• The great cryptocurrency crash of 2022 was caused by the collapse of FTX and mismanagement of user funds by Sam Bankman-Fried.
• Metacade (MCADE) is a new Web3 project that could potentially be the best investment of the year.
• Investors should consider Metacade as a potentially profitable investment despite the market conditions.
The crypto market has been rocked by the great cryptocurrency crash of 2022. It has been a year of turmoil, with Bitcoin (BTC) losing over 75% of its value and many altcoins, such as Axie Infinity (AXS), Shiba Inu (SHIB), and Avalanche (AVAX), suffering through a 90% reduction in price since reaching their all-time highs in 2021.
The crash was caused in no small part by the collapse of FTX, which was the second-biggest centralized exchange (CEX) at the time. The insolvency of FTX was caused by treasury mismanagement from Sam Bankman-Fried (SBF) and the embezzlement of user funds through Alameda Research, a hedge fund under SBF’s control. This caused the entire market to drop even further after FTX and Alameda went bust in November 2022.
In spite of the market conditions, Web3 continues to grow, with new projects such as Metacade (MCADE) reflecting the level of innovation that can be found in the space. MCADE is a blockchain-based gaming platform that allows users to play, earn, build, and connect in a safe and secure environment. The project has a strong focus on player-created content, allowing users to create and monetize games, modding tools, and virtual worlds.
MCADE could be the year’s best investment, as the project has the potential to become a major player in the Web3 space. Investors should consider MCADE as a potentially profitable investment despite the market conditions. The project has already raised over $50 million in private funding and is set to launch its public presale in the near future.
The crypto market is still volatile, but there are still opportunities for investors to make money. MCADE is an example of a project that could be a strong investment despite the market conditions, and investors should take the time to research the project and decide whether it is the right investment for them.