[ad_1]

The sandbox was one of the first movers of the crypto metaverse, but its epic dip during the 2022 bear market has disappointed some investors. Are you wondering what this leading metaverse token has in store? Below, you will find The Sandbox price forecast for 2023 and learn about Metacade – a project that many predict could significantly outperform SAND this year.
Sandbox (SAND) failed to attract players
Sandbox is an Ethereum-based virtual world where users can actually own and monetize their creations. Set in an open world sandbox, this platform lets players explore their creativity and use a selection of tools to create an immersive experience for others to play.
Sandbox uses NFTs to represent in-game assets, such as LAND and ASSETS, allowing them to be bought and sold on the open market. It is one of the leading metaverse crypto projects, alongside Decentraland, which saw a spike in the SAND token price after Facebook, now Meta, announced its foray into the metaverse.
However, the hype fizzled out during the bear market of 2022, sending SAND prices plummeting. After hitting a high of $8.48 in November 2021, SAND recently hit a low of $0.37 – a drop of around 95.6%.
This is partly due to a lack of adoption by regular players. Since early 2021, The Sandbox has struggled to attract more than 1,000 users per day for a sustained period, often with just a few hundred (DappRadar) users. Contrast that with traditional metaverse games like Roblox and Fortnite, which have millions of daily active users, and The Sandbox seems overrated.
Sandbox Price Forecast (SAND).
SAND has had a bit of a renaissance in January. After hitting a low of $0.37, SAND has climbed to a high of $0.71 in about two weeks. However, this area is expected to pose significant resistance, according to The Sandbox price forecast. In the short term, many of The Sandbox’s forecasting experts have set a target as low as $0.54. In the longer term, some analysts predict that SAND could drop to $0.24 if the number of users does not increase soon.
Metacade (MCADE) sets the standard for the gaming community
Metacade is a play-to-earn (P2E) community hub that, like The Sandbox, aims to revolutionize in-game ownership. Instead of giving players ownership of their in-game assets, Metacade empowers them to truly own the communities they call home.
Basically, Metacade has everything you’d expect from a social gaming platform, such as forums, reviews, game leaderboards, and tournaments. However, by leveraging the benefits of crypto and decentralization, it is hoped that it will start a new paradigm in the way social platforms are operated.
For example, the Metagrant scheme is launching later this year. Metagran gives MCADE holders a vote to determine which game developers should be awarded funding from Metacade’s treasury. Dozens of developers will go head-to-head to battle for the most votes in each Metagrant competition, with the winner being awarded funding to build their vision. They even have the opportunity to use the Metacade native test environment to receive feedback on their gameplay from their loyal supporters.
These community-supported titles are then added to the Metacade virtual arcade for anyone to play. With the potential to be in charge of creating some of the best P2E games the world has ever seen, Metacade would soon be in the spotlight if only one game was launched.
In 2024, Metacade will be a decentralized autonomous organization (DAO) and complete the final step to become the world’s first player-owned virtual arcade. From here, the direction of the project will be determined by the community, with collective members taking a leadership role. They will be able to decide which upgrades to apply, whether to accept new partnerships, and even set the token supply burn rate – a move that could continue to increase the price of MCADE over time.
Metacade Price Forecast (MCADE).
Compared to The Sandbox’s estimated price, Metacade is expected to outperform SAND this year. The MCADE token presale was a huge success, selling over $1.12 million in the beta sale. Currently, in phase 2 of its presale, Metacade has raised over $3.2 million while the MCADE token has increased 50%, as planned, to $0.012 from its initial price of $0.008. By the time the presale concludes, it is expected to go as high as $0.02, which means that early investors could be up 150%!
With the GameFi industry likely to make significant strides in 2023, Metacade could be the hottest P2E token out there. Analysts have started pricing in $0.20 by the end of the year, with some even predicting it could be as high as $0.50 – up 2,400% from the projected final presale price.
Metacade (MCADE) seems to have outperformed The Sandbox for sure
At this point, it is clear that MCADE is a better investment choice than SAND. Although The Sandbox has pioneered a crypto-based metaverse, the lack of adoption is unlikely to change anytime soon. This is why so many of The Sandbox’s price forecasters predict that reclaiming the $8 zone is a nearly impossible target over the next few years; there are not enough requests.
Meanwhile, Metacade has everything to gain and almost nothing to lose. Its MCADE token presale has already attracted thousands of investors and a lot of media attention, and it looks like the $3.2 million raised so far is just the beginning. If you are thinking about investing in SAND – stop. Take a moment to flip through Metacade white paper and see why some are calling it the best P2E token of 2023.
You can purchase The Sandbox (SAND) on eToro here.
You can participate in the Metacade presale here.
[ad_2]
Source link