During the 2020 and 2021 bull market runs, several tokens hit the market and quickly became hugely successful. This influx of new cryptocurrency projects, alongside bored investors stuck at home during the pandemic, has brought dramatic returns, especially for projects like Pancake Swap (CAKE) and Polkadot (DOT). I was.
If you missed out on becoming an early investor in PancakeSwap and Polkadot, don’t panic. You may have a second chance with new tokens from Metacade (MCADE)So let’s see why investors are talking about it.
What is pancake swap (CAKE)?
pancake swap is a decentralized exchange (commonly known as a dex) that uses BNB chainDecentralized exchanges were created as an alternative to traditional centralized exchanges, making it easier for users’ accounts to be hacked. PancakeSwap emerged as an alternative to Ethereum-based dexes, which are often slow due to the large number of projects running on the Ethereum blockchain.
PancakeSwap allows users to add tokens to the liquidity pool. It is used to facilitate transactions between other investors. In return, they receive a fee for locking their tokens. These fees are paid by the user making the transaction, and a small take is added to his PancakeSwap treasury.
How much did CAKE rise?
PancakeSwap quickly rose to the leading dex of rivals Uniswap, due to a significant increase in demand for the CAKE token. At its launch on September 28, 2020, CAKE reached a high of $1.40. Fast forward to April 30th when CAKE peaked at a whopping $47.68 – 3305% increase, or about 33x the investment at launch.
However, after the bear market of 2021 and 2022, CAKE is back at $4.55 at the time of writing, losing about -90% of its value in about a year and a half.
What is Polka Dot (DOT)?
Polka dot It’s a bit more complicated than PancakeSwap, but it’s basically one of Ethereum’s main competitors on the market today. Ethereum was created to allow developers to build projects on its blockchain, but it struggles when it comes to interoperability (the ability to allow two different blockchains to talk to each other). increase. Polkadot sought to create a platform that allows users to easily build fast public and private blockchains that can communicate with each other without compromising security or scalability.
How much did your DOT rise?
thanks in part to excellent development team Effective Innovation in Blockchain Interoperability, Its Native DOT Token Rapidly climbed the cryptocurrency leaderboardsIn fact, it’s still hovering around the top 10 today.
On the first day of trading, September 18, the DOT opened at $2.13. As soon as the token hype spread, it started to skyrocket. Ten months later he peaked at a price of $56.22 on November 4th, About 2540% of the original investor, or about 25 times the initial investment.
Of course, things that go up can come down, and like CAKE, DOT has suffered this year, currently down to $6.35, down almost -89% in the process.
What is Metacade (MCADE)?
Metacade aims to be the number one destination for Web3, Play2Earn and Metaverse game content. Like PancakeSwap and Polkadot, Metacade aims to revolutionize the world of the Metaverse as we know it. Play, earn and connect with like-minded enthusiasts.
One of the things that makes the platform so special is the community-centric vision held by the Metacade team. Over the years, the gaming industry has moved closer and closer towards centralization, microtransactions, and profit maximization.If you’re a gamer, you know what we’re talking about. Putting the power to determine the future of the game back in the hands of the player.
We do this by allowing users to vote for their favorite games. It’s not just an existing title, it’s a fresh idea in development. Metagrants is a system where developers get funding and support from her Metacade community, allowing players to vote on the projects they want to see the most. This ultimately leads to: A virtual arcade filled only with successful titles as determined by the Metacade community.
Metacade further removes the training wheels so that the community can become completely independent by Decentralized Autonomous Organization (DAO)Revenue sources such as direct test feedback from Metacade users, job listings, and developers paying for entry into tournaments help contribute to the Treasury.Treasury is committed to contributing to the community, winning tournaments, and We fund the latest Play2Earn titles.
Will MCADE rise as high as CAKE and DOT?
Both PancakeSwap and Polkadot were disruptors in their respective fields, but faced stiff competition from projects such as Uniswap and Ethereum that had already established market share. Metacade has yet to face this issue.under construction traditional business analyst “blue ocean”: A new market not yet filled by multiple competitors.
If Metacade can quickly dominate the fledgling Web3 game community market, CAKE and DOT could soon exceed the returns returned to investors.If all goes according to plan, Gains of 50x and even 100x can be achievedIt all depends on how MCADE works as the project progresses, but it’s certainly worth taking a closer look.
Buy PancakeSwap and Polkadot on eToro here.
You can participate in the Metacade pre-sale here.
