Cryptocurrency investors have experienced tremendous gains during the 2020 and 2021 bull runs, with many tokens skyrocketing in value. One such example is PancakeSwap (CAKE) and Polkadot (DOT). If you missed the chance to invest in these tokens, then Metacade (MCADE) might be the perfect opportunity for you to make up for it.
What is PancakeSwap (CAKE)?
Pancake swap is a decentralized exchange (or Dex) that runs on the Binance Chain. It was created as an alternative to more conventional, centralized exchanges, which are more vulnerable to hacker attacks. PancakeSwap allows users to put tokens into a pooled liquidity fund, which is then used for transactions between other investors. The fees charged by trading users are refunded to the liquidity providers, as well as a small percentage taken out of PancakeSwap’s Treasury.
Since its launch on September 28th 2020, CAKE experienced rapid growth and eventually reached a peak of $47.68 in April 2021. This represented an increase of 33 times the initial investment. Unfortunately, it has since taken a downward turn and was valued at $4.55 in 2021-2022, losing around 90% of its peak value.
What is Polkadot (DOT)?
Polkadot is another major competitor in the decentralized exchange market. It was designed to enable developers to create projects on its blockchain, and to enable blockchains to interact with one another without compromising security or scalability. Thanks to its highly decorated development team, DOT quickly rose up the cryptocurrency rankings and currently remains in the top ten.
On the day of its launch, DOT opened at $2.13 and a mere ten months later it had reached a peak of $56.22. This represented a return of 2540%, or 25 times the initial investment. However, it too has experienced a large drop and is currently trading at $6.35, having lost approximately 89% of its peak value.
What is Metacade (MCADE)?
Metacade is a new project aiming to be the top destination for Web3, Play2Earn and metaverse content. It plans to decentralize the gaming industry and put the power back in the hands of players, by allowing them to vote on which projects they would like to see and granting developers the opportunity to receive funding and support. Metacade also plans to give users a DAO and let them be completely independent.
Will MCADE outperform CAKE and DOT?
Both PancakeSwap and Polkadot were revolutionary in their field, but faced stiff competition from projects that already had a large market share, like Uniswap and Ethereum. Metacade may yet experience similar competition, but if they manage to become the leading Web3 gaming community, it is entirely possible that they could rival the gains of CAKE and DOT. If everything goes according to plan, investors could experience 50x, 100x and even 1000x returns.
You can purchase PancakeSwap and Polkadot on eToro here, and participate in the Metacade presale here.
