Day: April 4, 2023

dexFreight granted patent to bring DeFi to the supply chain

dexFreight was granted the patent on 28 March 2023, the company announced Tuesday.

The block-chain-based platform applied for the patent from the USPTO after a succesful pilot lauched in 2018.

dexFreight aims to help small and medium-sized trucking companies access lower-cost liquidity.

dexFreight, a leading blockchain-based logistics platform that seeks to enhance efficiency and security in the supply chain ecosystem, has moved another step closer to this reality after being granted a USPTO patent.

The patent relates to dexFreight’s innovative technology targeting the management of supply chains using blockchain-based solutions. The plan is to have the distributed ledger technology available in open source. However, the company applied for the patent to protect against “patent trolls that could prevent adoption.”

The patent will also offer large logistics organisations the assurances they need as they look to test the new technology, the dexFreight team noted in their press announcement.

dexFreight to bring real world assets to DeFi

According to details shared with CoinJournal, dexFreight was granted the patent on 28 March 2023 following an application filed with the US patent office.

With the patent, the smart contracts-powered platform can now bring more real world assets (RWAs) to the DeFi ecosystem. Specifically, dexFreight will now revolutionise the DeFi ecosystem by bringing tokenised NFTs of assets in the supply chain landscape. This will work via Roostock, an EVM-compatible Bitcoin layer 2 sidechain.

This patent represents an exciting opportunity to bring DeFi to the supply chain industry on a global scale. With this patent, dexFreight aims to facilitate lower-cost access to liquidity for small and medium size trucking companies in the US and abroad. For instance, in the trucking industry, drivers often have to wait for 30-45 days to receive payment for delivering a load. dexFreight’s innovative solution will usher in a new era of cheaper, faster, auditable, and traceable transactions in the supply chain industry,” said Rajat Rajbhandari, the CIO/CTO and co-founder of dexFreight.

dexFreight completed its first smart contracts-based truckload transactions on Roostock in October 2018. The company then entered into partnership with Centrifuge and MakerDAO as it looked to bring freight invoices NFTs to the market as part of providing liquidity and financing for trucking companies.  

The patent application followed the successful pilot of these initiatives in partnership with protocols on Rootstock, including Money on Chain and Sovryn.

The dexFreight technology allows industry players to turn supply chain invoices into digital tokens, which they can then use to get liquidity from decentralized pools. The automated process allows for faster and low-cost transactions for users

The post dexFreight granted patent to bring DeFi to the supply chain appeared first on CoinJournal.

SYS Labs acquires FortKnoxster, launches SuperDapp

SYS Labs announced Tuesday the acquisition of FortKnoxster.
FortKnoxster is a crypto-security company that secures and futureproof Web3.
SYS Labs will leverage its acquisition to launch an AI-powered social crypto dApp named SuperDapp.

SYS Labs said in a Tuesday press release it reached a deal to acquire cryptosecurity company FortKnoxster.

SYS, best known for creating infrastructure, dApps, and other tools to build layers of Web3, also launched an artificial intelligence powered social crypto dApp named SuperDapp along with a new utility token as part of the acquisition.

The merger details

SYS Labs’ merger with FortKnoxster will expand its Syscoin ecosystem into the cryptosecurity and decentralized social marketplace areas. SuperDapp, internally known as the “killer app”, will offer communication features common in social apps but will be designed for security-conscious crypto users.

The merger is in part based on “everything apps” that are common in many Asian markets, SYS Labs President Jagdeep Sidhu said in the press release. SuperDapp will “answer the need for many of these capabilities” when it is released in the second quarter.

FortKnoxster CEO & Co-Founder, Niels Klitsgaard commented:

The acquisition by SYS Labs is an exciting milestone for our company and validates the hard work our team has dedicated to building innovative technologies. This assimilation marks a new chapter for our potential, because SYS Labs has what it takes to ensure the future development, expansion, and awareness of our mission.

AMA to be held on Friday

The FortKnoxster team is hosting an ask me anything (AMA) event on Friday. Among topics to be discussed includes how existing holders of the FortKnoxster token FKX will be able to swap for the new SuperDapp token.

Beyond the AMA, SYS Labs and FortKnoxster will provide updates on the partnership and the security solutions it will provide to the cryptocurrency, blockchain, and decentralized social marketplace communities.

The post SYS Labs acquires FortKnoxster, launches SuperDapp appeared first on CoinJournal.

