Buy MCADE dip in June.

  • The price of Metacade has slightly decreased in the past few days.

  • The token has several positive factors that could affect it in the near future.

  • A pattern of breaking and then retesting could cause it to reach a key point at $0.30.

The price of Metacade has started to rebound after dropping to $0.01592 in June of this year. On Thursday, MCADE reached a high of $0.028, its highest point since May 10. This price was approximately 65% higher than the lowest point this year.

Positive factors for MCADE

Metacade is a new and rapidly growing cryptocurrency that has continued to rise as buyers focus on internal and macro factors. The biggest factor for the token is the decision by the House of Representatives to pass a bill to expand the debt ceiling. The bill will cause the US to cap spending and implement some fiscal measures to reduce the deficit.

Economists believe that the US would have defaulted if the deal was not passed by June 5th. This would have been unprecedented and lowered the value of most assets, including cryptocurrencies like Metacade and Bitcoin.

Internally, Metacade’s price has increased due to several important factors within the network. First, the developers plan to launch the lite version of the game soon. This launch will allow people to see what the company is working on. Cryptocurrencies usually rally ahead of a major product launch.

Second, Metacade will launch Metaseries on Thursday. This will be a video series where developers talk about the product and what they are working on. This video series is important because it provides more people with information about the product.

Meanwhile, the developers presented the fifth award of their $125k competition. Joaquin Solari was the fifth winner of $12.5k in a competition that is ongoing. Such competitions help to provide more traction to a crypto project.

Is MCADE a good investment?

Metacade has made a lot of progress in the past few months. As a result, Etherscan data shows that the number of holders has jumped to over 9,250, signaling that it will hit 10k soon. This is a remarkable experience because Metacade is a relatively new project.

Metacade developers are seeking to change the blockchain industry by developing a game that people will want to play. The play-to-earn game is being developed in collaboration with Metastudio, one of the leading developers out there.

According to Metacade creators, they are using the lessons learned from first-generation gaming projects like Axie Infinity and Decentraland to build their ecosystem.

I believe that Metacade is a good investment, but this depends on the quality of the game the developers launch. If it’s a good game, as predicted, there’s a likelihood that the token will continue to rise.

Metacade price prediction

The chart above shows that the MCADE price has been in a strong bullish trend in the past few days. It has managed to move above the key resistance point at $0.024, the highest point on May 17th. The token is being supported by the 50-period moving average.

Therefore, I suspect that it will soon form a break and retest pattern, by dropping to a low of $0.024. In price action analysis, this break and retest is usually a bullish sign. Therefore, I believe that the token will bounce back to $0.030 in the coming days.

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