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Online gaming market projections boost Axie Infinity (AXS) price predictions, Metacade (MCADE), and Shiba Inu (SHIB) follow suit

Recently, many reputable sources have been making bold claims about the future potential of the gaming market. Consequently, many analysts have begun reexamining…

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1 year ago

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Recently, many reputable sources have been making bold claims about the future potential of the gaming market. Consequently, many analysts have begun reexamining their price predictions for some of the crypto market’s best gaming tokens. 

In this article, you’ll discover Axie Infinity price predictions and forecasts for Metacade and Shiba Inu over the next few years. 

What are the gaming market projections?

It’s no secret that gaming has exploded over the past decade. Especially during the pandemic, consumers have flocked to the gaming industry for its immersiveness, interactability, and social elements. However, by the decade’s end, gaming is expected to reach dizzying heights. 

Here are some key projections you should know about:

  • Gaming: As per research by PricewaterhouseCoopers, the gaming industry’s revenue is expected to be worth $321 billion by 2027, while GlobalData puts it at $470 billion by 2030.
  • Mobile Gaming: In the same report, GlobalData estimates that mobile online gaming will make up over half of this revenue.
  • GameFi: While still in its infancy, experts expect that the GameFi market will be at $50 billion by 2025, advancing at a 100% annual growth rate from $1.5 billion in 2021. Similarly, the sector is forecast to grow at 10x the rate of traditional gaming over the same period. 

Axie Infinity (AXS) set the standard for Play-to-Earn in 2021

Axie Infinity is a play-to-earn (P2E) mobile game that took the world by storm in 2021. Benefitting from its Pokémon-esque gameplay, Axie Infinity’s AXS token rocketed as players looked to build their teams of Axies and profit from their time spent playing the game. 

In short, Axie Infinity allows players to buy Axies, represented as NFTs, and use them in battle against other players. The winners are rewarded with Smooth Love Potion (SLP), which can then be traded for fiat. Despite falling out of the spotlight during the 2022 bear market, Axie Infinity price predictions have been raised as investors weigh the consequences of the projected gaming market growth for P2E games. 

Axie Infinity (AXS) Price Prediction

AXS is the primary investment vehicle for Axie Infinity. It reached a high of $166.09 in late 2021 and has since tumbled to below $10. Many Axie Infinity price predictions for the next couple of years placed AXS at a maximum of $43. Multiple analysts have since revised these upward to an average of $79 by 2025. 

Metacade (MCADE) could benefit massively from GameFi growth

Metacade is a community hub that aims to be Web3’s primary destination for P2E gaming. Its goal is to create a fun virtual hangout where players can make the most out of everything GameFi and Web3 have to offer. 

For instance, Metacade features a virtual arcade filled with the best P2E titles, spaces for reading the latest GameFi alpha shared by the industry’s top minds, and an innovative reward system that compensates users with MCADE tokens for their contributions to the community. 

In particular, Metacade intends to put the power back into the hands of the players with the Metagrant scheme. Metagrants enable the community to direct the treasury’s resources toward game developers by voting on which games they want to see built. In addition, it’s launching a job and gig board for its users to find work in Web3 and even plans to turn the community into a decentralized autonomous organization (DAO) once the platform’s development is complete. 

Metacade (MCADE) price prediction

Given the need for community spaces in GameFi, Metacade has seen some incredible price predictions made, despite its MCADE token still being in presale. Launching on exchanges at $0.02, analysts had previously set their targets for $0.10 by the end of 2023.

However, after researching the projected growth of the GameFi industry, some of these predictions have been placed as high as $0.50 by the end of this year.  By 2025, some have been calling for $2, offering 100x returns for investors that got in at the end of the presale. These figures far outweigh the Axie Infinity price predictions offered by many experts. 

Shiba Inu (SHIB) has been growing its online gaming ecosystem

Shiba Inu, the Dogecoin rival, seems like an unlikely candidate to benefit from the growth of the gaming market. But despite its humble beginnings as a simple meme token, the Shiba Inu ecosystem has grown to include a layer-2 scaling solution, an NFT collection, and Shiba Eternity – a P2E mobile game where these NFTs can be used. With more games in the works, like SHIB: The Metaverse, the SHIB token could stand to benefit from the ecosystem’s growth. 

Shiba Inu (MCADE) price prediction

Similar to the Metacade and Axie Infinity price predictions, SHIB has seen its price forecasts increase as market analysts bet on the future of online gaming. Many had predicted that SHIB would see at least $0.00003, almost triple its current price of $0.000011. However, these predictions have now risen to around $0.000054. 

Which project should you invest in?

As the gaming market grows as a whole, it’s likely that GameFi adoption will only accelerate. While Axie Infinity and Shiba Inu certainly stand to benefit, Metacade will likely see the most upside. Besides the fact that community spaces are vital to gamers, it isn’t dependent on any game’s performance, like Axie Infinity or Shib Eternity. Instead, it is expected to grow as the industry expands. 