ROVI Network Integration Boosts Boba Network’s Transaction Volume at a Pace of Over One Million Transactions per Month on Boba BNB Layer 2

California, USA, April 4th, 2023, Chainwire

Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, announces that ROVI Network, a Web3 powerhouse building infrastructure and platforms to bring Crypto to the daily lives of billions of users, has officially launched on Boba Network’s Boba BNB L2 Chain. Boba BNB is the next-generation layer 2 scaling solution for Binance Smart Chain that will enable ROVI Network to improve the scalability and security of its ecosystem, providing users with fast and cost-effective transactions while maintaining the security.

Nitin Gupta, CEO of ROVI Network, said, “We are thrilled to have launched ROVI Network on Boba BNB, which is a significant milestone in our mission to provide a cost-effective, scalable, and secure platform for our users.” Gupta added, “We needed a partner that could handle scale and still be secure and cost-effective. Boba Network is matching our ambitions.”

“We are delighted to welcome ROVI Network to the Boba BNB ecosystem,” said a core contributor to Boba Network. “Boba Network will help ROVI Network enhance its platform and provide its users with fast, low-cost, and secure transactions with the ability to leverage the abilities of Hybrid Compute to make off-chain API calls.”

The integration with Boba BNB enables ROVI Network to leverage the power of Hybrid Compute technology, which brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.

ROVI Network is already a leading protocol in terms of the number of transactions and wallet holders on Boba Network. In March alone, there were 587,127 transactions on the Boba BNB layer 2, bringing the total wallet addresses to 12,716.

About ROVI Network:

ROVI Network is a Web3 powerhouse building infrastructure and platforms to bring Crypto to the daily lives of billions of users in the simplest ways. ROVI has built critical infrastructure including Non-Custodial MPC Wallet Infra, Gasless Transactions Infra, and 1-click On/Off Ramp Infra, embedded into a Crypto Super App platform, piggybacked upon already existing behavior of masses on WhatsApp Messaging, Payments and Gaming.

About Boba Network:

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1.

Contact

Tal Dotan, pr@marketacross.com

The post ROVI Network Integration Boosts Boba Network’s Transaction Volume at a Pace of Over One Million Transactions per Month on Boba BNB Layer 2 appeared first on CoinJournal.

Bitcoin price in “transition” even as non-zero balance addresses hit 45.4 million: Bitfinex report

The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million.
However, daily active addresses and daily confirmed transactions have fallen.
Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500.

Bitcoin price currently trends above$28,300, about 0.7% higher in the past 24 hours. The slight uptick follows the crypto market moving beyond rumours around a Red Notice warrant for Binance CEO Changpeng Zhao. 

Bitcoin’s resilience also comes after the market reacted upward on Twitter CEO Elon Musk’s move to replace the platform’s bird symbol with a Shiba Inu dog, a symbol for DOGE – the native token of the original meme crypto Dogecoin

DOGE price shot up more than 30% to above $0.1 for the first time since early December 2022.

Bitcoin growth outlook: non-zero balance wallets hit 45.4 million

Bitcoin continues to see huge demand as non-zero balance wallets grow to more than 45 million, according to details shared in the latest Bitfinex Alpha report.

But even as the benchmark cryptocurrency records a new high for small BTC holders , with this the fastest rate non-zero balance wallets have grown since early 2021, analysts commenting on Bitcoin price in the report suggest investors might have to be a bit cautious in the short term.

#Bitcoin‘s non-zero balance addresses reach new heights, although the number of active addresses on the Bitcoin network and the number of daily transactions have been dropping
This suggests the need to be cautious, and a market in transition 📈

— Bitfinex (@bitfinex) April 3, 2023

According to on-chain data, non-zero addresses count hit 45.388 million last week as Bitcoin price held above$27k to end the first quarter on a bullish note.

The jump in non-zero balance wallets marks a positive development for the network and for Bitcoin price, with this metric’s growth suggesting that more investors have recently entered the Bitcoin market. In any case, an increase in non-zero balance holders often points to new demand, particularly from small investors.

Yet, this positive outlook aside, other on-chain metrics suggest bulls may need to be cautious in the short term. As noted in the Bitfinex Alpha report, the market is in a transition and indecisive.

A transition state is characterised by choppy market conditions where the price consolidates in a tight range before trending in either direction. Despite an influx of new market entrants, the sustainability of this phenomena of both rapidly growing non-zero balances and tight range-trading for Bitcoin remains uncertain,” they noted.

