The GameFi sector is widely thought to have a brighter future than meme coins. GameFi can revolutionize the entire gaming industry, whereas meme coins don’t do much at all. As a result, the Dogecoin and Shiba Inu price predictions are less bullish than Metacade – a brand-new platform that could change the game for good.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
The Dogecoin and Shiba Inu price predictions look likely to produce gains for investors, but it is uncertain whether the two meme coins can ever reclaim their previous all-time highs. DOGE topped out at $0.74 in 2021, while SHIB hit $0.000088 around the same time.
The period was filled with explosive price action, as each meme coin peaked at the height of the 2021 bull market. However, DOGE and SHIB suffered major drawdowns in 2022. Both are currently over 90% down from their all-time high (ATH), and the Dogecoin and Shiba Inu price predictions are forecasting a difficult road ahead.
On the other hand, a brand-new GameFi platform called Metacade looks set to enjoy a very different future. The MCADE token recently started its presale event, in which over $3.5 million worth of funding was raised in over nine weeks. Now, Metacade could become one of the key players in blockchain gaming.
What is Dogecoin (DOGE)?
Dogecoin is one of the original meme coins in Web3. The blockchain is a fork of Bitcoin (BTC). It uses the same proof-of-work (PoW) consensus mechanism but with a different token mining system. More DOGE is mined in each block when compared with Bitcoin, and a higher number of DOGE transactions can be processed per second when compared with BTC.
Will DOGE reach $1?
DOGE is expected to reverse its bearish trend over the coming years when the wider crypto market recovers from the current bear market. However, the level of utility in the DOGE ecosystem does not compare with other major altcoins, which could reduce the gains made by the token.
DOGE may struggle to break through resistance at $0.31, which puts the long-term $1 price target in…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
