Metaverse Crypto Outlook 2023: Sandbox (SAND), Decentraland (MANA) and Metacade (MCADE)
- Two of the best-known cryptocurrencies in the web3 sector MANA & SAND
- Who will make the running in the crypto scene and will a newcomer shake up the market?
- Metacade (MCADE) could be the new star in the cryptocurrency sky
Metaverse crypto projects are often some of the highest gainers due to the unique nature of the technologies being used. Users can access stunning open worlds, play their favorite games online, and earn financial rewards in a number of ways.
The metaverse can connect people together, bringing new ways to work, socialize and interact over the internet. In this article, three major metaverse projects will be analyzed ahead of the 2023 crypto market.
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Metaverse crypto outlook: Metacade is the most promising investment right now
Two of the biggest metaverse crypto projects in Web3 are The Sandbox (SAND) and Decentraland (MANA). These two giants grew to a multi-billion-dollar valuation during the 2021 bull market, with the tokens rising 200x (SAND) and 75x (MANA), respectively, from the beginning of 2021 to their all-time high.
Now, Metacade is preparing itself for a similar gain over the next few years. The MCADE token recently launched its presale, attracting $1.7 million worth of funding in the first six weeks. This presale could turn out to be the biggest investment opportunity of 2023, as Metacade is bringing brand-new features into the metaverse and aims to become a central hub for Web3 users over time.
What is The Sandbox (SAND)?
The Sandbox is an open-world metaverse crypto project that allows users to build and monetize their own gaming assets. Players can explore games that have been created by other users in The Sandbox metaverse, which helps to produce an expansive and varied gaming experience.
Games and other assets can be bought and sold as non-fungible tokens (NFTs) in the platform’s integrated marketplace. The Sandbox offers a toolkit that enables metaverse crypto games to be customized, allowing anyone to become a game developer without any prior programming experience.
How does SAND work?
Players can earn SAND tokens for exploring game worlds that have been created by other players, providing a next-generation gaming experience through user-generated content (UGC) and play-to-earn (P2E) mechanics.
The SAND token is also used as a medium of exchange in the NFT marketplace and to vote in governance proposals, as The Sandbox is a decentralized autonomous organization (DAO) that is fully controlled by its community.
What is Decentraland (MANA)?
Decentraland is a metaverse crypto platform that allows users to buy and sell digital real estate, as well as build and explore sections of the metaverse that have been built by other users. The platform enables the development of virtual experiences that can be monetized in a number of ways, including NFT art galleries, games, and places to hang out.
As the world becomes increasingly digitized, Decentraland is expected to become a hub for virtual pastimes. Being able to customize sections of the Decentraland metaverse has resulted in a sprawling open world that is packed full of different things to do.
How does MANA work?
The MANA token is used to buy, sell, and trade parcels of land. Users can also purchase unique characters, items of clothing, and other digital assets to further customize the gaming experience. Like The Sandbox, Decentraland is a DAO that allows MANA holders to vote in governance proposals and prioritizes UGC at the foundation of the game.
What is Metacade (MCADE)?
Metacade is the first community-driven arcade. It will be the biggest arcade on the blockchain, offering players a variety of different methods for earning crypto tokens as well as a vast selection of P2E arcade games.
The project will also connect users with unique job opportunities in Web3, as well as offer the chance for players to test out brand-new games before they are launched. Users can get early access to new titles and will earn crypto for highlighting bug fixes and other improvements that need to be made before the game goes live.
Metacade is an ambitious metaverse crypto project that can become a central location for GameFi enthusiasts. There are several notable features that are designed to serve the community directly, with an advanced rewards mechanism that includes Play2Earn, Compete2Earn, Create2Earn, and Work2Earn.
How does MCADE work?
The Create2Earn feature rewards users for providing valuable contributions to the community. This can include sharing the latest information about different games on the Metacade platform, posting game reviews, and interacting with other community members.
The MCADE token is used to provide rewards, as well as for staking and voting in the Metacade DAO. The DAO will go live partway through 2023 before full control is handed over to the community in 2024.
Metaverse crypto price predictions 2023
SAND Price Prediction 2023
The SAND token has fallen 94% from its all-time high in 2021. Experts are predicting that it could struggle to recover before the next bull market. The price prediction for SAND in 2023 is between $0.76 and $1.87.
MANA Price Prediction 2023
The MANA token is currently worth $0.308390. The project has been struggling to gain usership during the 2022 bear market, which could affect the token’s price during 2023. MANA is expected to reclaim the $0.64 to $1.11 range, but it may struggle to break resistance at these levels.
MCADE Price Prediction 2023
The MCADE token recently launched its presale and has proven to be a popular investment already. The price will rise from $0.008 to $0.02 during the presale, with experts suggesting that the token could skyrocket after the presale is complete. By the end of 2023, MCADE is expected to be worth between $0.40 and $1 – a potential 50x gain for the new token.
You can buy SAND and MANA at eToro here.
You can participate in the MCADE presale here.