BTC price – key on-chain metrics suggest weakness

Bitfinex analysts suggest that other metrics indicate Bitcoin price may continue to consolidate around $28 as both bulls and bears remain indecisive.

Among key on-chain metrics to watch are bitcoin network statistics related to daily active addresses and daily confirmed transactions. 

For instance, the 7-day moving average of daily active addresses recently dropped to levels last seen in late January. The number of confirmed daily transactions have also declined. 

In the past two weeks, the Bitcoin network recorded a 7-day average of 293,058 transactions with the figures on 30 March suggesting a 13% decline from data recorded on 8 March. The Bitfinex analysts commented on the two metrics:

While this is an inconclusive indicator in terms of bullish or bearish signals, daily activity and transactions decreasing for Bitcoin have always occurred at transitionary phases in the crypto market. They suggest indecision and an unsettling predicament for both bulls and bears.”

Bitcoin’s correlation with S&P 500 – is it rising again?

While bulls attempt to strengthen above $28k again, data shows BTC correlation with stocks is increasing after falling significantly in early March, with BTC price outperforming the major US indices over the month and year-to-date at the end of Q1, 2023.

However, per the Bitfinex report and as CoinJournal analyst Dan Ashmore highlighted last week, Bitcoin is on track to restore its correlation with the S&P 500 and the NASDAQ composite as its price continues to hover between $27k and resistance above $28k. 

Notably, the Pearson metric shows BTC/NASDAQ correlation is up to 0.61 while correlation with the S&P 500 reads 0.12. 

Any value above zero indicates a positive correlation and these figures suggest Bitcoin could trade more in lockstep with equity indices amid macroeconomic headwinds.

The post Bitcoin price in “transition” even as non-zero balance addresses hit 45.4 million: Bitfinex report appeared first on CoinJournal.

Peer-to-peer crypto exchange Paxful to suspend operations

Paxful will temporarily halt operations.
The exchange’s CEO however stated that they are not sure if it will resume operations.
This is the second peer-to-peer crypto exchange to shut down.

Paxful CEO Ray Youssef has published a post on the exchange’s website stating that the peer-to-peer (P2P) exchange will be suspending its marketplace. Ray went ahead to state that they are not sure if the exchange will resume operations.

This is the second popular P2P exchange to shut down in 2023 after LocalBitcoins announced shutting down in February.

Key staff departures and regulatory challenges

The CEO cited key staff departures and regulatory challenges in the post saying:

“This will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.”

The CEO said that the biggest priority at the moment is safeguarding customer funds and advised customers to withdraw where possible. He has gone ahead to recommend withdrawing to self-custody wallets like Exodus and Muun.

Ray also stated that Paxful will be offering an easy migration to other P2P alternatives for non-US customers. He highlighted three P2P exchanges namely Noones, Bitnob and Yellow Card.

The Paxful Wallet will however remain operational for customers to retrieve their funds.

The post Peer-to-peer crypto exchange Paxful to suspend operations appeared first on CoinJournal.

Retail holders are aggressively accumulating Bitcoin: Glassnode

Bitcoin shrimps have been aggressive as market participants ride positive sentiment to buy more BTC.
Glassnode data shows BTC shrimps’ 30-day net position change has only been higher on 116 other trading days.
Bitfinex analysts highlighted on Monday that Bitcoin’s non-zero balance addresses had risen to more than 45 million.

Retail holders, or crypto investors who own less than 10 bitcoin are aggressively adding to their portfolios, according to on-chain data provider Glassnode.

A look at the group of Bitcoin holders collectively termed as “Shrimps” shows that retail participation in the market over the past 30 days has been bettered only on 116 other trading days.

Shrimps with less than 1 BTC hold 1.29 million BTC

According to Glassnode, with BTC price currently below $30k, the Shrimps’ net position change as currently shown on-chain is only below 116 trading days. The cohort that holds less than 10 BTC in their wallets has a current 30-day change of 37 BTC/month. The total supply held by the cohort is 1.29 million BTC.

We can assess the 30d change to the supply held by the Shrimp class (< 1 BTC) to evaluate the intensity of retail participation. Currently, only 116 days have recorded a larger 30d change, suggesting retail participants are aggressively accumulating,” Glassnode tweeted.

