Invest in Metacade: See Why it’s Soaring After 275% Rally
• Metacade (MCADE) price has jumped by 275% since going public in April this year, making it one of the best-performing cryptocurrencies in the world.
• Macro events seem to favor cryptocurrencies and other assets, as the Federal Reserve ended its hiking cycle with signs that the American economy is slowing.
• There are important news that could push Metacade higher, such as an increase in MCADE holders and Bitcoin’s role as a safe haven asset.
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.
Macro Events Favor Cryptocurrencies
The Federal Reserve recently decided to hike interest rates by 0.25%, bringing them to about 5.25%. This indicates that they have now ended their hiking cycle as there are signs that the American economy is slowing down. Data showed that GDP growth slowed down while retail sales and manufacturing also contracted. Banks are at risk of collapse, which makes it unlikely for further rate hikes to occur anytime soon. Therefore, due to Bitcoin’s role as a safe haven asset, Metacade and other altcoins will likely do well during this period.
Important News Could Push Metacade Higher
The number of MCADE holders has increased significantly over the past few weeks, which shows increasing confidence in the token. Moreover, Bitcoin’s status as a safe haven asset should provide support for Metacade and other altcoins moving forward.
In conclusion, there are several reasons why investors should consider adding Metacade to their portfolios after its 275% rally from its all-time low; macro events appear to be favoring cryptocurrencies overall while important news could further push Metacade higher due to increased confidence in the token and Bitcoin’s role as a safe haven asset.