• Metacade (MCADE) price has jumped by 275% since going public in April this year.
• The Federal Reserve recently hiked interest rates, which could benefit cryptocurrencies like Metacade.
• There are other important news that could push the token higher, such as an increasing number of MCADE holders.

Overview

Metacade (MCADE) price has jumped by 275% from its all-time low since going public in April this year, making it one of the best-performing cryptocurrencies in the world. There are several reasons why Metacade will likely continue soaring in the near term, such as macro events favoring cryptocurrencies and other assets and important news that could push the token higher.

Macro Events Favor Cryptocurrencies

The Federal Reserve recently decided to hike interest rates by 0.25%, bringing them to about 5.25%. Analysts believe that the Fed has now ended its hiking cycle since there are signs that the American economy is slowing, including contracting manufacturing sector and stubbornly high inflation. Most importantly, the banking sector is at its biggest risk in years with multiple bank collapses already confirmed. Therefore, it is hard to fathom the Fed continuing hiking rates in a period when banks are collapsing – making it likely for altcoins like Metacade to do well because of Bitcoin’s role as a safe haven asset.

Important News Could Push Metacade Higher

The number of MCADE holders has continued rising steadily over recent weeks according to Etherscan data, indicating more investors entering into this asset class – potentially pushing prices higher due to increased demand for limited supply tokens like MCADE tokens . Additionally , Metacade’s platform provides users with several features such as playing games and earning rewards while building networks or connecting with others on their platform – giving users even more incentive to invest in this token .

Conclusion

In conclusion , there are several reasons why investors should consider investing in Metacade after its 275% rally . Macroeconomic events favor cryptocurrencies due to low interest rates , bank collapses , and slowing economy . Additionally important news such as increasing number of holders and added benefits from using their platform could also be pushing prices higher . Ultimately , investing in an asset like this can bring both short-term profits but also long-term gains – so investors should research before deciding on any investment decision .