Chart showing Bitcoin Shrimps net position change. Source: Glassnode

The platform had previously pointed to overall aggressiveness in the market, with the intensity of shrimp accumulation following Bitcoin’s recent price surge. BTC rising to highs near $29,000 in March had seen bullish projections for price to retest the $30,000 level amid a new macro uptrend.

With #Bitcoin price action continuing to climb towards the cycle baseline ($30K), market participants have responded by aggressively accumulating coins.

This underscores a similarity in structure between the current cycle and 2018-19 cycle.

📊 https://t.co/b1E5fiLnpQ pic.twitter.com/h1vq22ldqj

— glassnode (@glassnode) March 31, 2023

On Monday, crypto exchange Bitfinex released its Bitfiniex Alpha report, which we highlighted today. In the report, analysts pointed to growing demand for BTC among small investors, with those addresses with non-zero balances hitting a record 45.388 at the end of last month.

The post Retail holders are aggressively accumulating Bitcoin: Glassnode appeared first on CoinJournal.

Guarda Wallet and Simplex Launch Zero-Fee Crypto Purchases Promo in Europe

Lisbon, Portugal, April 4th, 2023, Chainwire

Guarda Wallet, a non-custodial crypto wallet, and Simplex by Nuvei, an industry-leading fiat-to-crypto on-ramp solution provider, have launched a promotional deal for zero-fee cryptocurrency purchases when paying with EUR. This means that European users can now buy BTC, ETH and LTC at no additional charge.

This joint promotion by Guarda Wallet and Simplex is available exclusively from 3 April to 9 April 2023. It applies only to Euro-denominated transactions (EUR). Furthermore, it is a great opportunity for beginners and experienced traders in Europe to enrich their crypto portfolio with Bitcoin, Ethereum and Litecoin.

To take advantage of this limited-time offer, users can visit the Guarda Wallet website or download the app. Crypto enthusiasts are encouraged to take advantage of this promotion to enhance their digital asset portfolio.

About Guarda Wallet

Guarda Wallet is a multicurrency, non-custodial wallet that allows users to manage over 400,000 assets across 60+ major blockchains. The wallet is available as a desktop, mobile, and web-based application. Since it is a non-custodial wallet, it does not store users’ private keys on its servers, which gives users complete control over their assets. Guarda’s user-friendly interface provides easy access to all the wallet’s features, such as Buy, Exchange, Staking, Crypto Loans, Token Generator, and more.

One of the main advantages of Guarda Wallet is security. The wallet employs various security features to protect users’ funds, including encrypted private keys, backup files, multi-signature, and biometric authentications for mobile applications.

About Simplex

Simplex is a global payment processing service that enables users to buy digital assets with credit/debit cards, bank transfers and multiple alternative payment methods. The platform supports multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many others.

Simplex offers a streamlined process for buying cryptocurrencies, eliminating the need for lengthy signup processes and tedious verification requirements. Users can complete transactions quickly and easily within minutes.

Contact

Marketing Manager, Rina Dyom, Guarda Wallet, rina@guarda.com

The post Guarda Wallet and Simplex Launch Zero-Fee Crypto Purchases Promo in Europe appeared first on CoinJournal.

Shiba Inu price prediction as Dogecoin goes vertical

Shiba Inu is hovering near the highest level since March 14.

It rose after the strong performance of Dogecoin after Twitter’s logo change.

Shiba Inu price made a strong comeback on Monday and Tuesday as investors reacted to the major Dogecoin comeback. It rose to a high of $0.000011, the highest point since March 14. The token has jumped by over 18% from the lowest point in March.

Dogecoin leads meme coin rally

The most important cryptocurrency news was the decision by Twitter to change its logo to a Shiba Inu logo. Shiba Inu is the logo of Dogecoin and is also the inspiration behind Shiba Inu’s token. 

The logo change brought more enthusiasm in the meme coin industry, with Dogecoin price surging by more than 30%. This was notable because most cryptocurrencies, including Bitcoin and Ethereum have been moving sideways in the past few days.

Historically, meme coins tend to have a close correlation with each other. This explains why other popular meme coins like Dogelon Mars, Baby Doge, and Floki Inu jumped.

However, it is unclear whether Twitter’s logo change will have an impact on Dogecoin and other meme coins in the long term. It is also unclear why Elon Musk, Twitter’s CEO, decided to change the logo. At the time of writing, the logo has gone back to the original one.

