Thursday, 20 June 2024

Crypto News

Metacade Releases on Multiple Exchanges as ApeCoin Price Enjoys Rally. Which Token is the Better Investment?

Metacade Releases on Multiple Exchanges as ApeCoin Price Enjoys Rally. Which Token is the Better Investment?

ApeCoin is home to one of the most valuable NFTs, with the Bored Ape Yacht Club (BAYC) continuing to attract fans and be one of the most sought-after meme coins. After a recent slump, ApeCoin’s price has surged in recent weeks. While this price action is impressive, the new crypto gaming platform Metacade is going from strength to strength after selling out its presale, snowballing now that it has hit decentralized exchanges (DEX).

Metacade thrives after Uniswap listing.

After the presale event sold out of its total token allocation, raising $16.4 million, Metacade listed its native MCADE token on leading DEX Uniswap in the first week of April and the CEX Bitmart on the 20th of April. MCADE’s momentum continues; investors who reserved their tokens during the presale round for between $0.008 and $0.02 have seen excellent returns during the early stages of its public listing.

Meanwhile, Metacade recently announced an exciting partnership with MetaStudio, an innovative team of developers with extensive experience. More good news for the new MCADE token was that CoinMarketCap listed it within hours of the presale concluding. All of this positivity underlines the platform’s potential to become one of the leading crypto opportunities of 2023, with potentially vast returns on the horizon.

ApeCoin price rallies after setbacks

APE, the native token of ApeCoin, suffered losses in early 2023 after community members voted against releasing two new NFT collections. Yuga Labs wanted to capitalize on the overwhelming success of its Bored Ape Yacht Cat (BAYC) with the release of the ApeCoin Armory Club and ApeCoin Pet Club. Members voted decisively against the proposals, with more than 83% of the community voting against them.

In addition, a recent release of 7.3 million APE tokens caused a 10% drop in the ApeCoin price, while a further 15.6 million tokens are due to drop in mid-April, dropping even more tokens onto the market. However, there is some good news for those that hold ApeCoin coins with the news that the ApeCoin price has recovered from dropping below $4 at the end of March to its current value above $4.50.

ApeCoin (APE) price prediction 2023

All signs point to the ApeCoin price beginning to move after being stuck in the $4 to $4.20 range for several weeks. Many believe this is the beginning of a return to bullish price action for APE,…

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