• Ethereum Classic and Litecoin are struggling to keep up with advancing Web3 projects, such as the new GameFi project Metacade.
• Investors are looking for higher returns and realize that tokens like MCADE may offer a stronger investment opportunity than more established projects.
• Ethereum Classic has taken steps to increase integration with Ethereum but still faces an uncertain future, with its price unlikely to reach $40 in 2023.

Ethereum Classic and Litecoin Struggling in Web3 Landscape

The Web3 space is rapidly advancing, with projects with real utility and solid use cases pushing their way towards mainstream adoption in large industries like finance and gaming. In contrast, Ethereum Classic (ETC) and Litecoin have failed to capture either a chunk of the market or the imagination of those building in Web3, leaving them struggling to keep their heads above the water as the space matures.

Investors Seeking Higher Returns

In light of this difficult backdrop, investors are increasingly looking for opportunities where they can maximize their investments for higher returns. The newcomer GameFi project Metacade offers just such an opportunity; its presale has been met with huge interest from investors who recognize the potential of tokens like MCADE.

What is Ethereum Classic?

Ethereum Classic (ETC) is a hard fork of the original Ethereum chain created after a hacker exploited a vulnerability that allowed them to walk away with $50 million in 2016. As a result, ETC retains many of ETH’s features but only has a tiny fraction of its support.

Can ETC Reach $40?

The project has taken steps to increase compatibility between ETC and ETH in order to broaden its use cases; however, there is no denying that ETC faces an uncertain future due to lack of widespread support— making it unlikely that the coin will reach $40 by 2023.

Conclusion

In conclusion, while Ethereum Classic retains some loyal supporters it will continue to face difficulties competing against more established projects within the Web3 space—making it highly unlikely that its price will reach $40 by 2023.