Home Analysis Can Solana’s NFTs Boost SOL’s Price Prediction? Smart Investors are Backing Metacade As Tokens List on Exchanges

Can Solana’s NFTs Boost SOL’s Price Prediction? Smart Investors are Backing Metacade As Tokens List on Exchanges

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Ethereum is the primary home for NFT collections, but Solana NFTs have been steadily growing in popularity since 2021. However, recent developments in the ecosystem have left some wondering how Solana’s price predictions have changed over the past few weeks. Meanwhile, the burgeoning Metacade has garnered quite a bit of attention after selling out in its pre-sale and securing the listing of several high-profile companies on exchanges.

After Uniswap listing, the price of Metacade remained firm

In April, Metacade successfully listed its token on Uniswap. The price of MCADE remains strong. Currently he is at $0.022. This means that those who bought his MCADE tokens at the start of the presale so far have made a profit of 137%, and the excitement around Metacade does not seem to have abated. Metacade was able to fill his entire $250 million token staking pool within 5 hours. Given the continued investor interest, Metacade’s price forecast looks set to skyrocket.

Solana (SOL) Confirms Mixed Signals Following Departure of NFT Collection

Solana is one of Ethereum’s main competitors, highly regarded for its lightning-fast transaction speeds and low costs, and has been touted as the next up-and-coming NFT chain in recent months. Analysts point out that Solana is one of the cheapest chains to release NFTs, with a smart contract costing around $30 to deploy, while Ethereum costs him $5,000.

Nonetheless, two of the most notable Solana NFTs, DeGods and y00ts, recently completed their migration to Ethereum, hitting the ecosystem hard. Developers of the two projects cite the limited growth of the Solana NFT ecosystem as one of the main reasons for the migration. As a result, according to CryptoSlam, the number of users purchasing Solana NFTs has dropped by around -15% over the past month, while total transactions have dropped by around -10%.

However, there is good news for Solana’s NFT ecosystem. Over the past few days, the Solana Foundation announced that they are introducing state compression. This is a move that makes NFTS creation on the Solana chain 2,400-24,000 times cheaper than its uncompressed counterpart. This reduces the cost of storing 1 million Solana NFTs from $24,000 to around $110, making NFT minting more accessible.

Solana (SOL) Price Prediction

Solana’s price forecast has recently become relatively bullish despite the short-term negative news, as this cost-cutting measure could drive Solana’s long-term adoption in the NFT space. I’m here. SOL is currently worth about $20. Solana’s less optimistic price forecast sees SOL retest the $46-48 region this year, but it still gives him a 100%+ return from today’s prices.

More bullish Solana price forecasts believe it could go as high as $86, while some expect SOL to reach $130 by the end of 2023. In either scenario, today’s investor can earn at least four times more.

Metacade (MCADE) wows investors with an impressive roadmap

Metacade is a breakthrough Play-to-Earn (P2E) platform that aims to position itself as a one-stop community hub for the GameFi sector. After recently raising over $16.35 million and garnering a 137% valuation during a pre-sale, a shrewd investor has confirmed his Metacade’s upcoming deals on Bitmart (April) and his MEXC (May). I’m keeping an eye on the listing. His MCADE sales on Uniswap are strong, benefiting from early investors who jumped early and profited before his first two centralized exchange listings.

The vision of the platform is to provide a vibrant space for gamers, developers and crypto enthusiasts to come together and explore the ever-expanding world of blockchain gaming. Metacade offers a variety of tools and features to help creators and entrepreneurs succeed with her P2E. This includes a dedicated sub-forum for discussing the latest tips, a review system to identify top-notch games, alphas shared by GameFi experts, and more.

At the core of the Metacade ecosystem is the MCADE token. This is a multi-purpose utility token that offers several unique advantages. For example, a user can earn MCADE tokens by posting valuable content, sharing game reviews, or posting winning strategies for her latest P2E titles. The platform will also introduce Metagrants, a decentralized fundraising scheme that allows MCADE holders to vote and allocate funds to the most valuable P2E projects and will be hosted in Metacade’s virtual arcade.

Next year, Metacade plans to roll out Job Boards and Decentralized Autonomous Organizations (DAOs) to further strengthen the platform. Job boards connect users with games and opportunities at her Web3 company, offering casual or full-time opportunities to work in fields they’re passionate about. DAOs give users a direct say in the governance of the platform, allowing the community to shape its future direction.

Metacade (MCADE) Price Prediction

Metacade was initially listed on the exchange at $0.022, and MCADE’s price forecast is even higher. In the coming months, some analysts expect MCADE to reach at least $0.20, and expect the token to be worth between $0.50 and $0.70 by the end of the year. If this $0.70 prediction is correct, an investor who buys the token for $0.022 could see him go up over 3,000%!

Conclusion

In summary, Solana’s long-term prospects don’t look too bad given recent events. The project faces stiff competition from other Layer 1 networks, but SOL has a lot of growth potential over the coming months and years, as SOLana’s bullish pricing forecast shows. But when it comes to the best investment opportunities, Metacade A clear winner.

With a value-driven approach, community-centric ecosystem, and focus on user engagement, Metacade presents an exciting opportunity for those looking to invest in the rapidly growing GameFi space. Keep an eye out for Metacade’s listing on Bitmart and MEXC exchanges in mid-April and late May, respectively. twitter You’ll know as soon as the token goes live on the next exchange!

Metacades can be purchased here.

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