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Web3 is an ever-expanding industry, and cryptocurrency price dynamics tend to favor projects that can adapt to a rapidly changing environment. ETC is a classic example of a project that has been left behind due to its inability to scale to the rest of the industry, resulting in pessimistic price predictions for the Ethereum Classic token.
In contrast, the latest Ethereum blockchain (ETH) continues to grow. The two Ethereum chains have some key differences, including ETH being home to fast-growing projects like Metacade.
Ethereum Classic (ETC) A cryptocurrency created as a result of a fork of the Ethereum blockchain. Unlike Ethereum (ETH), Ethereum Classic does not support the use of smart contracts. Since ETC is not Turing complete, developers cannot create decentralized applications (dApps) on the Ethereum Classic blockchain, which has always put negative pressure on Ethereum Classic price predictions.
Ethereum Classic retains the original Ethereum blockchain, so it is often referred to as the “Original Chain of Ethereum.” After the Ethereum hard fork in October 2016, Ethereum Classic was kept online by nodes around the world. This means that crypto users will be able to conduct transactions on the Ethereum Classic network even though the Ethereum mainnet has moved in a different direction over the past six years.
Recently, the Ethereum mainnet switched from a proof-of-work consensus mechanism to a proof-of-stake. This has reduced network infrastructure support costs. ETH is now Proof of Stake, while ETC remains a Proof of Work blockchain. As a result, Ethereum Classic is slow to run with a 14-second block time and high transaction fees due to its energy-intensive mining system, making it expensive to run.
The current price for ETC is $25.19.ever since Ethereum Classic is the oldest Ethereum chain It also has much lower transaction activity than Ethereum mainnet due to the limitation of not being able to support dApps. With fewer people buying tokens, the price of ETC is now a fraction of ETH. Ethereum Classic’s price forecast assessment is poor by analysts looking at the medium- to long-term outlook.
Despite this, Ethereum Classic has a market cap of over $3 billion. However, Chain’s lack of functionality in his Web3 world means it has less growth potential in the long run. When trying to choose the correct Ethereum Classic price prediction, it is important to consider the situation from a development perspective. For developers looking to build exciting digital services using blockchain technology, Ethereum Classic is not an option.
The expected outcome is that while new projects built on ETH continue to capture value, Ethereum Classic price predictions show ETC to fall further in the future. It all boils down to utility.
ETC’s price action lacks functionality, leaving a lot to be desired, but one of the tokens that continues to impress is MetacadeBuilt using the latest Ethereum blockchain, the project offers a wide range of utilities for crypto holders looking to get the most out of Web3’s user experience.
Metacade aims to support the expansion of GameFi as a core sector of blockchain technology. This is a community-driven initiative that rewards crypto natives for contributing value to the ecosystem, among many other exciting features that are garnering widespread interest.
Metacade is a broad gaming platform intended to support expansion of GameFi. Play-to-Earn projects are revolutionizing the gaming industry, allowing players to earn financial rewards for their time spent in-game. This is the main reason why many predict the GameFi sector has high growth potential over the next few years, with Metacade positioning itself as a key player.
Lots of exciting new products P2E Projects are being developed and the scope of what is possible in the metaverse is constantly expanding. As blockchain technology becomes more sophisticated and the world becomes more and more digital, millions of people are expected to jump into the Metaverse to enjoy the hottest new Play-to-Earn games. .
Metacade directly supports this expansion through its Metagrants program. The community will decide which new GameFi projects they see as the most promising and vote to fund development teams directly using Metacade funds. Metacade’s purpose is to foster the growth of Play-to-Earn games. For innovative developers with exciting new ideas, this is a very valuable service. As a result, the Metacade ecosystem has the potential to become a hub for technological advancement, pushing boundaries and securing a new supply of great titles.
Metacade not only supports the continued development of blockchain-based games, but also offers some unique features to P2E gamers with its own metaverse scope. An active member of the Metacade community can earn his MCADE rewards for his contributions. This includes sharing tips, tricks and helpful knowledge on how to optimize your GameFi playing experience.
The gaming community is at the heart of Metacade’s future plans. This project aims to connect avid gamers with the best Play-to-Earn opportunities, creating a virtual arcade where users can collaborate and share insights. Power is returned to the community as players can share their suggestions directly with the game developer and earn her MCADE tokens in the process.
Ethereum Classic continues to hold its price above $20, but investors are backing projects that support the Web3 ecosystem, showing a relatively negative outlook on Ethereum Classic’s price forecast. .
Meanwhile, Ethereum mainnet is still the most used network for decentralized applications, and people are bullish about the long-term future of dApps themselves. We believe ETH is far superior to any Ethereum Classic price prediction currently available. There are good reasons for this. It’s an upcoming project.
A prime example of a project likely built on Ethereum is Metacade. By supporting GameFi’s expansion and offering special perks to his P2E players in an immersive digital world, Metacade is an attractive option for long-term cryptocurrency investors.
MCADE presale starts at $0.008 per token. Long-term potential is high, with the price of each token increasing as it goes through the pre-sale phase. In contrast, ETC continues to experience slow growth as the latest Ethereum blockchain offers a much improved user experience.
You can buy ETC with eToro Here.
You can participate in the MCADE presale Here.
