Perhaps the feature with the most potential is the Metagrant initiative. Moreover, it’s launching a job and gig board in 2024 to help players find work in the Web3 and gaming industries. In return for contributing reviews, tips, and other valuable content to the platform, Metacade rewards its users with the MCADE token. So why are investors so enamored with the project? For one, many have pointed to Metacade’s community-centric vision as one of the main reasons it could come to dominate the GameFi space.Ī perfect example of this philosophy can be seen in Metacade’s reward program. Recently, it crossed the $6.4m mark just 12 weeks after launch, propelling the MCADE token from $0.008 to $0.014. This hype has been clearly demonstrated in MCADE’s presale performance. In creating a robust standard for gaming communities across Web3, Metacade has become one of the most talked about GameFi projects of 2023 - despite its MCADE token still being in presale. Whereas Axie Infinity is just one of many P2E titles, Metacade is a platform where players can go to find, discuss and have fun playing all sorts of these kinds of games. Metacade is a community space built for P2E gamers. Metacade (MCADE) Could Become the Next GameFi Leader Axie Infinity price predictions for 20 are around $69 and $107, respectively, but the P2E game’s damaged reputation may suppress any significant bullishness. Analysts have set maximum targets for their Axie Infinity price predictions at $43.50 by the end of 2023, though the average lies around $22. Since then, AXS has made a high of $10.23 in early 2023. The AXS governance token has fared slightly better than SLP, falling -97% from its $166.10 peak in November 2021 to a $3.99 low approximately a year later. Many were encouraged to work long hours, grinding it out just to give a portion of their hard-earned profits to their managers. Some players also claim they were exploited in “scholarship” programs, where “managers” rented their Axies to players in return for a cut of the profits. Following the broader crypto market collapse, SLP plummeted over -99% in one year from its July 2021 high, causing these players to rush for the exit in a negative feedback loop. In 2021, news reports were awash with stories of players in the Philippines and Indonesia replacing their regular income by playing Axie Infinity. However, some have criticized Axie Infinity for its questionable economics. The Mystic Axie, for example, sold for 300 ETH! Each Axie has its own set of unique characteristics that influence its rarity and price, with some Axies fetching hundreds of thousands of dollars. Players can purchase cute monsters known as Axies, represented by their own NFTs, and battle other players, to be in with a chance of winning Smooth Love Potion (SLP). Has Axie Infinity (AXS) Permanently Damaged Its Reputation?Īxie Infinity is a play-to-earn (P2E) mobile game and one of the most well-known GameFi projects in the crypto space. Today, you’ll discover an Axie Infinity price prediction covering the next few years and read why many former AXS investors are confidently choosing the Metacade presale instead. Despite this, some have been eyeing its resurgence in 2023. Its SLP token has fallen over 99% since 2021, and its governance token AXS hasn’t performed much better. Axie Infinity has seen a considerable fall from grace since reaching mainstream success in 2021.
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