Tuesday, 30 May 2023

Crypto News

Is this the right time to buy more MCADE tokens?

Is this the right time to buy more MCADE tokens?

Key takeaways

  • Metacade reached an all-time high of $0.045 earlier this month but is now down by nearly 50% from that point.

  • The broader crypto market is undergoing a correction, and this could present a good buying opportunity for investors.

  • MCADE will be listing on more crypto exchanges before the end of the year. 

Metacade’s price has done well since going public last month. It surged to a high of $0.045 earlier this month after it was listed on the BitMart, Uniswap, and MEXC cryptocurrency exchanges.

However, it has lost nearly 40% of its value since then as the broader cryptocurrency market began its bearish move. With the MCADE price now low and the broader crypto market currently underperforming, is this a good opportunity for investors to invest in the project? 

Does Metacade offer a great investment opportunity?

One of the best times to invest in financial assets is during a market correction. By investing during a bear market or a correction, investors set themselves up nicely to make excellent returns.

The broader cryptocurrency market has been underperforming since the start of the month. Bitcoin has lost more than 10% of its value over the past seven days and is struggling to maintain its price above $26k.

The poor performance of Bitcoin and other major cryptocurrencies has affected the prices of other cryptocurrencies, including Metacade.

MCADE rose to an all-time high of $0.045 earlier this month after it was listed on the MEXC cryptocurrency exchange. However, since then, MCADE has lost nearly 50% of its value as the market undergoes a correction.

At press time, the price of MCADE stands at $0.02225. The decline in the prices of cryptocurrencies, including Metacade, could serve as an excellent opportunity for investors to enter the market.

Those who didn’t invest in Metacade during its pre-sale could take up this opportunity, as the token is now trading close to its presale price. Furthermore, existing investors could take advantage of the current market conditions to purchase more MCADE tokens.

What is Metacade?

To determine if Metacade could be a good project to buy, investors need to know what Metacade is about.

Metacade is a web3 project that is powered by the Ethereum blockchain. The project seeks to improve the existing play-to-earn (P2E) ecosystem by making it possible for users to enjoy new web3…

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