Enjin Coin Price Prediction: How Metacade (MCADE) Is Looking Like the Better Option
There’s an old saying that you should buy shovels during a gold rush. Enjin Coin’s success can be attributed to that. It was the shovel of the GameFi gold rush during the last market cycle, acting as needed infrastructure that allowed more people to access this emerging industry.
Now that GameFi has solidified itself, however, it’s looking like infrastructure coins like Enjin will be outpaced by newcomers like Metacade when the crypto bull market returns.
Keep reading to learn why Metacade (MCADE) seems to be the better option moving forward and to see price predictions for both MCADE and ENJ.
What is Metacade?
Metacade is Web3’s first virtual arcade. It’s an online platform people can visit to experience the best GameFi and P2E projects in a single place, while socializing with friends in loads of different ways.
Additionally, Metacade opens up many possibilities to earn extra income. Users can earn on the platform by winning competitive tournaments, entering prize draws, posting engagement-worthy content, and even staking the token.
With so many games to try and ways to make money, Metacade has something for everyone in Web3. That gives it a massive amount of potential, which could lead to it becoming one of the top metaverse projects of 2023 and beyond.
How does Metacade work?
Metacade is powered by the MCADE token. This is what allows people to try out the best games, enter tournaments and prize draws, and experience everything that the platform has to offer. The token will be used for governance-based voting and holders will also be able to vote on which game developers receive Metagrants, a source of funding to build new games for the platform.
Metacade is currently in its token presale. The starting price is 125 MCADE for $1. Over nine stages, that will gradually decrease to 50 MCADE for $1 when the presale ends. That means the sooner that you get involved with Metacade, the better.
Metacade Price Prediction – Two Scenarios
Now that you understand what Metacade is and how it works, it’s possible to make a MCADE price prediction. For this Metacade price prediction, this article will explain an ideal scenario and an average one.
The Ideal Scenario for Metacade
In our ideal scenario, Metacade will fulfil its potential completely and become one of the top metaverse coins around during the next bull run. In that situation, its market cap would equal or surpass the market caps of the top metaverse projects in the previous market cycle.
By the end of the presale, Metacade’s market cap will be just under $28 million. To reach $5.6 billion, it would need to increase by 200x. This would bring the MCADE price from $0.02 to $4.
That’s a massive increase that could make Metacade one of the top-performing cryptocurrencies in any market sector in 2023.
An Average Metacade Outcome
Let’s say Metacade only reaches a $1 billion market cap during the next cycle. That might seem like a big number but really it’s in line with what many metaverse projects did in the last market cycle.
In that situation, early investors are still looking at about a 35x gain. So even in the average situation, your $1,000 invested at the start of the presale would turn into around $35,000. That’s still a fantastic outcome no matter how you look at it.
Enjin Coin Price Prediction
Enjin did very well during the last bull market. As promising as that sounds, there are actually a lot of reasons to doubt that it will achieve similar performance in the next one.
For starters, Enjin’s potential has largely already been reached. The coin already has carved out a solid niche in the market and may struggle to expand, in part, because it doesn’t directly market to end users.
At the moment, Enjin Coin needs to continue attracting more and more projects to use its technology to grow. It’s tough to see that happening at the same rate as the last cycle as new competitors enter the market with superior technology.
That’s why our Enjin Coin price prediction for the next bull run is only $3. That still represents a decent gain from current prices. On the other hand, it doesn’t lead to ENJ reaching a new all-time high and giving that much in return.
Metacade is the best looking for the future
Whether you believe Metacade will become one of the top metaverse projects of the future, or you believe in an average outcome for it, MCADE is expected to outperform ENJ in either situation. Nevertheless there are other alternatives to ENJ that might be interesting for 2023.
Polkadot, Cardano and Solana are only some of them.
The Metacade platform has a much broader potential audience and delivers value directly to end-users which will make it easier to grow through organic marketing. This makes Metacade an evergreen project that can sustain itself and attract new users. Taking all this into account, it’s no wonder that MCADE is set to outpace ENJ by such a wide margin.
Want to learn more?
You can participate in the Metacade pre-sale here.
***
DISCLAIMER
The views, the opinions and the positions expressed in this article are those of the author alone and do not necessarily represent those of https://www.cryptowisser.com/ or any company or individual affiliated with https://www.cryptowisser.com/. We do not guarantee the accuracy, completeness or validity of any statements made within this article. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author. Any liability with regards to infringement of intellectual property rights also remains with them.