If you think Metacade could be GameFi’s biggest winner, consider getting involved early in the MCADE presale. Right now, it’s worth $0.014 in stage 4 of the presale, with this number expected to climb to $0.02 as more investors flood in. Millions of tokens have already been sold just 11 weeks after the presale’s launch, and time is quickly running out to grab tokens at these low prices. Don’t wait around – you might just miss your chance. 


You can participate in the Metacade presale here.

The post Online gaming market projections boost Axie Infinity (AXS) price predictions, Metacade (MCADE), and Shiba Inu (SHIB) follow suit appeared first on Invezz.

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Aging at AACR Annual Meeting 2024

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging…

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March 11, 2024

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BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals. 

Credit: Impact Journals

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals. 

Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”

Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Aging team.

About Aging-US:

Aging publishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.

Aging is indexed and archived by PubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed Central, Web of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).

Please visit our website at www.Aging-US.com​​ and connect with us:

  • Aging X
  • Aging Facebook
  • Aging Instagram
  • Aging YouTube
  • Aging LinkedIn
  • Aging SoundCloud
  • Aging Pinterest
  • Aging Reddit

Click here to subscribe to Aging publication updates.

For media inquiries, please contact media@impactjournals.com.

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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked…

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16 hours ago

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March 11, 2024

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NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked by the NY Fed Consumer Survey extended their late 2023 slide, with 3Y inflation expectations in January sliding to a record low 2.4% (from 2.6% in December), even as 1 and 5Y inflation forecasts remained flat, moments ago the NY Fed reported that in February there was a sharp rebound in longer-term inflation expectations, rising to 2.7% from 2.4% at the three-year ahead horizon, and jumping to 2.9% from 2.5% at the five-year ahead horizon, while the 1Y inflation outlook was flat for the 3rd month in a row, stuck at 3.0%. 

The increases in both the three-year ahead and five-year ahead measures were most pronounced for respondents with at most high school degrees (in other words, the "really smart folks" are expecting deflation soon). The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all horizons, while the median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one- and three-year ahead horizons and remained unchanged at the five-year ahead horizon.

Going down the survey, we find that the median year-ahead expected price changes increased by 0.1 percentage point to 4.3% for gas; decreased by 1.8 percentage points to 6.8% for the cost of medical care (its lowest reading since September 2020); decreased by 0.1 percentage point to 5.8% for the cost of a college education; and surprisingly decreased by 0.3 percentage point for rent to 6.1% (its lowest reading since December 2020), and remained flat for food at 4.9%.

We find the rent expectations surprising because it is happening just asking rents are rising across the country.

At the same time as consumers erroneously saw sharply lower rents, median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.

Turning to the labor market, the survey found that the average perceived likelihood of voluntary and involuntary job separations increased, while the perceived likelihood of finding a job (in the event of a job loss) declined. "The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%."

Mean unemployment expectations - or the mean probability that the U.S. unemployment rate will be higher one year from now - decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022. Additionally, the median one-year-ahead expected earnings growth was unchanged at 2.8%, remaining slightly below its 12-month trailing average of 2.9%.

Turning to household finance, we find the following:

  • The median expected growth in household income remained unchanged at 3.1%. The series has been moving within a narrow range of 2.9% to 3.3% since January 2023, and remains above the February 2020 pre-pandemic level of 2.7%.
  • Median household spending growth expectations increased by 0.2 percentage point to 5.2%. The increase was driven by respondents with a high school degree or less.
  • Median year-ahead expected growth in government debt increased to 9.3% from 8.9%.
  • The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 0.6 percentage point to 26.1%, remaining below its 12-month trailing average of 30%.
  • Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago. Year-ahead expectations also deteriorated marginally with a smaller share of respondents expecting to be better off and a slightly larger share of respondents expecting to be worse off a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.4 percentage point to 38.9%.
  • At the same time, perceptions and expectations about credit access turned less optimistic: "Perceptions of credit access compared to a year ago deteriorated with a larger share of respondents reporting tighter conditions and a smaller share reporting looser conditions compared to a year ago."

Also, a smaller percentage of consumers, 11.45% vs 12.14% in prior month, expect to not be able to make minimum debt payment over the next three months

Last, and perhaps most humorous, is the now traditional cognitive dissonance one observes with these polls, because at a time when long-term inflation expectations jumped, which clearly suggests that financial conditions will need to be tightened, the number of respondents expecting higher stock prices one year from today jumped to the highest since November 2021... which incidentally is just when the market topped out during the last cycle before suffering a painful bear market.

Tyler Durden Mon, 03/11/2024 - 12:40

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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March 11, 2024

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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