After some disastrous Axie Infinity price action during 2022, the AXS token looks set to recover. However, will AXS produce better investment returns than Metacade (MCADE) during 2023?

Despite Axie Infinity's recent problems, the future of play-to-earn gaming looks bright

Play-to-earn (P2E) games are some of the most sought-after investment opportunities in Web3. By offering integrated financial rewards to players, blockchain games can deliver a world of new benefits to users. In just a few short years, the combination of self-owned digital assets and P2E mechanics has produced a multi-billion-dollar valuation for the GameFi industry.

Play-to-earn crypto projects such as Axie Infinity have recently been popular among investors. Between 2020 and 2021, the Axie Infinity price increased from $0.10 to over $160 – an explosive run that saw early backers make 1500x returns on their investment. However, after some major problems for Axie Infinity, the project lost over 90% of its value in 2022.

GameFi investors are expecting the Axie Infinity price to recover, but a new play-to-earn platform called Metacade looks like it could dethrone Axie Infinity to become the new king of GameFi. The MCADE token recently started its presale, with over $1 million being invested in just a few weeks. Metacade now looks to be preparing for some explosive gains before the next crypto bull market.

What is Axie Infinity (AXS)?

Axie Infinity (AXS) is a digital collectibles game powered by the Ethereum blockchain. Players can collect Axies as NFTs and can battle against other players while using their Axies' unique abilities.

With its deep strategic gameplay mechanics, Axie Infinity combines aspects from gaming genres such as fighting games, pet-raising simulations, and collectible card games to create an original experience that is augmented with play-to-earn mechanics to deliver advanced incentives for players.

Axie Infinity price prediction 2023: Will AXS reach $20?

The Axie Infinity price suffered in 2022 after the Ronin Bridge was hacked. It was the biggest DeFi exploit ever, with over $600 million lost. In the wake of the attack, the Axie Infinity price fell below $5 – more than 95% down from its $160 all-time high.

Axie Infinity's play-to-earn game continues to attract a significant number of users, and the project continues to add new gameplay features. With that in mind, the Axie Infinity price is expected to recover, with $20 being a key target in 2023.

What is Metacade (MCADE)?

While Axie Infinity offers a single play-to-earn gaming experience, Metacade offers many different play-to-earn arcade games in a single location. The project aims to become a central hub for Web3 users, connecting crypto enthusiasts to vast earning potential through its unique features.

How does MCADE work?

Metacade's play-to-earn arcade offers a range of different games that each has integrated reward potential. These games can be played casually or competitively, as users can join paid entry tournaments to compete for the chance to win prizes paid in MCADE.

The platform will also reward users for contributing to the community. This can involve sharing the latest insights about blockchain gaming, posting game reviews, or any form of interaction on the Metacade platform.

The Work2Earn mechanic is designed to create job opportunities for crypto enthusiasts. This feature will offer paid work to Metacade users – whether part-time, full-time, or special roles testing out brand-new blockchain games before they are officially released.

Metacade is also helping to drive innovation in GameFi through its Metagrants program. This will involve a voting process, where the Metacade community decides which new arcade game proposals will receive a Metagrant.

The winning projects will receive early-stage funding through the Metagrants program, which helps to boost the level of development in the metaverse arcade and encourages developers to expand the ecosystem directly.

Metacade price prediction 2023: Will MCADE reach $1?

The Metacade presale looks likely to produce major returns for its participants. After the event is completed, the Metacade will begin development and MCADE will be made available on exchanges. This is expected to boost exposure for the MCADE token and produce increased demand.

By the end of 2023, MCADE could be worth $1. This is a significant price rise for MCADE from the current presale price level, with over 50x gains being anticipated for the new play-to-earn platform.

AXS vs MCADE: Which is the best investment?

Without a doubt, the MCADE presale is one of the best investment opportunities on the cryptocurrency market right now. The project could produce similar returns to AXS from its early stages, as it will serve a growing number of users within the Web3 ecosystem and support innovation directly.

While the Axie Infinity price projections suggest a 4x gain during 2023, MCADE could produce up to 50x returns. The price of MCADE is, in fact, already rising – the presale will see the value increase from $0.008 to $0.02 per MCADE token, which means that investors need to be quick if they want to get involved in one of the best opportunities of the year.

You can purchase AXIE tokens at eToro here.

You can participate in the Metacade presale here.