Should I invest in Dogecoin, Shiba Inu and Metacade? Analysis and Price Prediction for 2023
As 2023 rolls around, it brings with it opportunities to invest in some crypto assets that could potentially explode in value in the coming years. Three of the hottest names for 2023 include two well-known coins and one newcomer.
This article includes a Shiba Inu price prediction comparing it to fellow meme coin Dogecoin. It also introduces the GameFi upstart Metacade and shows which of the three may be set to skyrocket in 2023 and beyond.
The Meme Coin Conundrum
Meme coins have become a popular part of crypto lore, with Dogecoin (DOGE) and Shiba Inu (SHIB) at the forefront as mascots. The coin’s witty and sometimes silly dog mascots have prompted both delight and mockery – both for good reason. Meme coins are cryptocurrencies much like bigger names such as Bitcoin, Ethereum or Cardano.
The big difference is that Dogecoin and Shiba Inu have no production limit. This means that, while there will only ever be 21 million Bitcoins, there can be an unlimited amount of DOGE and SHIB. This limitless production means popular meme coins can typically be bought for lower prices. It also means their value will be limited by their supply.
In basic economics, the more limited a resource, the higher value it will hold. This is why limited cryptos generally have more value than unlimited ones. The Shiba Inu price prediction exemplifies this concept perfectly. At the time of writing, SHIB is valued at $0.00001141 per coin. In comparison, DOGE is valued at $0.09 per coin. The Shiba Inu price prediction for 2023 is a minimum of $0.0000225 and a maximum of $0.0000289. Dogecoin’s price prediction for 2023 is a minimum of $0.12 and a maximum of $0.14.
The effect on the coins’ price is clear. Anyone who wants to purchase these meme coins can afford to. However, it also means their gains will be more limited than cryptos such as Metacade’s MCADE token. This dichotomy between easy affordability and low value of returns are the center of the great meme coin conundrum.
What is Metacade?
Metacade is a decentralized GameFi hub where users can earn MCADE tokens both while gaming and for contributing to the platform’s community. By doing things like writing reviews, posting top alpha games, and testing new games users can all earn tokens. Of course, they can also earn by playing P2E games in Metacade’s arcade.
Apart from earning tokens and engaging in a gaming community, Metacade users will also be fundamental in the creation of the new generation of online games. This will be done by voting on which game developers will receive grants, as well as by being able to communicate with them directly about what the people want in a new game. This gives an unprecedented amount of control to Metacade users to shape the future of gaming and earn MCADE while they do so.
How Does Metacade (MCADE) Work?
Unlike meme coins, MCADE tokens have a set limit, meaning their value won’t be impacted by an oversupply as can be seen from the Shiba Inu price prediction. MCADE tokens will be awarded to Metacade users for a variety of services, including game testing, writing reviews, and posting top alpha games. There will also be token raffles and giveaways to members of the community.
As users accumulate the MCADE tokens, they receive more control over the metaverse arcade space, allowing them to choose which game developers get grants and which games receive top billing. This allows both hardcore and casual gamers to earn while having an impact on the gaming market like never before.
Metacade (MCADE) is the Best Looking of the Three for the Future
With its presale just getting underway and its limited cap number on tokens, the value of Metacade is the strongest of the three, with the chance to post higher gains than any of the meme coins in 2023. While the Doge and Shiba Inu price predictions forecast minimal gains for the coming year, Metacade should only rise from its initial price beginning in 2023.
As time goes on and Metacade’s community grows, drawing in gaming enthusiasts and investors, the value of its MCADE token should only rise. This makes Metacade a great opportunity to right now to get into what may be one of the fastest-growing GameFi hubs in the metaverse for a discounted price that might never be seen again.
You can participate in the Metacade presale here.