- It’s clear that it’s been a rather difficult 12 months for Solana despite its crypto status, with the price wallowing more than 90% from the all-time high experienced at the height of the 2021 bull run.
- Despite its troubles, the established layer-1 protocol has seen a recent boost in its price, which has those tasked with putting together a Solana price prediction wondering if it might signal more positive times ahead.
With many analysts attributing the price rise to activity from whales on the network, many in the space are also asking whether the recent activity on Solana could have an impact across the rest of crypto — including the incredible presale from Metacade, which is forcing the cryptosphere to take notice, thanks to its huge potential.
What is Solana?
Solana is a high-performance layer-1 protocol that was launched in 2018. It is designed to solve the scalability and speed issues that have plagued other blockchain networks, and its technology achieves transaction processing speeds of up to 65,000 transactions per second (TPS), making it one of the fastest blockchain platforms out there.
Solana uses a unique consensus mechanism called Proof of History (PoH) that helps to reduce the time it takes to confirm transactions on the network. PoH is a cryptographic clock that provides a verifiable record of the order and time of events on the blockchain, and by using PoH, Solana is able to achieve near-instant finality on transactions, which means that users can trust that their transactions have been confirmed and cannot be reversed.
Unfortunately, Solana has been dogged by several unexpected periods of downtime that required technical intervention from the development team, which does not compare well with the near-constant uptime of other layer-1 protocols like Ethereum.
Solana Price Prediction: Where can Solana get to in 2023?
While Solana has had some technical troubles, it has maintained a strong community of developers as a result of the low costs and high transaction throughput of the network, and this has to be reflected in the Solana price prediction. This means that should Solana be able to prove its reliability; it could see a big uplift in transaction volumes if it has one or two strong projects which are able to deliver high transaction loads.
This means that while the current price of SOL is around $21, holders will be hoping that 2023 could bring a price of $30-35 as a result of more positive sentiment toward the project. A price rise to $40 would be seen as a huge win for a project that many feared could continue to decline.
What is Metacade?
Metacade is making a huge splash across the investment world as a result of the compelling and detailed whitepaper released by the Metacade team. This outlined ambitious plans to position the Metacade ecosystem at the heart of the GameFi movement by building the largest play-to-earn (P2E) arcade in existence.
Metacade features a wide-ranging rewards system, which ensures that gamers of all different types are catered to and maximizes the reach of Metacade in the process. Alongside the project’s rewarding gameplay ranging from casual to seriously competitive, it also goes further by rewarding activities that drive the overall user experience forward. This means that users are able to earn rewards for completing tasks like sharing alpha and writing game reviews.
With so much potential, it’s easy to see why the presale has seen such explosive action, with more than $13 million raised in just a 17 weeks as savvy investors rush to acquire their MCADE tokens at the bargain basement prices available in the presale – now in its last and final stage before the token hits exchanges.
How does MCADE work?
The MCADE utility token plays a crucial role in the working of the Metacade ecosystem by enabling not just the rewards mechanisms but also in its role as the currency of the ecosystem.
Holding MCADE is further incentivized through staking options that allow holders to earn a passive income while they hold, and these rewards are even paid in stablecoins to avoid diluting the fixed supply of just 2 billion MCADE.
Just how high could MCADE reach in 2023?
In contrast to the Solana price prediction, with such incredible presale action many analysts are wondering just how high MCADE can reach in 2023 when considering the first technical releases going live, alongside the huge excitement across the crypto industry as awareness of the project grows.
As user numbers increase, it’s almost certain that the project will see a push of buying pressure on the MCADE token, and so this could easily result in MCADE smashing through the $1 barrier as early as the end of 2023.
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SOL vs. MCADE: Which is the better investment?
There’s no doubt that while Solana is older and very well-known across crypto, these factors count against it as an investment despite its crypto status, as we can see in the Solana price prediction. With a mind-blowing amount of potential in a sector of crypto that is predicted to grow dramatically, Metacade looks to be a rare opportunity for smart investors to lock in astronomical gains by buying MCADE tokens before Metacade finalizes its presale soon.
You can participate in the Metacade final stage presale here.
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