Metacade Set to Outperform The Sandbox: Could MCADE Be the Next Big Crypto Project?
• The Sandbox (SAND) is a virtual world built on the Ethereum blockchain that enables users to own and monetize their creations.
• The SAND token has seen a significant decline in price during the 2022 bear market, with a high of $8.48 in November 2021 and a low of $0.37 in January 2023.
• Metacade (MCADE) is a project that many have predicted could significantly outperform SAND this year.
The Sandbox is an Ethereum-based virtual world where users can express their creativity and truly own and monetize their creations. The platform is a sandbox experience, offering a variety of tools to generate immersive experiences for others to play. To represent in-game assets such as LAND and ASSETS, The Sandbox utilizes NFTs which can be bought and sold on the open market. It is one of the leading metaverse crypto projects, alongside Decentraland, and had seen its SAND token spike in price after Facebook, now Meta, announced its foray into the metaverse.
However, the hype fizzled out during the 2022 bear market, sending the price of SAND plummeting. After reaching a high of $8.48 in November 2021, SAND has recently made a low of $0.37 – an approximate 95.6% decline. This is partly down to a lack of adoption by regular players. Since the start of 2021, The Sandbox has seen a consistent drop in the number of players, with the game only reaching a peak of 10,000 players at its highest point.
As a result of this, many investors have been left wondering what will happen to the SAND token. While the future of the token is still uncertain, there is one project that many have predicted could significantly outperform SAND this year – Metacade (MCADE).
Metacade is a decentralized gaming platform built on the Ethereum blockchain. It allows developers to create and monetize custom games, and for players to participate in tournaments and earn rewards. It is different from The Sandbox as it focuses more on the gaming aspect of the metaverse, and has already seen a surge in the number of players since its launch in December 2021. The project has also seen a steady uptick in the number of developers creating games for the platform, which will likely result in more games and players in the near future.
Given that The Sandbox has failed to attract players, while Metacade is seeing an increase in engagement, many have predicted that MCADE will significantly outperform SAND this year. The project is still in its early stages, however, and investors should always do their own research before investing in any cryptocurrency.