The other main catalyst for the Shiba Inu price is the latest developments on Shibarium. Shibarium is the next-generation layer-2 network that will improve Shiba Inu’s ecosystem. The developers launched the beta version of Shibarium in March and is now going through testing.

Data compiled in the Block Explorer showed that there are now over 100k wallet addresses. It has also handled over 828k transactions. While this is a good number, it is substantially smaller than the hype. At the same time, the number of blocks produced has risen to over 209k.

Shiba Inu price prediction

The 4H chart shows that the SHIB crypto price has been in a bullish trend in the past few days. The coin has moved above the ascending trendline shown in blue. It also moved above the 25-period and 50-period moving averages. 

It has also jumped above the 23.6% Fibonacci Retracement level and the resistance point at $0.000011, the highest point on March 18. Therefore, there is a likelihood that Shiba Inu price will likely have a bullish breakout as buyers targeted the next key resistance point at $0.00013, the 50% retracement point.

How to buy Shiba Inu

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


Buy SHIB with Bitstamp today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy SHIB with Binance today

The post Shiba Inu price prediction as Dogecoin goes vertical appeared first on CoinJournal.

Voyager wants Binance.US legal fight resolved by April 13

Key takeaways

Binance.US’s acquisition of Voyager Digital is on hold until the legal battle with the exchange has been resolved.

Voyager wants the legal fight to be resolved by April 13, as creditors stand to lose $100 million due to the delay.

Binance is facing a lawsuit in the United States after the CFTC accused it of improper compliance procedures and trading.

Voyager wants Binance.US’s legal fight resolved soon

Bankrupt cryptocurrency lending firm Voyager Digital wants the legal fight with Binance.US to be resolved by April 13th, or its creditors stand to lose $100 million. This is according to legal documents filed late Monday night. 

Binance.US and Voyager Digital had agreed to a $1 billion acquisition deal prior to Binance’s legal case in the United States. 

Last month, Michael E. Wiles, United States Bankruptcy Judge at the Southern District of New York court, denied the US government’s request to halt Binance.US’ acquisition of Voyager, citing the impact this is having on customers of the bankrupt crypto lender.

Voyager Digital now believes that the ongoing legal delays could see Binance.US pull out of the deal to acquire the firm. The embattled crypto lender’s creditors wrote;

“Consummation of the plan by April 13 is necessary to preserve massive creditor value. The evidence is uncontroverted that, if the deal is not completed, Voyager’s creditors will lose roughly $100 million in value.”

Voyager Digital stated in another filing to the U.S. Court of Appeals for the Second Circuit that there would be a  price tag of $10 million per month if the delay continues. If that happens, over a million of its customers would not have access to their savings.

Binance.US could back out of the deal 

 According to the original terms of the agreement signed in December and approved by bankruptcy judge Michael Wiles in March, Binance.US can back out of the deal if it is not concluded within four months. 

However, the US government lawyers continue to argue that the detailed terms of the contract would effectively absolve the company from breaches of tax or securities law.

This resulted in District Judge Jennifer Rearden putting the deal on hold last week while the issue was settled. 

The legal battle also comes as Binance, the parent company of Binance.US and its CEO, Changpeng Zhao (CZ), face another lawsuit in the United States.

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and CZ last week, accusing the exchange of offering crypto trading services of commodities (Bitcoin, Ether, Binance USD, Tether and Litecoin), without proper registration.

However, CZ rejected the allegations made against Binance and himself. He called 

CFTC’s claims incomplete recitation of facts.

On March 3, CZ tweeted that Binance.US could pull out of the deal to acquire Voyager Digital due to the legal delays.

We are still in support of the deal and helping returning funds to users as quickly as possible, if allowed to do so. 🙏

— CZ 🔶 Binance (@cz_binance) March 3, 2023

The post Voyager wants Binance.US legal fight resolved by April 13 appeared first on CoinJournal.

Could Ripple Rally After a Positive SEC Ruling? Comparing Metacade and XRP Price Predictions for 2023-2030.

The XRP price prediction suffered recently after its parent company, Ripple, was the subject of a high-profile lawsuit with US regulators. However, recent news has come to light that could boost the long-term prospects of Ripple and XRP.

Elsewhere in Web3, Metacades’ (MCADE) announced that it will launch on several digital asset exchanges after seeing major success during the MCADE token presale. Investors are bullish on the future of both XRP and MCADE – but which token is the best buy right now? 

