- Metacade, Ovr, and UBXS could benefit from altcoin rally as P2E and RWA dominate 2024.
- OVR and UBXS are targeting $1 and $0.1 respectively.
- MCADE is signaling a potential upside as prices hold at key levels.
As the cryptocurrency market consolidates amid bull market predictions, three altcoins expected to see significant growth in the coming weeks and months are Metacade (MCADE), Ovr (OVR), and UBXS (UBXS). As UBXS and Ovr prices gain upward momentum, MCADE is signaling a bullish turn as the price remains above key support levels.
OVR and UBXS Price Prediction
OVR and UBXS are trading higher today, with their respective prices rising over the past 24 hours. UBXS posted more gains last week, netting more than 42% in weekly gains. Meanwhile, OVR has posted an upward return of around 8% over the same period.
As the market recovers from this week’s downturn, both coins could benefit from the resurgence of the Play-to-Earn (P2E) and tokenization narrative. Experts say the latter is one of the key trends to watch in 2024.
According to cryptocurrency analyst Michael van de Poppe, a rise in altcoin markets amid the growing tokenization of real-world assets could help the UBXS price. Analysts see a potential move into the $0.09-$0.13 area.
“#Altcoin markets will accelerate further in the coming period as the cycle is just beginning. #RWA will be one of the key topics and $UBXS is one such project. It held an important support level and appears poised for new impetus towards $0.09 and $0.13.“said the analyst. Posted on his X account.
that much #altcoin The market will accelerate further in the coming period as the cycle is just getting started.#RWA will be one of the key topics, $UBXS It’s that kind of project.
It remains at an important support level and appears poised for new impetus towards $0.09 and $0.13. pic.twitter.com/pjZsV6J4Q4
— Michael van de Poppe (@CryptoMichNL) January 5, 2024
OVR, the token of the augmented reality (AR) metaverse Over the Reality, stands to benefit from the rise of P2E, Web3, and the metaverse. OVR peaked at $3.33 in December 2021. It’s down 89% from its high, but a bounce from the current price of $0.34 could push the bulls to retest recent resistance above 0.74. The bull market target would be above $1.
Metacade Price Prediction
Metacade price has struggled to gain upward momentum since hitting a high of $0.02 in November. MCADE, the native token of the blockchain-based gaming platform, recently reached a peak amid optimism surrounding Metacade’s mainnet launch.
While the GameFi project’s milestones and key partnerships with key vendors continue to drive adoption, the initial rally in MCADE’s price has waned since rising 106% in one week last November.
In fact, from current levels below $0.012, the Metacade price is down 28% over the past month. It is also well off the all-time high above $0.045 reached in May 2023.
However, Play-to-Earn (P2E) is expected to gain greater traction in 2024, and programs like Metacade’s Meta Grant could provide even more incentives to the developer and game studio community. MCADE could become a bigger beneficiary of this outlook as gaming platforms begin to dominate the space.
MCADE price is likely to rebound from $0.012 with the alt season providing tailwind stimulation. The approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) could be the first sign of this happening.
In the short term, Metacade’s native token could explode above $0.1, but the psychological $1 remains the target.