As the first cryptocurrency, and the largest by market capitalization, the Bitcoin price is often the first to move. Other cryptocurrencies are typically tied to the Bitcoin price, as the correlation between Web3 tokens is still strong.
So, when will the next crypto bull market return, and what effect might it have on new projects like Metacade?
Is online gaming ready to explode again?
The bull market often causes many cryptocurrencies to gain value, with new all-time highs being reached across the crypto markets. The previous bull market of 2021 saw online gaming platforms increase in value to become some of the leading projects in the world of Web3.
Decentraland (MANA), The Sandbox (SAND), and Axie Infinity (AXS) each rose by over 200x during the 2021 bull market. It was kickstarted by Bitcoin price movements, with other cryptos following the price after large investors rotated into other blockchain projects.
The next crypto bull market is expected to occur between 2024 and 2025, as the Bitcoin halving event will take place in March 2024. The timing could not be better for new online gaming projects such as Metacade, which has seen major investment during its crypto presale.
Market cycles in the crypto world
The Bitcoin price typically follows a 4-year cycle that coincides with its halving events. The Bitcoin blockchain uses a proof-of-work consensus mechanism, where the number of BTC mined by nodes is halved every 210,000 blocks – approximately every four years.
This is the foundation for market cycles in crypto: As BTC becomes increasingly scarce, bull markets occur; as Bitcoin becomes overextended, a bear market pulls the price of Bitcoin back to parity.
In 2012, 2016, and 2020, the halving events kickstarted explosive bull runs in which the Bitcoin price made new all-time highs. Major pullbacks, such as the one seen in 2022, brought the Bitcoin price and most of the market back to more moderate prices.
Can MCADE reach $5 in 2025?
For new online gaming cryptocurrencies such as Metacade, the next bull market could produce over 100x returns. The MCADE presale is rapidly selling out at each stage, as the new online gaming project is already proving popular.
MCADE is gearing up for exciting price action over the coming years. In 2023, experts are predicting that MCADE will reach $1 in value. This is because the token will be launched on exchanges after the presale, and the Metacade platform will begin to roll out its comprehensive online gaming experience.
After the Bitcoin halving event in 2024, Metacade will be in full flow, with all major features delivering vast benefits to the online gaming community. The halving event is then expected to cause a bull market.
During this time, MCADE could gain significant value. The early forecasts suggest that MCADE will breach resistance at $5 and grow to almost $7 before the end of the bull market – a whopping 350x price rise from the end of the presale.
What is Metacade?
Metacade is the largest collection of play-to-earn (P2E) online gaming titles on the blockchain. The metaverse arcade will offer vast earning opportunities to gamers and become a central hub for Web3 users through several ground-breaking features.
Users can access all the latest trends and find the best tips and tricks to make the most out of online gaming on the blockchain. The social hub will drive progress for the online gaming community, while the platform will help to create new jobs and fund the next wave of blockchain game development through the Metagrants program.
Metacade is inherently community-driven and will transition to becoming a decentralized autonomous organization (DAO) from 2024 onwards. Overall, metacade is a broad online gaming platform that is set to offer more online gaming experiences and more earning mechanics than any comparable project.
How does MCADE work?
The metaverse arcade will combine casual and competitive gameplay alongside the largest selection of P2E titles that can be found on the blockchain. Online gaming experiences will range from classic arcade games to brand-new titles. Gamers can play solo or join paid entry tournaments to win major crypto prizes.
The MCADE token is used to pay rewards on the platform. Users can earn rewards in many ways, including creating content in the community hub. The Create2Earn feature provides MCADE tokens for users who post game reviews, share alpha, and interact with other users.
The Work2Earn feature will connect users with exclusive blockchain opportunities, including part-time work and full-time roles at Metacade’s partner projects. In the process, Metacade is creating new jobs for crypto enthusiasts and helping its community to start a career in Web3.
Bull market 2025: Is MCADE worth buying?
The MCADE presale could be a great option for anyone looking to buy into a 100x potential gem in its early stages. The next bull market could be just around the corner, and the Bitcoin price action is expected to bring additional gains for Metacade between 2024 and 2025.
Before then, Metacade is expected to rise 50x. It’s definitely a great addition to any investment portfolio, but the price is already rising. To get MCADE at the best possible price, get involved early, as MCADE will climb from $0.008 to $0.02 during the presale.
You can participate in the Metacade presale here.
The post When Will The Crypto Bull Market Return? Bitcoin’s Recent Rally Is Good News For Gaming Hub Metacade appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
