- Investing in cryptocurrencies offers individuals outstanding opportunities to become part of a ground-breaking and innovative system with the potential to have a transformative impact on the fabric of society across several industries.
- For example, one of the industries in which cryptocurrency is driving immense growth is gaming.
Blockchain gaming is expected to grow at a rate in the next five years that far outstrips that of traditional console and PC gaming, and many crypto companies seeing this growth potential want a slice of the action.
One of the latest platforms to announce an expansion into blockchain gaming is Polygon, an established blockchain provider. This news has led analysts to compare the potential impact on the Polygon (MATIC) price with that of the exciting new GameFi token Metacade (MCADE) as the blockchain gaming wars heat up.
What is Polygon?
Polygon is a layer-2 blockchain solution developed to help scalability with the Ethereum network by offering a faster, cheaper, and highly scalable network that allows interoperability with Ethereum. The network has proven popular across various sectors within the crypto space, including prominent real-world retailers, social media giants, and developers of dApps and DeFi solutions.
As Ethereum has responded to challenges from layer-2 blockchain providers with a series of upgrades designed to reduce the need for interoperability, Polygon has diversified its offering by branching into the blockchain gaming space, becoming the second most popular gaming chain behind Wax in March 2023.
Polygon Price Prediction 2023 to 2030
This positive news has significantly impacted the Polygon price’s performance so far in 2023. Currently trading at $1.01, well above its value of $0.76 at the start of the year, progress in mid-January saw the potential of MATIC’s price as it rose above $1.50. Although this means the Polygon price has fallen by a third since then, there are high hopes for the future performance of MATIC.
Experts are constantly revising their Polygon price predictions for the coming years with forecasts that MATIC will hit $1.68 by the end of 2023, more than double its price at the beginning of the year.
Longer-term Polygon price predictions expect the previous all-time high (ATH) of $2.92 to be beaten in mid-2025 as it rises to a high of $3.51, riding hot on the coattails of expected growth in blockchain gaming in the same period. By the end of 2030, MATIC is expected to surpass the $20 barrier.
What is Metacade?
Metacade is a brand-new blockchain gaming platform with grand designs to revolutionize the GameFi landscape with its online virtual gaming arcade. It seeks to provide gaming enthusiasts with the largest selection of play-to-earn (P2E) games in one place on the planet while also seeking to establish itself as a pioneer and big-name in the blockchain gaming sector. The project’s recently unveiled whitepaper has impressed the global crypto community with its wide-ranging and ambitious plans.
These plans include a comprehensive rewards system that outstrips competitors by compensating users for more than progress and success while gaming. For example, each time they contribute to the growing community by posting social content on the hub, users stand to gain crypto rewards. Many expect this inclusive outlook to drive user retention and community growth over the coming months and years.
In addition, Metacade has recently announced a partnership with pioneering gaming studio MetaStudio, which has worked on prestigious projects, including Kung Fu Panda and Pirates of the Caribbean. This is only the first partnership, and we can anticipate exciting new games to come for Metacade’s evolving library.
How does MCADE work?
MCADE is the native token that powers the entire Metacade ecosystem, from providing the project with the medium of exchange to powering the exciting and all-encompassing rewards system. In addition, users can stake their MCADE tokens, allowing investors the chance to generate passive income while helping the platform develop (even though the pool is currently full).
MCADE’s deflationary tokenomics and the fixed total supply of 2 billion coins are good points to be aware of because this could help prevent MCADE tokens from flooding exchanges and depressing the price. In addition Metacade passed a full audit conducted by blockchain auditors Certik to reassure new investors that the team and project are sound.
MCADE price prediction 2023 to 2030
As blockchain gaming continues to grow in popularity, MCADE would be in prime position to reap handsome rewards from the projected growth in the sector in the coming months and years. After launching on the well known Uniswap exchange at the beginning of April at $0.022 per token and enjoying a recent unveiling on Bitmart, Metacade is arriving in the consciousness of an ever-growing audience.
With other listings to come, including on MEXC in early May and platform feature rollouts at regular intervals throughout the year with some experts speculating that $0.50 is an achievable target for 2023. As new features continue to roll out over the coming years, including the pioneering Metagrants scheme that incentivizes developers from within Metacade’s community, there is a possibility that $3 will be achievable by the end of 2025. Some predictions even indicate MCADE could soar beyond $10 as the platform and blockchain gaming hit maturity.
Metacade vs. Polygon price prediction: Which to buy?
Many early-stage crypto projects have produced impressive returns for investors, and Metacade looks set to be no different. The move into blockchain gaming provides some impetus for the Polygon price in the coming months and years. However, these returns are eclipsed compared to those potentially available with MCADE which has a massively lower market cap.
Now could be an opportune time to at least consider buying some MCADE, as the price remains low due to the platform being in its infancy. This allows investors to reap the potential rewards of the project becoming a blockchain gaming leader in the coming years.
You can find more information, including how to buy MCADE, here.
