Dogecoin is, alongside Bitcoin, likely one of the cryptocurrencies even your parents or grandparents have heard of. It dominated headlines in 2021, but after a dramatic decline during the 2022 bear market many crypto investors asked: “Will Dogecoin recover?” While the definitive answer remains uncertain, a new project called Metacade is drawing attention within the Dogecoin community.
In this article we will examine the question: “Will Dogecoin come back?” and explain why Metacade could soon outpace the largest meme coin.
Will Dogecoin (DOGE) make a comeback? Likely yes
Dogecoin (DOGE) entered the mainstream in 2021 after a series of high-profile tweets from Elon Musk pushed DOGE to astonishing highs. The meme token even received a recent nod in an episode of Rick and Morty. But those who missed Dogecoin’s 2021 surge have been left wondering: “Will Dogecoin rally again?”
Although Dogecoin has limited real-world utility, it has retained popularity among crypto investors and some tech firms. For example, Google reportedly announced plans to accept Dogecoin for cloud service payments, according to FxStreet.com. With DOGE trading far below its $0.74 all-time high—around $0.058 in October 2022—investors who remain confident in the meme coin could potentially be rewarded if market conditions turn.
Can we say for certain that Dogecoin will rise again? Not with absolute certainty. However, Dogecoin still commands a loyal following and remains deeply discounted from its peak, so there is a strong chance DOGE could climb again during the next crypto bull market.
What is Metacade (MCADE)?
Metacade positions itself as a community hub at the center of the coming gaming revolution. The platform brings together players, crypto investors, Web3 enthusiasts, developers, and entrepreneurs to explore the expanding world of GameFi.
Metacade’s primary goal is to become a driving force in the GameFi industry. It aims not only to be the go-to destination for learning about and earning from Play-to-Earn, but also to support top developers and help players find paid opportunities that align with their passions.
Why are investors interested in Metacade (MCADE)?
A community-first vision
The Metacade team recognizes the powerful role gaming communities play across the industry. Simply put, without community there is no gaming industry. That belief places community-building at the heart of Metacade’s strategy. Whatever brings users to the platform, Metacade intends to deliver meaningful value at every step.
Giving value back to players
A key element of Metacade’s plan is to ensure users directly benefit from the value they create on the platform. Traditional platforms often rely on users to review, share, or help one another without compensating them, capturing that created value for themselves. Metacade takes a different approach: if you publish a review, share alpha, or create content that helps others navigate GameFi, you will be rewarded with MCADE tokens for your contributions.
Funding community-backed games
Rewarding users is only the beginning. In 2023 Metacade launched Metagrants, a mechanism that lets the community decide which games should be developed. Developers submit ideas into a contest that Metacade users vote on, and winners receive funding from the platform treasury. Winning teams can also use Metacade’s built-in testing environment to collect feedback from the most engaged users.
Work and play on the same platform
Metacade offers many ways to boost Play-to-Earn income, and its planned job board (slated for 2024) could provide sustainable income opportunities for gamers. Through Metacade, users can find roles ranging from a few hours of game testing per week to senior development positions at leading Play-to-Earn studios. Even if your skills lie elsewhere, Metacade aims to provide opportunities that match diverse talents.
Transitioning control to the community
Eventually, Metacade plans to transition into a decentralized autonomous organization (DAO). At that point the core Metacade team will step back and hand governance to community members. When this transition completes, the community will have full autonomy and the potential to create the world’s first player-owned virtual arcade.
Will Dogecoin (DOGE) recover? Could Metacade (MCADE) outgrow it?
As discussed, Dogecoin’s chances of rising again are plausible. However, for DOGE to return to the spectacular gains seen in 2021, it likely would require similarly intense hype—or more—to drive another rally. That is possible, but relying on the same viral dynamics that propelled Dogecoin in the past is uncertain.
Meanwhile, Metacade has the ingredients to experience a comparable, even greater, rise. Unlike meme tokens, Metacade offers tangible utility and a roadmap focused on building an engaged community, funding games, and enabling monetization opportunities for players and developers. Whereas Dogecoin’s movement was largely speculative, Metacade’s growth would be tied to the expected expansion of the GameFi sector in the coming years. If Metacade follows a trajectory similar to Dogecoin’s breakout, it could surpass DOGE and become one of the most talked-about tokens in 2023.
In short: will Dogecoin rise again? Probably—but not necessarily as much as Metacade.
You can buy Dogecoin on eToro here.
You can join the Metacade presale here.