After the collapse in the crypto market, there are still many projects that are not in danger of falling. You may be wondering what will Avalanche look like in 2023. Hint: the situation is not like the old days of Avax. In this article, you will learn why Avalanche underperformed this year, what are the reasons, Avalanche price prediction, as well as how the performance of Metacade, the increasingly popular GameFi project, compares to Avalanche.
Is Avalanche (AVAX) Dividing From The Mixed Market?
Avalanche is a relatively new layer-1 network launched in September 2020. Like other 3rd generation layer-1 solutions, Avalanche aims to address the so-called blockchain triple deadlock, the scalability, security and decentralization issues that plague much of the crypto world.
However, despite being the 17th most valuable cryptocurrency with a market cap of over $6 billion, Avalanche has come under criticism for its lack of adoption and limited use cases, especially when compared to other similar projects like Ethereum, BNB or Solana. Given the high level of competition in the Layer-1 space, Avalanche doesn’t seem to be able to distinguish itself significantly from its competitors and is experiencing some difficulties as a result.
During the crypto market crash in 2022, AVAX was also hit pretty hard, losing a lot more than any other project. After hitting a high of $147 in November 2021, it fell more than 92% to $10.70 earlier this year.
Ethereum, on the other hand, has lost nearly 82% from its bull market high to its low in June last year. Avalanche’s devastatingly weak performance is a testament to how cautious investors are in purchasing this highly speculative project.
Avalanche (AVAX) Price Prediction
These negative aspects are causing many analysts to take a step back when it comes to Avalanche price predictions for 2023. Many analysts, who gave the first signs of decline months later, pulled their short-term Avalanche price predictions to the level of $ 13, predicting that it would lose 35% of its value compared to its current price of $ 20.
In bullish scenarios, most Avalanche price predictions peak around $40 by the end of 2023. This rise is pretty pale for a bull market. If the crypto market continues to decline, many experts predict that AVAX could bottom at $7.60, down 62% from today’s price.
Metacade (MCADE) Could Lead the “Play to Win” Industry
Considering the poor performance of AVAX during the recent crisis in the crypto market, many investors are turning to projects that can generate much better returns in 2023. One of these projects is . Metacade is a “play-to-earn” (P2E: Play-to-Earn) community hub where members can connect with like-minded gamers, increase GameFi revenues, and mark the future of gaming.
Metacade’s vision is to help everyone succeed in the P2E world. As such, it will offer a wide range of services designed to help players move forward, from forums that can be used to discuss the latest strategies, to the best alphas shared by experienced P2E players.
To encourage members to share their knowledge with the rest of the community, Metacade will reward users with MCADE tokens every time they post reviews, tips or other useful content. Thus, Metacade has the potential to become the indispensable address of Web3 to learn about P2E games and earn more from these games.
Other earning opportunities, such as regular tournaments and prize draws, a testing environment where users can provide feedback on the latest games in exchange for extra wins, and even a job board expected to open in 2024, have generated great interest in Metacade’s ongoing presale. On the other hand, one of the most exciting features of Metacade is the Metagrant program.
In essence, Metagrants offers the community a way to democratically fund the latest P2E games by voting on developers they believe deserve funding for their ideas. The finished game will be added to Metacade’s virtual arcade for everyone to log in and enjoy. This initiative could push Metacade to the top if even just one of these games hits, fostering a sense of community belonging and engagement unmatched by any other Web3 social platform.
Metacade (MCADE) Price Prediction
Thanks to Metacade’s extraordinary plan, the ongoing MCADE presale is fast running out. In just 16 weeks since launch, $10m worth of tokens have been sold, with each tier running out faster than the last.
Hence, experts are quite optimistic about the MCADE token. Its presale will be terminated at $0.02 per token, but many predict that MCADE will hit at least $0.25 by the end of 2023. That’s an incredible gain of 1,150% in less than a year.
Some even went so far as to make price predictions between $0.40 and $0.60. If MCADE hits $0.60, even traders included at the end of the presale could see a massive 2,900% gain.
Metacade (MCADE) A Better Investment Opportunity
It’s clear that there isn’t much to get excited about in Avalanche price predictions. In the best-case scenario, AVAX doubles its price. But in the worst case, it could experience a 63% drop. Considering the number of much more promising layer-1 projects, it’s hard to come up with a convincing justification for investing in AVAX.
Now compare that to MCADE. MCADE token is in full swing in the presale period thanks to its unique features and community-oriented approach that it plans to offer to P2E players. Note that the MCADE estimates given are based on the final presale price. As MCADE is currently on sale for $0.017, these returns could increase even more if you join now.
However, it will be useful to act quickly. As noted, each stage sells out faster than the last, so if you don’t act fast, you might miss this opportunity. If you are considering investing in AVAX, it may be time to reconsider. Instead, take a look at the MCADE presale before it’s too late.
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