As cryptocurrency regulations continue to threaten the future of Web3, many investors are seeking the most secure cryptos to invest in. While Monero (XMR) has been a leading project in the blockchain movement for some time, Metacade (MCADE) now looks like a better option long-term.
Monero could see disastrous price action thanks to the encroachment of cryptocurrency regulation. Meanwhile, Metacade continues to see massive success during its early stages. So, which project is the best long-term investment?
How is cryptocurrency regulation impacting the industry?
As a leading privacy-focused blockchain, the future of Monero is in jeopardy. Cryptocurrency regulation has cracked down on private protocols in the wake of the Tornado Cash incident in 2022. Tornado Cash was a protocol that made blockchain transactions untraceable, which led to the arrest of its founding developer.
This news has cast doubt over the future of Monero and the XMR price by extension. The XMR price has previously reached highs over $500, but now investors are seeking more secure investments due to major cryptocurrency regulation.
One of the most popular options for crypto investors in recent times has been Metacade. The MCADE token presale has attracted $10.9m in 16 weeks since the event went live, owing to a strong value proposition and an ability to serve a huge number of users over time.
What is Monero?
Monero is one of the oldest cryptocurrencies in the top 50, being created in 2014. It uses a proof-of-work consensus mechanism and advanced cryptographic technologies to mask the identity of its users. As one of the most popular private blockchains, Monero has been a leading project in Web3 since it was first launched.
While most blockchains have a public ledger that records private addresses, transaction amounts, and more information that can be traced back to the sender, Monero obfuscates much of this data. As a result, sending money over the Monero blockchain is completely private and secure.
Can the XMR price reach $200 in 2023?
The XMR price has fallen 70% since reaching its all-time high in 2021. After the Tornado Cash incident and tightening cryptocurrency regulations, many experts have suggested that the XMR price may struggle to regain its previous price level.
A key target for the XMR price is $200. Monero faces stiff resistance at this price level, and it may struggle to break through over the coming years. XMR price action will be shrouded with uncertainty for as long as Monero remains an industry-leading private blockchain due to ongoing cryptocurrency regulations.
What is Metacade?
Metacade is the first community-driven arcade. The platform combines advanced earning mechanics with the largest collection of blockchain arcade games to deliver a comprehensive GameFi experience.
The metaverse arcade will be home to a massive range of different titles, and it will also become a central hub for Web3 users to enjoy. This is because Metacade’s offering goes beyond the arcade, as users can uncover some of the best alpha in the blockchain gaming space directly through the platform.
How does MCADE work?
The MCADE token will be used to pay for rewards in the arcade. Metacade offers both casual and competitive gameplay, allowing players to play solo or join paid entry tournaments for the chance to win major crypto prizes.
The community hub will also reward content creators through the Create2Earn mechanic. Users can contribute by posting game reviews, sharing alpha, interacting with other members of the community directly, and earn MCADE tokens in the process.
Metacade is also advertising jobs for Web3 users through its Work2Earn feature. Whether looking for freelance work, part-time gigs, or full-time roles at major Web3 companies, Metacade can connect professionals to exciting new positions.
Can MCADE reach $1 in 2023?
The MCADE token presale has attracted massive attention due to the vast promise being shown by the new project. Once the presale is complete, MCADE will be launched on exchanges, which could boost buy pressure even further.
Experts are forecasting major gains for Metacade in 2023 and beyond, with $1 being a key price target this year. Not only will the token go live on exchanges in 2023, but the metaverse arcade will also open its doors and begin to offer an exciting GameFi experience to players from all over the world.
MCADE vs. XMR price prediction: Which is the best investment?
As cryptocurrency regulation continues to crack down on privacy-focused protocols, Monero seems like a risky long-term investment. On the other hand, Metacade is just starting to make a name for itself as a leading project in the blockchain gaming movement, which gives it tremendous potential for the future.
Without a doubt, Metacade looks like the best investment right now. However, investors do need to be quick to buy MCADE at the best possible price, as the value of MCADE is rising from $0.008 to $0.02 during the presale. Web3 projects such as Metacade are heavily favored by cryptocurrency regulation when compared to projects that protect user anonymity, so it will be fascinating to see how the future unfolds for these two projects.
You can participate in the Metacade presale here.
Share this article
Categories
Tags
https://coinjournal.net/news/moneros-xmr-price-falters-as-governments-around-the-world-regulate-crypto-metacades-presale-remains-unaffected/
