The Web3 gaming market took a substantial hit over the last week. However, Metacade ($MCADE) defied the gravity and recorded a 10.09% increase in value, standing out against a broader market decline. Notably, tokens with a market cap over $100 million saw a collective drop of approximately 15%, while smaller-cap tokens experienced consistent downward movement. In contrast, Metacade’s growth resisted the trend and attracted significant investment from a new whale, acquiring over 6 million $MCADE tokens.
When investors discover Metacade’s fundamentals…Gaming — Last 7 Days $100M+ MC tokens – down 15% on average Micro Caps ($10M) – ranging down $MCADE – up 10.09%We also welcomed a brand new $MCADE holder yesterday who aped into 6M+ $MCADE pic.twitter.com/btBLkUM5c8
— MCADE METACADE (@Metacade_) November 1, 2024
Among the steep losses were $HMSTER, which dropped 21%, and Immutable X ($IMX) declined by 18.86%, and SAGA decreased by 18.80%. However, Metacade’s MCADE token posted a surprising 16.12% gain, emerging the best-performing gaming token of the week, according to data from CoinMarketCap.
Metacade $MCADE Gains Momentum with Innovative Infrastructure
Metacade was established in 2023 and adopted an infrastructure position to support game developers and players. This rapid rise is attributed to Metacade’s market-first innovations, which include a token utility tournament engine and AI-powered B2B solutions.
The Metacade platform has attracted over 80 Web3 projects, signaling a robust demand for its comprehensive services. By focusing on community-driven development, Metacade offers tools adapted for Web3 gaming, including test-play tournaments, blockchain integration services, white-label gaming solutions, and developer grants.
This extensive toolkit empowers developers with resources and creates engaging experiences for players. Furthermore, Metacade’s platform has gained increased exposure following the launch of its MCADE token on Coinbase Wallet, which supports user engagement.
Driving Web3 Gaming Innovation with Tokenized Solutions
Metacade focuses on tokenized solutions, which are characteristic of a growing trend in the gaming industry. The $MCADE token serves several purposes in Metacade, it rewards players and offers game creators opportunities to make money.
Its tournament engine incentivizes gameplay and bridges a gap for developers seeking to reach engaged audiences within the Web3 community. This model has bolstered Metacade’s appeal, distinguishing it as a forward-thinking leader in the gaming sector.
