The 2022 cryptocurrency crash is having an especially large impact on some of the most speculative projects in the cryptosphere, such as Solana (SOL). Facing fierce competition from other players and a number of fundamental technical issues, Solana has struggled to maintain an uptrend in recent months. But as the cryptocurrency crisis progresses, a new token could be pulling the cart.
We’re talking about the Metacade (MCADE) token, which could emerge as the winning project, poised to capitalize on GameFi’s growth and become the juggernaut in the coming years. Today, let’s take a look at Solana’s evolution, and why you might want to start considering Metacade as a serious competitor to add to your portfolio.
Solana (SOL) suffers repeated price cuts and dips amid cryptocurrency slump
Solana (SOL) is now one of Ethereum’s main rivals in the market. It is one of the fastest blockchains in cryptocurrencyusing an impressive combination of Proof of purchase (PoS) y Proof of History (PoH) to reach speeds of 3,500 transactions per second (TPS) without any effort. In theory, this can be increased to 710,000 TPS, according to Solana’s documentation. In comparison with 30 Ethereum TPSIt’s easy to see why Solana has skyrocketed in 2021.
Despite these incredible transaction speeds, the Solana network has not been without its problems. This year alone, Solana had six breakdownsone of which lasted a full week in early January. Coupled with the worst crash the cryptocurrency market has seen in 2022, these outages have served as a catalyst for some significant price drops. Following the first disruption of the year, which occurred as early as January 6 and lasted for a week, SOL fell nearly 23%. To reach its lowest rate on January 10. After another disruption hit the blockchain on Jan. 21, SOL dropped another 37%. To return to a consistent level three days later.
Since then, SOL has continued to trade lower in a cryptocurrency market that has suffered its worst decline in history. SOL is currently worth $29, and failed to break above $49 during the August bull market. After surpassing its $30 support point for a month, Solana now sits at the $26 low it reached in June..
What is Metacade (MCADE)?
Metacade is a promising project that aims to disrupt the gaming industry. Metacade is a community center where GameFi and cryptocurrency fans come together to enjoy Play2Earn’s best games, earn more from their passion and connect with like-minded people. Metacade’s ultimate goal is to be. the world’s first virtual arcade owned by gamers. Where you, as a community member, decide the future of gaming, not the disconnected game studios.
To build this vision, Metacade operates on a model that rewards players for their role in the community, while using collective power to Create some of the best Play2Earn and Web3 games the industry has ever seen..
Why should Metacade (MCADE) outperform the market?
As the cryptocurrency crisis progresses, Metacade is positioned to. Quickly dominate the market during the next uptrend.. As mentioned, Metacade aims to engage players by rewarding them for tasks they already enjoy doing. Every time you post a comment, share an alpha version of GameFi or participate in a playtest, you will be rewarded with MCAD tokens. If you are already a GameFi enthusiast, you can. increase your income by simply sharing your opinions and knowledge about your favorite games. ¡!
Metacade’s vision is to create a mix of ideas within a community where developers and gamers collaborate closely. Metacade plans to introduce a funding program called Metagrants: game developers will post their ideas and the Metacade community will vote for the project they want to see succeed. The winner will then receive funding from the Treasury. Through the platform’s native testing environment, developers will even benefit from instant, actionable feedback on their prototypes.
In keeping with Metacade’s goal of helping gamers win more through GameFi, the project will also host exclusive tournaments that will allow anyone to win big prizes. But even better than that, Metacade plans to launch a worksite in 2024 that could one day help a community member find his or her place in the burgeoning Web3 industry.. However, career opportunities are not the only thing you will find on this job site, there will also be occasional trials for gamers, who for a few hours will be able to increase their regular income thanks to this boost.
Eventually, Metacade will cede governance of the platform to the Metacade community. forming a decentralized autonomous organization (DAO).. Members with the most MCADE tokens will be offered leadership positions to guide Metacade into the future. This will allow these MCADE token holders to vote to determine leadership roles, feature implementation, cash flow allocations, etc., leading to a fully self-sustaining ecosystem built by the players, for the players..
Solana (SOL) vs Metacade (MCADE): which is the better investment?
As mentioned above, Solana had a tough time during the recent cryptocurrency market crash. But breakdowns are the least of his worries. Most recently, on October 12, the decentralized platform service DeFi Mango on the Solana network was hacked to the tune of about $100 million. Was it the first time? No. Solana suffered a direct attack on its users’ wallets in August, where more than $6 million was stolen. Prior to that, in February, $320 million was stolen from Solana.
The total cost of these hacks in 2022 alone was more than $446 million.. To put this in perspective, this is about the same amount of security assistance as the United States stated. to send to Ukraine in June.
While Solana’s future remains uncertain, especially after Ethereum’s upgrade that pushes its potential TPS to 100,000, Metacade has very little competition in a fast-growing market. This alone could make Metacade a strong competitor in its field. But the features described above could easily turn Metacade into an epic titan in the nascent GameFi industry..
In its pre-sale phase, as is the case at the moment, it goes without saying that Metacade is incredibly cheap.. If you are wondering whether you should invest in Solana or wait for the cryptocurrency market to rebound and Metacade to launch in 2022, the answer is clear: Metacade should be your number one investment choice.
You can buy Solana on eToro here.
You can participate in the pre-sale of Metacade. here.
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