2023-2-16 17:06 |
Recently, many reputable sources have been making bold claims about the future potential of the gaming market. Consequently, many analysts have begun reexamining their price predictions for some of the crypto market’s best gaming tokens.
In this article, you’ll discover Axie Infinity price predictions and forecasts for Metacade and Shiba Inu over the next few years.
What are the gaming market projections?It’s no secret that gaming has exploded over the past decade. Especially during the pandemic, consumers have flocked to the gaming industry for its immersiveness, interactability, and social elements. However, by the decade’s end, gaming is expected to reach dizzying heights.
Here are some key projections you should know about:
Gaming: As per research by PricewaterhouseCoopers, the gaming industry’s revenue is expected to be worth $321 billion by 2027, while GlobalData puts it at $470 billion by 2030. Mobile Gaming: In the same report, GlobalData estimates that mobile online gaming will make up over half of this revenue. GameFi: While still in its infancy, experts expect that the GameFi market will be at $50 billion by 2025, advancing at a 100% annual growth rate from $1.5 billion in 2021. Similarly, the sector is forecast to grow at 10x the rate of traditional gaming over the same period. Axie Infinity (AXS) set the standard for Play-to-Earn in 2021Axie Infinity is a play-to-earn (P2E) mobile game that took the world by storm in 2021. Benefitting from its Pokémon-esque gameplay, Axie Infinity’s AXS token rocketed as players looked to build their teams of Axies and profit from their time spent playing the game.
In short, Axie Infinity allows players to buy Axies, represented as NFTs, and use them in battle against other players. The winners are rewarded with Smooth Love Potion (SLP), which can then be traded for fiat. Despite falling out of the spotlight during the 2022 bear market, Axie Infinity price predictions have been raised as investors weigh the consequences of the projected gaming market growth for P2E games.
Axie Infinity (AXS) Price PredictionAXS is the primary investment vehicle for Axie Infinity. It reached a high of $166.09 in late 2021 and has since tumbled to below $10. Many Axie Infinity price predictions for the next couple of years placed AXS at a maximum of $43. Multiple analysts have since revised these upward to an average of $79 by 2025.
Metacade (MCADE) could benefit massively from GameFi growthMetacade is a community hub that aims to be Web3’s primary destination for P2E gaming. Its goal is to create a fun virtual hangout where players can make the most out of everything GameFi and Web3 have to offer.
For instance, Metacade features a virtual arcade filled with the best P2E titles, spaces for reading the latest GameFi alpha shared by the industry’s top minds, and an innovative reward system that compensates users with MCADE tokens for their contributions to the community.
In particular, Metacade intends to put the power back into the hands of the players with the Metagrant scheme. Metagrants enable the community to direct the treasury’s resources toward game developers by voting on which games they want to see built. In addition, it’s launching a job and gig board for its users to find work in Web3 and even plans to turn the community into a decentralized autonomous organization (DAO) once the platform’s development is complete.
Metacade (MCADE) price predictionGiven the need for community spaces in GameFi, Metacade has seen some incredible price predictions made, despite its MCADE token still being in presale. Launching on exchanges at $0.02, analysts had previously set their targets for $0.10 by the end of 2023.
However, after researching the projected growth of the GameFi industry, some of these predictions have been placed as high as $0.50 by the end of this year. By 2025, some have been calling for $2, offering 100x returns for investors that got in at the end of the presale. These figures far outweigh the Axie Infinity price predictions offered by many experts.
Shiba Inu (SHIB) has been growing its online gaming ecosystemShiba Inu, the Dogecoin rival, seems like an unlikely candidate to benefit from the growth of the gaming market. But despite its humble beginnings as a simple meme token, the Shiba Inu ecosystem has grown to include a layer-2 scaling solution, an NFT collection, and Shiba Eternity – a P2E mobile game where these NFTs can be used. With more games in the works, like SHIB: The Metaverse, the SHIB token could stand to benefit from the ecosystem’s growth.
Shiba Inu (MCADE) price predictionSimilar to the Metacade and Axie Infinity price predictions, SHIB has seen its price forecasts increase as market analysts bet on the future of online gaming. Many had predicted that SHIB would see at least $0.00003, almost triple its current price of $0.000011. However, these predictions have now risen to around $0.000054.
Which project should you invest in?As the gaming market grows as a whole, it’s likely that GameFi adoption will only accelerate. While Axie Infinity and Shiba Inu certainly stand to benefit, Metacade will likely see the most upside. Besides the fact that community spaces are vital to gamers, it isn’t dependent on any game’s performance, like Axie Infinity or Shib Eternity. Instead, it is expected to grow as the industry expands.
If you think Metacade could be GameFi’s biggest winner, consider getting involved early in the MCADE presale. Right now, it’s worth $0.014 in stage 4 of the presale, with this number expected to climb to $0.02 as more investors flood in. Millions of tokens have already been sold just 11 weeks after the presale’s launch, and time is quickly running out to grab tokens at these low prices. Don’t wait around – you might just miss your chance.
You can participate in the Metacade presale here.
The post Online gaming market projections boost Axie Infinity (AXS) price predictions, Metacade (MCADE), and Shiba Inu (SHIB) follow suit appeared first on Invezz.
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