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Shiba Inu (SHIB) has been a leading project in the world of Web3 since the infamous token burn of October 2021. This event saw almost half of SHIB’s token supply eradicated, which has contributed to a more deflationary tokenomics structure.
Despite this, the Shiba Inu coin has failed to progress in recent times. In light of some bullish cryptocurrency news today, experts are suggesting that Metacade (MCADE) could outperform Shiba Inu over the coming years.
Cryptocurrency news today: A look at major developments in Web3
The Shiba Inu coin, SHIB, has been experiencing an impressive recovery at the beginning of 2023. As the wider crypto markets bounced, the Shiba Inu coin rose almost 100% to practically double the value of the Shiba Inu ecosystem.
The cryptocurrency news today reflects the ongoing development of the Shiba Inu coin and its subsidiaries. The Shiba Inu blockchain enables genuine utility for meme coins in Web3, and the founder recently announced that a layer-2 scaling solution called Shibarium will go live soon.
More bullish cryptocurrency news today is centered on Metacade, a comprehensive GameFi platform that brings a wide array of blockchain services to the gaming community. The MCADE token has raised $10.8m in just 16 weeks since the beginning of its presale, and the cryptocurrency news today is that the token will launch on the Bitmart exchange after the event is complete.
What is Shiba Inu?
Shiba Inu is a Turing complete blockchain that was created as a fork of Ethereum, which has a native meme coin called SHIB – which is the primary Shiba Inu coin. As Shiba Inu is compatible with Ethereum Virtual Machine, developers can create decentralized applications (dApps) for Shiba Inu coin holders to enjoy.
Shiba Inu coins are rare among meme coins. The vast majority of meme coins cannot support any form of additional utility, including SHIB’s major rival, Dogecoin (DOGE). In contrast, Shiba Inu can support an entire ecosystem of blockchain applications, including NFTs, DeFi services, and games.
Can SHIB reach $0.00003 in 2023?
The Shiba Inu coin faces strong resistance at the $0.00003 price level. However, with the cryptocurrency news today shining more light on the pending scaling solution, Shiba Inu coin has a good chance to meet this price before the end of the year.
What is Metacade?
Metacade is the first community-driven arcade on the blockchain. The platform is home to the largest collection of play-to-earn (P2E) arcade games in Web3, giving players seemingly endless ways to have fun online.
As a central hub for the Web3 community, Metacade offers vast earning potential that goes beyond the metaverse arcade. Users can access some of the most valuable alpha in blockchain gaming, find all the hottest trends, and interact with like-minded gamers directly on the platform.
How does MCADE work?
The MCADE token is used to pay performance-based financial rewards in the blockchain arcade. Gamers can use the token to access a variety of Play2Earn titles, as well as to gain entry to Compete2Earn tournaments that are hosted on the platform.
Metacade also supports content creators as they share alpha with other community members. Whether posting game reviews or sharing insights, users can earn MCADE tokens for their community contributions.
A much-anticipated mechanic that can be found in the Metacade community hub is the Work2Earn section. This will connect blockchain users to paid job opportunities in the world of Web3, ranging from part-time to full-time positions.
Metacade is helping to boost the overall level of innovation in the blockchain gaming space through its additional blockchain services. The project supports game developers looking to launch new blockchain-based titles through the Metagrants program, allowing its community to vote in the process.
Can MCADE reach $1 in 2023?
After the bullish cryptocurrency news today, Metacade will be given a major boost over the coming months. More traders and cryptocurrency investors will have access to the MCADE token, which could provide a major leg-up to its price level after the presale is complete.
On top of this, the Metacade platform is soon to go live. The metaverse arcade will become a sprawling ecosystem of blockchain games with some ground-breaking additional features. This should boost demand for the MCADE token even further, which has led many experts to place a $1 price target for MCADE in 2023.
Metacade vs. Shiba Inu coin: Which is the better buy?
The cryptocurrency news today revealed promising developments for both Metacade and Shiba Inu. Holders of both tokens can enjoy some exciting price action over the coming months and years, but Metacade currently has the higher price prediction.
For investors looking to diversify their portfolio, Metacade, being in its earliest stage of investment, is a great option. The presale is raising the value of the token from $0.008 to $0.02, with the current value being $0.0185. With a 50x price prediction on the horizon, MCADE certainly looks like a great buy.
You can participate in the Metacade presale here.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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