Metacade’s value exceeds $0024 due to the recent crypto market surge following the debt ceiling agreement

Summary of main points:

  • MCade has increased by more than 13% over the past seven days and is now trading above $0.024.

  • The rally is due to the agreement on the United States debt ceiling, which has caused the cryptocurrency market to recover.

  • Bitcoin is down nearly 5% since the start of May, but has increased by over 3% in the past few days.

  • The debt relief vote in the United States has created a positive sentiment in the market.

  • An agreement was reached between President Biden and the House leadership on the United States debt ceiling over the weekend.

  • The vote to suspend the federal government’s $31.4 trillion debt ceiling is expected to take place on May 31st.

  • A US default could result in a recession, and this could cause the cryptocurrency market to record massive losses.

  • MCade, the native token of the Metacade ecosystem, has added 13% to its value over the last seven days and is currently trading at $0.0248 per coin.

  • Metacade Lite, which offers users the first experience of the app UX, will be launched in two days.

  • The Metacade team is preparing to launch its GameFi platform and working hard to get MCade listed on numerous cryptocurrency exchanges.

The cryptocurrency market has been underperforming in May, with Bitcoin down nearly 5% since the start of the month. However, the market has seen some relief this week, with Bitcoin increasing by more than 3% in the past few days. MCade, the native coin of the Metacade ecosystem, has also increased by more than 6% over the past seven days.

The recent agreement on the United States debt ceiling has created a positive sentiment in the market. An agreement was reached between President Biden and the House leadership over the weekend, which will suspend the federal government’s $31.4 trillion debt ceiling. The vote to pass this agreement is expected to take place on May 31st. A US default could result in a recession, and this could cause the cryptocurrency market to record massive losses.

MCade has been performing well and has added more than 13% to its value over the past seven days. Metacade is preparing to launch its GameFi platform and is working hard to get MCade listed on numerous cryptocurrency exchanges. In addition, Metacade Lite, which offers users the first experience of the app UX, will be launched in two days. With such plans in place, MCade could be on track to record gains over the next few months and years.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Solana’s Rise to the Top: Speed, Cheap Fees, and Memes 🚀

Gain valuable insights into the December 22, 2023 price trends in the ever-evolving crypto markets.

BlockChain

Nvidia CEO bullish as Q2 revenue beats estimates in AI race.

Nvidia shares skyrocketed by almost 10% in after-hours trading, thanks to the company's impressive Q2 earnings report...

Bitcoin

Indonesian Authorities Crack Down on Bitcoin Mining Sites for Energy Theft

In an effort to ensure fair energy distribution and promote sustainable practices, Indonesian authorities have taken ...

Market

BitMEX launches prediction market for real-world events- implications for Chancer?

BitMEX has excitingly introduced Prediction Markets, providing traders with the opportunity to participate in betting...

Market

Bitcoin slumbers as ETF hopes simmer; PEPE leads altcoin gains.

Meme coin and low-caps continue to be popular choices among traders, gaining momentum as bitcoin investors eagerly aw...

Market

SEC asked Coinbase to delist altcoins and trade only Bitcoin before lawsuit: report.

The US SEC allegedly requested crypto exchange Coinbase to prioritize Bitcoin and consider delisting other crypto tok...