- Metacade price has surged 4% in the last 24 hours as the bulls break off a key support line.
- Interest in MCADE could see its price rise in the coming months as Metacade builds a leading Web3 hub.
- However, Metacade’s price forecast also takes into account potential headwinds for the broader risk asset market.
Metacade price bounced off a key support level to give some cheer to the bulls. The token is currently trading at $0.021, up 4% over the last 24 hours. MCADE/USD is up 20% over the past week, with 24-hour trading volume up 57% to $226,368.
Prices have given up much more of their gains previously, meaning profit-taking is likely to dampen the bullish move. But will buyers be able to build on their base and rally higher by establishing the ultimate Web3 hub and MCADE that can be used by the broader market, especially after Metacade enters the major cryptocurrency exchanges?
Metacade Price Prediction
At current price levels, MCADE appears to be a solid buy. The rise to an all-time high above $0.045 occurred this month and just days after a successful pre-sale of the token. Since then, the uptrend has remained above $0.020.
Today’s bounce, along with the upside reversal in Bitcoin price, suggests that a new bull run in the market could push MCADE past its peak. This Metacade price prediction implies that MCADE could rise by over 50% to $0.045.
Further supporting this short-term view is that the daily RSI signals a possible departure from its neutral position. Additionally, the key support level from which Metacade bounced is the horizon near $0.020, which has been a solid pillar for MCADE bulls.
If the price continues to rise higher, the next target could be $0.026. However, the 20-day moving average is currently tilted to suggest that it could provide important resistance areas at $0.022 and $0.025. Possibly MCADE could surge 50% to $0.045.
Overall, the price of Metacade is currently poised for a bullish reversal. However, if the price is rejected by the 20-day moving average, it may fall to the support level below the psychological $0.020.
What is Metacade?
metacade It is a new community-driven game arcade based on blockchain technology and Web3. The Ethereum-based gaming platform is being developed as the ultimate hub for Play-to-Earn (P2E) gaming. At its core, the goal is to make Metacade the home of Metaverse arcade games and bring together game developers, players, and cryptocurrency enthusiasts.
Designed to accommodate all types of gamers, Metacade’s arcade platform features everything from casual games to competitive tournaments.
Platform users can take advantage of monetization opportunities by leveraging the utility of the native MCADE token. MCADE’s governance, staking, and trading are all combined with a wide range of games from a variety of developers and studios, giving token holders more ways to benefit from their investments.
Will Metacade price reach $5 in 2024?
This begs the question: Is MCADE still a buy and what is the long-term outlook for Metacade price?
Like other altcoins and cryptocurrencies, the price of Metacade is highly volatile, making it difficult to predict with certainty where it will trade next. However, as highlighted in our short-term price forecast, prices are likely to rebound to new highs in the coming months.
For a long-term outlook on Metacade price, it is important to focus on catalysts for further growth and demand for the token in the future. After $0.045 is reached, the main targets in the near term are likely to be $0.1 and $0.5. Considering market cycles, this level could be reached by 2023 or 2024.
The $5 price level is achievable by 2024 or in the medium term, considering how tokens like Axie Infinity, The Sandbox, and Decentraland hit all-time highs during the last bull market.
However, it may be unrealistic to expect MCADE to rise to $5 this year.
What could spur new metacade prices to rise?
MCADE is a relatively new token, but it shows a lot of potential considering its growing community. Factors likely to fuel a new rally for the token include an overall rebound in cryptocurrency markets amid a new bull cycle, disruptions in traditional finance that see risk appetite shifting more towards cryptocurrencies, and investor interest in cryptocurrency gaming tokens. resurrection, etc.
In addition to its unique approach to the P2E gaming ecosystem, MCADE has several other advantages that could benefit its demand.
In particular, Metacade is backed by a strong team focused on delivering the Web3 experience to users. There is also a clear roadmap with key milestones such as pre-sale, exchange listing and reaching platform development, as outlined in the project white paper.
Additionally, this token is designed to be used across the growing gaming ecosystem, and demand may increase as we get closer to public launch.
If you are considering purchasing MCADE, please do your own research. To learn more about the project, team, and roadmap, you can get started by visiting the Metacade website.