Bullish developments for Ripple and Metacade

Ripple (XRP) has received positive news regarding its ongoing court case with the Securities and Exchange Commission (SEC). The SEC filed charges against Ripple in 2020 on the grounds that XRP, the digital asset that was created by Ripple, is an unregistered security as opposed to a cryptocurrency.

Monica Long, president of Ripple, told CNBC that she is “very hopeful” that there will be a positive outcome from the SEC trial later in 2023. The positive news caused a surge in the price of XRP, as the token climbed over 30% in a single day.

The long-term XRP price prediction has improved due to recent rumors. Meanwhile, Metacade continues to make great strides as the project has announced that the MCADE token will be released on UniSwap on 6th April.

Metacade is fresh from a highly successful presale event in which $16.35m was raised from early-stage crypto investors. The UniSwap IDO will be followed by two CEX listings: Bitmart in April and MEXC in early May. 

What is XRP?

XRP is a digital asset that was created by a US-based FinTech company called Ripple Labs. The token was designed to act as a bridge for international transactions, offering a high-speed and low-cost alternative to traditional payment methods.

XRP is built on a decentralized network that is not controlled by any one entity. While it can be used by financial institutions to provide instant liquidity for cross-border transactions, XRP is also the native currency of the XRP Ledger. This decentralized blockchain network can support the development of decentralized applications (dApps).

XRP price prediction: Can XRP reach $1 in 2023?

Any positive outcome from Ripple’s court case with the SEC is widely considered to produce a massive amount of buy pressure for the XRP token. The cryptocurrency has real-world utility, and its network has been adopted by major financial institutions already, including The Bank of England and Santander.

The long-term XRP price prediction places XRP at $4.20 as long as the SEC case reaches a positive conclusion in the near future. In 2023, investors can expect significant price action as the short-term XRP price prediction targets the $1 resistance level.

What is Metacade?

Metacade is a comprehensive GameFi platform offering the largest collection of play-to-earn (P2E) arcade games found on the blockchain. While most GameFi platforms offer only a single gameplay experience, Metacade offers a vast selection to gamers alongside generous cryptocurrency reward potential.

Metacade also aims to become a central hub for Web3 users by introducing several unique earning mechanics to the metaverse. The project takes the P2E mechanic to the next level and can serve investors, entrepreneurs, and gamers alike through its broad blockchain offering.

How does MCADE work?

The MCADE token is used to reward gamers in the metaverse arcade. Token holders can also stake MCADE on the platform to earn a passive yield and vote in governance proposals to help achieve consensus in the community-led project.

The metaverse arcade will offer both casual and competitive gameplay to blockchain gaming enthusiasts. Players can play solo and earn rewards while trying to beat their high score or join paid entry tournaments for the chance to win significant crypto prizes.

Metacade will also reward content creators with community contributions through the Create2Earn feature. This element of the platform will reward users with MCADE tokens as they post game reviews, share alpha, and interact with other community members’ posts.

The project will advertise open positions through a crypto jobs board as part of the Work2Earn feature. Work2Earn will connect blockchain users to paid roles at some of Web3’s hottest start-ups and can even include one-time gigs, such as testing out new P2E games before they are officially released.

Can MCADE reach $0.50 in 2023?

The MCADE token presale has generated significant momentum for the new project, which is expected to produce significant returns from the current price level. MCADE will soon launch on various digital asset exchanges after the presale saw the token’s price rise from $0.008 to $0.02.

By the end of 2023, MCADE is expected to reach the $0.50 price level – a 22x gain from the end of the token presale. Speculators are overwhelmingly bullish about the project’s future prospects, as it has a unique value offering within the GameFi movement and extensive utility for the native token.

MCADE vs. XRP price prediction: Which token is worth buying?

As the SEC trial nears an end, the XRP price prediction could explode over the coming months and years. On the other hand, MCADE is one of the most exciting new projects in the GameFi space, a highly disruptive development for the wider gaming industry.

Both the MCADE and XRP price predictions forecast significant returns from the current price level. Metacade is likely to produce a higher percentage return due to the project being in its early phase. The upcoming exchange listings could be the perfect time to add MCADE to a long-term investment portfolio. 

You can buy Metacade here.

The post Could Ripple Rally After a Positive SEC Ruling? Comparing Metacade and XRP Price Predictions for 2023-2030. appeared first on CoinJournal.


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