With many projects yet to come out of trouble after the crypto market crash, you might be wondering how Avalanche will end 2023. Hint: it’s not looking good. In this article, you’ll find out why Avalanche may underperform this year, its price predictions, and why investors find the Metacade GameFi project a much better alternative.
Avalanche (AVAX) Hard to Make a Difference in a Crowded 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 ongoing issues of scalability, security, and decentralization that plague most cryptocurrencies, called the blockchain trilemma.
However, despite being the 17th most valuable cryptocurrency with a market cap of over $6 billion, Avalanche has faced criticism for its lack of adoption and limited use cases, especially compared to other similar projects, such as Ethereum, BNB, or Solana. Given the high level of competition among tier-1 projects, Avalanche can’t seem to differentiate from its competitors in any meaningful way and the results are not very good for this project.
During the crypto market crash of 2022, AVAX took a huge hit, losing more value than any other project. AVAX fell over -92% from a high of $147 in November 2021 to a low of $10.70 earlier this year.
Ethereum, meanwhile, is down about -82% from its high during the market to its low in June last year. Avalanche’s poor performance is a testament to how wary investors are of buying into this highly speculative project.
Avalanche Price Prediction (AVAX)
These downsides have made many pessimistic when it comes to Avalanche’s price prediction for 2023. After recently putting out initial signs of a downside in a few months, many have put their short-term Avalanche price prediction around the $13 level, down. -35% off the current price of $20.
In a bullish scenario, most of Avalanche’s price predictions are around $40 by the end of 2023 – a not-so-appealing return for a bull market. If the crypto market crash continues, many pundits predict that AVAX could bottom out at $7.60, down 62% from today’s price.
Metacade (MCADE) Can Lead the Play-to-Earn Sector
Given AVAX’s poor performance during the recent crypto market crash, many investors have been looking for projects that could offer much better returns in 2023. One of these projects is Metacade, a GameFi platform that performed very well in its pre-sale. Metacade is a play-to-earn (P2E) community hub where members can connect with like-minded gamers, grow their GameFi revenue, and get involved in the future of gaming.
Metacade’s vision is to help everyone succeed in the P2E world. That’s why Metacade will be introducing a full suite of features designed to help players keep going, from forums to discuss the latest strategies, to top alphas shared by P2E veterans.
To encourage members to share their knowledge with the rest of the community, Metacade rewards users with MCADE tokens every time they share reviews, tips, or other valuable content. As such, Metacade has the potential to become a premier Web3 destination for learning and earning more from P2E gaming.
Other earning opportunities, such as regular tournaments and prize draws, testing environments where users can provide feedback on the latest games in exchange for some additional cash, and even job boards expected to release in 2024, have prompted a lot of attention in Metacade’s pre-sales stage. ongoing. However, one of the most attractive features of Metacade is its Metagrant schema.
In essence, Metagrant is offering the community a way to democratically fund the latest P2E games by voting for which developers they believe deserve financing for their ideas. Finished games will be added to the Metacade virtual arcade for anyone to come in and enjoy. This initiative fosters a sense of community ownership and engagement like no other Web3 social platform and could make Metacade known even if only one of these games is launched.
Metacade Price Prediction (MCADE)
Due to Metacade’s outstanding proposal, MCADE’s ongoing pre-sale stage has sold out quickly. More than $10.4 million worth of tokens have been sold in just 16 weeks since launch, with each stage selling faster than the last.
As a result, experts are very optimistic about the MCADE token. Metacade will complete the pre-sale at a price level of $0.02 per token, but many predict MCADE could be worth at least $0.25 by the end of 2023 – an incredible 1150% return in just under a year.
Some even make Metacade price predictions between $0.40 and $0.60. If MCADE reaches $0.60, even investors who join at the end of the pre-sale can get an astounding 2,900% profit.
Metacade (MCADE) is a Much Better Investment Opportunity
It’s clear that Avalanche’s price predictions are nothing short of exciting. In the best case, the price of AVAX doubles. But in the worst case, it could drop even further to -63%. Considering the number of much more promising layer-1 projects out there, it’s hard to see a compelling case for investing in AVAX.
Compare with MCADE. Its MCADE token has thrived in pre-sale due the unique features it plans to offer P2E gamers and its community-first philosophy. Remember that the MCADE predictions given are for the final pre sale price; these returns can be increased if you join now, as MCADE is currently selling for $0.017.
However, it is best to move fast. As mentioned, each stage has sold out faster than the previous one, meaning you might miss out if you don’t act fast. If you’ve been thinking about investing in AVAX, it may be time to reconsider. Watch for MCADE pre sales before it’s too late.
You can buy Avalanche (AVAX) on eToro here.
You can participate in the Metacade presale here.