vote is expected to take place tomorrow, May 31st, before the United States runs out of money to pay its debts on June 1st.
The deal struck over the weekend brought optimism to the market, as investors feared a US default could result in a recession, causing massive losses in the cryptocurrency market and other financial markets.
Since the debt ceiling deal was announced, Bitcoin and other cryptocurrencies have rallied. Bitcoin touched a low of $25,800 last week but has since renounced and moved past the $28k level on Monday. At press time, the price of Bitcoin stands at $27,710, up by less than 1% over the last 24 hours.
Metacade is still very much in its development phase and could prove to be an excellent investment for early investors. The development team is preparing to launch the Metacade Lite in two days, which will offer users the first experience of the app UX. It will offer users a selection of both Web2 and Web3 games. The team is also working hard to get MCADE listed on numerous cryptocurrency exchanges.
For investors, Metacade could be an exciting project as the development team continues to work to launch its GameFi platform. With its plan to transition into a DAO in 2024, MCADE could record massive gains as the Metacade project gains adoption.
