Crypto

Ethereum Classic continues to lose value while Metacade (MCADE) could be the next big investment opportunity in 2023. | Invezz

If you have been active in the cryptocurrency market for a while, you don’t need us to explain that this market is becoming more and more saturated. Hundreds of copies are created for every original idea launched, and it’s not easy to distinguish gold from sand.

Today we are going to take a look at Ethereum Classic and see if it has run its course, but we are also going to take a look at a new investment opportunity called Metacade, which could very well be the next big investment opportunity in 2023.

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Ethereum vs Ethereum Classic

Many investors have one thing in common: they don’t always do the market research necessary to know and understand what interests them. This applies to any area of ​​investing, but is especially true when it comes to cryptocurrencies. You must ensure that you accurately calculate the risk of any investment opportunity.

Ethereum (ETH) is one of the most recognizable cryptocurrencies and the second largest in terms of market cap. Although they have similar names, Ethereum (ETH) is a separate entity from Ethereum Classic (ETC). So Ethereum and Ethereum Classic are two different assets and investment opportunities, but what makes them different?

Ethereum Classic (ETC)

Ethereum Classic is identical to the original Ethereum network created in 2015. In essence, the current version of Ethereum (ETH) is not much different from Ethereum Classic. However, due to hacking and theft in the blockchain, the cryptocurrency split and they are now independent.

This updated version was then trademarked, now called Ethereum, and the old network continued to operate under the new name Ethereum Classic. Today, Ethereum (ETH) has a huge transactional potential and ranks second in the ranking of cryptocurrencies in terms of market size. As an investment opportunity, it has proven to be one of the best assets of the last decade.

In April 2020, Ethereum was trading at around $150. Eighteen months later, in November 2021, during the bull market, the price topped $4,000, which is an absolutely staggering number. However, it has since fallen lower and is trading at a much lower price today. The same goes for Ethereum Classic. During the bull run, it hit over $120. Today, Ethereum Classic is trading at around $23 and does not quite meet the criteria for a solid investment opportunity.

This is because more people know and therefore prefer the Ethereum mainnet, which has a much higher trading volume than Ethereum Classic.

What is MetaCAD (MCADE)?

Metacade allows early entry into high-potential investments. For many of us, old school arcade games hold a certain place in our hearts. However, games have kept up with the digital transition and some of that early magic has been lost. However, Metacade is ready to rekindle that nostalgia and bring that experience back to the online space. While some cryptocurrency tokens are game-specific and have a single game token that you can mine, recover, or use, Metacade works differently than others.

Metacade is about empowering the gaming community. Metacade aims to be a community center focused on cryptocurrency gaming. This is a space where gamers, cryptocurrency investors and Web3 enthusiasts can connect with each other and collaborate on projects. In addition, Metacade will be a space where players can find P2E games and earn money while playing.

On the Metacade platform, you can browse slots to see the many games on offer. You can also just stay there and play different types of arcade games in one session.

Basically, it’s about immersing yourself in a digital copy of the arcade experience, creating an experience that is completely different from the online gaming experience that people are used to. We believe that this project has great potential.

Why Metacade is a Good Investment

If you are looking for a different type of investment opportunity, you can always find it in cryptocurrencies. It’s true that there are fewer opportunities than 7 or 8 years ago, but that simply means you need to do more research and have a keen eye to determine which digital currencies are better investments than others.

One of the best ways to make sure you’re making money from investments is to get to the bottom of the matter. You don’t want to start investing in something until Elon Musk tweets about it or Bloomberg does a special about it. If you wait that long, the opportunity will probably already be lost. So when we say “get started,” we mean investing before everyone joins you and before you see something pop up on social media every day.

You can participate in the Metacade Presale here.

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