Ethereum is commonly referred to as a cryptosphere veteran, with its blockchain network services powering a variety of decentralized apps (dApps), DeFi, and GameFi platforms. Ethereum news is abuzz with the platform’s Shanghai upgrade, which follows “The Merge”, and industry experts are now speculating on how the split will shape the Ethereum price prediction in 2023.
At the same time, Metacade’s recent success has not gone unnoticed, with its coin listing on Uniswap and partnership with MetaStudio, and investors are now considering which is a better investment option, MCADE or ETH?
What is the Shanghai Split?
Shanghai was activated on Wednesday, 12th April, and allows investors who have staked their ETH to start withdrawing funds for the first time. This upgrade marks the completion of Ethereum’s transition from the expensive and energy-consuming proof-of-work (PoW) to the cheaper, more efficient, and environmentally-friendly proof-of-stake (PoS) consensus mechanism.
The change away from PoW should reduce the need for miners and their energy-hungry computer hardware, opening the door to a debate on the environmental impact of PoW cryptos.
Ethereum (ETH) Price Prediction 2023
What the Shanghai split will do to the Ethereum price prediction in 2023 is still uncertain; however, investors are concerned that the ability to withdraw staked ETH could have a negative effect. Analysts are still optimistic that ETH will reach $2,500 by the end of the year, but markets are bracing for downward revisions to price predictions.
What is Metacade?
Metacade is a newly-launched GameFi platform that aims to build the world’s most expansive online gaming arcade. The platform revolves around a community of gamers, developers, and crypto fans who collaborate to enhance the platform and promote innovation in Web3 gaming. Gamers can earn rewards through the platform’s play-to-earn (P2E) system, and users earn incentives for contributing to community building.
Metacade has a token staking scheme which allows investors to gain passive income, and is becoming a decentralized autonomous organization (DAO) with the Metagrants program. Developers can apply for crypto grants to create exclusive games, and MCADE coin holders get voting rights to decide which ideas get support.
Metacade (MCADE) Price Prediction 2023
The MCADE coin has already made gains since its launch on Uniswap at $0.022, and further listings on Bitswap and MEXC later in April and early May could provide additional boosts. Metacade is paying out rewards in MCADE, keeping demand for the token high and pushing the price up, and new games and features are expected to be released in the coming weeks and months.
All of this could result in MCADE reaching a price of $0.50 by the end of the year, representing returns of more than 50x for those who bought at presale launch price of $0.008.
ETH vs. MCADE: Which is the better investment this year?
Recent Ethereum news has made investors uncertain about the value of their ETH holdings. Analysts may revise their predictions downwards if the Shanghai upgrade and token withdrawal capability affects the price. MCADE, on the other hand, stands to benefit from the upcoming exchange listings, increasing the token’s utility and value.
The utility and rewards system of MCADE make it an attractive investment option in 2023. Find out how to buy MCADE here.